Publishing Advertising Revenues Decline 5.1%; Television Revenues Up 1.0%
CHICAGO, March 21, 2007 -- Tribune Company (TRB) today reported its summary of revenues and newspaper advertising volume for period 2, ended March 4. Consolidated revenues for the period were $385 million, down 3.4 percent from last year's $398 million.
Publishing revenues in February were $294 million compared with $310 million last year, down 5.1 percent. Advertising revenues decreased 5.1 percent to $233 million, compared with $245 million in February 2006.
Circulation revenues were down 7.0 percent due to single-copy declines and continued selective discounting in home delivery.
Broadcasting and entertainment group revenues in February increased 2.4 percent to $90 million compared with $88 million last year. Television revenues rose 1.0 percent; strength in telecom and restaurant/fast food was partially offset by weakness in retail and movies. Radio/entertainment increased 25.9 percent, or $1 million.
SOURCE Tribune Company