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Tribune Revenues
Down 1.1% in January
» Publishing advertising revenues up slightly
» Television revenues down 0.5%
CHICAGO, February
10, 2006 -- Tribune Company (NYSE: TRB) today reported its summary
of revenues and newspaper advertising volume for period 1, ended
Jan. 29, 2006. Consolidated revenues for the period were $472
million, down 1.1 percent from last year’s $477 million.
Publishing
revenues in January were $367 million compared to last year’s
$371 million, down 1.0 percent. Advertising revenues increased
0.2 percent to $289 million, compared with $288 million in January
2005.
- Retail advertising
revenues increased 1.4 percent with strength in hardware/home
improvement stores. Preprint revenues, which are principally included
in retail, were up 0.7 percent, due primarily to gains in Chicago
and Los Angeles, largely offset by a decline at Newsday. Excluding
Newsday, preprints were up 7 percent.
- National
advertising revenues declined 6.4 percent, due to declines in
the movie category, partially offset by gains in the auto and
wireless categories. The decline in movies was almost entirely
due to the Los Angeles Times; excluding movies, the national category
would have been up 1.8%.
- Classified
advertising revenues rose 4.1 percent due to gains in help wanted
and real estate, which rose 5 percent and 22 percent, respectively.
Automotive classified advertising fell 10 percent. Interactive
revenues, which are primarily included in classified, were $17
million, up 35 percent, due to strength in all categories.
Circulation
revenues were down 4.3 percent primarily due to volume declines
at most of the company’s newspapers and selectively higher
discounting.
Broadcasting
and entertainment group revenues in January decreased 1.2 percent
to $105 million, compared with $106 million last year. Television
revenues declined 0.5 percent; weakness in auto and package goods
was partially offset by increases in movies and education. Radio/entertainment
revenues decreased 15.5 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
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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 and broadcasting. It reaches more than 80 percent
of U.S. households and is the only media organization with newspapers,
television stations and web sites 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 including Spanish-language
Hoy. 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
web sites complement Tribune’s print and broadcast properties
and extend the Company’s nationwide audience.
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To view this press
release on the Internet, go to:
http://www.tribune.com/pressroom/releases/2006/02102006.html
To download the tables
accompanying this release, go to:
http://www.tribune.com/media/pdf/revenue_jan_06.pdf
To view all Tribune
press releases on the Internet, go to:
http://www.tribune.com/pressroom/releases/index.html
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Tribune Corporate Relations
435 N. Michigan Ave.
Chicago, IL 60611
www.tribune.com |
