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

Online Production for Writers and Editors

Online Production for Writers and EditorsStarting July 17, learn how to create multi-dimensional content for your digital mediums! Taught by a multiplatform journalist, Darragh Worland will teach you how to create content that is multi-dimensional and editorially relevant, use the web to its full potential, create stories that have social media campaigns built in and increase your value as as an employee. Register now!