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Tribune falls after warning, downgrade, (LA Slimes and Chicago Tribune)
CBS.MarketWatch.com. ^ | 8 June 2004 | Russ Britt

Posted on 06/08/2004 8:30:53 AM PDT by Grampa Dave

Tribune falls after warning, downgrade

By Russ Britt, CBS.MarketWatch.com

Last Update: 11:01 AM ET June 8, 2004

LOS ANGELES (CBS.MW) -- Shares of Tribune Co. dropped 4 percent Tuesday in the wake of the newspaper publisher's warning on sales projections and a downgrade from a Wall Street analyst.

Chicago-based Tribune (TRB: news, chart, profile) fell $1.88 to $46.80 after the company said Monday it expects sales growth to be slower than expected within its publishing group and will have to take a $10 million to $15 million charge in the second quarter to make up for it.

That prompted A.G. Edwards analyst Michael Kupinski to downgrade Tribune stock to "hold" from "buy." Kupinski said, however, that Tribune's downside should be "limited."

"In our view, the likely catalyst toward higher stock valuations will be positive earnings surprises and sequential growth in quarterly revenues," Kupinski wrote in a note issued Tuesday. "Patient investors willing to wait an upturn in revenue growth at the company, which appears possible in a favorable economic environment, are encouraged to retain positions."

The publisher of the Los Angeles Times and Chicago Tribune said it will take the charge because it is reducing expense growth from 5.5 percent down to 3 percent. Tribune officials said, however, they still expect to fall within analyst estimates for the quarter.

Tribune is cutting 200 staff positions, undertaking newsprint conservation programs and reducing spending in all departments. Company officials said the growth plans that existed earlier in the year weren't meeting expectations.

"Although help wanted advertising is improving month-over-month, and preprints year-to-date are delivering strong growth, other advertising categories are not meeting the aggressive plans we had for the year," Jack Fuller, president of Tribune Publishing, said in a statement. "The shortfall is limited to a few newspapers, including the Los Angeles Times."

Tribune expects sales growth of roughly 4 percent for the full year.

The company put out its warning as it announced sales were up 3.2 percent for a roughly monthlong period ended May 23.

Russ Britt is the Los Angeles Bureau Chief for CBS.MarketWatch.com.


TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS: ccrm; newspapers
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More good news as another arrogant group of liberal fishwraps lose value.

The LA Slimes and the Trib continue to turn off subscribers, and that is apparently impacting the advertisers.

1 posted on 06/08/2004 8:30:54 AM PDT by Grampa Dave
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To: weegee

FYI and ping list.


2 posted on 06/08/2004 8:31:23 AM PDT by Grampa Dave ( America is in war for its survival and can't have a 9/10 al Querry elected!)
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To: Grampa Dave

Liberal propaganda doesn't seem to sell anymore...


3 posted on 06/08/2004 8:32:51 AM PDT by 2banana (They want to die for Islam and we want to kill them)
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To: Grampa Dave

These people must be watching the cubs for the past two weeks.


4 posted on 06/08/2004 8:33:16 AM PDT by dts32041 (What is the exit strategy for Europe and Japan ? - I don't think there was one, we are still there..)
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To: Grampa Dave

I don't get any newspapers anymore. I miss out a little on local news but so what? I basically get all my information here.


5 posted on 06/08/2004 8:35:23 AM PDT by johniegrad
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To: 2banana

Liberal spins,lies, propaganda and the DNC agenda seem to have less sales each day, month, and year when they pretend to be news.


6 posted on 06/08/2004 8:35:39 AM PDT by Grampa Dave ( America is in war for its survival and can't have a 9/10 al Querry elected!)
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To: dts32041

Cubs? Who are they? :)


7 posted on 06/08/2004 8:36:30 AM PDT by Grampa Dave ( America is in war for its survival and can't have a 9/10 al Querry elected!)
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To: Grampa Dave
Liberal spins,lies, propaganda and the DNC agenda seem to have less sales each day, month, and year when they pretend to be news.

How are these socialist newspapers supposed to compete with taxpayer funded socialist radio (NPR)...

8 posted on 06/08/2004 8:38:03 AM PDT by 2banana (They want to die for Islam and we want to kill them)
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To: Grampa Dave
Capitalism at work.

In competing markets for information, news that parades as propaganda doesn't sell in a free society.

Life must suck to be a liberal

9 posted on 06/08/2004 8:39:11 AM PDT by JZoback ("There's a pony in here somewhere")
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To: johniegrad

We take the local newspaper due to my wife and they have a fair coverage of local news.

Interesting enough, there seems to be a battle going on with the new editor and his masters and the liberals he inherited. He seems more interested in the news instead of advancing the left wing agenda.

We stopped taking the Slime and Newsweak weekly DNC agenda posing as weekly news during Reagans first year as president.

Then we discontinued the San Francisco GayRhonicle during the 1992 election.

We haven't watched ABCNNBC BS phoney nightly news for 4 years, since we got Dish.

Like you, my news basically comes from Free Republic.


10 posted on 06/08/2004 8:40:49 AM PDT by Grampa Dave ( America is in war for its survival and can't have a 9/10 al Querry elected!)
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To: Grampa Dave
More good news as another arrogant group of liberal fishwraps lose value.

What an insult to fish.LOL! Even birdcages reject the LA Slimes.

11 posted on 06/08/2004 8:41:20 AM PDT by Mister Baredog ((Reagan, a giant who walked amoung midgets in Washington)))
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To: JZoback

You mean propaganda that parades as news?


12 posted on 06/08/2004 8:41:28 AM PDT by sam_paine (X .................................)
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To: JZoback

You have just summarized what is happening to the Left Wing controlled media:

"Capitalism at work."

"In competing markets for information, news that parades as propaganda doesn't sell in a free society.

"Life must suck to be a liberal1"


13 posted on 06/08/2004 8:42:29 AM PDT by Grampa Dave ( America is in war for its survival and can't have a 9/10 al Querry elected!)
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To: JZoback

You have just summarized what is happening to the Left Wing controlled media:

"Capitalism at work."

"In competing markets for information, news that parades as propaganda doesn't sell in a free society.

"Life must suck to be a liberal1"


14 posted on 06/08/2004 8:42:33 AM PDT by Grampa Dave ( America is in war for its survival and can't have a 9/10 al Querry elected!)
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To: Mister Baredog

The fish are dead, so they can't protest.

The birds are still alive and don't want the LA/NY Slimes or the Trib on the bottom of their cages.


15 posted on 06/08/2004 8:44:54 AM PDT by Grampa Dave ( America is in war for its survival and can't have a 9/10 al Querry elected!)
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To: Grampa Dave

MSM TABLOIDS going down hill,kerry must not be news any more with all the FLIP-FLOPPING going on


16 posted on 06/08/2004 8:48:39 AM PDT by jocko12
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To: sam_paine

Yes


17 posted on 06/08/2004 8:48:58 AM PDT by JZoback ("There's a pony in here somewhere")
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To: All
Color me, "deeply saddened."

Or not.

18 posted on 06/08/2004 8:49:20 AM PDT by newgeezer (Just my opinion, of course. Your mileage may vary. You have the right to be wrong.)
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To: Grampa Dave

.

...Tribune-Owned KTLA Channel 5's Morning News reported this morning that the New York Times is reporting that...

...100 Tribune-Owned Los Angeles Times Staff Positions will also be eliminated.

.


19 posted on 06/08/2004 8:49:49 AM PDT by ALOHA RONNIE (Vet-Battle of IA DRANG-1965 http://www.LZXRAY.com)
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To: Grampa Dave
The fish are dead, so they can't protest.

Unless they're Demoncrats, their dead weigh in every election! LOL!

20 posted on 06/08/2004 8:49:58 AM PDT by Mister Baredog ((Reagan, a giant who walked amoung midgets in Washington)))
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To: jocko12

If Kerry didn't have his loyal mediots in control of most of the media, he would never be in the news. He is not news, and they know it.


21 posted on 06/08/2004 8:52:50 AM PDT by Grampa Dave ( America is in war for its survival and can't have a 9/10 al Querry elected!)
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To: Mister Baredog

Now you are worrying me.

Dead fish might vote as rats this November? :)


22 posted on 06/08/2004 8:53:38 AM PDT by Grampa Dave ( America is in war for its survival and can't have a 9/10 al Querry elected!)
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To: Grampa Dave

Thanks for the laugh.


23 posted on 06/08/2004 8:54:00 AM PDT by aculeus
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To: Grampa Dave

The free market punishes sloppy work.

Cracks appear in the liberal monolith. FR contributes to the inevitable decline of elite media.

Morning in America, indeed.


24 posted on 06/08/2004 8:54:13 AM PDT by moodyskeptic (www.WinWithHumor.com)
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To: ALOHA RONNIE
Notify Willie Green about this sad news: :)

100 Tribune-Owned Los Angeles Times Staff Positions will also be eliminated.

25 posted on 06/08/2004 8:54:58 AM PDT by Grampa Dave ( America is in war for its survival and can't have a 9/10 al Querry elected!)
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To: aculeus

You are welcome.

Probably 98% of Freepers reading this thread are laughing and have a big smile on their face.


26 posted on 06/08/2004 8:56:40 AM PDT by Grampa Dave ( America is in war for its survival and can't have a 9/10 al Querry elected!)
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To: Grampa Dave
The Trib is hard to avoid in Chicago. Besides the newspaper, they own WGN and WGN-TV plus the Chicago Cubs.

On the west coast they own what is arguably the worst newspaper in the country, the L.A. Times.

27 posted on 06/08/2004 8:57:44 AM PDT by capt. norm (Rap is to music what the Etch-A-Sketch is to art.)
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To: moodyskeptic

You are right on target with these these comments:

The free market punishes sloppy work.

Cracks appear in the liberal monolith. FR contributes to the inevitable decline of elite media.


28 posted on 06/08/2004 8:57:59 AM PDT by Grampa Dave ( America is in war for its survival and can't have a 9/10 al Querry elected!)
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To: Grampa Dave
Dead fish might vote as rats this November? :)

Especially in the inner cities where Repubies dare not tread. Kind of stinks eh?LOL

29 posted on 06/08/2004 8:58:17 AM PDT by Mister Baredog ((Reagan, a giant who walked amoung midgets in Washington)))
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To: capt. norm

The Trib and the mass votes of the dead have insured the Rat control of Chicago for most of the last century and this century.


30 posted on 06/08/2004 8:59:33 AM PDT by Grampa Dave ( America is in war for its survival and can't have a 9/10 al Querry elected!)
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To: Mister Baredog

The Gorhoid Inner Cities are controlled by left wingers, who use left wing fish wraps and their dead to win control each election. I don't see anyway to break that control up.


31 posted on 06/08/2004 9:01:31 AM PDT by Grampa Dave ( America is in war for its survival and can't have a 9/10 al Querry elected!)
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To: Grampa Dave

All of the Chicago papers are not worthy of fish wrap.

The Chicago LIBune and the Daily Southtown are both DemoRAT rags!


32 posted on 06/08/2004 9:02:11 AM PDT by KeyLargo
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To: Grampa Dave
It's a marketing problem of their own making. The policies advocated by both papers have assured that most of their constituency can't read and don't have the money to buy what is advertised.

This is beyond self-fulfilling prophesy; it's self-fulfilling policy.

33 posted on 06/08/2004 9:15:54 AM PDT by Carry_Okie (The Fourth Estate is the Fifth Column)
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To: johniegrad
Many local papers, even rural weeklies, are on line, as are many TV stations in mid-size markets. Factor in cable news and there is no need for a newspaper. Our closest mid-sized city paper has been loosing the female 18-34 demo for a few years and even adding coupons does not help. You can get many coupons on line and most stores keep tear sheets of the local coupons near the registers.
34 posted on 06/08/2004 9:16:02 AM PDT by reformedliberal (Proud Bush-Cheney04 volunteer)
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To: Grampa Dave
"Although help wanted advertising is improving month-over-month.....other advertising categories are not meeting the aggressive plans we had for the year,"......

Help wanted advertising is improving....hmmmm....sounds like the press should be covering this story. : )

Thanks for posting this Grampa D!

35 posted on 06/08/2004 9:20:15 AM PDT by MaeWest ("And an angel still rides in the whirlwind and directs this storm.")
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To: KeyLargo

The Chicago Tribune was a great conservative publication when I was growing up in Chicago, and turned into liberal trash about 15 years ago.

Couple that with an over-hyped 91+Million dollar a year ball club and you're seeing the result on Wall Street today. And their WGN and CLTV is also second rate at best.

But the Chicago Tribune is easily the worst of all their products, total garbage.


36 posted on 06/08/2004 9:23:07 AM PDT by wrathof59 (semper ubi sub ubi)
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To: Grampa Dave
Watch your language, GD.

This is the beginning of the end of Old Media.

37 posted on 06/08/2004 9:27:07 AM PDT by chiller (LIBERALISM WILL KILL US)
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To: Grampa Dave
The Trib was always the conservative paper in Chicago.

It's morphication into liberal slime has been very disheartening.

The L.A. Times has always been left of Guam. Even more so these days.

They've all been "feminazized." Like all public schools and universities. Lesbians and sissy-boys run the shows.

Now they've taken over print media.
38 posted on 06/08/2004 9:33:23 AM PDT by Dr. Eckleburg (There are very few shades of gray.)
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To: Grampa Dave

FYI, They've taken control of the entire state of Illinois, controlling the excutive and both houses in the state legislature.

And President Bush and Speaker Hastert only pay homage to these dems and pore huge federal dollars into the stinkin' scialist state. For 30 years Illinois has routinely gotten $1.30+ back from the feds for every dollar sent to DC.

The three largest employers in the state since the 1980s are the federal, state and Chicago governments. Jewel (a food store is always a distant fourth.

Illinois used to be a proud, economically strongly diverse state, now it relies almost solely on federal monies.


39 posted on 06/08/2004 9:34:52 AM PDT by wrathof59 (semper ubi sub ubi)
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To: Carry_Okie

"The policies advocated by both papers have assured that most of their constituency can't read and don't have the money to buy what is advertised."

"This is beyond self-fulfilling prophesy; it's self-fulfilling policy."

I have been saying this for years. That the pro abortion, pro drugs, pro ebonics, pro NEA and pro dumbing down of the inner cities agendas are reducing the power of the libs and their buddies the mediots.

This is another reason why left wing talk radio shows have such a short half life. Their targeted audiences don't have the mental ability to listen to discussion. They can only respond to 5 to 10 word mantras.


40 posted on 06/08/2004 9:37:46 AM PDT by Grampa Dave ( America is in war for its survival and can't have a 9/10 al Querry elected!)
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To: KeyLargo

Don't forget the Slum Times and that marvelous Daily Defender.


41 posted on 06/08/2004 9:39:19 AM PDT by justshutupandtakeit (America's Enemies: foreign and domestic RATmedia agree Bush must be destroyed.)
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To: chiller

My wife and her family are life long Cubs fans, and I sent my comments by email to her and her family. I will catch it to night. Actually, I'm more of a Cubs Fan than a Giants fan these days.

I think that the beginning of the end of the old media actually started during the Clintoon years, when so many of us conservatives tuned out and cancelled subscriptions.

Now we are seeing that tuning out/cancelling spreading.


42 posted on 06/08/2004 9:41:06 AM PDT by Grampa Dave ( America is in war for its survival and can't have a 9/10 al Querry elected!)
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To: wrathof59

You are incorrect about the pay/receive federal fund ratio.
Illinois, as with most wealthy states, pay far more into the fed treasury than it receives back. Your view of the state's economy is completely off the wall.


43 posted on 06/08/2004 9:42:27 AM PDT by justshutupandtakeit (America's Enemies: foreign and domestic RATmedia agree Bush must be destroyed.)
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To: MaeWest

Thanks, this is an interesting statement by the Trib:

"Although help wanted advertising is improving month-over-month.....other advertising categories are not meeting the aggressive plans we had for the year,"......

Decoded, it says, "The job market and economy are improving in our area, but our advertising $'s outside of help wanted ads are going down."


44 posted on 06/08/2004 9:44:23 AM PDT by Grampa Dave ( America is in war for its survival and can't have a 9/10 al Querry elected!)
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To: Dr. Eckleburg

"They've all been "feminazized." Like all public schools and universities. Lesbians and sissy-boys run the shows.

"Now they've taken over print media."

Lets hope that their arrogance and agendas that most Americans don't support, continue to drive away subcribers and advertisers.


45 posted on 06/08/2004 9:46:40 AM PDT by Grampa Dave ( America is in war for its survival and can't have a 9/10 al Querry elected!)
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To: justshutupandtakeit

It's been published in Crain's business annually for over TWENTY YEARS, put out by the State of Illinois Department of Economic Development.

They have also lost 50,000 full time jobs since the current Governor was sworn in Jan, 2003.

The State is one massive governmental program, I've been watching the decline for years. They have a 2.3 billion dollar deficit this year!

There only debate on how to get out of their mess is LEGALIZED GAMBLING. What a joke, the entire state knows it.

What is your perspective on the state and your sources?


46 posted on 06/08/2004 9:47:50 AM PDT by wrathof59 (semper ubi sub ubi)
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To: Timesink; *CCRM; martin_fierro; reformed_democrat; Loyalist; =Intervention=; PianoMan; GOPJ; ...
Media Schadenfreude and Media Shenanigans PING
47 posted on 06/08/2004 9:51:44 AM PDT by weegee (Government does not solve problems; it subsidizes them. ~~Ronald Reagan)
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To: weegee

I will borrow your tagline for awhile to honor President Reagan.

Good news about the Liebune and the LA Slimes!


48 posted on 06/08/2004 9:54:12 AM PDT by Grampa Dave ( Government does not solve problems; it subsidizes them! ~~Ronald Reagan)
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To: Grampa Dave

It was a great newspaper when I was growing up, but I can't stand it now.


49 posted on 06/08/2004 9:58:25 AM PDT by BlessedBeGod ('I went to Vietnam, yada yada yada, I want to be President...")
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To: BlessedBeGod

When did the Tribune become the Liebune?

We lived in the Chicago area in 1961 to 1962, and I recall it being somewhat liberal at that time.


50 posted on 06/08/2004 10:01:35 AM PDT by Grampa Dave ( Government does not solve problems; it subsidizes them! ~~Ronald Reagan)
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