This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Journal Communications Earnings Jump

MILWAUKEE ( TheStreet) -- Journal Communications (JRN) saw earnings jump during the third quarter driven by double-digit revenue growth in its broadcast segment.

For the quarter ended Sept. 26, the company saw a triple digit gain in earnings of $6.3 million, or 11 cents per diluted share, compared with earnings of $1.8 million, or 2 cents per share, in the same period a year ago.

Earnings from continuing operations were 11 cents per share, which was on target with analyst estimates.

Revenue rose 1.7% to $101.6 million from $100 million during the quarter.

Publishing revenue was down 6.5% to $43.4 million from $46.5 million. Revenue from its one daily newspaper, the Milwaukee Journal Sentinel, fell 6.4% while its community newspapers and shoppers revenue declined 7.1%.

The weak publishing revenue was offset by a 14.2% boost in the company's broadcast revenue from its 33 radio stations and its 13 television stations.

"The primary drivers of the broadcast revenue increase were political and issue advertising of $4.7 million and a 30.5% increase in automotive advertising," chairman and CEO Steven Smith said.

For the first nine months of the year, Journal Communications swung to a profit of $19.7 million, or 33 cents per share, compared with a loss of $2.9 million, or 8 cents per share, in the same period a year ago.

Revenue rose 0.4% to $304.5 million from $305.7 million.

Management expects the publishing and printing revenues will continue to be weak, while it anticipates that its broadcasting segment will be up on increased advertising.

Journal Communications shares are down about 1% today to $4.72.

-- Written by Theresa McCabe in Boston.

>To contact the writer of this article, click here: Theresa McCabe.

>To follow the writer on Twitter, go to @TheresaMcCabe.

>To submit a news tip, send an email to:


Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
JRN $14.82 1.30%
AAPL $94.02 -2.67%
FB $104.07 -5.81%
GOOG $683.57 -3.45%
TSLA $162.60 -7.26%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs