Journal Broadcast Group's CFO to Retire
MILWAUKEE: Ron Kurtis, senior vice president and chief
financial officer for the Journal Broadcast Group, announced his pending
retirement today. He will step down Dec. 27, 2009, after 36 years with Journal
“Ron has been an integral member of our leadership team and I have truly valued
his knowledge of the industry and financial guidance as we have grown our
broadcast group,” said Doug Kiel, vice chairman and CEO. “He leaves our company
with our thanks and appreciation for a job well done and our hope that he will
enjoy his retirement.”
Journal’s 13 TV stations broke even for the third quarter, while revenues fell
around 24 percent compared to a year ago.
20, 2009: “Journal TV Station
Revenues Fall 24 Percent”
Third-quarter revenues for Journal’s 13 TV stations came in around 24
percent less than one year ago.
July 27, 2009: “Gamco Buys More Stock
Gameco Investors, Gabelli Funds and Teton Advisors, collectively added 900,000
shares of Journal.
July 21, 2009: “Journal 2Q Broadcast
Revenues Drop 18 Percent”
TV segment revenues totaled $26.7 million for the quarter ending May 29, 2009,
compared to $32.6 million a year ago.
April 3, 2009: “Journal Communications Imposes
The top echelon of employees at Journal Communications will have to take off 10
unpaid days this year.
April 1, 2009: “LIN Posts $830 Million
Loss on $1 Billion Charge”
... Journal Communications, with 12 TV stations, wrote down nearly $78
March 4, 2009: “Journal Posts 4Q Loss
The 12 TV stations owned by Journal Communications generated revenues of $33.4
million for 4Q08, down 5.5 percent from 4Q07’s $35.3 million.
July 2, 2008: “Journal
Communications Agrees to Pony $8 Million for KNIN-TV”
The Journal Communications broadcast division has agreed to buy KNIN-TV in
Boise, Idaho for $8 million.