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News and Information Article
Publishing Advertising Revenues Up Slightly; Television Revenues Down 0.5%
CHICAGO, Feb. 10 /-FirstCall/ -- Tribune Company (NYSE: TRB)
today reported its summary of revenues and newspaper advertising volume for
period 1, ended Jan. 29, 2006. Consolidated revenues for the period were
$472 million, down 1.1 percent from last years $477 million.
Publishing revenues in January were $367 million compared to last years
$371 million, down 1.0 percent. Advertising revenues increased 0.2 percent to
$289 million, compared with $288 million in January 2005.
-- Retail advertising revenues increased 1.4 percent with strength in
hardware/home improvement stores. Preprint revenues, which are
principally included in retail, were up 0.7 percent, due primarily to
gains in Chicago and Los Angeles, largely offset by a decline at
Newsday. Excluding Newsday, preprints were up 7 percent.
-- National advertising revenues declined 6.4 percent, due to declines in
the movie category, partially offset by gains in the auto and wireless
categories. The decline in movies was almost entirely due to the Los
Angeles Times; excluding movies, the national category would have been
up 1.8%.
-- Classified advertising revenues rose 4.1 percent due to gains in help
wanted and real estate, which rose 5 percent and 22 percent,
respectively. Automotive classified advertising fell 10 percent.
Interactive revenues, which are primarily included in classified, were
$17 million, up 35 percent, due to strength in all categories.
Circulation revenues were down 4.3 percent primarily due to volume
declines at most of the companys newspapers and selectively higher
discounting.
Broadcasting and entertainment group revenues in January decreased 1.2
percent to $105 million, compared with $106 million last year. Television
revenues declined 0.5 percent; weakness in auto and package goods was
partially offset by increases in movies and education. Radio/entertainment
revenues decreased 15.5 percent primarily due to lower syndication revenues at
Tribune Entertainment.
This press release contains certain comments or forward-looking statements
that are based largely on the Companys current expectations and are subject
to certain risks, trends and uncertainties. Such comments and statements
should be understood in the context of Tribunes publicly available reports
filed with the Securities and Exchange Commission ("SEC"), including the most
current annual 10-K report and quarterly 10-Q report, which contain a
discussion of various factors that may affect the companys business or
financial results. These factors could cause actual future performance to
differ materially from current expectations. Tribune Company is not
responsible for updating the information contained in this press release
beyond the published date, or for changes made to this document by wire
services or Internet service providers. The Companys next 10-Q report to be
filed with the SEC may contain updates to the information included in this
release.
TRIBUNE (NYSE: TRB) is one of the countrys top media companies, operating
businesses in publishing and broadcasting. It reaches more than 80 percent of
U.S. households and is the only media organization with newspapers, television
stations and websites in the nations top three markets. In publishing,
Tribune operates 11 leading daily newspapers including the Los Angeles Times,
Chicago Tribune and Newsday, plus a wide range of targeted publications such
as Spanish-language Hoy. The companys broadcasting group operates 26
television stations, Superstation WGN on national cable, Chicagos WGN-AM and
the Chicago Cubs baseball team. Popular news and information websites
complement Tribunes print and broadcast properties and extend the companys
nationwide audience.
TRIBUNE COMPANY
SUMMARY OF REVENUES (Unaudited)
For Period 1 Ended January 29, 2006
(In thousands)
Period 1 (5 weeks)
2006 2005 %
---------- ---------- ---
Publishing
----------
Advertising
Retail $ 109,796 $ 108,330 1.4
National 72,854 77,858 (6.4)
Classified 106,372 102,202 4.1
---------- ----------
Sub-Total 289,022 288,390 0.2
Circulation 55,821 58,344 (4.3)
Other 22,367 24,261 (7.8)
---------- ----------
Segment Total (A) 367,210 370,995 (1.0)
---------- ----------
Broadcasting &
Entertainment
--------------
Television 100,260 100,775 (0.5)
Radio/Enter. 4,327 5,120 (15.5)
---------- ----------
Segment Total 104,587 105,895 (1.2)
---------- ----------
Consol. Rev. $ 471,797 $ 476,890 (1.1)
========== ==========
(A)Publishing advertising and other revenues for 2005 have been
reclassified to conform with the 2006 presentation. There was no
effect on total revenues.
TRIBUNE COMPANY
SUMMARY OF NEWSPAPER ADVERTISING VOLUME (Unaudited)(A)
For Period 1 Ended January 29, 2006
(In thousands)
Period 1 (5 weeks)
2006 2005 %
---------- ---------- ---
Full Run
--------
L.A. Times 222 232 (4.3)
Chicago Tribune 169 173 (2.3)
Newsday 125 126 (0.8)
Other Dailies (B) 1,260 1,199 5.1
---------- ----------
Total 1,776 1,730 2.7
========== ==========
Part Run
--------
L.A. Times 472 495 (4.6)
Chicago Tribune 544 575 (5.4)
Newsday 152 158 (3.8)
Other Dailies (B) 552 555 (0.5)
---------- ----------
Total 1,720 1,783 (3.5)
========== ==========
Total Advertising Inches
------------------------
Full Run
Retail 483 500 (3.4)
National 363 351 3.4
Classified 930 879 5.8
---------- ----------
Sub-Total 1,776 1,730 2.7
Part Run 1,720 1,783 (3.5)
---------- ----------
Total 3,496 3,513 (0.5)
========== ==========
Preprint Pieces
---------------
L.A. Times 344,210 328,078 4.9
Chicago Tribune 352,364 321,959 9.4
Newsday 180,656 252,811 (28.5)
Other Dailies (B) 362,015 368,240 (1.7)
---------- ----------
Total 1,239,245 1,271,088 (2.5)
========== ==========
(A)Volume for 2005 has been modified to conform with the 2006
presentation. Volume is based on preliminary internal data, which may
be updated in subsequent reports. Advertising volume is presented only
for daily newspapers.
(B)Other daily newspapers include The Baltimore Sun, South Florida Sun-
Sentinel, Orlando Sentinel, The Hartford Courant, The Morning Call,
Daily Press, The Advocate, Greenwich Time, Hoy, New York, Hoy, Chicago
and Hoy, Los Angeles.
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