Clear Channel Radio Ad Revenue Slips
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Clear Channel Communications Inc.  CCU.N, the largest U.S. radio station chain, on Friday posted  higher operating earnings, but radio advertising revenue fell  on weak sales to its automotive and telecommunications  customers.
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CHICAGO -- Tribune Co. said Friday its revenue fell 5.9 percent last month on a continuing tailspin in classified advertising sales that resulted in an even steeper decline in its newspaper division.
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The newspaper publisher and television station operator said  third-quarter profit fell to $2.5 million as ad revenue slumped.
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XM Satellite Radio Holdings Inc  posted a wider quarterly loss on Thursday as higher marketing costs overshadowed a strong increase in subscriptions to its pay-radio service by car owners.
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The countryâs largest newspaper publisher said Friday that its fourth-quarter profit dropped because of a decline in broadcasting revenue and weak newspaper ad sales.
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U.S.-based online advertising firm Burst Media  said on Wednesday results for 2007 are likely to come in below market forecasts because of higher-than-expected ad campaign cancellations.
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The owner of several Denver-area radio stations, and other properties in 63 countries worldwide, says third-quarter earnings dropped 59 percent from last year -- but still beat analysts&#39; expectations.
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A SLUMPING advertising share saw a surly Kerry Stokes yesterday issue a major earnings downgrade for the Seven Network. Mr Stokes said advertisers had deserted his struggling television station during November.
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Sirius Satellite Radio  said on Monday that retail sales since the Thanksgiving weekend have been less than it expected and it now sees 5.9 million to 6.1 million subscribers by year's end.
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Shares of Sirius Satellite Radio Inc.  fell more than 7 percent on Tuesday after the pay-radio provider cut its fourth- quarter subscriber target, citing disappointing sales over the U.S. Thanksgiving holiday weekend.
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Sales were lower than expected, and the quality of earnings is in question.
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Gannett Co. Inc. , the largest U.S. newspaper publisher, said on Wednesday its quarterly revenue fell because of weaker advertising sales at its local papers, while profit rose with the sale of four papers.
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Ad spending was mostly  tepid in the first quarter, with network and spot TV falling  compared with last year&#39;s Olympics and both the newspaper and  radio sectors also weak.
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U.S. advertising spending rose a  disappointing 4.1 percent last year, hurt by cutbacks by  carmakers General Motors Corp.  and DaimlerChrysler  (DCXGn.DE) , tracking firm TNS Media Intelligence said  on Tuesday.
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Advertising revenue was down by 8.5% in May; it has to find a way to stop the declines.
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With 2007 poised to be its seventh  straight year of slow to no growth, the $20 billion U.S. radio  industry hopes to break the trend with political advertising  and revenues from nontraditional sources in 2008.
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An extra week in the quarter helped increase newspaper ad sales, but the company forecast a continued decline in circulation revenue this year.