Strength in television advertising sales offset declining revenue in other areas to help Tribune Co. (NYSE: TRB) post a slight gain in revenue for November.
The increase was largely due to higher revenues in its television segment, which rose 9.4 percent to $102 million. Those gains offset declines in national and classified advertising, as well as lower radio/entertainment and circulation revenue.
Overall, the firm said that consolidated revenues were up 0.8 percent to $433 million from $429 million compared to the same period a year ago.
Television revenues rose on higher political, movie and telecom spending, which partially offset weakness in auto, retail and restaurant/fast food advertising.
Tribune shares dipped 1 cent, or 0.3 percent, to $32.16 in Friday morning trading on the New York Stock Exchange.