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Journal Communications radio stations report 3.4% higher Q1 revenue
Journal says its expenses grew at double that rate, up 7.2%, "primarily due to broadcast sports fees." The 3.4% growth rate for the radio division was better than that for Journal television, where revenue slipped by the same amount - down 3.4%. That was mostly due to revenue from the 2010 Vancouver Olympics which didn't recur in 2011. Milwaukee-based Journal says that excluding the Olympics, TV revenue would have grown better than 4%. One factor that has helped all the Journal media properties: the recent success of the NFL Green Bay Packers. WTMJ Radio (620) is the flagship of the Packers. Check the Journal Communications first quarter press release here.
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