| 
Tribune Revenues Increased 3.5% In
July
Publishing
revenues up 2.8%
Television
revenues up 4.3%
CHICAGO, August 19, 2003
-- Tribune Company (NYSE: TRB) today reported
its summary of revenues and newspaper advertising volume for
period 7, ended
Aug. 3, 2003. Consolidated revenues for the period were $508
million, up 3.5 percent from last year’s $491 million.
Publishing revenues in July were $356 million, 2.8 percent
higher than last year’s
$346 million. Advertising revenues increased 3.3 percent to
$271 million, compared with $262 million in July 2002. Total
advertising inches were up 3 percent, while preprint pieces
grew 9 percent.
- Retail print advertising revenues increased
6 percent due to gains in most categories, led by home furnishings
and food, which were partially offset by decreases in department
stores and electronics. Preprint revenues, which are principally
included in retail, were up 8 percent. Full run retail linage
was up 1 percent.
- National print advertising revenues rose
2 percent due to strength in high-tech and financial, partially
offset by movies/entertainment and auto manufacturers; full
run national volume was up 5 percent.
- Classified print advertising revenues were
flat due to softness in help wanted, which was down 10 percent.
Auto and real estate were up 2 percent and
13 percent, respectively. Full run classified volume was
up 4 percent in the period.
- Interactive revenue increased 19 percent
due mainly to gains in classified.
Broadcasting and Entertainment group revenues
increased 5.3 percent to $152 million, compared with $145
million in July 2002. Television revenues increased 4.3 percent.
Excluding WTTV-Indianapolis, acquired in July 2002, and KPLR
in St. Louis and KWBP in Portland, both acquired in March
2003, television revenues were flat. WB and Fox stations’
advertising revenues increased 2 percent. Radio/Entertainment
revenues improved 8.1 percent primarily due to an increase
at the Chicago Cubs.
:: :: ::
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
10-Q and 10-K that 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.
TRIBUNE (NYSE: TRB) is one of the
country’s premier media companies, operating businesses
in broadcasting and publishing. 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. In publishing, Tribune operates 12 market-leading
daily newspapers such as the Los Angeles Times, Chicago Tribune
and Newsday plus a wide range of targeted publications including
Spanish-language newspapers. In broadcasting, Tribune properties
include 26 television stations and Superstation WGN on national
cable. These publishing and broadcasting interests are complemented
by high-traffic news and information Web sites in 20 of the
nation’s top 30 markets.
|
