Tribune Slips in July
WGN and TV-station-group owner Tribune said its television revenues dropped 4.1% in July.
The company -- which also owns the Los Angeles Times, the Chicago Tribune and other major newspapers -- attributed the decline in TV revenue to weakness in ad revenue from the automotive and restaurant/fast-food sectors, which was partially offset by strength in revenue from telecommunications and movie ads.
Overall revenue at its broadcasting and entertainment group decreased by 0.3% in July to $150 million, compared with $151 million in July 2005, Tribune said Tuesday.
The good news: Tribune said radio/entertainment revenue jumped 9% due to higher revenue from its Chicago Cubs Major League Baseball unit.
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