Journal Communications (JRN) Tops Q4 EPS by 8c
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Journal Communications Reports Fourth Quarter and Full Year 2014 Results
March 12, 2015 8:01 AM EDTMILWAUKEE--(BUSINESS WIRE)-- Journal Communications, Inc. (NYSE: JRN):
Fourth Quarter 2014 Highlights and Changes from Fourth Quarter 2013:
Revenue of $122.0 million, up 13.6%; up 11.1% excluding the fiscal year change. Television revenue of $60.0 million, up 32.9%; up 29.9% excluding the fiscal year change. Radio revenue of $22.1 million, up 7.7%; up 5.5% excluding the fiscal year change. Television retransmission revenue of $9.8 million, up 65.2%; up 60.0% excluding the fiscal year change. Political revenue of $11.9 million compared to $0.4 million in 2013. Publishing revenue of $40.0 million, down 4.3%;... MoreScripps, Journal Communications Receive Shareholder Approvals for Mergers, Spinoffs
March 11, 2015 1:09 PM EDTCINCINNATI--(BUSINESS WIRE)-- In separately held meetings today, The E.W. Scripps Company (NYSE: SSP) and Journal Communications (NYSE: JRN) received approval from their shareholders for their proposed spinoffs and mergers.
Upon closing of the transactions, Scripps and Journal will merge their broadcast operations, creating an expanded Scripps, while simultaneously spinning off and merging their newspaper operations to form a new publicly traded company called Journal Media Group.
The transactions are expected to close early in the second quarter of 2015. The merged broadcast and... More
