Tribune TV ad revenues down slightly
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NEW YORK -- Tribune Co., publisher of the Chicago Tribune, said Wednesday that revenues from television advertising were down slightly in the fourth quarter due to continued weakness in the movie advertising category.
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A leading forecaster of advertising spending has again lowered his estimate for growth in the U.S. this year.
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NEW YORK (CBS.MW) - Goldman Sachs downgraded Tribune Co. Friday, saying the media company&#39;s circulation woes will soon translate into lower advertising revenue.
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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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EBay will once again advertise on Google's U.S. AdWords network, but its spending on it will be significantly lower.
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Tribune Co , which is going  private in an $8.2 billion deal led by Chicago real estate  tycoon Sam Zell, on Wednesday reported lower quarterly profit  and revenue as advertising sales fell at its newspapers.
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Publisher and broadcaster Tribune Co.  TRB.N on Wednesday said third-quarter earnings would lag Wall  Street estimates, hurt by lower-than-expected political  advertising at its television stations.
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So much for the notion that any publicity &#151; even bad publicity &#151; is helpful: Ratings hardly went up for the Cartoon Network show with the ad campaign that briefly paralyzed Boston.
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U.S. advertising spending is expected  to grow this year at an even slower rate than previously  forecast, as a sluggish economy has corporations scaling back  budgets and looking for less expensive marketing choices,  according to a new report.
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Television viewers in the Midwest got an eyeful of politics during local newscasts last month, but most of it was in the ads, not the news.
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Annual profits at broadcaster ITV fall  as a result of a continuing decline in advertising revenues.
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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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Top satellite television operator  DirecTV Group Inc  said it expected subscription growth  to be "down a bit" in 2008 after a co-marketing deal with AT&T  Inc's  BellSouth ends.
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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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ITV, the biggest British commercial television network, on Wednesday forecast further falls in crucial advertising revenues after a poor 2006 -- a year in which it also got a new chief executive and faced a takeover bid.
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Tribune Co.  shares have been trading significantly below the price offered in an $8.2 billion buyout of the media company led by Chicago real estate magnate Sam Zell, a sign of nervousness over whether the deal will be completed.
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NEW YORK The broadcast networks&#39; upfront revenue take could decline this year to about $8.5 billion from last year&#39;s $8.75 billion for a number of reasons.