Tuesday, October 23, 2007

Tribune"s August revenue down 5



Tribune"s August revenue down 5.2%.
(AP) ? Tribune Co., which is being taken private in a deal led by Sam Zell, said Thursday its August revenue dropped 5.2% as classified ad sales slid on sharp real estate declines. The company, whose properties include the Chicago Tribune, the Los Angeles Times and 23 television stations, said consolidated revenue for the period ended Sept. 2 fell to $391 million from $413 million in the prior year. Publishing revenue slipped 6.1% to $271 million, with ad revenue declined 7.2% to $210 million. National ad sales rose 2.8%, with increases in financial, telecom/wireless and media partially offset by declines in the resorts and auto categories. .




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