Tribune Company (NYSE: TRB) today reported its summary of revenues and newspaper advertising volume for period 1, ended Jan. 29, 2006. Consolidated revenues for the period were $472 million, down
1.1 percent from last year’s $477 million.
Publishing revenues in January were $367 million compared to last year’s $371 million, down 1.0 percent. Advertising revenues increased 0.2 percent to $289 million, compared with $288 million in January 2005.
- Retail advertising revenues increased 1.4 percent with strength in hardware/home improvement stores. Preprint revenues, which are principally included in retail, were up 0.7 percent, due primarily to gains in Chicago and Los Angeles, largely offset by a decline at Newsday. Excluding Newsday, preprints were up 7 percent.
- National advertising revenues declined 6.4 percent, due to declines in the movie category, partially offset by gains in the auto and wireless categories. The decline in movies was almost entirely due to the Los Angeles Times; excluding movies, the national category would have been up 1.8%.
- Classified advertising revenues rose 4.1 percent due to gains in help wanted and real estate, which rose 5 percent and 22 percent, respectively. Automotive classified advertising fell 10 percent. Interactive revenues, which are primarily included in classified, were $17 million, up 35 percent, due to strength in all categories.
Circulation revenues were down 4.3 percent primarily due to volume declines at most of the company’s newspapers and selectively higher discounting.
Broadcasting and entertainment group revenues in January decreased 1.2 percent to
$105 million, compared with $106 million last year. Television revenues declined 0.5 percent; weakness in auto and package goods was partially offset by increases in movies and education. Radio/entertainment revenues decreased 15.5 percent primarily due to lower syndication revenues at Tribune Entertainment.