MILWAUKEE (AP) -- Journal Communications Inc. saw its earnings drop 44 percent in the most recent quarter compared the same period last year.
The Milwaukee-based company said Thursday that it had a net income of $8.2 million in the fourth quarter, compared with $14.7 million in the same quarter of 2010.
The 2010 fourth quarter included a $3.5 million gain from the sale of discontinued operations.
Revenue decreased 8.3 percent, to $95 million from $103.7 million, in the fourth quarter. Broadcasting revenue decreased 9.4 percent and publishing revenue was down 6.9 percent.
In a statement, chairman and chief executive Steve Smith noted excluding political and issue advertising, broadcast revenue grew 7 percent due to the continued rebound in automotive advertising.
Journal Communications Inc. is the publisher of the Milwaukee Journal Sentinel, Wisconsin's largest newspaper.