Journal Communications earnings fall 29 percent - WAOW - Newsline 9, Wausau News, Weather, Sports

Journal Communications earnings fall 29 percent


MILWAUKEE (AP) -- Journal Communications Inc. says its earnings fell 29 percent in the most recent quarter due to a prolonged slump in advertising revenue.

The Milwaukee-based company said Tuesday it had net earnings of $4.4 million in the third quarter, or 7 cents per share. That's down from $6.3 million, or 11 cents per share, in the same quarter last year.

Journal Communications publishes the Milwaukee Journal Sentinel, Wisconsin's largest newspaper. The company reported total revenue of $87.8 million, a 4 percent dip from $91.8 million a year ago.

Chief Executive Steven Smith says the company is expanding local content and investing in interactive media, while making cost management a priority.

Shares of Journal Communications are down 9 cents, or 2.4 percent, to $3.73 in morning trading.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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