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Journal Communications Inc. Message Board

  • s5tuck s5tuck May 12, 2005 1:48 PM Flag

    Perhaps more TV buys?

    This will make Pops really happy. The company is "interested" in buying more TV stations in markets they have radio properties.
    Link:
    http://www.jsonline.com/bym/news/may05/325066.asp

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    • out,What happened to those days????????????Now are stock price goes down.With the Excutives getting there Golden Parachutes.Its no wonder the Retired Shareholders couldnt EVEN VOTE on going public.

    • They actually never really had much debt. The last big expenditure was the new printing plant, and they mostly paid that off quickly, with the nice cash from operations. I remember the last open stock purchase, near the end of the ramp-up, and the paper group employees bought every last share, which then put the hold on sales for awile until the treasury had enough to sell. I think that was 2001? And then 2002 was my last purchase. I bought everything I could, maxing out my equity to max out my loan. But the Journal has always been extremely frugal. Months would go by after submission of a Cap App before I would even get an answer from my division, and then it would go to HQ for review. Unless I could show a strong reason and fast payback, we could not get the things we asked for.

    • stuck,There is another Media company EMMS.They are big into Radio and TV.They went public about the same time as us.There owner is buying back 40% of the stock.He is selling ALL of his TV stations.EMMS is the stock symbol check out the news from last week.Hes a smart guy.Dumping the TV Station.

      • 2 Replies to sunrisepop46
      • stuck,There is another Media company EMMS.They are big into Radio and TV.They went public about the same time as us.There owner is buying back 40% of the stock.He is selling ALL of his TV stations.EMMS is the stock symbol check out the news from last week.Hes a smart guy.Dumping the TV Station.


        I think he is selling because of their debt load. 1.2B in debt. losing money... He is a smart man!!

        JRN is around 20m in debt. making money.(granted not as much as we would all like)

        I don't think you can compair these two companies. I would rather be in jrn than emms.

      • Pops,
        I haven't really studied them, but a brief look shows they have been a public CO. since 1995. Since mid-02 they haven't really done much in the way of price. They're stuck around $20, give or take.