Journal Reports 5 Percent Rise In Broadcast Revenue

Journal Communications, Inc. Thursday announced results for its third quarter ended September 29, 2013.

• Broadcast revenue - excluding political, Olympic, and Nashville NewsChannel 5 revenue - up 5.0%
• Political and Olympic revenue of $0.4 million compared to $11.6 million
• Publishing revenue, excluding northern WI community publications sold in December 2012, up 2.3%
• Daily newspaper retail revenue up 7.5% - total advertising revenue up 4.8%
• Operating earnings of $9.5 million, down 29.7% driven by lower political and Olympic advertising

 "Journal Communications had a solid third quarter, driven by continued improving advertising revenue trends in publishing, as well as revenue gains in our broadcast group. Total revenue of $97.7 million was essentially flat compared to 2012 which had record political and Olympic spending," said Steven J. Smith, Chairman and CEO of Journal Communications.

"Within the broadcast group, revenue was up 3%, with television up 2% and radio up nearly 4%.”