4/26/2012
Journal properties were going in opposite directions in the first quarter as publishing reported a drop in revenue of 9%. That was slightly offset by an increase in the broadcast division of 5.4%, including a 1.5% from radio. Journal's radio properties were up $200,000 for the quarter to $14.9 million.
Political and issue advertising revenue was flat in the first quarter, hitting only $100K. Radio operating expenses decreased 3.4% primarily due to a charge recorded in 2011 for a sports contract that more than off-set employee related expense increases in 2012.
Journal owns and operates or provide programming and sales services to 35 radio stations and 14 television stations in 12 states. .
