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Tribune Revenues Increase
0.9% in November
Publishing
revenues up 2.6%
Television
revenues down 2.4%
Company
executives to present at media conferences
CHICAGO,
December 6, 2004 -- Tribune
Company (NYSE: TRB) today reported its summary of revenues
and newspaper advertising volume for period 11, ended
Nov. 21, 2004. Consolidated revenues for the period were
$455 million, up 0.9 percent from last year’s $451
million.
Publishing revenues in November were
$339 million, 2.6 percent higher than last year’s
$330 million. Advertising revenues increased 4.2 percent
to $269 million, compared with $258 million in November 2003.
Total advertising inches were up 7 percent, while preprint
pieces increased 10 percent.
Retail, national and classified advertising revenues include
both print and interactive revenues for 2004 and 2003.
- Retail advertising revenues
increased 5.3 percent due to strength in the food, home
furnishings and other retail categories, partially offset
by weakness in department stores. Preprint revenues,
which are principally included in retail, were up 7 percent.
Full run retail linage was up 12 percent in the period.
- National
advertising revenues increased 1.1 percent as strength
in the hi-tech and auto manufacturers categories was
partially offset by weakness in the movies/entertainment,
travel/resorts and financial categories. Full run national
volume was up 11 percent.
- Classified advertising revenues
rose 5.5 percent due to gains in help wanted and real estate,
which were up 10 and 13 percent, respectively. Auto classified
advertising fell 1 percent. Full run classified volume
was down 2 percent in the period. Interactive revenues,
which are primarily included in classified, were
$11 million, up 31 percent, due to strength in all categories.
Broadcasting
and Entertainment group revenues in November were down
3.7 percent to $116 million, compared with $121 million
last year. Television revenues decreased
2.4 percent. Weakness in movies was partially offset by increases
in telecom and education. Radio/entertainment revenues fell
$1.7 million due to fewer syndicated shows being produced. Media Week Conferences
Tribune Company executives will discuss
the company’s
business strategies Wednesday, Dec. 8, during the Credit
Suisse First Boston and UBS Media Week conferences in New
York City.
Tribune’s presentation at the Credit Suisse First
Boston conference takes place at the Plaza Hotel at 11:15
a.m. ET (10:15 a.m. CT, 8:15 a.m. PT). Tribune’s presentation
at the UBS conference will begin at 1:30 p.m. ET (12:30 p.m.
CT, 10:30 a.m. PT) and take place at the Grand Hyatt. Presenting
at both events will be Dennis FitzSimons, Tribune chairman,
president and chief executive officer; Scott Smith, Tribune
Publishing chief operating officer; and Pat Mullen, Tribune
Broadcasting president.
Live Webcasts of the presentations will
be available through Tribune Company’s website, www.tribune.com.
Archives of the Webcasts will be available for four weeks.
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This
press release contains certain comments or forward-looking
statements that are based largely on the Company’s current expectations
and are subject to certain risks, trends and uncertainties.
Such comments and statements should be understood in
the context of Tribune’s publicly available reports
filed with the 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
company’s business. 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.
TRIBUNE (NYSE: TRB) is one
of the country’s top
media companies, operating businesses in broadcasting
and publishing. It reaches more than 80 percent of U.S.
households and is the only media organization with television
stations, newspapers and websites in the nation’s
top three markets. In publishing, Tribune operates 14
leading daily newspapers including the Los Angeles Times,
Chicago Tribune, Newsday and Spanish-language Hoy, plus
a wide range of targeted publications. The company’s
broadcasting group operates 26 television stations, Superstation
WGN on national cable, Chicago’s WGN-AM and the
Chicago Cubs baseball team. Popular news and information
websites complement Tribune’s print and broadcast
properties and extend the company’s nationwide
audience.
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