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Tribune Revenues Down 1.6% in August
Publishing
Advertising Revenues down 2.3%
Television Revenues
down 1.2%
CHICAGO, September
14, 2006 -- Tribune Company (NYSE:
TRB) today reported its summary of revenues and newspaper
advertising volume for period 8, ended
Aug. 27, 2006. Consolidated revenues for the period were
$419 million, down
1.6 percent from last year’s $425 million.
Publishing revenues in August were $292 million
compared with $298 million last year, down 2.1 percent. Advertising
revenues decreased 2.3 percent to $229 million, compared
with $234 million in August 2005. Excluding Newsday, advertising
revenues decreased 1.0 percent.
- Retail advertising revenues increased
1.3 percent with strength in hardware/home improvements
and specialty merchandise partially offset by weakness
in the department store category. Preprint revenues, which
are principally included in retail, were flat to last year.
Excluding Newsday, preprint revenues increased 2 percent.
- National advertising revenues declined 10.9 percent
on weakness across most categories.
- Classified advertising
revenues decreased 1.0 percent. Real estate rose 22 percent.
Help wanted and automotive classified declined 9 percent
and 14 percent, respectively. Interactive revenues, which
are primarily included in classified, were $19 million,
up 22 percent, due to strength in real estate and auto.
Circulation revenues were down 6.2 percent due largely to
continued selective home delivery discounting.
Broadcasting and entertainment group
revenues in August decreased 0.6 percent to $127
million, compared with $128 million last year. Television
revenues declined 1.2 percent; weakness in retail and auto
was partially offset by strength in movies and telecom.
Radio/entertainment increased 1.2 percent primarily 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’s leading daily newspapers include
the Los Angeles Times, Chicago Tribune, Newsday (Long Island,
N.Y.), The Sun (Baltimore), South Florida Sun-Sentinel,
Orlando Sentinel and Hartford Courant. 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. |
