Classified ad revs down 30 percent at The Tribune Company

11 Nov 2008

In The Tribune Company’s Q3 2008 earnings results, classified advertising revenues declined 30 percent, or $58 million, for the quarter. Real estate revenues fell by 44 percent, help wanted revenues declined 37 percent, and auto revenues were down 11 percent.

It’s been a tough period for the company. Tribune reported a Q3 loss of $124 million Monday, compared with earning

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Brian Blum

Brian Blum covers the U.S., Canada and Israel for Classified Intelligence Report, and contributes to our special reports and research projects. Originally from San Francisco and now based in Jerusalem, he has been with the AIM Group since 2004. He is the president of Blum Interactive Media, specializing in writing and multimedia content development for online, print, video and audio. His clients include newspapers, universities and non-profits. He is currently working on a book about the billion-dollar bankruptcy of a once high-flying Israeli startup.