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): July 20, 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 July 20, 2005, Journal Communications, Inc. issued a press
release announcing financial results for its second quarter ended June 26, 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 a component of incentive compensation 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 July 20, 2005.
SIGNATURES
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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: July 20, 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 July 20, 2005
Exhibit No.
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(99) Press release of Journal Communications, Inc., dated July 20,
2005.