Magazine article Editor & Publisher

Journal Register Blames Weather for February Revenue Slump

Magazine article Editor & Publisher

Journal Register Blames Weather for February Revenue Slump

Article excerpt

Journal Register Co. said Thursday that the 5.7% drop in total revenues in its February period was due to continuing weakness in its Michigan newspapers plus severe weather at all its properties.

Yardley, Pa.-based Journal Register said total revenues from continuing operations for its Period Two -- the four weeks ended March 4 -- were $35.7 million compared to $37.9 million for the four weeks ended February 26, 2006, a decrease of 5.7%.

Excluding results from its Michigan cluster, which have been depressing results for months, total revenues decreased 4.1% from the year-ago period, Journal Register said.

Total advertising revenues from continuing operations were $27.2 million for the period, down from $29.3 million.

"Total revenues for the second period were negatively affected by the severe weather, which had an impact on all of our clusters in both our advertising and circulation revenues," Chairman and CEO Robert M. Jelenic said in a prepared statement. "Online revenues continue to perform very well and we expect our online revenue growth to accelerate as we move through the year. …

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