Tribune (TRB) Reports Revenues for Period 2
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Tribune Company (NYSE: TRB) 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% from last year's $398 million.
Publishing revenues in February were $294 million compared with $310 million last year, down 5.1%. Advertising revenues decreased 5.1% to $233 million, compared with $245 million in February 2006.
Circulation revenues were down 7.0% due to single-copy declines and continued selective discounting in home delivery.
Broadcasting and entertainment group revenues in February increased 2.4% to $90 million compared with $88 million last year. Television revenues rose 1.0%; strength in telecom and restaurant/fast food was partially offset by weakness in retail and movies. Radio/entertainment increased 25.9%, or $1 million.
Publishing revenues in February were $294 million compared with $310 million last year, down 5.1%. Advertising revenues decreased 5.1% to $233 million, compared with $245 million in February 2006.
Circulation revenues were down 7.0% due to single-copy declines and continued selective discounting in home delivery.
Broadcasting and entertainment group revenues in February increased 2.4% to $90 million compared with $88 million last year. Television revenues rose 1.0%; strength in telecom and restaurant/fast food was partially offset by weakness in retail and movies. Radio/entertainment increased 25.9%, or $1 million.
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