UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
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Date of Report
(Date of earliest
event reported): April 15, 2005
Journal Communications, Inc.
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(Exact name of registrant as specified in its charter)
Wisconsin 1-31805 20-0020198
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
333 West State Street, Milwaukee, Wisconsin 53203
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(Address of principal executive offices, including zip code)
(414) 224-2616
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(Registrant's telephone number)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c)
Item 2.02. Results of Operations and Financial Condition.
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On April 15, Journal Communications, Inc. issued a press release announcing
financial results for its first quarter ended March 27, 2005. A copy of the
press release is furnished as Exhibit 99 to this Current Report on Form 8-K.
The press release furnished as Exhibit 99 to this Current Report on Form
8-K contains a discussion of the Company's EBITDA (which the Company defines as
net earnings plus total other income and expense, provision for income taxes,
gain/loss from discontinued operations, net, cumulative effect of accounting
change, net, depreciation and amortization). The Company believes that EBITDA is
relevant and useful because it helps improve investors' ability to understand
the Company's operating performance and makes it easier to compare the Company's
results with other companies that have different financing and capital
structures or tax rates. The Company's management uses EBITDA, among other
things, to evaluate the Company's operating performance, to value prospective
acquisitions and as incentive compensation performance targets for certain
management personnel. The Company's lenders use EBITDA as one of the measures of
the Company's ability to service its debt. EBITDA is not a measure of
performance calculated in accordance with accounting principles generally
accepted in the United States. EBITDA should not be considered in isolation of,
or as a substitute for, net earnings as an indicator of operating performance or
cash flows from operating activities as a measure of liquidity. EBITDA, as the
Company calculates it, may not be comparable to EBITDA measures reported by
other companies. In addition, EBITDA does not represent funds available for
discretionary use. A reconciliation of EBITDA to net earnings is included in the
exhibits to the press release furnished as Exhibit 99 to this Current Report on
Form 8-K.
Item 9.01. Financial Statements and Exhibits.
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(a) Not applicable.
(b) Not applicable.
(c) Exhibits. The following exhibits are being furnished
herewith:
(99) Press release of Journal Communications, Inc.,
dated April 15, 2005.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
JOURNAL COMMUNICATIONS, INC.
Date: April 15, 2005 By: /s/ Paul M. Bonaiuto
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Paul M. Bonaiuto
Executive Vice President and
Chief Financial Officer
JOURNAL COMMUNICATIONS, INC.
EXHIBIT INDEX TO FORM 8-K
Report Dated April 15, 2005
Exhibit No.
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(99) Press release of Journal Communications, Inc., dated April 15, 2005.