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Journal Communications' Board Increases Dividend 15%; Sets Annual Meeting Date

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MILWAUKEE--(BUSINESS WIRE)--Feb. 13, 2007--The Board of Directors of Journal Communications, Inc. (NYSE:JRN) today increased the company's quarterly dividend on its class A and class B shares by 15%, from $0.065 to $0.075 per share. The quarterly dividend will be paid on March 2, 2007 to shareholders of record as of the close of business on February 20, 2007. The board made the declaration at its regularly scheduled meeting on February 13.

"Today's dividend increase reflects Journal Communications' strong cash flow and financial position, and underscores its commitment to building shareholder value," said Steven J. Smith, chairman and chief executive officer of Journal Communications.

The board also set the date for Journal Communications' Annual Meeting of Shareholders, scheduled for Thursday, May 3, 2007, at 9:00 a.m. Central Time. The meeting will be held at the Hyatt Regency Milwaukee in Milwaukee, Wisconsin. All shareholders of record as of the close of business on February 28, 2007, will be eligible to vote at the Annual Meeting of Shareholders.

About Journal Communications

Journal Communications, Inc., headquartered in Milwaukee, Wisconsin, was founded in 1882. We are a diversified media and communications company with operations in publishing, radio and television broadcasting, telecommunications and printing services. We publish the Milwaukee Journal Sentinel, which serves as the only major daily newspaper for the Milwaukee metropolitan area, and 75 community newspapers and shoppers in eight states. We own and operate 36 radio stations and nine television stations in 12 states and operate two television stations under local marketing agreements. Through our telecommunications segment, we own and operate a regional fiber optic network in the upper Midwest, provide integrated data communications solutions for small and mid-size businesses and offer network transmission solutions for other service providers. We have entered into a stock purchase agreement under which Q-Comm Corporation is expected to acquire our telecommunications business. We also provide a wide range of commercial printing services - including printing of publications, professional journals and documentation material - as well as electronic publishing, kit assembly and fulfillment. In addition, we operate a direct marketing services business.

CONTACT: Journal Communications, Inc.
Sara Leuchter Wilkins, 414-224-2633
Director of Investor Relations

SOURCE: Journal Communications, Inc.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Journal Communications, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.