Andre J. Fernandez Named President; Steven J. Smith Remains Chairman
and CEO
MILWAUKEE--(BUSINESS WIRE)--Feb. 6, 2012--
Journal Communications, Inc. (NYSE:JRN) today announced that its board
has named Andre J. Fernandez President in addition to his role as Chief
Financial Officer. Steven J. Smith, who was President, will remain
Chairman and CEO.
“This additional title recognizes the significant role Andre plays on
our leadership team,” said Steven Smith. “He has been instrumental in
the continuing evolution of our business, the steady focus on building
our local media brands and the sustained investment in our digital
business. Andre has also helped us maintain our strong financial
disciplines which have led to Journal’s consistently improving balance
sheet. We look forward to Andre’s increased operational responsibilities
across the company.”
Andre Fernandez joined Journal Communications in October 2008 from NBC
Universal, where he was Senior Vice President, Chief Financial Officer
and Treasurer for Telemundo Communications Group, Inc since 2004. Prior
to Telemundo, he served in a number of financial leadership roles for GE
including: Chief Financial Officer & Controller for GE Latin America
based in Mexico City; Chief Financial Officer for GE Digital Energy in
Atlanta; Assistant Treasurer and Risk Manager-Latin America for GE
Corporate Treasury in Sao Paulo, Brazil; and Chief Financial Officer, GE
Capital Information Technology Solutions, also in Brazil.
Mr. Fernandez holds an AB in Economics from Harvard University. He also
serves on the Board of Directors of Froedtert Health, a regional
hospital system in southeastern Wisconsin.
Mr. Smith, who was named CEO in 1998, will continue to lead the company
as Chairman and CEO.
Forward-looking Statements
This press release may contain 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 on page 1 of our most recent Annual Report on
Form 10-K 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
radio and television broadcasting, publishing and interactive media. 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. We publish the Milwaukee Journal Sentinel,
which serves as the only major daily newspaper for the Milwaukee
metropolitan area, and several community newspapers and shoppers in
Wisconsin. Our interactive media assets build on our strong publishing
and broadcasting brands.
Source: Journal Communications, Inc.
Journal Communications, Inc.
Angela Lois
Director of Investor
Relations
(414) 224-2633
