Weak spots included automotive and restaurant/fast food advertising. Company as a whole is down 1.4%.
Tribune Co., whose board is publicly bickering over strategy and finances, could use some good news from its operating divisions. But no such luck.
The company reported today that consolidated revenue fell 1.4% in July compared with the same month a year earlier—from $510 million to $503 million.
Television revenue declined 4.1%, it said. Weakness in automotive and restaurant/fast food advertising was partially offset by strength in movies and telecom.
Publishing revenues in July were $353 million compared with $360 million last year, down 1.9%. Advertising revenues decreased 1.4% to $278 million, compared with $282 million in July 2005.
One bright spot: radio/entertainment increased 9% due to higher Chicago Cubs ticket revenues.