And what I read in the Journal Sentinel sounds like good news:
Journal Communications posts $7.2 million profit
Journal Communications Inc. said Thursday it posted a profit of $7.2 million in the fourth quarter as the company's expenses dropped significantly from a year earlier.
The Milwaukee-based media company had earnings of 12 cents per share on its A and B common stock. That compares with a loss of almost $223 million, or $4.46, in the fourth quarter of 2008. Et cetera
Then there's this report, from Broadcasting and Cable online, which covers the industry:
Journal Station Revenue Down 15% in Q4
Journal Communications reported television station revenue of $28.3 million in the fourth quarter, a 15.2% drop from the same quarter a year before. Political advertising was $1.4 million, down from the $6.1 million in the fourth quarter of 2008.
Journal's overall broadcasting division, which includes radio, reported revenue of $46.1 million in the quarter, a 13.3% decrease from the same quarter a year previous. Overall broadcast revenue was down 18.3% for the full 2008, while TV station revenue was down 19.3% for the full year.