Journal Communications (JRN) 8-K Other Events

Exhibit 99.1

Journal Communications, Inc.

Consolidated  Statements of Earnings  (unaudited)

(dollars in thousands, except for shares and per-share amounts)

	2009															2008
	First Quarter			Second Quaarter			Third Quarter			Fourth Quarter			Fiscal Year			Fiscal Year
Continuing Operations:
Revenue:
Publishing	$	48,124		$	49,433		$	46,479		$	50,160		$	194,196		$	241,972
Broadcasting		39,215			43,742			42,453			46,081			171,491			209,914
Printing services		14,295			11,240			11,086			11,628			48,249			65,201
Coporate eliminations		(112	)		(156	)		(60	)		(101	)		(429	)		(476	)
Total revenue		101,522			104,259			99,958			107,768			413,507			516,611
Operating costs and expenses:
Publishing		34,816			32,060			31,604			30,176			128,656			154,413
Broadcasting		23,501			21,911			25,231			22,256			92,899			104,586
Printing services		12,427			9,832			9,957			9,515			41,731			54,537
Coporate eliminations		(114	)		(168	)		(76	)		(106	)		(464	)		(570	)
Total operating costs and expenses		70,630			63,635			66,716			61,841			262,822			312,966
Selling and administrative expenses		31,298			31,105			29,191			28,230			119,824			150,324
Goodwill and broadcast license impairment		-			18,975			-			1,158			20,133			375,086
Total operating costs and expenses and selling and administrative expenses		101,928			113,715			95,907			91,229			402,779			838,376
Operating earnings (loss)		(406	)		(9,456	)		4,051			16,539			10,728			(321,765	)
Other income and expense:
Interest income and dividends		-			-			-			22			22			2
Interest expense		(812	)		(737	)		(645	)		(632	)		(2,826	)		(8,166	)
Total other income and expense		(812	)		(737	)		(645	)		(610	)		(2,804	)		(8,164	)
Earnings from continuing operations before income taxes		(1,218	)		(10,193	)		3,406			15,929			7,924			(329,929	)
Provision for income taxes		(1,479	)		(5,665	)		1,362			8,096			2,314			(105,688	)
Earnings (loss) from continuing operations		261			(4,528	)		2,044			7,833			5,610			(224,241	)
Discontinued operations		(140	)		(304	)		(219	)		(640	)		(1,303	)		(162	)
Net Earnings (Loss)	$	121		$	(4,832	)	$	1,825		$	7,193		$	4,307		$	(224,403	)
Weighted average number of shares-Class A and B
common stock:
Basic		50,272,054			50,316,845			50,499,814			50,510,197			50,399,727			51,917,175
Diluted		50,272,054			50,316,845			50,499,814			50,510,197			50,399,727			51,917,175
Weighted average number of shares-Class C common stock		3,264,000			3,264,000			3,264,000			3,264,000			3,264,000			3,264,000
Earnings (loss) per share:
Basic - Class A and B common stock:
Continuing operations	$	(0.01	)	$	(0.10	)	$	0.03		$	0.13		$	0.07		$	(4.36	)
Discontinued operations		-			(0.01	)		(0.01	)		(0.01	)		(0.02	)		-
Net earnings (loss)	$	(0.01	)	$	(0.11	)	$	0.02		$	0.12		$	0.05		$	(4.36	)
Diluted - Class A and B common stock:
Continuing operations	$	(0.01	)	$	(0.10	)	$	0.03		$	0.13		$	0.07		$	(4.36	)
Discontinued operations		-			(0.01	)		(0.01	)		(0.01	)		(0.02	)		-
Net earnings (loss)	$	(0.01	)	$	(0.11	)	$	0.02		$	0.12		$	0.05		$	(4.36	)
Basic and diluted - Class C common stock:
Continuing operations	$	0.14		$	0.14		$	0.17		$	0.27		$	0.62		$	0.57
Discontinued operations		-			-			-			(0.01	)		(0.02	)		-
Net earnings	$	0.14		$	0.14		$	0.17		$	0.26		$	0.60		$	0.57