Journal Communications Is Teetering
After reducing their dividend in early February, Journal Communications continues to suffer from the effects of a poor economy and slowly fading business model. Last Friday, their stock value broke the buck, closing at $0.94 per share. My intention in bringing this to light isn’t to mock — any correlation between Patrick McIlheran’s tenure at JS and the stock’s price are purely coincidental — but merely to point out an under-reported fact. As we saw happen in Denver last week, we ought to consider the possibility of something significant happening to Journal Communications in the near future.