------------------------------
                                                           OMB APPROVAL
                                                  ------------------------------
                                                  OMB Number:          3235-0167
                                                  Expires:      October 31, 2004
                                                  Estimated average burden
                                                  hours per response........1.50
                                                  ------------------------------

                                  United States
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                     FORM 15

     Certification and Notice of Termination of Registration under Section
     12(g) of the Securities Exchange Act of 1934 or Suspension of Duty to
     File Reports Under Sections 13 and 15(d) of the Securities Exchange
     Act of 1934.

                                                   Commission File Number 0-7832

                         JOURNAL EMPLOYEES' STOCK TRUST
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

                              333 WEST STATE STREET
                               MILWAUKEE, WI 53203
                                 (414) 224-2374
          -------------------------------------------------------------
          (Address, including zip code, and telephone number, including
             area code, of registrant's principal executive offices)

                          UNITS OF BENEFICIAL INTEREST
            --------------------------------------------------------
            (Title of each class of securities covered by this Form)

                                      NONE
           -----------------------------------------------------------
           (Titles of all other classes of securities for which a duty
              to file reports under section 13(a) or 15(d) remains)

     Please place an X in the box(es) to designate the appropriate rule
provision(s) relied upon to terminate or suspend the duty to file reports:

     Rule 12g-4(a)(1)(i)     [ X ]          Rule 12h-3(b)(1)(ii)    [   ]
     Rule 12g-4(a)(1)(ii)    [   ]          Rule 12h-3(b)(2)(i)     [   ]
     Rule 12g-4(a)(2)(i)     [   ]          Rule 12h-3(b)(2)(ii)    [   ]
     Rule 12g-4(a)(2)(ii)    [   ]          Rule 15d-6              [   ]
     Rule 12h-3(b)(1)(i)     [ X ]

Approximate number of holders of record as of the certification or notice date:
   0
- -------

     Pursuant to the requirements of the Securities Exchange Act of 1934,
Journal Employees' Stock Trust has caused this certification/notice to be signed
on its behalf by the undersigned duly authorized person.

DATE:  September 29, 2003
                                                 /s/ Paul M. Bonaiuto
                                                 -------------------------------
                                                 Paul M. Bonaiuto
                                                 Former Trustee