Journal Communications posts 2Q increase in net income

Special to The Freeman

August 7, 2014

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 year ago.

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.