Journal Communications Reports October 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 tenth Tenth can mean: In mathematics:
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 tenth period 2005, advertising revenues of $33.93 million decreased 9.7% compared to $37.56 million for the 2004 tenth period. Both periods contained 28 days. Note that unless otherwise indicated, all comparisons are to the tenth period ended October 24, 2004. Also note that the Green Bay television operations were purchased on October 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 $26.34 million, a decrease of 2.3% compared to $26.96 million. Advertising revenue was $20.43 million, essentially flat compared to $20.63 million. Circulation revenue of $3.55 million was down 2.1% compared to $3.63 million. Other revenue of $2.36 million was down 12.6% 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 $15.06 million, down 1.4% compared to $15.28 million. Specifically, retail advertising revenue decreased 8.2% due in large part to continued weakness in auto; classified advertising revenue increased 1.5%; and general advertising revenue decreased 25.2%. Other advertising revenue increased 27.6% to $2.45 million, reflecting growth in Journal Interactive and solo 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 $5.37 million, essentially flat compared to $5.36 million. Specifically, retail advertising revenue decreased 1.3%, classified advertising revenue increased 7.8% and other advertising revenue increased 5.5% to $0.17 million. Circulation revenue at the community newspapers and shoppers of $0.23 million increased 6.9%. Other revenue at the community newspapers and shoppers of $1.93 million decreased 19.2%, 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 $13.50 million decreased 20.2%. This compares to total revenue of $16.93 million reported for the 2004 tenth period. At the radio group, revenue was $6.89 million, a decrease of 6.9% compared to $7.40 million. This decline reflects a one-time one-time adj. 1. or one·time a. Occurring or undertaken only once: a one-time winner in 1995. b. year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. adjustment of $0.33 million recorded in the tenth period 2004 as well as tougher comparison to last year's tenth period due to strong political and issue advertising. At the television group, revenue decreased 30.6% to $6.61 million, reflecting tougher comparisons to last year's tenth period, which included significant political and issue advertising. This compares to revenue of $9.52 million reported for the tenth period 2004. 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 more than 90 community newspapers and shoppers in eight states. We own and operate 38 radio stations and seven television stations in 11 states and operate an additional television station under a local marketing agreement. We also have signed an agreement with Emmis Communications Emmis Communications (NASDAQ: EMMS) is a media conglomerate based in Indianapolis, Indiana. The company owns radio and television stations and magazines in the United States, Belgium, Hungary and Slovakia. Corporation to purchase three additional television stations located in Omaha, Tucson Tucson (t `sŏn'), city (1990 pop. 405,390), seat of Pima co., SE Ariz.; inc. 1877. and Fort Myers, Florida Fort Myers is the county seatGR6 and commercial center of Lee County, Florida. The population was 48,208 at the 2000 census. According to the 2006 U.S. Census Bureau's Estimates, the city had a population of 60,531. . 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:
-------------------------------
Tenth period of 2005 (A) Tenth period of 2004 (B)
----------------------------- ----------------------------
Community Community
Daily Newspapers Daily Newspapers
Newspaper & Shoppers Total Newspaper & Shoppers Total
--------- ---------- -------- --------- ---------- -------
Advertising
revenue:
Retail $6,690 $4,340 $11,030 $7,285 $4,396 $11,681
Classified 5,251 858 6,109 5,171 796 5,967
General 675 -- 675 903 -- 903
Other 2,447 173 2,620 1,918 164 2,082
--------- --------- --------- --------- -------- ---------
Total
advertising
revenue 15,063 5,371 20,434 15,277 5,356 20,633
Circulation
revenue 3,315 233 3,548 3,407 218 3,625
Other
revenue 433 1,926 2,359 316 2,384 2,700
--------- --------- --------- --------- -------- ---------
Total
revenue $18,811 $7,530 $26,341 $19,000 $7,958 $26,958
========= ========= ========= ========= ======== =========
% Change % Change % Change
Daily CN&S Total
-------- -------- -------
Advertising
revenue:
Retail (8.2) (1.3) (5.6)
Classified 1.5 7.8 2.4
General (25.2) -- (25.2)
Other 27.6 5.5 25.8
Total
advertising
revenue (1.4) 0.3 (1.0)
Circulation
revenue (2.7) 6.9 (2.1)
Other revenue 37.0 (19.2) (12.6)
Total revenue (1.0) (5.4) (2.3)
Ten periods of 2005 (C) Ten periods of 2004 (D)
----------------------------- ----------------------------
Community Community
Daily Newspapers Daily Newspapers
Newspaper & Shoppers Total Newspaper & Shoppers Total
--------- ---------- -------- --------- ---------- -------
Advertising
revenue:
Retail $66,167 $45,617 $111,784 $66,358 $45,840 $112,198
Classified 55,418 8,285 63,703 53,993 7,702 61,695
General 8,606 -- 8,606 9,406 -- 9,406
Other 20,141 1,568 21,709 16,917 1,644 18,561
--------- --------- --------- --------- -------- ---------
Total
advertising
revenue 150,332 55,470 205,802 146,674 55,186 201,860
Circulation
revenue 34,738 2,398 37,136 35,737 2,387 38,124
Other
revenue 5,256 23,378 28,634 4,621 24,125 28,746
--------- --------- --------- --------- -------- ---------
Total
revenue $190,326 $81,246 $271,572 $187,032 $81,698 $268,730
========= ========= ========= ========= ======== =========
% Change % Change % Change
Daily CN&S Total
-------- -------- -------
Advertising
revenue:
Retail (0.3) (0.5) (0.4)
Classified 2.6 7.6 3.3
General (8.5) -- (8.5)
Other 19.1 (4.6) 17.0
Total
advertising
revenue 2.5 0.5 2.0
Circulation
revenue (2.8) 0.5 (2.6)
Other revenue 13.7 (3.1) (0.4)
Total revenue 1.8 (0.6) 1.1
(A) 2005 tenth period: September 26 to October 23, 2005.
(B) 2004 tenth period: September 27 to October 24, 2004.
(C) Ten periods of 2005: December 27, 2004 to October 23, 2005.
(D) Ten periods of 2004: January 1, 2004 to October 24, 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:
-------------------------------------------------------------------
Tenth period (A) (B)
-----------------------
2005 2004 % Change
----------- ----------- ------------
Advertising linage (inches):
Full run
Retail 53,275 67,020 (20.5)
Classified 61,463 65,731 (6.5)
General 3,961 4,003 (1.0)
----------- -----------
Total full run 118,699 136,754 (13.2)
Part run 14,962 17,570 (14.8)
----------- -----------
Total advertising linage 133,661 154,324 (13.4)
=========== ===========
Preprint pieces (in thousands) 69,882 64,407 8.5
=========== ===========
Full pages of advertising and revenue per page of our community
newspapers and shoppers:
---------------------------------------------------------------
Full pages of advertising:
Community newspapers 7,618 8,224 (7.4)
Shoppers and specialty
products 8,335 8,611 (3.2)
----------- -----------
Total full pages of advertising 15,953 16,835 (5.2)
=========== ===========
Revenue per page $294.66 $284.66 3.5
=========== ===========
Daily newspaper's core newspaper advertising linage by category and
core newspaper and shared mail preprint pieces:
-------------------------------------------------------------------
Ten periods (C) (D)
-----------------------
2005 2004 % Change
----------- ----------- ------------
Advertising linage (inches):
Full run
Retail 569,423 592,075 (3.8)
Classified 663,668 715,641 (7.3)
General 38,007 44,144 (13.9)
----------- -----------
Total full run 1,271,098 1,351,860 (6.0)
Part run 141,069 139,041 1.5
----------- -----------
Total advertising linage 1,412,167 1,490,901 (5.3)
=========== ===========
Preprint pieces (in thousands) 707,045 631,050 12.0
=========== ===========
Full pages of advertising and revenue per page of our community
newspapers and shoppers:
---------------------------------------------------------------
Full pages of advertising:
Community newspapers 76,263 83,180 (8.3)
Shoppers and specialty
products 90,000 90,168 (0.2)
----------- -----------
Total full pages of advertising 166,263 173,348 (4.1)
=========== ===========
Revenue per page $297.29 $283.64 4.8
=========== ===========
(A) 2005 tenth period: September 26 to October 23, 2005.
(B) 2004 tenth period: September 27 to October 24, 2004.
(C) Ten periods of 2005: December 27, 2004 to October 23, 2005.
(D) Ten periods of 2004: January 1, 2004 to October 24, 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:
---------------------------------------------
Tenth period of 2005 (A) Tenth period of 2004 (B)
----------------------------- -----------------------------
Radio Television Total Radio Television Total
-------- ---------- --------- -------- ---------- ---------
Revenue $6,893 $6,607 $13,500 $7,404 $9,523 $16,927
======== ========== ========= ======== ========== =========
% Change % Change % Change
Radio Television Total
---------- ---------- -----------
Revenue (6.9) (30.6) (20.2)
Ten periods of 2005 (C) Ten periods of 2004 (D)
----------------------------- -----------------------------
Radio Television Total Radio Television Total
-------- ---------- --------- -------- ---------- ---------
Revenue $68,467 $65,662 $134,129 $66,324 $71,450 $137,774
======== ========== ========= ======== ========== =========
% Change % Change % Change
Radio Television Total
---------- ---------- -----------
Revenue 3.2 (8.1) (2.6)
(A) 2005 tenth period: September 26 to October 23, 2005.
(B) 2004 tenth period: September 27 to October 24, 2004.
(C) Ten periods of 2005: December 27, 2004 to October 23, 2005.
(D) Ten periods of 2004: January 1, 2004 to October 24, 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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