Journal Register posts net gain p.53

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By: Joanne Messina

Journal Register Co. say fourth-quarter earnings rose on the strength of a 28.1% increase in newspaper advertising revenues.
Quarterly net income grew to $14.3 million, from $13.5 million in fourth-quarter 1997, as revenues rose to $121.2 million, from $94.2 million
CEO Robert M. Jelenic says the Goodson papers exceeded earnings expectations and expects continued strong performance in 1999.
For the year, the Journal Register's net income grew to $41.1 million, from $23 million in 1997, as revenues rose to $426.8 million from $359.4 million.
The company also reported advertising revenue increases for the year at its flagship, the New Haven (Conn.) Register, of 5.6%; The Middletown (Conn.) Press, of 8.5%; Southern Rhode Island Newspapers, of 4.5%; and the Lorain, Ohio, Morning Journal, of 3.9%.































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