Tribune Company (TRB) Reports Decline in January Revenues
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Tribune Company (NYSE: TRB) reported its summary of revenues and newspaper advertising volume for period 1, ended February 4. Consolidated revenues for the period were $442 million, down 5.0% from last year's $465 million.
Publishing revenues in January were $345 million compared with $367 million last year, down 6.0%. Advertising revenues decreased 7.3% to $268 million, compared with $289 million in January 2006.
Circulation revenues were down 5.2% due to single copy declines and continued selective discounting in home delivery.
Broadcasting and entertainment group revenues in January decreased 1.4%vto $97 million compared with $98 million last year. Television revenues fell 1.5%; weakness in auto and retail was partially offset by strength in restaurant/fast food and telecom. Radio/entertainment decreased 0.7%.
Publishing revenues in January were $345 million compared with $367 million last year, down 6.0%. Advertising revenues decreased 7.3% to $268 million, compared with $289 million in January 2006.
Circulation revenues were down 5.2% due to single copy declines and continued selective discounting in home delivery.
Broadcasting and entertainment group revenues in January decreased 1.4%vto $97 million compared with $98 million last year. Television revenues fell 1.5%; weakness in auto and retail was partially offset by strength in restaurant/fast food and telecom. Radio/entertainment decreased 0.7%.
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