Earnings: Tribune’s Profits Down; Online Revs Up 30 Percent

Tribune‘s Q1 profits fell 28 percent as revenue edged lower and the company absorbed stock-based compensation expenses and one-time charges. Revenue edged down 1 percent to $1.3 billion from $1.32 billion last year, with newspaper ad revenue remaining flat. Strength in classified, with interactive revenues up nearly 30 percent, was offset by declines in national and retail advertising.
Online advertising revenues were up 30 percent to $51 million, mainly due to strength in classified help wanted revenues. Some more details in earnings release.
From the earnings conference call, via a transcript by SeekingAlpha: In 2006, interactive will represent over 6% of total publishing ad revenues and 16% of the classified category. When you include our share of revenue from JVs such as CareerBuilder and Classified Ventures, 2006 interactive revenue should be in the range of $350 million.
CareerBuilder revenues totaled $157 million in Q1, up 46% year-over-year.

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