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Tribune Period 1 earnings

Tribune Co (NYSE: TRB), reported its summary of revenues and advertising revenue for its so-called Period 1 ended Feb 4. 

Publishing Revenues were down 6% in January tp $345m.  Circulation revenues were down 5.2%. Advertising revenues were down 7.3%.  Consolidated revenues were down 5% from last years $465m. 

In the broadcast and entertainment division revenues in January were down 1.4% off $98m last year.

The company continues to work through its defined “Self Help” plan.  Some properties are being divesting and there are regular rumors and discussions about larger scale changes including strategic investment or buyout.

More detailed press coverage on TRB’s finances can be found at:

Yahoo Finance
Google Finance

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