|
Tribune
Revenues Up 2% in May
» Publishing Advertising Revenues up 3.6%
» Television Revenues up 0.9%
CHICAGO, June
19, 2006 – Tribune Company (NYSE: TRB) today reported its
summary of revenues and newspaper advertising volume for period
5, ended May 21, 2006. Consolidated revenues for the period were
$467 million, up 2.1 percent from last year’s $458 million.
Publishing
revenues in May were $330 million compared with $323 million last
year, up 2.0 percent. Advertising revenues increased 3.6 percent
to $265 million, compared with $256 million in May 2005. Excluding
Newsday, advertising revenues increased 5.6 percent.
- Retail advertising
revenues were up 3.7 percent with gains in the hardware/home improvement
stores, personal services and amusements categories offset by
weakness in food & drug stores, department stores and several
other retail categories. Preprint revenues, which are principally
included in retail, were up 3 percent. Excluding Newsday, preprint
revenues increased 7 percent.
- National
advertising revenues declined 1.3 percent as weakness in the auto,
financial, technology and movie categories was partially offset
by transportation, telecom/wireless and media.
- Classified
advertising revenues rose 6.6 percent. Real estate and help wanted
rose 37 percent and 1 percent, respectively. Automotive classified
declined 13 percent. Interactive revenues, which are primarily
included in classified, were $18 million, up 29 percent, due to
strength in all categories.
Circulation
revenues were down 5.0 percent. Selective discounting continued
as part of the company’s strategy to stabilize individually
paid circulation.
Broadcasting
and entertainment group revenues in May increased 2.3 percent
to $138 million, compared with $135 million last year. Television
revenues rose 0.9 percent; improvement in autos and strength in
telecom and financial/professional services was partially offset
by weakness in retail, restaurant/fast food and movies. Radio/entertainment
revenues increased 7.6 percent due to a higher number of Cubs
home games versus last year.
MID-YEAR
MEDIA REVIEW
Tribune Company
executives will participate in the Mid-Year Media Review on Tuesday,
June 20. Representing the company will be Dennis FitzSimons, president,
chairman and CEO, and Don Grenesko, senior vice-president/finance
and administration.
The presentation
begins at 9:00 a.m. ET. A live webcast of the presentation will
be available at www.tribune.com and www.midyearmediareview.com/webcast.
An archive of the webcast will be available for 30 days.
SECOND QUARTER
EARNINGS
Tribune Company
will announce second quarter 2006 earnings on Thursday, July 13,
before the market opens. A conference call to discuss the results
will be held that day at 8 a.m. CT (9 a.m. ET, 6 a.m. PT). The
full text of the earnings announcement and accompanying financial
tables will be available on Tribune’s website, www.tribune.com.
To access
the call, dial 866/277-1182 (domestic) or 617/597-5359 (international)
at least 10 minutes prior to the scheduled 8 a.m. start. The participant
access code is 30255633. Replays of the conference call will be
available July 13 through July 20. To hear the replay, dial 888/286-8010
(domestic) or 617/801-6888 (international) and use access code
91055015.
A live webcast
will be accessible through www.tribune.com and www.earnings.com.
An archive of the webcast will be available July 13 through July
27.
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.
---------------------------
CONTACTS:
» Media Contacts:
Gary Weitman
gweitman@tribune.com
312/222-3394
» Investor
Contact:
Ruthellyn Musil
rmusil@tribune.com
312/222-3787
---------------------------
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. 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.
---------------------------
Tribune Corporate Relations
435 N. Michigan Ave.
Chicago, IL 60611
www.tribune.com |
