Gabelli Maintains Journal Communications Buy (JRN)

Gabelli & Company left its Journal Communciations JRN Buy rating unchanged in a research report published today. In a research note, Gabelli states, "For 1Q, mgmt sees ongoing moderation in print revenue declines, and believes that core broadcast revenues (ex political and Olympic advertising) could be up slightly." Shares of Journal Communications were trading at $5.48 at the time of posing, up 3.59% from Tuesday's market close.