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Tribune Revenues Up 0.8% in November
Publishing Advertising Revenues Down 0.3%
Television Revenues Up 9.4%
CHICAGO, December
7, 2006 -- Tribune Company (NYSE: TRB) today reported its summary of revenues and newspaper advertising volume for period 11, ended
Nov. 19, 2006. Consolidated revenues for the period were $433 million, up 0.8 percent from last year’s $429 million.
Publishing revenues in November were $326 million compared with $330 million last year, down 1.0 percent. Advertising revenues decreased 0.3 percent to $262 million, compared with $263 million in November 2005.
- Retail advertising revenues increased 1.6 percent; strength in hardware/home improvements and amusements was partially offset by weakness in the department store category. Both retail advertising revenues and preprint revenues reflect the Los Angeles Times’ new preprint distribution agreement with ADVO. Preprint revenues, which are principally included in retail, were up 3 percent. Excluding Newsday, preprint revenues increased 5 percent.
- National advertising revenues declined 1.7 percent; weakness in the telecom/wireless, auto and resorts categories was partially offset by strength in transportation.
- Classified advertising revenues decreased 1.7 percent. Real estate rose 6 percent. Help wanted and automotive classified declined 6 percent and 5 percent, respectively. Interactive revenues, which are primarily included in classified, were $19 million, up 29 percent, due to strength in all categories.
Circulation revenues were down 6.0 percent due largely to continued selective home delivery discounting.
Broadcasting and entertainment group revenues in November increased 6.9 percent to $107 million, compared with $100 million last year. Television revenues rose
9.4 percent; strength in political, movies and telecom was partially offset by weakness in auto, retail and restaurant/fast food. Radio/entertainment decreased 26.5 percent or
$2 million.
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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, 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 24 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. |
