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Thursday, April 23, 2009

JCI: Poor Or Just Poor To Employees?

by capper

While Jay is out of commission for a while yet, I thought I'd put this up here.

It was reported today that Journal Communications, Inc. had a 98% drop in net income.

It was also reported today that the newsroom union at the Milwaukee Journal Sentinel, which is owned by JCI, agreed to take a 6.6% cut in salary in exchange for a no lay off clause, which only lasts for five months.

But if things are so bad for JCI, just how did they afford to buy yet another TV station, in a market where it already owns one TV station and six radio stations?

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