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Tribune Revenues Down 1.4% in July
Publishing
Advertising Revenues down 1.4%
Television Revenues
down 4.1%
CHICAGO, August
15, 2006 -- Tribune Company
(NYSE: TRB) today reported its summary of revenues and
newspaper advertising volume for period 7, ended
July 30, 2006. Consolidated revenues for the period were
$503 million, down 1.4 percent from last year’s $510
million.
Publishing revenues in July were $353 million
compared with $360 million last year, down 1.9 percent. Advertising
revenues decreased 1.4 percent to $278 million, compared
with $282 million in July 2005. Excluding Newsday, advertising
revenues decreased
0.3 percent.
- Retail advertising revenues decreased
2.0 percent with weakness in the department store and specialty
merchandise categories partially offset by strength in
hardware/home improvements and amusements. Preprint revenues,
which are principally included in retail, were down 1 percent.
Excluding Newsday, preprint revenues increased 1 percent.
- National advertising revenues declined
3.8 percent as weakness in the movie and telecom/wireless
categories was partially offset by strength in financial
and healthcare.
- Classified
advertising revenues rose 0.7 percent. Real estate rose
32 percent. Help wanted and automotive classified declined
8 percent and 14 percent, respectively. Interactive revenues,
which are primarily included in classified, were $21 million,
up 23 percent, due to strength in all categories.
Circulation revenues were down 5.6 percent.
Selective discounting continued as part of the company’s
strategy to stabilize individually paid circulation.
Broadcasting and entertainment group revenues in July decreased
0.3 percent to $150 million, compared with $151 million last
year. Television revenues declined 4.1 percent; weakness
in automotive and restaurant/fast food was partially offset
by strength in movies and telecom. Radio/entertainment increased
9.0 percent due to higher Cubs ticket revenues.
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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-Q 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, interactive
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.
The company’s broadcasting group operates 25 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. |
