Journal Communications Reports November 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 eleventh In music or music theory an eleventh is the note eleven scale degrees from the root of a chord and also the interval between the root and the eleventh. Since there are only seven degrees in a diatonic scale the eleventh degree is the same as the subdominant and the interval period ended November November: see month. 20, 2005, total revenues for its Publishing and Broadcast groups of $39.48 million decreased 8.5% compared to $43.17 million reported for the eleventh period ended November 21, 2004. The decrease in total revenues reflects, in large part, tougher broadcast comparisons due to significant political and issue advertising revenue generated in the 2004 eleventh period as well as lost revenues from Journal Community Publishing Group's Dixie Dixie popular name for Southern states in U.S. and for song. [Am. Hist.: EB, III: 587] See : Southern States Web Printing facility in New Orleans New Orleans (ôr`lēənz –lənz, ôrlēnz`), city (2006 pop. 187,525), coextensive with Orleans parish, SE La., between the Mississippi River and Lake Pontchartrain, 107 mi (172 km) by water from the river mouth; founded . For the eleventh period 2005, advertising revenues of $33.60 million decreased 8.8% compared to $36.84 million for the 2004 eleventh period. Both periods contained 28 days. Note that unless otherwise indicated, all comparisons are to the eleventh period ended November 21, 2004. Also note that the Green Bay television operations were purchased on October October: see month. 6, 2004 and are now considered "same-station" revenue on a comparative basis. At the Publishing segment, revenues at the daily newspaper and the community newspapers and shoppers totaled $25.52 million, a decrease of 3.7% compared to $26.49 million. Advertising revenue was $19.63 million, down 2.6% compared to $20.16 million. Circulation revenue of $3.41 million was down 5.5% compared to $3.61 million. Other revenue of $2.48 million was down 8.7% in the period year over year, reflecting the loss of commercial printing due to the closure 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.At the daily newspaper, total advertising revenue was $14.49 million, down 2.5% compared to $14.86 million. Specifically, retail advertising revenue decreased 3.9%; classified advertising decreased 2.3%; and general advertising revenue of $0.74 million decreased 26.9% due to weakness in airlines, telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. and amusements. Other advertising revenue increased 15.1% to $2.16 million, reflecting growth in Journal Interactive and shared mail. Within classified advertising, the help wanted "Help wanted" is a request commonly made by an employer in search of an employee. It may also refer to:
At the Company's community newspapers and shoppers operations, total advertising revenue was $5.15 million, down 2.9% compared to $5.30 million. Specifically, retail advertising revenue decreased 5.0%, classified advertising revenue increased 9.4% and other advertising revenue increased 1.7%. Circulation revenue at the community newspapers and shoppers of $0.23 million increased 2.7%. Other revenue at the community newspapers and shoppers of $1.93 million decreased 18.8%, 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 $13.97 million decreased 16.3% compared to $16.68 million reported for the 2004 eleventh period. At the radio group, revenue was $6.93 million, a decrease of 6.0% compared to $7.38 million. The decrease in political and issue advertising compared to last year's eleventh period accounts for virtually the entire decline in radio revenue. At the television group, revenue decreased 24.4% to $7.03 million compared to $9.30 million. The decrease in political and issue advertising compared to last year's eleventh period accounts for nearly all of the decline in television revenue. 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 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 more than 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 for 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:
-------------------------------
Eleventh period of 2005 (A) Eleventh period of 2004 (B)
----------------------------- -----------------------------
Community Community
Daily Newspapers Daily Newspapers
Newspaper & Shoppers Total Newspaper & Shoppers Total
---------- ---------- ------- ---------- ---------- -------
Advertising
revenue:
Retail $6,791 $4,245 $11,036 $7,069 $4,467 $11,536
Classified 4,796 780 5,576 4,908 713 5,621
General 738 -- 738 1,009 -- 1,009
Other 2,161 120 2,281 1,878 118 1,996
--------- --------- --------- --------- --------- ---------
Total
advertising
revenue 14,486 5,145 19,631 14,864 5,298 20,162
Circulation
revenue 3,179 230 3,409 3,385 224 3,609
Other
revenue 550 1,929 2,479 340 2,375 2,715
--------- --------- --------- --------- --------- ---------
Total
revenue $18,215 $7,304 $25,519 $18,589 $7,897 $26,486
========= ========= ========= ========= ========= =========
% Change % Change % Change
Daily CN&S Total
--------- --------- ----------
Advertising revenue:
Retail (3.9) (5.0) (4.3)
Classified (2.3) 9.4 (0.8)
General (26.9) -- (26.9)
Other 15.1 1.7 14.3
Total advertising revenue (2.5) (2.9) (2.6)
Circulation revenue (6.1) 2.7 (5.5)
Other revenue 61.8 (18.8) (8.7)
Total revenue (2.0) (7.5) (3.7)
Eleven periods of 2005 (C) Eleven periods of 2004 (D)
----------------------------- -----------------------------
Community Community
Daily Newspapers Daily Newspapers
Newspaper & Shoppers Total Newspaper & Shoppers Total
---------- ---------- -------- --------- ---------- -------
Advertising
revenue:
Retail $72,958 $49,862 $122,820 $73,427 $50,307 $123,734
Classified 60,214 9,065 69,279 58,901 8,415 67,316
General 9,344 -- 9,344 10,415 -- 10,415
Other 22,302 1,688 23,990 18,795 1,762 20,557
--------- --------- --------- --------- --------- ---------
Total
advertising
revenue 164,818 60,615 225,433 161,538 60,484 222,022
Circulation
revenue 37,917 2,628 40,545 39,122 2,611 41,733
Other
revenue 5,806 25,307 31,113 4,961 26,500 31,461
--------- --------- --------- --------- --------- ---------
Total
revenue $208,541 $88,550 $297,091 $205,621 $89,595 $295,216
========= ========= ========= ========= ========= =========
% Change % Change % Change
Daily CN&S Total
--------- --------- ----------
Advertising revenue:
Retail (0.6) (0.9) (0.7)
Classified 2.2 7.7 2.9
General (10.3) -- (10.3)
Other 18.7 (4.2) 16.7
Total advertising revenue 2.0 0.2 1.5
Circulation revenue (3.1) 0.7 (2.8)
Other revenue 17.0 (4.5) (1.1)
Total revenue 1.4 (1.2) 0.6
(A) 2005 eleventh period: October 24 to November 20, 2005.
(B) 2004 eleventh period: October 25 to November 21, 2004.
(C) Eleven periods of 2005: December 27, 2004 to November 20, 2005.
(D) Eleven periods of 2004: January 1, 2004 to November 21, 2004.
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
25, 2005.
Daily newspaper's core newspaper advertising linage by category and
core newspaper and shared mail preprint pieces:
-------------------------------------------------------------------
Eleventh period (A)(B)
---------------------
2005 2004 % Change
---------- ---------- ----------
Advertising linage (inches):
Full run
Retail 49,669 58,300 (14.8)
Classified 54,707 62,022 (11.8)
General 2,843 4,459 (36.2)
---------- ----------
Total full run 107,219 124,781 (14.1)
Part run 12,598 16,190 (22.2)
---------- ----------
Total advertising linage 119,817 140,971 (15.0)
========== ==========
Preprint pieces (in thousands) 73,488 65,991 11.4
========== ==========
Full pages of advertising and revenue per page of our community
newspapers and shoppers:
----------------------------------------------------------------
Full pages of advertising:
Community newspapers 7,258 7,902 (8.1)
Shoppers and specialty products 8,243 8,446 (2.4)
---------- ----------
Total full pages of advertising 15,501 16,348 (5.2)
========== ==========
Revenue per page $293.54 $288.15 1.9
========== ==========
Daily newspaper's core newspaper advertising linage by category and
core newspaper and shared mail preprint pieces:
-------------------------------------------------------------------
Eleven periods (C)(D)
---------------------
2005 2004 % Change
---------- ---------- ----------
Advertising linage (inches):
Full run
Retail 619,092 650,375 (4.8)
Classified 718,375 777,663 (7.6)
General 40,850 48,603 (16.0)
---------- ----------
Total full run 1,378,317 1,476,641 (6.7)
Part run 153,667 155,231 (1.0)
---------- ----------
Total advertising linage 1,531,984 1,631,872 (6.1)
========== ==========
Preprint pieces (in thousands) 780,533 697,041 12.0
========== ==========
Full pages of advertising and revenue per page of our community
newspapers and shoppers:
---------------------------------------------------------------
Full pages of advertising:
Community newspapers 83,521 91,082 (8.3)
Shoppers and specialty products 98,243 98,614 (0.4)
---------- ----------
Total full pages of advertising 181,764 189,696 (4.2)
========== ==========
Revenue per page $296.97 $284.03 4.6
========== ==========
(A) 2005 eleventh period: October 24 to November 20, 2005.
(B) 2004 eleventh period: October 25 to November 21, 2004.
(C) Eleven periods of 2005: December 27, 2004 to November 20, 2005.
(D) Eleven periods of 2004: January 1, 2004 to November 21, 2004.
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:
---------------------------------------------
Eleventh period of 2005 (A) Eleventh period of 2004 (B)
----------------------------- ------------------------------
Radio Television Total Radio Television Total
-------- ---------- --------- -------- ---------- ----------
Revenue $6,933 $7,032 $13,965 $7,378 $9,303 $16,681
======== ========== ========= ======== ========== ==========
% Change % Change % Change
Radio Television Total
---------- ---------- ----------
Revenue (6.0) (24.4) (16.3)
Eleven periods of 2005 (C) Eleven periods of 2004 (D)
----------------------------- ------------------------------
Radio Television Total Radio Television Total
-------- ----------- -------- -------- ----------- ---------
Revenue $75,400 $72,694 $148,094 $73,702 $80,753 $154,455
======== ========== ========= ======== ========== ==========
% Change % Change % Change
Radio Television Total
---------- ---------- ----------
Revenue 2.3 (10.0) (4.1)
(A) 2005 eleventh period: October 24 to November 20, 2005.
(B) 2004 eleventh period: October 25 to November 21, 2004.
(C) Eleven periods of 2005: December 27, 2004 to November 20, 2005.
(D) Eleven periods of 2004: January 1, 2004 to November 21, 2004.
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 25, 2005.
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