MILWAUKEE — Journal
Communications Inc. said Thursday its second-quarter net income
jumped 58 percent.
The Milwaukee-based parent company of print, radio and
television media outlets said its net income was $10.4 million,
or 21 cents per share, up from $6.6 million, or 13 cents per
share, for the same period a year ago. Additionally, total
revenue was up 5 percent to $104.7 million from $99.8 million a
Publishing revenue dropped 2 percent to $37.6 million, the
company said. However, Journal Communication’s revenue from
television stations grew nearly 13 percent to $46.9 million.
“Today, we are focused on the second quarter of 2014 and we are
pleased to report that Journal Communications revenue of $105
million grew nearly 5 percent, benefiting from the continued
growth in television retransmission revenue,” said Steven J.
Smith, chairman and CEO of Journal Communications.