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Tribune
Revenues Down 3.5% in October
» Publishing advertising revenues up 1.4%
» Television revenues down 9.7%
CHICAGO, November
15, 2005 -- Tribune Company (NYSE: TRB) today reported its summary
of revenues and newspaper advertising volume for period 10, ended
Oct. 23, 2005. Consolidated revenues for the period were $439
million, down 3.5 percent from last year’s $455 million.
Publishing
revenues in October were $330 million compared to last year’s
$329 million. Advertising revenues increased 1.4 percent to $265
million, compared with $261 million in October 2004.
- Retail advertising
revenues decreased 2.0 percent as declines in the food & drug
store, electronics, department stores and furniture/home furnishing
categories were partially offset by increases in the hardware/home
improvement, personal services and amusement categories. Preprint
revenues, which are principally included in retail, were down
2 percent.
- National
advertising revenues increased 2.2 percent as gains in the movie,
financial and media categories were partially offset by declines
in the auto, package goods and wireless categories.
- Classified
advertising revenues rose 4.7 percent due to gains in help wanted
and real estate, which rose 10 and 19 percent, respectively. Automotive
classified advertising fell 13 percent. Interactive revenues,
which are primarily included in classified, were $16 million,
up 50 percent, due to strength in all categories.
Circulation
revenues were down 4.5 percent primarily due to volume declines
at most of the company’s newspapers as well as selectively
higher discounting.
Broadcasting
and entertainment group revenues in October decreased 13.2 percent
to $109 million, compared with $126 million last year. Television
revenues declined 9.7 percent as advertising revenue remains soft
in most markets. Weakness in the auto, retail and restaurant/fast
food categories was partially offset by increases in movies and
financial/legal. Radio/entertainment revenues decreased 36.0 percent
due to five fewer Chicago Cubs baseball games in period 10 this
year.
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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. Any of 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. This press release is being furnished to the
SEC through a Form 8-K. The Company's next 10-Q report to be filed
with the SEC may contain updates to the information included in
this release.
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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 |
