Broadcast up, newspapers down for Tribune


“Broadcasting operating results are notably more stable,” CEO Sam Zell said, comparing the two divisions of Tribune Company as it reported Q1 results. Total operating revenues were down 8% to $1.1 billion and operating cash flow decreased 16% to $200 million.

Broadcasting and Entertainment revenues rose 3% to $292 and operating cash flow doubled to $148 as the company sold off its studio production lot. Within the division, TV revenues were up 5% to $278 million.
But the publishing business saw revenues drop 11% to $823 million. Operating cash flow was $80 million, down from $184 million a year earlier. Publishing ad revenues were down 15%, with retail off 8%, national 10% and classified 27%.