Weak April Hurts Tribune Co. Revenue


(AP) Tribune Co. on Thursday said its revenue fell slightly last month from the year before, hurt by weak demand for advertising at its publications and television stations.

Consolidated revenue totaled $437.4 million in April, down 2% from $447.4 million a year earlier. By segment, publishing revenue slipped half a percent to $317 million, while broadcast revenue dropped 7% to $120.4 million.

In its publishing group, ad sales grew 1% to $249.7 million as total volume remained flat at 3.1 million inches. An 8% increase in classified-ad revenue offset a 7% decrease in national ads, while retail ads were flat at $98.3 million, the company said.

Circulation revenue also sank 9% to $46.7 million from $51.2 million last year because of shrinking sales volume of its newspapers, Tribune added.

Meanwhile, a soft ad market sent television revenue 7% lower to $99.7 million. Radio revenue fell 4% to $20.7 million as the company produced fewer syndicated shows, Tribune said.

For the 17 weeks ended April 24, revenue was down 2% to $1.75 billion, with newspaper ad revenue up 2% to $1.04 billion, television down 6% to $389.8 million and radio falling 7% to $40.8 million.

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