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"Journal Sentinel continues its restructuring initiative to align employee costs with revenue. In spite of a significant workforce reduction charge, Journal Sentinel was profitable in the quarter.

"Although the advertising environment remains challenged, we did see some improvements in broadcast revenues as the quarter progressed. We also signed two significant long term printing contracts with publishing customers, as we continue to capitalize on our Journal Sentinel production facility.

"We expect to see modest improvement in advertising expenditures as we enter the fourth quarter, yet our focus on expense and debt reduction will continue."

Third Quarter 2009 Results

Note that unless otherwise indicated, all comparisons are to the third quarter ended September 28, 2008.

For the third quarter, revenue of $105.1 million decreased 22.9% compared to $136.3 million. Operating earnings of $3.7 million included a $4.3 million charge for workforce reductions in the quarter and a $0.8 million increase in a sales and use tax reserve. Excluding these two items and a $38.8 million non-cash impairment charge for broadcast licenses and a $3.7 million charge for workforce reductions, both in the third quarter last year, operating earnings of $8.8 million compared to $15.5 million, a decrease of 42.9%. The net earnings of $1.8 million compares to a net loss of $17.1 million.

In the third quarter 2009, basic and diluted net earnings per share of class A and B common stock were $0.02 for both. Excluding the impact of the $2.6 million after-tax charge for workforce reductions and the $0.5 million after-tax impact of the increase in a sales and use tax reserve, basic and diluted net earnings per share of class A and B common stock were $0.08 for both. This compared to net loss per share of $0.35 for both in 2008. Excluding the impact of the $23.5 million after-tax non-cash impairment charge and the $2.4 million after-tax workforce reduction charge, basic and diluted net earnings per share of class A and B common stock were $0.16 for both.

EBITDA (net earnings (loss) excluding the gain/loss from discontinued operations, net; total other expense, net; provision (benefit) for income taxes; depreciation; amortization; and non-cash impairment charges) of $10.7 million decreased 44.0% compared to $19.1 million.

The operating margin was 3.5% this year. Excluding the charge for workforce reductions and the increase in a sales and use tax reserve this year and the non-cash impairment charge and the charge for workforce reductions last year, the operating margin was 8.4% compared to 11.4%.

Consolidated and Segment Results

The following table presents our total revenue and operating earnings (loss) by segment for the third quarter of 2009 and the third quarter of 2008:

                                  2009        2008        % Change
Revenue:
Publishing                        $ 46.5      $ 59.5      (21.8 )
Broadcasting                        42.4        54.0      (21.4 )
Printing services                   11.1        16.1      (31.1 )
Other                               5.1         6.7       (24.8 )
Total revenue                     $ 105.1     $ 136.3     (22.9 )
Operating earnings (loss):
Publishing                        $ 0.7       $ 1.1       (40.3 )
Broadcasting (after impairment)     3.7         (29.1 )   n/a
Printing services                   (0.8  )     0.8       n/a
Other                               0.1         0.2       (52.2 )
Total operating earnings (loss)   $ 3.7       $ (27.0 )   n/a
Broadcast license impairment      $ --        $ (38.8 )   n/a

Overall, total operating expenses of $101.4 million decreased 37.9% compared to $163.2 million. Excluding the workforce reduction charge and the increase in the sales and use tax reserve in the third quarter 2009 and the non-cash impairment charge and the workforce reduction charge in the third quarter 2008, total operating expenses were $96.2 million, a reduction of 20.3% primarily driven by workforce reduction initiatives, employee benefit reductions and wage reductions implemented early in 2009 and reduced expenses related to revenue declines.

Publishing

For the third quarter, publishing revenue decreased 21.8% to $46.5 million compared to $59.5 million, largely due to continued weakness in all advertising categories. Operating earnings from publishing of $0.7 million decreased 40.3% compared to $1.1 million. Total newsprint expense in publishing was $3.2 million compared to $6.6 million, a 51.6% decrease due to a reduction in the price per ton of newsprint and reduced consumption.

Revenue at the daily newspaper for the third quarter decreased 23.4% to $38.4 million compared to $50.1 million. Classified advertising revenue decreased 48.7% largely due to decreases in the employment, automotive and real estate advertising categories while retail advertising revenue decreased 22.3%. Interactive advertising revenue at the daily newspaper decreased 36.8% to $2.4 million compared to $3.8 million, primarily due to a decline in automotive and employment online classified advertising. Operating earnings from the daily newspaper were $0.1 million compared to $0.9 million. Daily newspaper operating expenses were down 22.1% primarily due to the reduction in employee related costs and newsprint expense and other cost reduction initiatives partially offset by a $0.8 million increase in a sales and use tax reserve. The charges for workforce reductions were $3.8 million and $3.7 million in the third quarter 2009 and 2008, respectively.

Community newspapers and shoppers revenue for the third quarter decreased 13.5% to $8.1 million compared to $9.4 million. The decrease was primarily due to declines in automotive and real estate retail and classified advertising revenue and was partially offset by $1.1 million in revenue from recent acquisitions. Operating earnings from community newspapers and shoppers were $0.6 million, an increase of $0.4 million primarily from the earnings from recent acquisitions. Operating expenses were down 18.0% primarily due to cost savings from previous workforce reductions and production efficiency initiatives and a decrease in newsprint expense partially offset by expenses relating to acquisitions during 2008.

Broadcasting

For the third quarter, broadcasting revenue decreased 21.4% to $42.4 million compared to $54.0 million. Local advertising revenue decreased 13.2% and national advertising revenue decreased 25.3%. Total broadcast political and issue advertising revenue was $0.6 million compared to $3.4 million. Retransmission revenue was $1.2 million compared to $0.4 million. Broadcasting operating earnings were $3.7 million compared to an operating loss of $29.1 million, which included a $38.8 million non-cash impairment charge for broadcast licenses.

Revenue from television stations for the third quarter decreased 24.1% to $24.5 million compared to $32.3 million. Television political and issue advertising revenue was $0.5 million compared to $3.2 million. The operating results from television stations were essentially breakeven compared to an operating loss of $17.0 million which included a $21.1 million non-cash impairment charge for television broadcast licenses. Television operating expenses (including KNIN-TV acquired in April 2009 but excluding the non-cash impairment charge in 2008) were down 13.2% compared to last year due to the reduction in employee related costs and other cost reduction initiatives.

For the third quarter, revenue from radio stations of $17.9 million was down 17.3% compared to $21.7 million. Operating earnings from radio stations were $3.7 million compared to an operating loss of $12.1 million which included a $17.7 million non-cash impairment charge for radio broadcast licenses. Excluding the non-cash impairment charge last year, operating earnings of $3.7 million decreased 34.8% compared to $5.6 million. The decline in operating earnings were due to declines in revenue partially offset by an 11.2% decrease in radio operating expenses from the reduction in employee related costs and other cost saving initiatives offset by a gain on the sale of two Boise radio stations.

Printing Services

For the third quarter, revenue from printing services decreased 31.1% to $11.1 million compared to $16.1 million due to a general overall decline in sales from all printing segments. The operating loss from printing services of $0.8 million compared to operating earnings of $0.8 million, primarily due to the decline in revenue, partially offset by employee related cost reduction initiatives.

Other (Direct Marketing and Corporate)

For the third quarter, revenue for "Other" of $5.1 million decreased 24.8% compared to revenue of $6.7 million primarily in our mailing services business. "Other" operating earnings were $0.1 million compared $0.2 million, a decrease of 52.2%.

Non-Operating Items

For the third quarter, other expense, which primarily consists of interest expense, was $0.6 million compared to $1.9 million. Interest expense decreased due to a decline in both the average borrowings during the quarter and the interest rate on our borrowings.

The third quarter effective tax rate was 39.8%.

Debt and Cash Flows

At the end of the third quarter, our debt of $172.2 million represented 3.30 times the trailing four quarters of EBITDA. During the first three quarters of 2009, debt was reduced by $42.9 million. Year to date cash from operating activities was $54.0 million compared to $45.9 million, an increase of $8.1 million primarily due to an $8.7 million income tax refund in the settlement of an income tax assessment. Capital expenditures were $5.5 million compared to $15.1 million. There were no share repurchases in 2009 compared to $44.8 million. Dividends paid to shareholders were $1.5 million compared to $14.0 million.

Fourth Quarter 2009 Outlook

For the fourth quarter of 2009, the Company currently anticipates that its publishing, television and radio revenues will be down compared to the prior year period, reflecting continued challenges across its businesses.

Conference Call and Webcast

The company will hold an earnings conference call today at 10:00 a.m. Central Time (11:00 a.m. ET, 8:00 a.m. PT). To access the call, dial (888) 680-0860 (domestic) or (617) 213-4852 (international) at least 10 minutes prior to the scheduled start of the call. The access code for the conference call is 44489974. A live webcast of the third quarter conference call will be accessible through the Journal Communications' website at www.journalcommunications.com/investors, also beginning at 10:00 a.m. CT this morning. An archive of the webcast will be available on this site today through November 3, 2009. Replays of the conference call will be available October 20 through October 23. To hear the replay, dial (888) 286-8010 (domestic) or (617) 801-6888 (international) at least one hour after the completion of the call. The access code for the replay is 49170088. Pre-registration for the conference call is now available at www.journalcommunications.com/investors.

Forward-looking Statements

This press release contains certain forward-looking statements related to our businesses that are based on our current expectations. Forward-looking statements are subject to certain risks, trends and uncertainties, including changes in advertising demand and other economic conditions that could cause actual results to differ materially from the expectations expressed in forward-looking statements. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. Our written policy on forward-looking statements can be found in our most recent Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission.

About Journal Communications

Journal Communications, Inc., headquartered in Milwaukee, Wisconsin, was founded in 1882. We are a diversified media company with operations in publishing, radio and television broadcasting, interactive media and printing services. We publish the Milwaukee Journal Sentinel, which serves as the only major daily newspaper for the Milwaukee metropolitan area, and more than 50 community newspapers and shoppers in Wisconsin and Florida. We own and operate 33 radio stations and 13 television stations in 12 states and operate an additional television station under a local marketing agreement. Our interactive media assets include about 120 online enterprises that are associated with our daily and community newspapers and television and radio stations. We also provide a wide range of commercial printing services -- including printing of publications, professional journals and documentation material -- and operate a direct marketing services business.

Tables Follow

Journal Communications, Inc.
Consolidated Statements of Operations (unaudited)
(dollars in thousands, except for shares and per-share amounts)
                                                                Third Quarter (A)                               Three Quarters (B)
                                                                2009              2008              % Change    2009              2008              % Change
Revenue:
Publishing                                                      $  46,479         $  59,452         (21.8 )     $  144,036        $  181,997        (20.9  )
Broadcasting                                                       42,453            53,994         (21.4 )        125,410           156,790        (20.0  )
Printing services                                                  11,086            16,099         (31.1 )        36,621            49,395         (25.9  )
Other                                                              5,059             6,725          (24.8 )        15,273            22,443         (31.9  )
Total revenue                                                      105,077           136,270        (22.9 )        321,340           410,625        (21.7  )
Operating costs and expenses:
Publishing                                                         27,316            35,405         (22.8 )        86,387            103,454        (16.5  )
Broadcasting                                                       24,098            26,565         (9.3  )        67,333            75,455         (10.8  )
Printing services                                                  9,957             13,396         (25.7 )        32,216            41,027         (21.5  )
Other                                                              4,485             5,781          (22.4 )        13,488            18,971         (28.9  )
Total operating costs and expenses                                 65,856            81,147         (18.8 )        199,424           238,907        (16.5  )
Selling and administrative expenses                                35,542            43,313         (17.9 )        109,879           130,700        (15.9  )
Broadcast license impairment                                       -                 38,762         N/A            18,975            38,762         (51.0  )
Total operating costs and expenses
and selling and administrative
expenses                                                           101,398           163,222        (37.9 )        328,278           408,369        (19.6  )
Operating earnings (loss)                                          3,679             (26,952    )   N/A            (6,938     )      2,256          N/A
Other income and (expense):
Interest income                                                    -                 -                             -                 2
Interest expense                                                   (645       )      (1,940     )                  (2,194     )      (6,103     )
Total other income and (expense)                                   (645       )      (1,940     )   (66.8 )        (2,194     )      (6,101     )   (64.0  )
Earnings (loss) from continuing operations before income taxes     3,034             (28,892    )   N/A            (9,132     )      (3,845     )   (337.5 )
Provision (benefit) for income taxes                               1,209             (11,791    )   N/A            (6,246     )      (2,038     )   N/A
Earnings from continuing operations                                1,825             (17,101    )   N/A            (2,886     )      (1,807     )   (59.7  )
Gain from discontinued operations, net of tax                      -                 -              N/A            -                 400            N/A
Net earnings (loss)                                             $  1,825          $  (17,101    )   N/A         $  (2,886     )   $  (1,407     )   (105.1 )
Weighted average number of shares-Class A and B common stock:
Basic                                                              50,499,814        50,433,397                    50,362,904        52,502,384
Diluted                                                            50,499,814        50,447,059                    50,362,904        52,518,832
Weighted average number of shares-Class C common stock             3,264,000         3,264,000                     3,264,000         3,264,000
Earnings (loss) per share:
Basic - Class A and B common stock:
Continuing operations                                           $  0.02           $  (0.35      )               $  (0.08      )   $  (0.06      )
Discontinued operations                                            -                 -                             -                 0.01
Net earnings (loss)                                             $  0.02           $  (0.35      )               $  (0.08      )   $  (0.05      )
Diluted - Class A and B common stock:
Continuing operations                                           $  0.02           $  (0.35      )               $  (0.08      )   $  (0.06      )
Discontinued operations                       -         -               -            0.01
Net earnings (loss)                        $  0.02   $  (0.35 )      $  (0.08 )   $  (0.05 )
Basic and diluted - Class C common stock:
Continuing operations                      $  0.17   $  0.14         $  0.43      $  0.42
Discontinued operations                       -         -               -            0.01
Net earnings                               $  0.17   $  0.14         $  0.43      $  0.43
(A) 2009 third quarter: June 29, 2009 to September 27, 2009.
2008 third quarter: June 30, 2008 to September 28, 2008.
(B) 2009 three quarters: December 29, 2009 to September 27, 2009.
2008 three quarters: December 31, 2007 to September 28, 2008.

Journal Communications, Inc.
Segment Information (unaudited)
(dollars in thousands)
                               Third Quarter (A)                         Three Quarters (B)
                               2009           2008           % Change    2009           2008           % Change
Revenue
Publishing                     $  46,479      $  59,452      (21.8 )     $  144,036     $  181,997     (20.9 )
Broadcasting                      42,453         53,994      (21.4 )        125,410        156,790     (20.0 )
Printing services                 11,086         16,099      (31.1 )        36,621         49,395      (25.9 )
Other                             5,059          6,725       (24.8 )        15,273         22,443      (31.9 )
                               $  105,077     $  136,270     (22.9 )     $  321,340     $  410,625     (21.7 )
Operating earnings (loss)
Publishing                     $  680         $  1,139       (40.3 )     $  2,378       $  11,132      (78.6 )
Broadcasting                      3,651          (29,110 )   N/A            (8,190  )      (12,264 )   33.2
Printing services                 (750    )      814         N/A            (1,157  )      2,392       N/A
Other                             98             205         (52.2 )        31             996         (96.9 )
                               $  3,679       $  (26,952 )   N/A         $  (6,938  )   $  2,256       N/A
Broadcast license impairment   $  -           $  38,762      N/A         $  18,975      $  38,762      (51.0 )
Depreciation and amortization
Publishing                     $  3,016       $  3,132       (3.7  )     $  9,094       $  9,564       (4.9  )
Broadcasting                      3,253          3,406       (4.5  )        9,955          10,050      (0.9  )
Printing services                 531            579         (8.3  )        1,581          1,730       (8.6  )
Other                             241            215         12.1           742            649         14.3
                               $  7,041       $  7,332       (4.0  )     $  21,372      $  21,993      (2.8  )
(A) 2009 third quarter: June 29, 2009 to September 27, 2009.
2008 third quarter: June 30, 2008 to September 28, 2008.
(B) 2009 three quarters: December 29, 2009 to September 27, 2009.
2008 three quarters: December 31, 2007 to September 28, 2008.

Journal Communications, Inc.
Publishing and Broadcasting Segment Information (unaudited)
(dollars in thousands)
                              Third Quarter of 2009 (A)                    Third Quarter of 2008 (B)
Publishing:                                    Community                                    Community
                              Daily            Newspapers                  Daily            Newspapers                      % Change    % Change    % Change
                              Newspaper        & Shoppers    Total         Newspaper        & Shoppers       Total          Daily       CN&S        Total
Advertising revenue:
Retail                        $   15,675       $     5,452   $  21,127     $   20,173       $   6,589        $  26,762      (22.3 )     (17.3 )     (21.1 )
Classified                        5,679              1,377      7,056          11,070           1,523           12,593      (48.7 )     (9.6  )     (44.0 )
National                          989                --         989            1,737            --              1,737       (43.1 )     N/A         (43.1 )
Direct Marketing                  82                 --         82             697              --              697         (88.2 )     N/A         (88.2 )
Other                             --                 37         37             --               88              88          N/A         (58.0 )     (58.0 )
Total advertising revenue         22,425             6,866      29,291         33,677           8,200           41,877      (33.4 )     (16.3 )     (30.1 )
Circulation revenue               12,858             528        13,386         12,883           271             13,154      (0.2  )     94.8        1.8
Other revenue                     3,097              705        3,802          3,530            891             4,421       (12.3 )     (20.9 )     (14.0 )
Total revenue                 $   38,380       $     8,099   $  46,479     $   50,090       $   9,362        $  59,452      (23.4 )     (13.5 )     (21.8 )
Operating earnings            $   85           $     595     $  680        $   928          $   211          $  1,139       (90.8 )     182.0       (40.3 )
Broadcasting:                                                                                                               % Change    % Change    % Change
                              Television       Radio         Total         Television       Radio            Total          Television  Radio       Total
Revenue                       $   24,492       $     17,961  $  42,453     $   32,269       $   21,725       $  53,994      (24.1 )     (17.3 )     (21.4 )
Operating earnings (loss)     $   (23     )    $     3,674   $  3,651      $   (17,039 )    $   (12,071 )    $  (29,110 )   99.9        N/A         N/A
Broadcast license impairment  $   -            $     -       $  -          $   21,060       $   17,702       $  38,762
Adjusted operating earnings   $   (23     )    $     3,674   $  3,651      $   4,021        $   5,631        $  9,652       N/A         (34.8 )     (62.2 )
                              Three Quarters of 2009 (C)                   Three Quarters of 2008 (D)
Publishing:                                    Community                                    Community
                              Daily            Newspapers                  Daily            Newspapers                      % Change    % Change    % Change
                              Newspaper        & Shoppers    Total         Newspaper        & Shoppers       Total          Daily       CN&S        Total
Advertising revenue:
Retail                        $   47,615       $     17,963  $  65,578     $   61,359       $   20,668       $  82,027      (22.4 )     (13.1 )     (20.1 )
Classified                        17,109             4,065      21,174         35,463           4,286           39,749      (51.8 )     (5.2  )     (46.7 )
National                          3,583              --         3,583          5,257            --              5,257       (31.8 )     N/A         (31.8 )
Direct Marketing                  543                --         543            2,335            --              2,335       (76.7 )     N/A         (76.7 )
Other                             --                 183        183                             283             283         N/A         (35.3 )     (35.3 )
Total advertising revenue         68,850             22,211     91,061         104,414          25,237          129,651     (34.1 )     (12.0 )     (29.8 )
Circulation revenue               38,216             1,540      39,756         37,720           811             38,531      1.3         89.9        3.2
Other revenue                     10,880             2,339      13,219         11,255           2,560           13,815      (3.3  )     (8.6  )     (4.3  )
Total revenue                 $   117,946      $     26,090  $  144,036    $   153,389      $   28,608       $  181,997     (23.1 )     (8.8  )     (20.9 )
Operating earnings            $   1,595        $     783     $  2,378      $   10,877       $   255          $  11,132      (85.3 )     207.1       (78.6 )
Broadcasting:                                                                                                               % Change    % Change    % Change
                              Television       Radio         Total         Television       Radio            Total          Television  Radio       Total
Revenue                       $ 77,099     $ 48,311  $ 125,410     $ 97,205    $ 59,585    $ 156,790    (20.7 )  (18.9 )  (20.0 )
Operating earnings (loss)     $ (13,343 )  $ 5,153   $ (8,190  )   $ (8,828 )  $ (3,436 )  $ (12,264 )  (51.1 )  N/A      33.2
Broadcast license impairment  $ 14,845     $ 4,130   $ 18,975      $ 21,060    $ 17,702    $ 38,762
Adjusted operating earnings   $ 1,502      $ 9,283   $ 10,785      $ 12,232    $ 14,266    $ 26,498     (87.7 )  (34.9 )  (59.3 )
(A) 2009 third quarter: June 29, 2009 to September 27, 2009.
(B) 2008 third quarter: June 30, 2008 to September 28, 2008.
(C) 2009 three quarters: December 29, 2009 to September 27, 2009.
(D) 2008 three quarters: December 31, 2007 to September 28, 2008.
NOTE:
Publishing and broadcasting segment information is provided to
facilitate comparison of our publishing and broadcasting segments
results with those of other publishing and braodcasting companies
and is not representative of the overall business of Journal
Communications or its operating results.

Journal Communications, Inc.
Reconciliation of consolidated net earnings (loss) to consolidated
EBITDA (unaudited)
(dollars in thousands)
                                        Third Quarter (A)               Three Quarters (B)
                                        2009         2008               2009              2008
Net earnings (loss)                     $    1,825   $    (17,101 )     $    (2,886 )     $    (1,407 )
Gain from discontinued operations, net       -            -                  -                 (400   )
Provision (benefit) for income taxes         1,209        (11,791 )          (6,246 )          (2,038 )
Total other expense, net                     645          1,940              2,194             6,101
Depreciation                                 6,547        6,812              19,891            20,477
Amortization                                 494          520                1,481             1,516
Broadcast license impairment                 -            38,762             18,975            38,762
EBITDA                                  $    10,720  $    19,142        $    33,409       $    63,011
(A) 2009 third quarter: June 29, 2009 to September 27, 2009.
2008 third quarter: June 30, 2008 to September 28, 2008.
(B) 2009 three quarters: December 29, 2009 to September 27, 2009.
2008 three quarters: December 31, 2007 to September 28, 2008.
We define EBITDA as net earnings (loss) excluding gain/loss from
discontinued operations, net, provision (benefit) for income
taxes, total other expense (which is entirely comprised of interest
income and expense), depreciation, amortization and, if any,
non-cash impairment charges. Our management uses EBITDA, among
other things, to evaluate our operating performance, and to
value prospective acquisitions. EBITDA is not a measure of
performance calculated in accordance with accounting
principles generally accepted in the United States. EBITDA should
not be considered in isolation of, or
as a substitute for, net earnings as an indicator of operating
performance or cash flows from operating activities as
a measure of liquidity. EBITDA, as we calculate it, may not be
comparable to EBITDA reported by other companies.

Journal Communications, Inc.
Consolidated Condensed Balance Sheets
(dollars in thousands)
                                            September 27,
                                            2009                 December 28,
                                            (unaudited)          2008
ASSETS
Current assets:
Cash and cash equivalents                   $         3,425      $      4,040
Receivables, net                                      61,201            79,418
Inventories, net                                      3,324             5,935
Prepaid expenses and other current assets             12,081            4,472
Syndicated programs                                   10,123            11,088
Deferred income taxes                                 4,398             4,869
Total current assets                                  94,552            109,822
Property and equipment, net                           206,788           221,158
Syndicated programs                                   4,195             3,091
Goodwill                                              9,098             4,285
Broadcast licenses                                    82,920            101,120
Other intangible assets, net                          25,470            26,706
Deferred income taxes                                 64,346            64,420
Other assets                                          1,598             11,997
Total assets                                $         488,967    $      542,599
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable                            $         23,735     $      23,582
Accrued compensation                                  11,417            15,046
Accrued employee benefits                             6,535             7,214
Deferred revenue                                      16,218            15,001
Syndicated programs                                   12,784            12,348
Accrued income taxes                                  134               43
Other current liabilities                             7,930             6,668
Current portion of long-term liabilities              575               1,609
Total current liabilities                             79,328            81,511
Accrued employee benefits                             62,178            64,620
Syndicated programs                                   7,415             7,871
Long-term notes payable to banks                      172,225           215,090
Other long-term liabilities                           2,485             5,445
Shareholders' equity                                  165,336           168,062
Total liabilities and shareholders' equity  $         488,967    $      542,599

SOURCE: Journal Communications, Inc.

Journal Communications, Inc. 
Andre Fernandez 
Executive Vice President, Finance & Strategy 
and Chief Financial Officer 
414-224-2884

"Doug has had a terrific career at our company including radio and television station management as well as corporate duties working with other Journal Communications companies," said Steven J. Smith, Chairman and Chief Executive Officer. "I would like to take this opportunity to thank Doug for his dedication to Journal Communications, for sharing his expertise and talent in both radio and television, and for his years of being a wonderful professional colleague and friend. Doug and the entire Journal Broadcast Group team have done a great job building our local market business across the country. The commitment to excellence and community service will continue and is a legacy of Doug's service."

After Kiel retires, Smith will assume leadership of the group for the foreseeable future.

"We are fortunate to have a very talented cadre of regional and market leaders within our Broadcast Group, and I look forward to working even more closely with all of them," said Smith.

Kiel joined Journal Communications in 1987 as Vice President and General Manager of WKTI-FM. During his career he also managed WTMJ TV and assumed responsibility for the Broadcast Group in 1992. He became President of Journal Communications in 1998. During his tenure, Journal Broadcast Group experienced significant growth, including the purchase of the Great Empire Broadcasting Radio Group, Desert Empire Television and three Emmis Communications television stations. Kiel also added stations in a number of Journal markets to leverage existing investments.

Journal Broadcast Group owns and operates 33 radio stations and 13 television stations in 12 states and operates an additional television station under a local marketing agreement. Headquartered in Milwaukee, Wisconsin, it is the broadcast business of Journal Communications, a diversified media company with operations in publishing, radio and television broadcasting, interactive media and printing services.

((Comments on this story may be sent to newsdesk@closeupmedia.com))

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