TVNewser LostRemote AgencySpy PRNewser FishbowlNY FishbowlDC SocialTimes AllTwitter AllFacebook InsideFacebook InsideSocialGames InsideMobileApps

Q3 Earnings: Tribune Broadcasting Revenue Dips 6%

Tribune_buildingTribune Company reported $248 million in broadcasting revenues for the third quarter of 2013, a -6% drop compared to the year-ago quarter.

The company attributed the decline to a $9 million decrease in advertising revenue, mostly at WGN in Chicago and WPIX in New York. The declines were partially offset by higher retransmission revenues, Tribune says.

“While we are pleased with the progress we have made on key strategic initiatives in the  third quarter, our financial results in the period did not meet our expectations,” Tribune president and CEO Peter Liguori said in a statement. “We are taking targeted actions to position our broadcasting stations for profitable growth and look forward to consummating the pending acquisition of Local TV.”

Mediabistro Course

Social Media 101

Social Media 101Get hands-on social media training for beginners in our online boot camp, Social Media 101. Starting September 4, social media and marketing experts will help you determine the social media sites that matter most to you, based on your personal and professional goals. Register now!