Tribune Company (NYSE: TRB) today reported its summary of revenues and newspaper advertising volume for period 11, ended
Nov. 21, 2004. Consolidated revenues for the period were $455 million, up 0.9 percent from last year’s $451 million.
Publishing revenues in November were $339 million, 2.6 percent higher than last year’s
$330 million. Advertising revenues increased 4.2 percent to $269 million, compared with $258 million in November 2003. Total advertising inches were up 7 percent, while preprint pieces increased 10 percent.
Retail, national and classified advertising revenues include both print and interactive revenues for 2004 and 2003.
- Retail advertising revenues increased 5.3 percent due to strength in the food, home furnishings and other retail categories, partially offset by weakness in department stores. Preprint revenues, which are principally included in retail, were up 7 percent. Full run retail linage was up 12 percent in the period.
- National advertising revenues increased 1.1 percent as strength in the hi-tech and auto manufacturers categories was partially offset by weakness in the movies/entertainment, travel/resorts and financial categories. Full run national volume was up 11 percent.
- Classified advertising revenues rose 5.5 percent due to gains in help wanted and real estate, which were up 10 and 13 percent, respectively. Auto classified advertising fell 1 percent. Full run classified volume was down 2 percent in the period. Interactive revenues, which are primarily included in classified, were $11 million, up 31 percent, due to strength in all categories.
Broadcasting and Entertainment group revenues in November were down 3.7 percent to $116 million, compared with $121 million last year. Television revenues decreased
2.4 percent. Weakness in movies was partially offset by increases in telecom and education. Radio/entertainment revenues fell $1.7 million due to fewer syndicated shows being produced.
Media Week Conferences
Tribune Company executives will discuss the company’s business strategies Wednesday, Dec. 8, during the Credit Suisse First Boston and UBS Media Week conferences in New York City.
Tribune’s presentation at the Credit Suisse First Boston conference takes place at the Plaza Hotel at 11:15 a.m. ET (10:15 a.m. CT, 8:15 a.m. PT). Tribune’s presentation at the UBS conference will begin at 1:30 p.m. ET (12:30 p.m. CT, 10:30 a.m. PT) and take place at the Grand Hyatt. Presenting at both events will be Dennis FitzSimons, Tribune chairman, president and chief executive officer; Scott Smith, Tribune Publishing chief operating officer; and Pat Mullen, Tribune Broadcasting president.
Live Webcasts of the presentations will be available through Tribune Company’s website, www.tribune.com. Archives of the Webcasts will be available for four weeks.