<ARTICLE> 5 <LEGEND> THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FINANCIAL STATEMENTS OF JOURNAL EMPLOYEE'S STOCK TRUST AS OF AND FOR THE SIX MONTHS ENDED JUNE 30, 1999 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> JUN-30-1999 <CASH> 0 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 0 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 0 <SALES> 0 <TOTAL-REVENUES> 14,011 <F1> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 14,011 <F1> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 0 <EPS-BASIC> 0.00 <F2> <EPS-DILUTED> 0.00 <F2> <FN> <F1>THE ONLY REVENUE AND EXPENSE ASSOCIATED WITH THE TRUST PERTAINS TO DIVIDENDS RECEIVED AND PAID OUT. ALL DIVIDENDS RECEIVED ARE IN TURN PAID OUT, ACCOUNTING FOR NET INCOME OF ZERO ($0) <F2> EARNINGS PER SHARE IS NOT APPLICABLE AS NET INCOME IS ZERO ($0) </FN>