Putting the blame on general newspaper industry woes, The Journal Register (NYSE: JRC) Q2 profits plummeted 44 percent to $5.5 million from $9.8 million the year before. The Yardley, PA.-based publisher of the New Haven Register and 21 other papers, also reported that revenues slid 8.5 percent to $120.7 million compared to Q206’s $131.8 million. Other information from the company’s report:
— One positive trend the newspaper industry has experienced lately is rising online revenues. Journal Register’s Q2 fortunes followed that trend as well, posting a 19.7 percent gain for internet revenues of $4.7 million.
— Its websites generated 96.3 million page views during Q2, an increase of approximately 10.2 percent as compared to the prior year quarter. In June, Journal Register reported 3.6 million unique visitors to its sites.
— Total classified advertising revenues decreased 9.2 percent in Q2.
— National advertising revenues, which represent approximately four percent of journal Register
Comments have been disabled for this post