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Tribune Revenues Down 1.1% in January
Publishing advertising
revenues up slightly
Television revenues down 0.5%
CHICAGO,
February 10, 2006 -- Tribune Company (NYSE: TRB) today
reported its summary of revenues and newspaper advertising
volume for period 1, ended
Jan. 29, 2006. Consolidated revenues for the period were
$472 million, down
1.1 percent from last year’s $477 million.
Publishing revenues in January were
$367 million compared to last year’s $371 million,
down 1.0 percent. Advertising revenues increased 0.2 percent
to $289 million, compared with $288 million in January
2005.
- Retail advertising revenues increased 1.4 percent
with strength in hardware/home improvement stores. Preprint
revenues, which are principally included in retail, were
up 0.7 percent, due primarily to gains in Chicago and Los
Angeles, largely offset by a decline at Newsday. Excluding
Newsday, preprints were up 7 percent.
- National advertising revenues declined 6.4 percent,
due to declines in the movie category, partially offset
by gains in the auto and wireless categories. The decline
in movies was almost entirely due to the Los Angeles Times;
excluding movies, the national category would have been
up 1.8%.
- Classified advertising revenues rose
4.1 percent due to gains in help wanted and real estate,
which rose 5 percent and 22 percent, respectively. Automotive
classified advertising fell 10 percent. Interactive revenues,
which are primarily included in classified, were $17 million,
up 35 percent, due to strength in all categories.
Circulation revenues were down 4.3 percent
primarily due to volume declines at most of the company’s
newspapers and selectively higher discounting.
Broadcasting and entertainment group revenues in January
decreased 1.2 percent to
$105 million, compared with $106 million last year. Television
revenues declined
0.5 percent; weakness in auto and package goods was partially
offset by increases in movies and education. Radio/entertainment
revenues decreased 15.5 percent primarily due to lower syndication
revenues at Tribune Entertainment.
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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 Securities and Exchange Commission
(“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
or financial results. 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. The Company's next 10-K report
to be filed with the SEC may contain updates to the information
included in this release.
TRIBUNE (NYSE: TRB) is
one of the country’s top media companies, operating
businesses in publishing and broadcasting. It reaches more
than 80 percent of U.S. households and is the only media
organization with newspapers, television stations and websites
in the nation’s top three markets. In publishing, Tribune
operates 11 leading daily newspapers including the Los Angeles
Times, Chicago Tribune and Newsday, plus a wide range of
targeted publications such as Spanish-language Hoy. 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. |
