| 
Tribune Reports November Revenues Down
7%
Preprints up 16% in period
and up 4% year-to-date
CareerBuilder posts strongest
monthly sales ever
CHICAGO, December 13, 2001 --
Tribune Company (NYSE:
TRB) reported today its summary of revenues and newspaper
advertising volume for period 11, ended Nov. 25, 2001. Consolidated
revenues for the period were $419 million, down 7 percent
from last year's $451 million. Year-to-date consolidated revenues
were also down 7 percent to $4.8 billion, from a pro forma
$5.1 billion during the same period in 2000.
Tribune's publishing and interactive revenues
as well as newspaper advertising volume for 2000 are reported
on a pro forma basis for year-to-date comparisons only. Pro
forma results assume that the Times Mirror acquisition occurred
at the beginning of 2000.
In 2001, the Thanksgiving holiday occurred
during period 11 while in 2000 it was in period 12. This shift
positively impacted period 11 revenues, which benefited publishing
retail advertising in particular. Comparisons for this year's
period 12 will be negatively impacted by the timing of the
Thanksgiving holiday.
Publishing revenues decreased 7 percent in
November to $313 million, down from last year's $335 million.
Year-to-date publishing revenues were down 7 percent. Total
advertising inches decreased 4 percent in November and 6 percent
year-to-date. Preprint pieces were up 16 percent in November
and increased 4 percent on a year-to-date basis.
For November, retail advertising revenue increased
3 percent due to gains in food, electronics and other retail
categories. Full run retail volume was up 2 percent. National
ad revenue was down 10 percent because of weakness in technology,
financial and travel categories; full run national volume
declined 17 percent. Classified advertising revenue was down
25 percent due to a decline in the help wanted category partially
offset by higher auto and real estate. Full run classified
volume was down 8 percent for the period.
Broadcasting and Entertainment group revenues
decreased 10 percent to $100 million, down from $111 million
in November 2000. Television revenue decreased 10 percent
in November due to the continued soft television advertising
economy. Year-to-date group revenues were down 6 percent to
$1.2 billion, compared with $1.3 billion in 2000.
Tribune Interactive revenues grew 16 percent
to $5.2 million in November, up from $4.5 million last year
due to growth in classifieds, as CareerBuilder had its best
sales month ever. Year-to-date interactive revenues increased
24 percent to $54 million, up from $43 million in 2000.
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TRIBUNE (NYSE:
TRB) is one of the country's premier media companies,
operating businesses in broadcasting, publishing and on the
Internet. It reaches more than 80 percent of U.S. households,
and is the only media company with television stations, newspapers
and Web sites in the nation's top three markets. Tribune media
span 23 major-market television stations, including national
superstation WGN-TV; 12 market-leading daily newspapers, including
the Los Angeles Times, Chicago Tribune and Newsday; and news
and information Web sites in 18 of the nation's top 30 markets.
This press release contains certain comments
or forward-looking statements that are based largely on the
company's current expectations and are subject to certain
risks, trends and uncertainties. Such comments and statements
should be understood in the context of Tribune's publicly
available reports filed with the SEC, including the most current
annual report, 10-K and 10-Q, which contain a discussion of
various factors that may affect the company's business. These
factors could cause actual future performance to differ materially
from current expectations.
Tribune Company is not responsible for
updating the information contained in this press release beyond
the published date, nor for changes made to this document
by wire services or Internet service providers. More information
on Tribune is available on the Internet at www.tribune.com. |
