Tribune Company Reports Consolidated Revenues Growth in 1995

Strategic Insights -

Tribune's consolidated revenues increased by 0.3 percent in the April period, with newspaper advertising rising 6.6 percent, driven by an 8.1 percent increase in retail advertising. The company's major publishing segments, including general, classified, and "other" publishing revenues, also showed significant growth. However, the delayed opening of the Major League Baseball season negatively impacted the broadcasting and entertainment segment.

Key Takeaways:

  • Tribune's consolidated revenues rose 0.3 percent in the April period, with a 8.1 percent increase in retail advertising.
  • Newspaper advertising showed a 6.6 percent growth, driven by a 4.3 percent increase in linage.
  • "Other" publishing revenues, primarily syndicated print products, advertising placement services, and direct mail operations, were up 44.6 percent.
  • Television revenues declined 3.0 percent, and entertainment/Chicago Cubs/cable programming/development revenues were down 45.9 percent due to the loss of 18 Cubs games.
  • New media/education revenues were off 20.1 percent in April and down 1.1 percent for the year, primarily due to the timing of new-product shipments at Contemporary Books and Compton's.
  • The company announced plans to exchange its two Sacramento radio stations for Henry Broadcasting's KVOD-FM in Denver and cash, subject to FCC approval.

Statistics:

  • Consolidated revenues increased by 0.3 percent in the April period.
  • Newspaper advertising rose 6.6 percent in the April period.
  • Retail advertising increased 8.1 percent.
  • Television revenues declined 3.0 percent.
  • Entertainment/Chicago Cubs/cable programming/development revenues were down 45.9 percent.
  • New media/education revenues were off 20.1 percent in April.

Sources:

  • PRNewswire, "Tribune's Consolidated Revenues Increase 0.3 Percent in April Period"
  • Tribune Company Press Release, "Tribune Announces Plans to Exchange Sacramento Radio Stations for Denver Radio Station and Cash"
  • Company press release.