Skip to main content

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.