Tribune Company (NYSE: TRB) today reported its summary of revenues and newspaper advertising volume for period 11, ended Nov. 19, 2006. Consolidated revenues for the period were $433 million, up 0.8 percent from last year’s $429 million.
Publishing revenues in November were $326 million compared with $330 million last year, down 1.0 percent. Advertising revenues decreased 0.3 percent to $262 million, compared with $263 million in November 2005.
- Retail advertising revenues increased 1.6 percent; strength in hardware/home improvements and amusements was partially offset by weakness in the department store category. Both retail advertising revenues and preprint revenues reflect the Los Angeles Times’ new preprint distribution agreement with ADVO. Preprint revenues, which are principally included in retail, were up 3 percent. Excluding Newsday, preprint revenues increased 5 percent.
- National advertising revenues declined 1.7 percent; weakness in the telecom/wireless, auto and resorts categories was partially offset by strength in transportation.
- Classified advertising revenues decreased 1.7 percent. Real estate rose 6 percent. Help wanted and automotive classified declined 6 percent and 5 percent, respectively. Interactive revenues, which are primarily included in classified, were $19 million, up 29 percent, due to strength in all categories.
Circulation revenues were down 6.0 percent due largely to continued selective home delivery discounting.
Broadcasting and entertainment group revenues in November increased 6.9 percent to $107 million, compared with $100 million last year. Television revenues rose 9.4 percent; strength in political, movies and telecom was partially offset by weakness in auto, retail and restaurant/fast food. Radio/entertainment decreased 26.5 percent or $2 million.