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Tribune Revenues Increase
2.3% in October
Publishing
revenues up 1.4%
Television
revenues up 1.0%
CHICAGO, November 16, 2004 -- Tribune
Company (NYSE: TRB) today reported its summary of revenues
and newspaper advertising volume for period 10, ended
Oct. 24, 2004. Consolidated revenues for the period were
$455 million, up 2.3 percent from last year’s $445
million.
Publishing revenues in October were
$329 million, 1.4 percent higher than last year’s
$325 million. Advertising revenues increased 3.4 percent to $261 million, compared
with $252 million in October 2003. Total advertising inches were up 4 percent,
while preprint pieces increased 20 percent.
Retail, national and classified advertising revenues
include both print and interactive revenues for 2004
and 2003.
- Retail advertising revenues increased 4.7 percent
due to strength in the electronics, home furnishings
and other retail categories, partially offset by
weakness in department stores. Preprint revenues, which
are principally included in retail, were up 9 percent.
Full run retail linage was up 4 percent in the
period.
- National advertising revenues decreased 0.6 percent
as weakness in the movies/entertainment, travel/resorts
and auto manufacturers categories was partially
offset by strength in the hi-tech category. Full run
national volume was up 4 percent.
- Classified advertising revenues rose 4.9 percent
due to gains in help wanted and real estate, which
were each up 12 percent. Auto classified advertising
fell
6 percent. Full run classified volume was down
5 percent in the period. Interactive revenues,
which are primarily included in classified, were
$11 million, up 22 percent, due to strength in
all categories.
Broadcasting and Entertainment group revenues in October
rose 4.7 percent to
$126 million, compared with $120 million last year. Television revenues increased
1.0 percent. Strength in telecom and education was partially offset by a decrease
in movies. Radio/entertainment revenues rose 38.9 percent as baseball’s
regular season ran into period 10 this year.
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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 10-K report and quarterly 10-Q
report, 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, or for changes made
to this document by wire services or Internet service
providers.
TRIBUNE (NYSE: TRB) is
one of the country’s top media companies, operating businesses
in broadcasting and publishing. It reaches more than
80 percent of U.S. households and is the only media organization
with television stations, newspapers and websites in
the nation’s top three markets. In publishing,
Tribune operates 14 leading daily newspapers including
the Los Angeles Times, Chicago Tribune,
Newsday and Spanish-language Hoy, plus
a wide range of targeted publications. The company’s
broadcasting group operates 26 television stations, Superstation
WGN on national cable, Chicago ’s WGN-AM and the
Chicago Cubs baseball team. Popular news and information
websites complement Tribune’s print and broadcast
properties and extend the company’s nationwide
audience.
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