Tribune Revenues Down 3.5% in October

Publishing Advertising Revenues Up 1.4%; Television Revenues Down 9.7%



Nov 15, 2005, 00:00 ET from Tribune Company

    CHICAGO, Nov. 15 /PRNewswire-FirstCall/ -- Tribune Company (NYSE:   TRB)
 today reported its summary of revenues and newspaper advertising volume for
 period 10, ended Oct. 23, 2005.  Consolidated revenues for the period were
 $439 million, down 3.5 percent from last year's $455 million.
     Publishing revenues in October were $330 million compared to last year's
 $329 million.  Advertising revenues increased 1.4 percent to $265 million,
 compared with $261 million in October 2004.
 
      -- Retail advertising revenues decreased 2.0 percent as declines in the
         food & drug store, electronics, department stores and furniture/home
         furnishing categories were partially offset by increases in the
         hardware/home improvement, personal services and amusement categories.
         Preprint revenues, which are principally included in retail, were down
         2 percent.
      -- National advertising revenues increased 2.2 percent as gains in the
         movie, financial and media categories were partially offset by
         declines in the auto, package goods and wireless categories.
      -- Classified advertising revenues rose 4.7 percent due to gains in help
         wanted and real estate, which rose 10 and 19 percent, respectively.
         Automotive classified advertising fell 13 percent.  Interactive
         revenues, which are primarily included in classified, were $16
         million, up 50 percent, due to strength in all categories.
 
     Circulation revenues were down 4.5 percent primarily due to volume
 declines at most of the company's newspapers as well as selectively higher
 discounting.
     Broadcasting and entertainment group revenues in October decreased 13.2
 percent to $109 million, compared with $126 million last year.  Television
 revenues declined 9.7 percent as advertising revenue remains soft in most
 markets.  Weakness in the auto, retail and restaurant/fast food categories was
 partially offset by increases in movies and financial/legal.
 Radio/entertainment revenues decreased 36.0 percent due to five fewer Chicago
 Cubs baseball games in period 10 this year.
     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 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 company's 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 Company's 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 country's 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 nation's 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 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.
 
 
 
                                TRIBUNE COMPANY
                        SUMMARY OF REVENUES (Unaudited)
                      For Period 10 Ended October 23, 2005
                                 (In thousands)
 
                         Period 10 (4 weeks)         Year-to-Date (43 weeks)
                         2005        2004     %        2005        2004     %
                     ----------  ----------  ---   -----------  ---------- ---
    Publishing
     ----------
     Advertising
       Retail      $  103,141  $  105,257  (2.0) $ 1,046,191  $ 1,040,633  0.5
       National        66,553      65,109   2.2      629,213      644,880 (2.4)
       Classified      94,819      90,579   4.7      972,821      924,881  5.2
                   ----------  ----------         -----------  ----------
       Sub-Total      264,513     260,945   1.4    2,648,225    2,610,394  1.4
     Circulation       45,861      48,044  (4.5)     493,967      537,225 (8.1)
     Other             19,432      20,234  (4.0)     212,104      212,508 (0.2)
                   ----------  ----------         -----------  ----------
     Segment
      Total(A)        329,806     329,223   0.2    3,354,296    3,360,127 (0.2)
                   ----------  ----------         -----------  ----------
     Broadcasting &
      Entertainment
     --------------
      Television       98,826     109,450  (9.7)   1,030,069    1,110,631 (7.3)
      Radio/Enter.     10,554      16,495 (36.0)     235,443      226,509  3.9
                   ----------  ----------         -----------  ----------
      Segment Total   109,380     125,945 (13.2)   1,265,512    1,337,140 (5.4)
                   ----------  ----------         -----------  ----------
     Consol. Rev.  $  439,186  $  455,168  (3.5) $ 4,619,808  $ 4,697,267 (1.6)
                   ==========  ==========         ===========  ==========
 
      (A) Publishing advertising and other revenues for 2004 have been
          reclassified to conform with the 2005 presentation.  There was no
          effect on total revenues.
 
 
 
                                TRIBUNE COMPANY
             SUMMARY OF NEWSPAPER ADVERTISING VOLUME (Unaudited)(A)
                      For Period 10 Ended October 23, 2005
                                 (In thousands)
 
                      Period 10 (4 weeks)         Year-to-Date (43 weeks)
                      2005        2004     %         2005        2004      %
                  ----------  ----------  ---    -----------  ----------  ---
     Full Run
     --------
     L.A. Times          172         183  (6.0)       1,808        1,968 (8.1)
     Chicago Tribune     173         176  (1.7)       1,721        1,770 (2.8)
     Newsday             119         127  (6.3)       1,266        1,289 (1.8)
     Other Dailies (B) 1,125       1,109   1.4       11,362       11,722 (3.1)
                  ----------  ----------         -----------  ----------
     Total             1,589       1,595  (0.4)      16,157       16,749 (3.5)
                  ==========  ==========         ===========  ==========
 
     Part Run
     --------
     L.A. Times          421         476 (11.6)       4,460        4,904 (9.1)
     Chicago Tribune     528         584  (9.6)       5,576        5,531  0.8
     Newsday             172         168   2.4        1,711        1,588  7.7
     Other Dailies (B)   492         498  (1.2)       5,184        5,123  1.2
                  ----------  ----------         -----------  ----------
     Total             1,613       1,726  (6.5)      16,931       17,146 (1.3)
                  ==========  ==========         ===========  ==========
 
     Total Advertising Inches
     ------------------------
     Full Run
       Retail            460         490  (6.1)       4,714        4,838 (2.6)
       National          303         313  (3.2)       3,046        3,226 (5.6)
       Classified        826         792   4.3        8,397        8,685 (3.3)
                  ----------  ----------         -----------  ----------
       Sub-Total       1,589       1,595  (0.4)      16,157       16,749 (3.5)
     Part Run          1,613       1,726  (6.5)      16,931       17,146 (1.3)
                  ----------  ----------         -----------  ----------
     Total             3,202       3,321  (3.6)      33,088       33,895 (2.4)
                  ==========  ==========         ===========  ==========
 
     Preprint Pieces
     ---------------
     L.A. Times      306,522     324,124  (5.4)   3,102,551    2,854,496  8.7
     Chicago Tribune 302,913     297,810   1.7    3,258,710    3,081,558  5.7
     Newsday         183,525     226,349 (18.9)   2,143,554    2,275,045 (5.8)
     Other Dailies
      (B)            320,055     328,881  (2.7)   3,300,069    3,290,140  0.3
                  ----------  ----------         -----------  ----------
     Total         1,113,015   1,177,164  (5.4)  11,804,884   11,501,239  2.6
                  ==========  ==========         ===========  ==========
 
      (A) Volume for 2004 has been modified to conform with the 2005
          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.
 
 

SOURCE Tribune Company
    CHICAGO, Nov. 15 /PRNewswire-FirstCall/ -- Tribune Company (NYSE:   TRB)
 today reported its summary of revenues and newspaper advertising volume for
 period 10, ended Oct. 23, 2005.  Consolidated revenues for the period were
 $439 million, down 3.5 percent from last year's $455 million.
     Publishing revenues in October were $330 million compared to last year's
 $329 million.  Advertising revenues increased 1.4 percent to $265 million,
 compared with $261 million in October 2004.
 
      -- Retail advertising revenues decreased 2.0 percent as declines in the
         food & drug store, electronics, department stores and furniture/home
         furnishing categories were partially offset by increases in the
         hardware/home improvement, personal services and amusement categories.
         Preprint revenues, which are principally included in retail, were down
         2 percent.
      -- National advertising revenues increased 2.2 percent as gains in the
         movie, financial and media categories were partially offset by
         declines in the auto, package goods and wireless categories.
      -- Classified advertising revenues rose 4.7 percent due to gains in help
         wanted and real estate, which rose 10 and 19 percent, respectively.
         Automotive classified advertising fell 13 percent.  Interactive
         revenues, which are primarily included in classified, were $16
         million, up 50 percent, due to strength in all categories.
 
     Circulation revenues were down 4.5 percent primarily due to volume
 declines at most of the company's newspapers as well as selectively higher
 discounting.
     Broadcasting and entertainment group revenues in October decreased 13.2
 percent to $109 million, compared with $126 million last year.  Television
 revenues declined 9.7 percent as advertising revenue remains soft in most
 markets.  Weakness in the auto, retail and restaurant/fast food categories was
 partially offset by increases in movies and financial/legal.
 Radio/entertainment revenues decreased 36.0 percent due to five fewer Chicago
 Cubs baseball games in period 10 this year.
     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 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 company's 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 Company's 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 country's 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 nation's 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 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.
 
 
 
                                TRIBUNE COMPANY
                        SUMMARY OF REVENUES (Unaudited)
                      For Period 10 Ended October 23, 2005
                                 (In thousands)
 
                         Period 10 (4 weeks)         Year-to-Date (43 weeks)
                         2005        2004     %        2005        2004     %
                     ----------  ----------  ---   -----------  ---------- ---
    Publishing
     ----------
     Advertising
       Retail      $  103,141  $  105,257  (2.0) $ 1,046,191  $ 1,040,633  0.5
       National        66,553      65,109   2.2      629,213      644,880 (2.4)
       Classified      94,819      90,579   4.7      972,821      924,881  5.2
                   ----------  ----------         -----------  ----------
       Sub-Total      264,513     260,945   1.4    2,648,225    2,610,394  1.4
     Circulation       45,861      48,044  (4.5)     493,967      537,225 (8.1)
     Other             19,432      20,234  (4.0)     212,104      212,508 (0.2)
                   ----------  ----------         -----------  ----------
     Segment
      Total(A)        329,806     329,223   0.2    3,354,296    3,360,127 (0.2)
                   ----------  ----------         -----------  ----------
     Broadcasting &
      Entertainment
     --------------
      Television       98,826     109,450  (9.7)   1,030,069    1,110,631 (7.3)
      Radio/Enter.     10,554      16,495 (36.0)     235,443      226,509  3.9
                   ----------  ----------         -----------  ----------
      Segment Total   109,380     125,945 (13.2)   1,265,512    1,337,140 (5.4)
                   ----------  ----------         -----------  ----------
     Consol. Rev.  $  439,186  $  455,168  (3.5) $ 4,619,808  $ 4,697,267 (1.6)
                   ==========  ==========         ===========  ==========
 
      (A) Publishing advertising and other revenues for 2004 have been
          reclassified to conform with the 2005 presentation.  There was no
          effect on total revenues.
 
 
 
                                TRIBUNE COMPANY
             SUMMARY OF NEWSPAPER ADVERTISING VOLUME (Unaudited)(A)
                      For Period 10 Ended October 23, 2005
                                 (In thousands)
 
                      Period 10 (4 weeks)         Year-to-Date (43 weeks)
                      2005        2004     %         2005        2004      %
                  ----------  ----------  ---    -----------  ----------  ---
     Full Run
     --------
     L.A. Times          172         183  (6.0)       1,808        1,968 (8.1)
     Chicago Tribune     173         176  (1.7)       1,721        1,770 (2.8)
     Newsday             119         127  (6.3)       1,266        1,289 (1.8)
     Other Dailies (B) 1,125       1,109   1.4       11,362       11,722 (3.1)
                  ----------  ----------         -----------  ----------
     Total             1,589       1,595  (0.4)      16,157       16,749 (3.5)
                  ==========  ==========         ===========  ==========
 
     Part Run
     --------
     L.A. Times          421         476 (11.6)       4,460        4,904 (9.1)
     Chicago Tribune     528         584  (9.6)       5,576        5,531  0.8
     Newsday             172         168   2.4        1,711        1,588  7.7
     Other Dailies (B)   492         498  (1.2)       5,184        5,123  1.2
                  ----------  ----------         -----------  ----------
     Total             1,613       1,726  (6.5)      16,931       17,146 (1.3)
                  ==========  ==========         ===========  ==========
 
     Total Advertising Inches
     ------------------------
     Full Run
       Retail            460         490  (6.1)       4,714        4,838 (2.6)
       National          303         313  (3.2)       3,046        3,226 (5.6)
       Classified        826         792   4.3        8,397        8,685 (3.3)
                  ----------  ----------         -----------  ----------
       Sub-Total       1,589       1,595  (0.4)      16,157       16,749 (3.5)
     Part Run          1,613       1,726  (6.5)      16,931       17,146 (1.3)
                  ----------  ----------         -----------  ----------
     Total             3,202       3,321  (3.6)      33,088       33,895 (2.4)
                  ==========  ==========         ===========  ==========
 
     Preprint Pieces
     ---------------
     L.A. Times      306,522     324,124  (5.4)   3,102,551    2,854,496  8.7
     Chicago Tribune 302,913     297,810   1.7    3,258,710    3,081,558  5.7
     Newsday         183,525     226,349 (18.9)   2,143,554    2,275,045 (5.8)
     Other Dailies
      (B)            320,055     328,881  (2.7)   3,300,069    3,290,140  0.3
                  ----------  ----------         -----------  ----------
     Total         1,113,015   1,177,164  (5.4)  11,804,884   11,501,239  2.6
                  ==========  ==========         ===========  ==========
 
      (A) Volume for 2004 has been modified to conform with the 2005
          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.
 
 SOURCE  Tribune Company