Tribune Co. Revenues Down 1.6% In August

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By: E&P Staff Tribune Company reported Thursday that its period 8, or August, revenues were $419 million, down 1.6% from the same period in 2005. August publishing revenues were down 2.1% to $292 million from $298 million.

Total advertising revenues decreased 2.3% to $229 million, hammered by double-digit declines in national and some classified categories. Newsday also dragged down results. Excluding the New York daily, Tribune said, ad revenues would have been down 1%.

Retail advertising revenues increased 1.3%, Tribune said, with the hardware and home improvements, and specialty merchandise partially offset by weakness in the department store category.

Preprint revenues, most of which are included in the retail figure, were flat compared with 2005. Excluding Newsday, Tribune said, preprint would be up 2%.

The national category declined 10.9% with weaknesses across most categories, the Chicago-based media company said.

Classified revenues were down 1.0%.

Classified was buoyed by a 22% jump in real estate -- and dragged down by declines of 14% in automotive and 9% in help-wanted.

Circulation revenues were down 6.2%, which Tribune said was the result of continued selective discounting in home delivery.

Broadcasting and entertainment group revenues in August decreased 0.6 percent to $127 million, compared with $128 million last year, Tribune said.


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