Tribune (TRB) Reports a Decrease in November Revenues

Tribune Company (NYSE: TRB) reported its summary of revenues and newspaper advertising volume for period 11, ended Nov. 25, 2007. Consolidated revenues for the period were $413 million, down 3.3% from last year's $428 million. Consolidated operating expenses were 5.0% lower than period 11 last year.

Publishing revenues in November were $309 million compared with $321 million last year, down 3.5%. Advertising revenues decreased 4.9% to $244 million, compared with $257 million in November 2006. Advertising revenues benefited from the shift in the Thanksgiving holiday week from period 12 in 2006 to period 11 this year.

Broadcasting and entertainment group revenues in November were $104 million, down 2.6%, due to decreases in television group revenue, partially offset by increases in radio/entertainment revenues. Television revenues fell 4.8% due to the absence of political advertising, partially offset by strength in several categories including retail, corporate, health, food/packaged goods, telecom and restaurant/fast food.

Circulation revenues were down 4.6% due to single-copy declines and continued selective discounting in home delivery.

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