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twitterTribune, Knight Ridder post drop in circulation revenue
Friday, July 15, 2005 | 10:08 a.m.
Tribune Co., the No. 2 U.S. newspaper publisher, and No. 4 Knight Ridder Inc. each posted lower circulation revenue as readership declined and a shift of advertising to the Web curbed sales.
Circulation revenue sank at least 3 percent at both companies. Revenue from national ad campaigns fell 3.8 percent at Tribune, which doubled profit on an investment gain, the company said Thursday in a statement. Net income at Knight Ridder fell as more expensive newsprint and ink pushed up costs 2.1 percent.
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