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 Reports Fourth Quarter And Full Year 2013 Results

Journal Communications, Inc. (NYSE:JRN) today announced results for its fourth quarter and full year ended December 29, 2013. All reported results below were impacted by an extra week in 2012 compared to 2013. Note that the fourth quarter of 2013 included 13 weeks and the full year 2013 included 52 weeks, versus 14 weeks and 53 weeks in the corresponding prior periods. Our Palm Springs television stations have been reported as discontinued operations in the fourth quarter and full year in 2013 and 2012, respectively.

“Journal Communications delivered a solid fourth quarter in a non-political year, driven by gains in core revenue in our broadcast group and improving advertising revenue trends in publishing. Revenue from NewsChannel 5 in Nashville, acquired in December 2012, helped us replace some of the record political advertising dollars we recorded in the fourth quarter last year. Consolidated revenue of $107.4 million was up 11% compared to 2012, excluding the extra week and political revenue in 2012,” said Steven J. Smith, Chairman and CEO of Journal Communications.

“Within the broadcast group, same-station core revenue, excluding political and the extra week, was up 7%, with television up 11% and radio up 1%. Television retransmission revenue more than doubled to $5.9 million. The daily newspaper continues to benefit from an improved advertising environment. Advertising revenue, excluding the extra week, was flat. Focused sales efforts, along with ongoing expense controls, contributed to a 2% increase in operating earnings for the daily newspaper.”

“Overall, in addition to growing core revenue, we enhanced our digital offerings and content in both broadcast and publishing, and continued to deliver on our financial commitments and strategic plans.”

Fourth Quarter 2013 Results (Continuing Operations)

Note that unless otherwise indicated, all comparisons are to the fourth quarter ended December 30, 2012 (14 weeks). The fourth quarter of 2013 contained 13 weeks. The estimated impact on revenue of the extra week in the fourth quarter of 2012 is summarized in Table 4. Same-station results exclude the results of Nashville NewsChannel 5 which was acquired in December 2012.

1 of 9

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
AAPL $92.95 -0.72%
FB $117.39 -0.57%
GOOG $701.30 0.80%
TSLA $212.57 -4.50%
YHOO $36.95 2.60%


Chart of I:DJI
DOW 17,630.96 -20.30 -0.12%
S&P 500 2,048.14 -2.98 -0.15%
NASDAQ 4,715.7220 -9.9170 -0.21%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs