THE LA TIMES GOES DOWN, DOWN, DOWN

Michelle Malkin · ^ | January 19, 2006 | Michelle Malkin ·

[george76]

Bad news tonight for Tribune Company shareholders:

Shares in Tribune Co. tumbled Thursday after the media company reported a 6.1% drop in revenue last month on declines in both its newspaper and television businesses.

Tribune, whose holdings include 26 television stations, 11 urban U.S. dailies and Spanish-language Hoy, said December revenue fell to $539 million from $574 million a year earlier.

The company's stock fell $1.01, or 3.2%, to $30.80 in afternoon trading on the New York Stock Exchange. Tribune shares sank 28% in 2005.

Advertising revenue in the publishing division fell 4.5%to $333 million, down from $349 million.

The decline included a 5.2% decrease in retail ad revenue and a 9.6% decline in national ad revenue, mainly at the Los Angeles Times.

[george76]

[SaxxonWoods]

I've got it. We all send in checks in to open subscriptions, and then stop payment and cancel.

Frazzle city.

[george76]

"Today's poor earning report follows several previous reports of declining circulation at the LA Times."

Memo to Tribune officers:

"shoving liberalism down your readers' throats is not a good business straetgy."

http://patterico.com/2005/12/31/4057/pattericos-los-angeles-dog-trainer-year-in-review-2005/

[TChad]

They dropped Robert Scheer and everything just went to hell.

[Reactionary]

What's the use? People who write for newspapers all have the same opinions, anyway. They all think alike; they write alike. There aren't very many of them who are, in any sense, interesting. They're smug little clones.

I can find a greater variety of thought and opinion on the Internet. Newspapers are just boring.

[goodnesswins]

Perfect graph of what LIBERALISM does to a person, city, county, state, country......

[jazusamo]

Looks like when the schnoz Streisand jerked her subscription, it hurt them more than anyone anticipated.

[dsc]

Well, it couldn't happen to a nicer pack of moral lepers.

[yarddog]

Couldn't happen to nicer people. Weren't they the ones who sued FR?

[Shortstop7]

Lol.....i had forgotten about that.......

Good riddance LA Times!

[US_MilitaryRules]

I sent in their empty postage paid envelope today!

[US_MilitaryRules]

Also time to short this POS!

[LowOiL]

A month old Wall Street Journal is better than having tommorrows LA Times.

[nightdriver]

"The decline included a 5.2% decrease in retail ad revenue and a 9.6% decline in national ad revenue, mainly at the Los Angeles Times."

Maybe they will rememdy it the liberal way and jack up their ad prices to cover the shortfall.

Well, that's the way gubm'nt-operated businesses do, (post office, rapid transit systems, etc) isn't it?

[GOPJ]

bump

[george76]

How low can they go ?

[SevenofNine]

YUP that one that sue FR both LA Times and Wash Post NICE GOIN LA TIMES

[Youngman442002]

Go Internet GO..we are WINNING

[Lancey Howard]

Shares in Tribune Co. tumbled Thursday after the media company reported a 6.1% drop in revenue last month on declines in both its newspaper and television businesses.

This probably has something to do with being scared into reporting honest circulation numbers. Democrat newspapers like the LA Times NEVER find it easy to tell the truth. Surprise, surprise. I wish these "old media" Democrat newspapers and networks would just hurry up and die. They have already done enough damage to this country over the decades.