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MILWAUKEE--(BUSINESS WIRE)--Feb. 10, 2009--
The Board of Directors of Journal Communications, Inc. (NYSE:JRN) has
declared a quarterly dividend of $0.02 per share on all of the company’s
class A and class B shares held of record as of the close of business on
February 24, 2009. The quarterly dividend will be paid on March 6, 2009.
“The Board made the decision to reduce the dividend in order to help
maintain financial flexibility in this difficult economic environment,”
said Steven J. Smith, chairman of Journal Communications. “Given the
uncertain economic outlook, we believe that this action will allow the
company to direct a greater portion of our cash flow to debt reduction.”
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 35 radio stations and 12
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.
Source: Journal Communications, Inc.
Journal Communications, Inc.
President, Finance & Strategy
and Chief Financial Officer