Tribune Company (NYSE: TRB) today reported its summary of revenues and newspaper advertising volume for period 7, ended July 30, 2006. Consolidated revenues for the period were $503 million, down 1.4 percent from last year’s $510 million.
Publishing revenues in July were $353 million compared with $360 million last year, down 1.9 percent. Advertising revenues decreased 1.4 percent to $278 million, compared with $282 million in July 2005. Excluding Newsday, advertising revenues decreased 0.3 percent.
- Retail advertising revenues decreased 2.0 percent with weakness in the department store and specialty merchandise categories partially offset by strength in hardware/home improvements and amusements. Preprint revenues, which are principally included in retail, were down 1 percent. Excluding Newsday, preprint revenues increased 1 percent.
- National advertising revenues declined 3.8 percent as weakness in the movie and telecom/wireless categories was partially offset by strength in financial and healthcare.
- Classified advertising revenues rose 0.7 percent. Real estate rose 32 percent. Help wanted and automotive classified declined 8 percent and 14 percent, respectively. Interactive revenues, which are primarily included in classified, were $21 million, up 23 percent, due to strength in all categories.
Circulation revenues were down 5.6 percent. Selective discounting continued as part of the company’s strategy to stabilize individually paid circulation.
Broadcasting and entertainment group revenues in July decreased 0.3 percent to $150 million, compared with $151 million last year. Television revenues declined 4.1 percent; weakness in automotive and restaurant/fast food was partially offset by strength in movies and telecom. Radio/entertainment increased 9.0 percent due to higher Cubs ticket revenues.