Journal Communications Reports May Revenue and Volume for Its Publishing and Broadcast Groups.MILWAUKEE Milwaukee (mĭlwŏk`ē), city (1990 pop. 628,088), seat of Milwaukee co., SE Wis., at the point where the Milwaukee, Menominee, and Kinnickinnic rivers enter Lake Michigan; inc. 1846. -- Journal Communications Journal Communications, Inc. NYSE: JRN is a a publicly traded media company based in Milwaukee, Wisconsin. It publishes the Milwaukee Journal Sentinel, a daily newspaper, and it also owns television stations, radio stations and weekly newspapers, among other , Inc. (NYSE NYSE See: New York Stock Exchange :JRN JRN - J. Random Nerd. See JRL. ) announced today that for the fifth period ended May 21, 2006, total revenues for its Publishing and Broadcast groups of $45.97 million increased 11.8% compared to $41.12 million reported for the fifth period ended May 22, 2005. For the fifth period 2006, advertising revenues of $38.95 million increased 14.6% compared to $33.97 million for the 2005 fifth period. Both periods contained 28 days. Both total revenues and advertising revenues for the fifth period 2006 were impacted positively by the contribution of the new television operations acquired on December December: see month. 5, 2005, while total revenues were impacted negatively by the shutdown shut·down n. A cessation of operations or activity, as at a factory. shutdown Noun the closing of a factory, shop, or other business Verb shut down of our Louisiana Louisiana (ləwē'zēăn`ə, l  ē'–), state in the S central United States. It is bounded by Mississippi, with the Mississippi R. printing plant.
Excluding the new television operations, both total revenues and
advertising revenues were up slightly.Note that unless otherwise indicated, all comparisons are to the fifth period ended May 22, 2005. At the Publishing segment, revenues at the daily newspaper and the community newspapers and shoppers totaled $27.05 million, down 2.1% compared to $27.62 million. Advertising revenue was $20.02 million, down 2.2% compared to $20.47 million. Circulation revenue of $4.24 million was down 2.6% compared to $4.35 million. Other revenue of $2.79 million was essentially flat, reflecting the loss of commercial printing due to the closure of our Louisiana printing plant. At the daily newspaper, total advertising revenue was $14.37 million, down 3.7% compared to $14.92 million. Specifically, retail advertising was essentially flat, classified advertising revenue was down 6.4%, national advertising revenue of $0.65 million decreased 27.6% and direct marketing revenue of $0.56 million was up 17.7%. Within classified advertising, the auto and help wanted "Help wanted" is a request commonly made by an employer in search of an employee. It may also refer to:
Note that our recently announced charge to revenue for the Shorewest litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. settlement and the voluntary credit to preprint pre·print n. Something printed and often distributed in partial or preliminary form in advance of official publication: a preprint of a scientific article. tr.v. advertisers will be recorded in the 2006 sixth period. At the Company's community newspapers and shoppers operations, total advertising revenue was $5.65 million, up 1.9% compared to $5.55 million. Specifically, retail advertising revenue was up slightly, classified advertising revenue increased 10.5% and other advertising revenue of $0.04 million was down 31.3%. Circulation revenue at the community newspapers and shoppers of $0.22 million decreased 2.3%. Other revenue at the community newspapers and shoppers of $2.04 million decreased 12.7%, reflecting the loss of commercial printing due to the closure of our Louisiana printing plant. At the Broadcasting segment, total revenue at the Company's radio stations and television stations of $18.92 million increased 40.1% compared to $13.51 million reported for the 2005 fifth period. Excluding the new television operations -- which recorded fifth period 2006 revenue of $4.70 million -- same-station broadcast revenues were up 5.4%. At the radio group, revenue was $7.11 million, up 6.3% compared to $6.69 million. At the television group, revenue increased 73.2% to $11.82 million compared to $6.82 million due in large part to the new television operations. Excluding the new television operations, television revenues increased 4.4%. Forward-looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This press release may contain certain forward-looking statements related to our businesses that are based on our current expectations. Forward-looking statements are subject to certain risks, trends and uncertainties, including changes in advertising demand and other economic conditions that could cause actual results to differ materially from the expectations expressed in forward-looking statements. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. Our written policy on forward-looking statements can be found on page 1 of our most recent Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed with the Securities and Exchange Commission. About Journal Communications Journal Communications, Inc., headquartered in Milwaukee, Wisconsin For other places with the same name, see Milwaukee (disambiguation). Milwaukee is the largest city within the state of Wisconsin and 25th largest (by population) in the United States. , was founded in 1882. We are a diversified diversified (di·verˑ·s media and communications company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. with operations in publishing, radio and television broadcasting, telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. and printing services. We publish the Milwaukee Journal Sentinel The Milwaukee Journal Sentinel is a daily morning broadsheet printed in Milwaukee, Wisconsin, USA. It is the primary newspaper in Milwaukee, the largest newspaper in Wisconsin and is distributed widely throughout the state. , which serves as the only major daily newspaper for the Milwaukee metropolitan area, and about 90 community newspapers and shoppers in eight states. We own and operate 37 radio stations and nine television stations in 12 states and operate two television stations under local marketing agreements. Through our telecommunications segment, we own and operate a regional fiber optic optic /op·tic/ (op´tik) ocular (1). op·tic or op·ti·cal adj. 1. Of or relating to the eye or vision. 2. network in the upper Midwest The Upper Midwest is a region of the United States with no universally agreed-upon boundary, but it almost always lies within the US Census Bureau's definition of the Midwest and includes the states of Minnesota and Wisconsin, as well as at least the Upper Peninsula of Michigan. , provide integrated data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. solutions for small and mid-size businesses and offer network transmission solutions for other service providers. We also provide a wide range of commercial printing services -- including printing of publications, professional journals and documentation material -- as well as electronic publishing An umbrella term for non-paper publishing, which includes publishing online or on media such as CDs and DVDs. , kit assembly and fulfillment ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. . In addition, we operate a direct marketing services business. Tables Follow
Journal Communications, Inc.
Publishing Segment Information (unaudited)
(dollars in thousands)
Publishing revenue by category:
-------------------------------
Fifth period of 2006 (A)
----------------------------------
Community
Daily Newspapers
Newspaper & Shoppers Total
---------- ---------- ----------
Advertising revenue:
Retail $7,751 $4,621 $12,372
Classified 5,409 986 6,395
National 649 -- 649
Direct Marketing 564 -- 564
Other -- 44 44
---------- ---------- ----------
Total advertising revenue 14,373 5,651 20,024
Circulation revenue 4,018 217 4,235
Other revenue 750 2,037 2,787
---------- ---------- ----------
Total revenue $19,141 $7,905 $27,046
========== ========== ==========
Fifth period of 2005 (A)
----------------------------------
Community
Daily Newspapers
Newspaper & Shoppers Total
---------- ---------- ----------
Advertising revenue:
Retail $7,765 $4,592 $12,357
Classified 5,777 892 6,669
National 897 -- 897
Direct Marketing 479 -- 479
Other -- 64 64
---------- ---------- ----------
Total advertising revenue 14,918 5,548 20,466
Circulation revenue 4,126 222 4,348
Other revenue 471 2,333 2,804
---------- ---------- ----------
Total revenue $19,515 $8,103 $27,618
========== ========== ==========
% Change % Change % Change
Daily CN&S Total
--------- --------- ---------
Advertising revenue:
Retail (0.2) 0.6 0.1
Classified (6.4) 10.5 (4.1)
National (27.6) N/A (27.6)
Direct Marketing 17.7 N/A 17.7
Other N/A (31.3) (31.3)
Total advertising revenue (3.7) 1.9 (2.2)
Circulation revenue (2.6) (2.3) (2.6)
Other revenue 59.2 (12.7) (0.6)
Total revenue (1.9) (2.4) (2.1)
Five periods of 2006 (B)
----------------------------------
Community
Daily Newspapers
Newspaper & Shoppers Total
---------- ---------- ----------
Advertising revenue:
Retail $36,196 $21,228 $57,424
Classified 26,853 4,348 31,201
National 3,913 -- 3,913
Direct Marketing 2,415 -- 2,415
Other -- 533 533
---------- ---------- ----------
Total advertising revenue 69,377 26,109 95,486
Circulation revenue 20,763 1,196 21,959
Other revenue 4,885 9,809 14,694
---------- ---------- ----------
Total revenue $95,025 $37,114 $132,139
========== ========== ==========
Five periods of 2005 (B)
----------------------------------
Community
Daily Newspapers
Newspaper & Shoppers Total
---------- ---------- ----------
Advertising revenue:
Retail $36,004 $21,940 $57,944
Classified 28,183 3,861 32,044
National 4,689 -- 4,689
Direct Marketing 2,322 -- 2,322
Other -- 533 533
---------- ---------- ----------
Total advertising revenue 71,198 26,334 97,532
Circulation revenue 21,349 1,177 22,526
Other revenue 3,528 11,882 15,410
---------- ---------- ----------
Total revenue $96,075 $39,393 $135,468
========== ========== ==========
% Change % Change % Change
Daily CN&S Total
--------- --------- ---------
Advertising revenue:
Retail 0.5 (3.2) (0.9)
Classified (4.7) 12.6 (2.6)
National (16.5) N/A (16.5)
Direct Marketing 4.0 N/A 4.0
Other N/A -- --
Total advertising revenue (2.6) (0.9) (2.1)
Circulation revenue (2.7) 1.6 (2.5)
Other revenue 38.5 (17.4) (4.6)
Total revenue (1.1) (5.8) (2.5)
(A) 2006 fifth period: April 24 to May 21, 2006.
2005 fifth period: April 25 to May 22, 2005.
(B) Five periods of 2006: December 26, 2005 to May 21, 2006.
Five periods of 2005: December 27, 2004 to May 22, 2005.
NOTE:
Publishing segment information is provided to facilitate comparison of
our publishing segment results with those of other publishing
companies and is not representative of the overall business of Journal
Communications or its operating results. The revenues for both the
period and the year-to-date are not necessarily indicative of the
results that may be expected for the fiscal year ending December 31,
2006.
Daily newspaper's core newspaper advertising linage by category
and core newspaper and shared mail preprint pieces:
---------------------------------------------------------------
Fifth period (A)
----------------------
2006 2005 % Change
---------- ---------- ----------
Advertising linage (inches):
Full run
Retail 55,580 54,098 2.7
Classified 55,281 64,903 (14.8)
National 3,684 3,611 2.0
---------- ----------
Total full run 114,545 122,612 (6.6)
Part run 12,270 17,405 (29.5)
---------- ----------
Total advertising linage 126,815 140,017 (9.4)
========== ==========
Preprint pieces (in thousands) 71,216 69,808 2.0
========== ==========
Full pages of advertising and revenue per page of our
community newspapers and shoppers:
------------------------------------------------------
Full pages of advertising:
Community newspapers 7,863 7,510 4.7
Shoppers and specialty products 8,346 8,957 (6.8)
---------- ----------
Total full pages of advertising 16,209 16,467 (1.6)
========== ==========
Revenue per page $312.80 $304.03 2.9
========== ==========
Daily newspaper's core newspaper advertising linage by category
and core newspaper and shared mail preprint pieces:
---------------------------------------------------------------
Five periods (B)
----------------------
2006 2005 % Change
---------- ---------- ----------
Advertising linage (inches):
Full run
Retail 260,148 270,791 (3.9)
Classified 269,471 310,228 (13.1)
National 22,072 20,655 6.9
---------- ----------
Total full run 551,691 601,674 (8.3)
Part run 45,064 64,214 (29.8)
---------- ----------
Total advertising linage 596,755 665,888 (10.4)
========== ==========
Preprint pieces (in thousands) 340,571 341,339 (0.2)
========== ==========
Full pages of advertising and revenue per page of our
community newspapers and shoppers:
-----------------------------------------------------
Full pages of advertising:
Community newspapers 35,239 35,540 (0.8)
Shoppers and specialty products 40,784 43,118 (5.4)
---------- ----------
Total full pages of advertising 76,023 78,658 (3.3)
========== ==========
Revenue per page $305.97 $299.95 2.0
========== ==========
(A) 2006 fifth period: April 24 to May 21, 2006.
2005 fifth period: April 25 to May 22, 2005.
(B) Five periods of 2006: December 26, 2005 to May 21, 2006.
Five periods of 2005: December 27, 2004 to May 22, 2005.
NOTE: Publishing segment information is provided to facilitate
comparison of our publishing segment results with those of other
publishing companies and is not representative of the overall business
of Journal Communications or its operating results. All data are
subject to later adjustment.
Journal Communications, Inc.
Broadcasting Segment Information (unaudited)
(dollars in thousands)
Broadcasting revenue by radio and television:
---------------------------------------------
Fifth period of 2006 (A) Fifth period of 2005 (A)
------------------------------ ------------------------------
Radio Television Total Radio Television Total
--------- ---------- --------- --------- ---------- ---------
Revenue $7,109 $11,815 $18,924 $6,686 $6,820 $13,506
========= ========== ========= ========= ========== =========
% Change % Change % Change
Radio Television Total
--------- ---------- ---------
Revenue 6.3 73.2 40.1
Five periods of 2006 (B) Five periods of 2005 (B)
------------------------------ ------------------------------
Radio Television Total Radio Television Total
--------- ---------- --------- --------- ---------- ---------
Revenue $30,970 $56,586 $87,556 $31,111 $32,370 $63,481
========= ========== ========= ========= ========== =========
% Change % Change % Change
Radio Television Total
--------- ---------- ---------
Revenue (0.5) 74.8 37.9
(A) 2006 fifth period: April 24 to May 21, 2006.
2005 fifth period: April 25 to May 22, 2005.
(B) Five periods of 2006: December 26, 2005 to May 21, 2006.
Five periods of 2005: December 27, 2004 to May 22, 2005.
NOTE: Broadcasting segment information is provided to facilitate
comparison of our broadcasting segment results with those of other
broadcasting companies and is not representative of the overall
business of Journal Communications or its operating results. The
revenues for both the period and the year-to-date are not necessarily
indicative of the results that may be expected for the fiscal year
ending December 31, 2006.
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