Journal Register (JRC) Reports Drop in May Revenues

Journal Register Company (NYSE: JRC) reported total revenues from continuing operations for Period Five, the four weeks ended June 3, 2007, were $37.6 million compared to $41.4 million for the four weeks ended May 28, 2006, a decrease of 9.2%. Excluding results from the Michigan cluster, total revenues decreased 7.9% as compared to the prior year period.

Total advertising revenues for Period Five in 2007, from continuing operations, were $29.0 million compared to $32.8 million for Period Five in 2006, a decrease of 11.5%.

Senior Vice President and Chief Financial Officer Julie A. Beck said, "Our unsatisfactory revenue results for Period Five reflect the difficult advertising market across all categories, generally, and the transitioning economies in two of our clusters - Michigan and Greater Cleveland. We are encouraged by the improvement in automotive advertising, which had the best performance trend of the year and by our continued growth in online revenue."

You May Also Be Interested In

• Charlie's Holdings names Henry Sicignano CEO amid leadership shift
• Goldman Sachs reiterates buy rating on Samsung and SK Hynix, comments on price declines
• Wolfe Research on SpaceX (SPCX): 'Strong sales driven by AI; commentary good and what we expected'