The Board of Directors at Journal Communications has given management a green light to buy back up to five million shares of the company’s stock over the next 18 months. The buyback action supplements the five-million share repurchase authorizations approved in February 2005, April 2006 and May 2007. Through October 5th, Journal had repurchased a total of 13,423,200 shares of common stock, including 3.2 million Class B shares purchased from Matex Inc. in August 2007.
