Predictably, Robinson offered that the "print advertising environment remains very challenging." And, while telecommunications, residential real estate and automotive industries proved losers for the quarter, international advertising was the clear winner, rising 23 percent. In addition, books, fine arts and live entertainment ads increased — although Robinson reported a 4 percent decrease in ad sales for the Times Media Group.
The company plans to roll out more products this year, including additional issues of T: Beauty Magazine, Key Magazine and more themed issues and sections. The Boston Globe also will unveil its new monthly magazine, Fashion Boston, next month to more than 100,000 of its high-income households in Boston and surrounding areas. — Amy Wicks
MORE FALLS: The Tribune Co. also released its first-quarter earnings Thursday, and operating revenue was down 5 percent, or $54 million compared with the first quarter of 2006, in the publishing division, while ad revenues decreased 6 percent, or $47 million. In a statement, Dennis FitzSimons, chairman, president and chief executive officer, said the print ad environment was challenging due to softness in the classified category. Classified ad sales dropped 14 percent for the quarter and national ad sales were down 2 percent. He added that the company's interactive division generates significant growth while its newspapers also continue to expand. The Los Angeles Times launched new fashion and travel sections and RedEye will add a weekend edition in May. RedEye, an edition of the Chicago Tribune, is a free daily tabloid newspaper. The company decided not to hold a first-quarter earnings conference call due to its April 2 announcement that it accepted Sam Zell's bid to acquire it, and it will go private. — A.W.
The company plans to roll out more products this year, including additional issues of T: Beauty Magazine, Key Magazine and more themed issues and sections. The Boston Globe also will unveil its new monthly magazine, Fashion Boston, next month to more than 100,000 of its high-income households in Boston and surrounding areas. — Amy Wicks
MORE FALLS: The Tribune Co. also released its first-quarter earnings Thursday, and operating revenue was down 5 percent, or $54 million compared with the first quarter of 2006, in the publishing division, while ad revenues decreased 6 percent, or $47 million. In a statement, Dennis FitzSimons, chairman, president and chief executive officer, said the print ad environment was challenging due to softness in the classified category. Classified ad sales dropped 14 percent for the quarter and national ad sales were down 2 percent. He added that the company's interactive division generates significant growth while its newspapers also continue to expand. The Los Angeles Times launched new fashion and travel sections and RedEye will add a weekend edition in May. RedEye, an edition of the Chicago Tribune, is a free daily tabloid newspaper. The company decided not to hold a first-quarter earnings conference call due to its April 2 announcement that it accepted Sam Zell's bid to acquire it, and it will go private. — A.W.
ADD A COMMENT
Sign in using your Facebook or Twitter account, or simply type your comment below as a guest by entering your email and name. Your email address will not be shared.