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Home > BizTimes Daily > Archives > July 20, 2004
Journal Communications' quarterly earnings soar
Published July 20, 2004 - BizTimes Daily
Journal Communications Inc.'s second-quarter earnings increased 36.8 percent to $20.8 million, or 27 cents per share, from $15.2 million, or 20 cents per share, in the same period a year ago. The parent company of the Milwaukee Journal Sentinel, WTMJ-Channel 4, WTMJ-AM 620 and WKTI-FM 94.5 today reported operating revenue of $208.0 million, compared with $199.4 million for the same period a year earlier. In last year's second quarter, the company recorded a $1.5 million liability for employment-related taxes. "Journal Communications finished the first half of 2004 with another strong performance, driven in large part by the same benefits that we have been reporting for the past three quarters. Chief among them were continued gains in productivity benefits from our new newspaper production facility, broad-based advertising revenue expansion at our publishing businesses and our television and radio stations and cost controls throughout the organization," said Steven Smith, chairman and CEO.
