Journal Communications Reports $8.1M Profit

By Andrew Gauthier 

Associated Press

Journal Communications Inc. says it swung to a profit in the second quarter as its broadcast revenue was helped by political spending and automotive advertising.

The Milwaukee-based company earned $8.1 million in the quarter, or 14 cents per share.

That’s up from a loss of $4.8 million, or 11 cents per share, last year. However, that figure includes a $19 million impairment charge related to its broadcast license. More…