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Monday, November 20, 2006

Tribune's October sales fall 1 percent

(AP) — Tribune Co. said Monday that its consolidated revenue for much of October was $427.7 million, a 1% dip brought on largely by a decrease in national newspaper advertising.

The Chicago-based media conglomerate, which owns the Chicago Tribune, Los Angeles Times, WGN-TV and the Chicago Cubs baseball team, said publishing revenue fell nearly 4% from Sept. 24 to Oct. 22. During that four-week period, the company's publishing revenue was $316.9 million, down from $329.8 million during the same period last year.

One bright spot was an 8.4% increase in revenue from its broadcast and entertainment division, which grew to $110.8 million from $102.2 million.

Complete article here.

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