Tribune Publishing Q2 total revenues $410 millionStaff writer ▼ | August 13, 2015
Tribune Publishing Company reported financial results for its second quarter ended June 28, 2015. Total revenues were $410 million compared to $430 million in the second quarter of 2014, a decline of 4.5%.
Tribune Publishing Company A decline of 4.5%
Second quarter advertising revenues, excluding 5.5 weeks of advertising revenues from The San Diego Union-Tribune, declined 10.5%.
Circulation revenues of $115 million were up 5.5% in the quarter compared to prior year and essentially flat from last year excluding revenues from San Diego.
Second quarter 2015 Commercial Print and Delivery revenues of $33 million were down from $45 million in the prior year quarter due to changes in contracts, primarily in Chicago and Los Angeles.
All other revenues, including Direct Mail, Digital Marketing Services and Content Syndication, were $37 million, an increase of 7.9%, compared to the second quarter of 2014. Revenues from acquired properties in the second quarter of 2015 totaled $32 million.
Total Operating Expenses, including depreciation and amortization, for the second quarter of 2015 were $399 million, down $6 million or 1.5% from the second quarter of 2014.
Second quarter acquired property expenses totaled $27 million in 2015.
Total operating expenses, adjusted by management to isolate in-year reductions in cash operating expenses as defined below, resulted in $27 million of second quarter adjusted cash operating expense savings in 2015 compared to 2014 and over $40 million of savings in the first half of 2015. ■