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Tribune Revenues
Down 3.0% in February
» Publishing advertising revenues down 2.2%
» Television revenues down 5.0%
CHICAGO, March
16, 2006 -- Tribune Company (NYSE: TRB) today reported its summary
of revenues and newspaper advertising volume for period 2, ended
Feb. 26, 2006. Consolidated revenues for the period were $408
million, down 3.0 percent from last year’s $420 million.
Publishing
revenues in February were $314 million compared to last year’s
$321 million, down 2.4 percent. Advertising revenues decreased
2.2 percent to $248 million, compared with $254 million in February
2005.
- Retail advertising
revenues decreased 4.7 percent with weakness in the food &
drug, department store and electronics categories. Preprint revenues,
which are principally included in retail, were down 6 percent
due primarily to a decline at Newsday. Excluding Newsday, preprint
revenues were down 1 percent.
- National
advertising revenues declined 11.5 percent principally due to
lower automotive and movie advertising.
- Classified
advertising revenues rose 7.2 percent due to gains in real estate
and help wanted, which rose 35 percent and 5 percent, respectively.
Automotive classified advertising fell 11 percent. Interactive
revenues, which are primarily included in classified, were $17
million, up 24 percent, due to strength in all categories.
Circulation
revenues were down 3.9 percent due to volume declines at most
of the company’s newspapers and selectively higher discounting.
Broadcasting
and entertainment group revenues in February decreased 4.8 percent
to $94 million, compared with $99 million last year. Television
revenues declined 5.0 percent; weakness in auto and package goods
was partially offset by increases in media and education. Radio/entertainment
revenues decreased 0.9 percent primarily due to lower syndication
revenues at Tribune Entertainment.
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CONTACTS:
» Media Contacts:
Gary Weitman
gweitman@tribune.com
312/222-3394
» Investor Contacts:
Ruthellyn Musil
rmusil@tribune.com
312/222-3787 |
