Tribune Profit Declines on Lower Newspaper Ad Revenue
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Tribune said its third-quarter earnings dropped 7 percent, beating expectations, adding that the housing slump and lower consumer spending worsened advertising revenue.
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Tribune Publishing on Friday again lowered circulation figures for its Newsday and Hoy newspapers, saying Newsday&#39;s daily circulation had been misstated by as many as 100,000 copies.
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Publisher and broadcaster Tribune Co.  TRB.N on Wednesday said third-quarter earnings would lag Wall  Street estimates because of lower-than-expected publishing and  broadcasting revenue.
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Tribune Co. (TRB.N: Quote, Profile, Research) on Thursday said quarterly profit slumped 32 percent, hurt by costs to reimburse advertisers after a circulation scandal
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The newspaper publisher and television station operator said fourth-quarter profit dropped 70 percent, hurt by a write-down and less political advertising revenue.
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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.
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Interpublic posted slightly lower quarterly revenue but swung to a profit as expenses fell and public relations clients increased spending.
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Kellogg Co  on Wednesday posted lower quarterly profit, hit by rising costs for wheat and other commodities and increased spending on advertising.
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NEW YORK (CBS.MW) - The New York Times on Thursday lowered its fourth-quarter earnings outlook on softer-than-expected advertising revenue and set plans to expense employee stock options.
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Internet media company Yahoo Inc.  on Tuesday reported a dip in quarterly profit, weighed down by weak display advertising, and gave a weaker-than-expected forecast through the end of 2007.
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The New York Times Co. (NYT.N: Quote, Profile, Research) on Wednesday reported lower quarterly net profit on inconsistent advertising sales, but said that ad trends have
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Google Inc  reported a  lower-than-expected quarterly profit on Thursday and predicted  further spending to shore up its operations, sending its shares  down as much as 9.5 percent.
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Gannett, the nationâs largest newspaper publisher, reported earnings of $365.7 million in the second quarter, but revenues fell when gains from the sale of several newspapers were excluded.
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Internet media company Yahoo Inc.  on Tuesday reported a dip in quarterly profit in line with previously lowered expectations, weighed down by weak brand advertising and recent management turmoil.
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Manchester United reported lower annual profits of 27.9 million pounds from 39.3 milllion last time and warned future results would be affected by a drop in media revenues.
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Design software maker Adobe  Systems Inc.  on Thursday posted lower second-quarter  net income, weighed down by higher costs related to its  acquisition of Macromedia.
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The New York Times Company reported a fourth-quarter profit of $53 million as revenue dropped, but it continued to fare better than most of its peers across the troubled newspaper industry.