Journal Comm-a: (NYSE: JRN)

Zacks Rank: 3-Hold

Balance Sheet

Annual Balance Sheet

Fiscal Year End for JOURNAL COMM-A falls in the month of December.

All items in Millions except Per Share data.

	12/31/12	12/31/11	12/31/10	12/31/09	12/31/08
Assets
Cash & Equivalents	2	3	3	3	4
Receivables	65	57	55	63	79
Notes Receivable	0	0	0	0	0
Inventories	3	2	1	3	6
Other Current Assets	13	14	21	21	25
Total Current Assets	80	72	75	87	110
Net Property & Equipment	171	168	180	202	221
Investments & Advances	0	0	0	0	0
Other Non-Current Assets	0	0	0	0	0
Deferred Charges	43	57	54	63	64
Intangibles	318	112	115	116	132
Deposits & Other Assets	13	9	8	5	15
Total Assets	626	418	432	473	543

Liabilities & Shareholders Equity	12/31/12	12/31/11	12/31/10	12/31/09	12/31/08
Notes Payable	0	0	0	0	0
Accounts Payable	27	21	23	24	27
Current Portion Long-Term Debt	3	0	0	0	0
Current Portion Capital Leases	0	0	0	0	0
Accrued Expenses	16	21	19	20	22
Income Taxes Payable	4	0	7	2	0
Other Current Liabilities	26	25	30	32	32
Total Current Liabilities	75	66	79	78	82
Mortgages	0	0	0	0	0
Deferred Taxes/Income	0	0	0	0	0
Convertible Debt	0	0	0	0	0
Long-Term Debt	243	41	75	151	215
Non-Current Capital Leases	0	0	0	0	0
Other Non-Current Liabilities	102	104	70	73	78
Minority Interest (Liabilities)	0	0	0	0	0
Total Liabilities	420	212	223	302	375

Shareholders Equity	12/31/12	12/31/11	12/31/10	12/31/09	12/31/08
Preferred Stock	0	0	0	0	0
Common Stock (Par)	1	1	1	1	1
Capital Surplus	254	258	260	258	257
Retained Earnings	6	-0	88	55	54
Other Equity	-56	-52	-31	-34	-34
Treasury Stock	0	0	109	109	109
Total Shareholder's Equity	206	206	209	171	168
Total Liabilities & Shareholder's Equity	626	418	432	473	543
Total Common Equity	206	206	209	171	168
Shares Outstanding	50.50	54.70	55.00	54.70	53.50
Book Value Per Share	4.07	3.77	3.80	3.13	3.14

Fiscal Year End for JOURNAL COMM-A falls in the month of December.

All items in Millions except Per Share data.

	03/31/13	12/31/12	09/30/12	06/30/12	03/31/12
Assets
Cash & Equivalents	2	2	3	3	3
Receivables	59	65	57	55	49
Notes Receivable	0	0	0	0	0
Inventories	3	3	3	3	3
Other Current Assets	13	13	12	13	14
Total Current Assets	74	80	72	70	65
Net Property & Equipment	169	171	160	163	166
Investments & Advances	0	0	0	0	0
Other Non-Current Assets	0	0	0	0	0
Deferred Charges	41	43	49	52	55
Intangibles	316	318	122	111	111
Deposits & Other Assets	13	13	10	8	9
Total Assets	612	626	412	404	406

Liabilities & Shareholders Equity	03/31/13	12/31/12	09/30/12	06/30/12	03/31/12
Notes Payable	0	0	0	0	0
Accounts Payable	21	27	22	21	20
Current Portion Long-Term Debt	3	3	8	0	0
Current Portion Capital Leases	0	0	0	0	0
Accrued Expenses	15	16	17	20	14
Income Taxes Payable	0	4	0	0	0
Other Current Liabilities	25	26	27	25	24
Total Current Liabilities	64	75	74	67	58
Mortgages	0	0	0	0	0
Deferred Taxes/Income	0	0	0	0	0
Convertible Debt	0	0	0	0	0
Long-Term Debt	237	243	46	21	38
Non-Current Capital Leases	0	0	0	0	0
Other Non-Current Liabilities	101	102	96	102	104
Minority Interest (Liabilities)	0	0	0	0	0
Total Liabilities	402	420	216	190	200

Shareholders Equity	03/31/13	12/31/12	09/30/12	06/30/12	03/31/12
Preferred Stock	0	0	0	0	0
Common Stock (Par)	1	1	1	1	1
Capital Surplus	255	254	255	255	255
Retained Earnings	10	6	-9	10	2
Other Equity	-55	-56	-51	-51	-51
Treasury Stock	0	0	0	0	0
Total Shareholder's Equity	211	206	196	214	206
Total Liabilities & Shareholder's Equity	612	626	412	404	406
Total Common Equity	211	206	196	214	206
Shares Outstanding	999,999.00	50.50	53.80	53.70	54.20
Book Value Per Share	0.00	4.07	3.65	3.98	3.81