Dennis FitzSimons
Dennis FitzSimons
ad both continuing newspaper reflect results soft television
Our third-quarter results reflect the continuing soft ad environment, which is impacting both our newspaper and television groups.
aggressive continue decision expanding forward great network priority recent reduce revenue stations steps taken top tv
We have taken aggressive steps to reduce expenses. Now, our top priority for 2006 is revenue growth. The recent decision to affiliate 16 of our TV stations with The CW Network is a great step forward for our broadcasting group. We also look to continue expanding our interactive operations.
across actions controls cost lower positions remain resulted staff tight
Tight cost controls remain in effect, and our actions in 2005 resulted in a 5% year-over-year staff reduction, or approximately 1,200 positions across the company, and lower compensation expense.
best perspective
From Tribune's perspective, this is the best of all worlds.
clearly hoped whenever wherever year
Clearly the year hasn't been what we hoped it would be. In short, we are doing things differently and doing it wherever and whenever it makes sense.