Sagging Print Revenues at Newspapers, Online Up

For some reason, this post didn’t go live yesterday. The NY Times rounds up Q3 results from its own parent as well as the Tribune Co., which also owns (for now) the LA Times:

For the third quarter, The Times Company’s overall revenue declined to $739,6 million, 2.4 percent less than the comparable quarter last year, mainly because of a 4.2 percent fall in advertising revenue, the company reported. At Tribune, revenue fell to $1.35 billion, a 2.5 percent decline from a year earlier; revenue from print advertising fell 2.2 percent, mostly because of weak sales at Newsday . . . Restructuring activities at both companies weighed significantly on their financial results for the quarter.

Continued flat or negative revenue performance will force more cost-cutting.

For its part the Tribune’s LA Times is embarking on an ambitious “Manhattan Project” to chart its ditigal future.

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Here’s more on the Times, Tribune and Belo Q3 revenues from PaidContent. Here Peter Krasilovsky critically examines Tribune’s remark that 80% of its online revenue comes from classifieds.