Journal Communications, Inc. Declares Quarterly Dividend and Announces Additional Share Repurchase Authorization

2008-05-01 23:37:07 -

www.jc.com - The Board of Directors of Journal Communications, Inc., (NYSE:JRN) has declared a quarterly dividend of $0.08 per share on all of its class A and class B shares held of record as of the close of business on May 27, 2008. The quarterly dividend will be paid on June 6, 2008. The board made the declaration at its regularly scheduled meeting on May 1.

The Board of Directors also authorized the repurchase of up to five million additional shares of Journal Communications class A common stock over the next 18 months. Under the program, share purchases may be made at the discretion of the Company, from time to time, in the open market and/or in private transactions. Share purchases by the Company will depend on market conditions, share price, trading volume and other factors. The action supplements the five million share repurchase authorizations approved in February 2005, April 2006, May 2007, and October 2007. Through March 30, 2008, the Company had repurchased a total of 20,000,000 shares of common stock.

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 52 community newspapers and shoppers in Wisconsin and Florida. We own and operate 35 radio stations and 11 television stations in 12 states and operate one television station under a local marketing agreement. Our interactive media assets include more than 121 online enterprises that are associated with our daily and community newspapers, 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.

Journal Communications, Inc.
Paul M. Bonaiuto
Executive Vice President and
Chief Financial Officer
414-224-2728
pbonaiuto@journalcommunications.com