Profits at Journal Communications Rise 23.9%
Posted: 7/27/2012 | By: Paul Gores | Journal Sentinel
Profits for Journal Communications Inc. rose 23.9% in the second quarter as revenue in the company's broadcast division grew.
The Milwaukee-based media company posted net income of $7.61 million, or 13 cents a share, up from $6.14 million, or 10 cents, a year earlier.
"Journal Communications had a strong second quarter with operating earnings up 17%, driven by political and issue advertising and a continuing recovery in many of our local broadcast markets," Steven Smith, chairman and chief executive, said in a statement.
The Milwaukee-based media company posted net income of $7.61 million, or 13 cents a share, up from $6.14 million, or 10 cents, a year earlier.
"Journal Communications had a strong second quarter with operating earnings up 17%, driven by political and issue advertising and a continuing recovery in many of our local broadcast markets," Steven Smith, chairman and chief executive, said in a statement.