X0303 4 2011-03-08 0 0001232241 JOURNAL COMMUNICATIONS INC JRN 0001280063 MEISSNER DAVID G 111 EAST KILBOURN AVENUE MILWAUKEE WI 53202-6622 1 0 0 0 Class A Common Stock 2011-03-08 4 C 0 600441 0 A 600441 I Held by Trust Class B Common Stock 2011-03-08 4 C 0 600441 0 D Class A Common Stock 600441 466917.22 I Held by Trust Class B Common Stock 2011-03-08 4 S 0 2.582 5.59 D Class A Common Stock 2.582 466914.63 I Held by Trust Class B Common Stock Class A Common Stock 82478 82478 D Class B Common Stock Option (right to buy) 17.44 2005-05-03 2011-05-03 Class B Common Stock 5000 5000 D Class C Common Stock Class A Common Stock 1067054.315 1067054. I Held by Trust These shares are owned by trusts created under my wife's estate planning documents, of which I am a beneficiary and a trustee. The Class B Common Stock is convertible into Class A Common Stock (subject to certain limitations specified in the Issuer's Amended and Restated Articles of Incorporation) on a 1-for-1 basis at no cost. Pursuant to the Articles of Incorporation of Journal Communications, Inc., fractional shares are required to be cashed out upon conversion. Grant to reporting person of option to buy shares of Class B Common Stock under the Journal Communications, Inc. 2003 Equity Incentive Plan. The option vested on the first anniversary of the date of grant. Class C Common Stock is convertible into either (i) Class A and Class B Common Stock on a basis of 1:0.248243 Class C to Class A, and 1:1.115727 Class C to Class B, or (ii) Class A only on a basis of 1.36397 Class C to Class A, all at no cost. /s/ Russell E. Ryba, Attorney-In-Fact 2011-03-09