Attached files
| file | filename |
|---|---|
| 8-K - JOURNAL COMMUNICATIONS, INC. 8-K - JOURNAL COMMUNICATIONS INC | a6634552.htm |
| EX-99.3 - EXHIBIT 99.3 - JOURNAL COMMUNICATIONS INC | a6634552ex99-3.htm |
| EX-99.2 - EXHIBIT 99.2 - JOURNAL COMMUNICATIONS INC | a6634552ex99-2.htm |
Exhibit 99.1
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Journal Communications, Inc.
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Consolidated Statements of Earnings (unaudited)
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(dollars in thousands, except for shares and per-share amounts)
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2010 Quarters
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2010
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First
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Second
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Third
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Fourth
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Fiscal Year
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Revenue:
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Publishing
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$ | 44,552 | $ | 47,386 | $ | 43,439 | $ | 47,422 | $ | 182,799 | ||||||||||
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Broadcasting
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42,605 | 47,012 | 48,482 | 56,266 | 194,365 | |||||||||||||||
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Coporate eliminations
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(220 | ) | (79 | ) | (104 | ) | (2 | ) | (405 | ) | ||||||||||
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Total revenue
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86,937 | 94,319 | 91,817 | 103,686 | 376,759 | |||||||||||||||
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Operating costs and expenses:
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Publishing
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29,134 | 28,734 | 28,802 | 30,404 | 117,074 | |||||||||||||||
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Broadcasting
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21,596 | 22,300 | 24,502 | 22,620 | 91,018 | |||||||||||||||
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Coporate eliminations
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(220 | ) | (79 | ) | (104 | ) | (2 | ) | (405 | ) | ||||||||||
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Total operating costs and expenses
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50,510 | 50,955 | 53,200 | 53,022 | 207,687 | |||||||||||||||
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Selling and administrative expenses
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27,067 | 29,589 | 27,541 | 31,851 | 116,048 | |||||||||||||||
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Total operating costs and expenses
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and selling and administrative
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expenses
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77,577 | 80,544 | 80,741 | 84,873 | 323,735 | |||||||||||||||
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Operating earnings
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9,360 | 13,775 | 11,076 | 18,813 | 53,024 | |||||||||||||||
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Other income and (expense):
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Interest income and dividends
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8 | 25 | 25 | 23 | 81 | |||||||||||||||
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Interest expense
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(562 | ) | (544 | ) | (996 | ) | (1,260 | ) | (3,362 | ) | ||||||||||
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Total other income and (expense)
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(554 | ) | (519 | ) | (971 | ) | (1,237 | ) | (3,281 | ) | ||||||||||
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Earnings from continuing operations before income taxes
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8,806 | 13,256 | 10,105 | 17,576 | 49,743 | |||||||||||||||
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Provision for income taxes
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3,546 | 5,332 | 3,782 | 6,405 | 19,065 | |||||||||||||||
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Earnings from continuing operations
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5,260 | 7,924 | 6,323 | 11,171 | 30,678 | |||||||||||||||
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Gain (loss) from discontinued operations, net of tax
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43 | 176 | (28 | ) | 3,512 | 3,703 | ||||||||||||||
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Net Earnings
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$ | 5,303 | $ | 8,100 | $ | 6,295 | $ | 14,683 | $ | 34,381 | ||||||||||
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Weighted average number of shares-Class A
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and B common stock:
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Basic and diluted
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50,533,055 | 50,784,350 | 50,866,367 | 50,889,957 | 50,789,029 | |||||||||||||||
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Weighted average number of shares-Class C
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common stock
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3,264,000 | 3,264,000 | 3,264,000 | 3,264,000 | 3,264,000 | |||||||||||||||
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Earnings per share:
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Basic - Class A and B common stock:
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Continuing operations
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$ | 0.09 | $ | 0.14 | $ | 0.11 | $ | 0.20 | $ | 0.52 | ||||||||||
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Discontinued operations
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-- | -- | -- | 0.06 | 0.07 | |||||||||||||||
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Net earnings
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$ | 0.09 | $ | 0.14 | $ | 0.11 | $ | 0.26 | $ | 0.59 | ||||||||||
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Diluted - Class A and B common stock:
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Continuing operations
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$ | 0.09 | $ | 0.14 | $ | 0.11 | $ | 0.20 | $ | 0.52 | ||||||||||
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Discontinued operations
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-- | -- | -- | 0.06 | 0.07 | |||||||||||||||
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Net earnings
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$ | 0.09 | $ | 0.14 | $ | 0.11 | $ | 0.26 | $ | 0.59 | ||||||||||
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Basic and diluted - Class C common stock:
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Continuing operations
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$ | 0.23 | $ | 0.28 | $ | 0.25 | $ | 0.34 | $ | 1.09 | ||||||||||
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Discontinued operations
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-- | -- | -- | 0.06 | 0.07 | |||||||||||||||
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Net earnings
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$ | 0.23 | $ | 0.28 | $ | 0.25 | $ | 0.40 | $ | 1.16 | ||||||||||