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