Tribune February Revenue Falls 3 Percent
biz.yahoo ^ | March 16, 2006 | AP Staff
Tribune Revenue Falls 3 Percent in February on Advertising, Publishing Declines
CHICAGO (AP) -- Newspaper publisher Tribune Co. said Thursday its revenue fell 3 percent in February from last year, as both advertising and publishing revenue declined.
Tribune, whose papers include the Chicago Tribune and Los Angeles Times, said its revenue fell to $407.6 million in February, down from last year's $420.1 million.
The decline included publishing revenue of $313.6 million, down 2.4 percent from $321.3 million in February 2005. It also included advertising revenue of $248.3 million, down 2.2 percent from $253.8 million last year.
Tribune's advertising losses were led by an 11.5 percent decline in national advertising revenue, mainly because of lower automotive and movie advertising. Classified advertising revenue, however, rose 7.2 on gains in real estate and help wanted ads, which rose 35 percent and 5 percent, respectively.
Circulation revenue fell 3.9 percent.
In Tribune's broadcasting and entertainment business, revenue fell 4.8 percent to $94 million, compared with $98.8 million last year |
