Earnings Up at Tribune, but Circulation Outlook Is Weak
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An extra week in the quarter helped increase newspaper ad sales, but the company forecast a continued decline in circulation revenue this year.
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Political advertising at Tribune Co.'s television stations is picking up somewhat as the November elections approach, although it is too soon to predict overall fourth-quarter ad trends, the company's broadcasting chief said on Thursday.
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Tribune Co. TRB.N, the publisher of  Newsday and Hoy which has been embroiled in a circulation  scandal, said on Friday it would make more revisions to  circulation figures for the newspapers and plans to take a  related third-quarter charge.
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Earnings at News Corp., the media conglomerate run by Rupert Murdoch, rose 27 percent in the latest quarter on stronger results from broadcast television, cable networks and newspapers, the company reported Wednesday.
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Tribune Co. completed a tender offer  for half its shares, but the media company had to agree to  difficult borrowing terms, the Wall Street Journal reported on  its Web site on Friday.
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Who knows what&#8217;s going to happen to the Tribune Company (as it tries to sell itself). But for the time being it has taken a good step (about time) in starting to leverage Topix.net&#8217;s numerous strengths. As you may remember, Tribune, Gannett and KnightRidder (now McClatchy) bought a 75% stake in Topix in March of [...]
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Tribune Co.  jolted the media world last week when it said it was looking at ways to create shareholder value -- shorthand, many analysts say, for putting itself up for sale.
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CHICAGO -- Tribune Co. said Friday its revenue fell 5.9 percent last month on a continuing tailspin in classified advertising sales that resulted in an even steeper decline in its newspaper division.
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CHICAGO, Sept. 4  â Five months after the Tribune Company announced plans to sell the Chicago Cubs, the first-place club is making more noise on the field than its corporate owners are in a slow-moving sale process.
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Earnings are up, but sagging revenues are more annoying than static.
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Courier delivers mixed messages on its earnings expectations.
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Tribune Co. TRB.N on Thursday said  quarterly profit slumped 32 percent, hurt by costs to reimburse  advertisers after a circulation scandal at two of its  newspapers and an uneven advertising market.
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Tribune said its third-quarter earnings dropped 7 percent, beating expectations, adding that the housing slump and lower consumer spending worsened advertising revenue.
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The book publisher reports slightly lower earnings as revenues rise.
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The Tribune Company said that two of its newspapers had overstated their average circulation figures by even more than the company disclosed in June.
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A doubling of earnings, but no jump in stock price?
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Magazine group Emap says it will deliver earnings in line with forecast, despite weak sales for consumer titles.