Tribune quarterly profit and revenue fall
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Tribune Co , which is going private in an $8.2 billion deal led by Chicago real estate tycoon Sam Zell, on Wednesday reported lower quarterly profit and revenue as newspaper advertising sales fell.
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Lehman Brothers Holdings Inc   said on Thursday that quarterly earnings fell, hurt by  declining fixed-income revenues.
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New York Times Co., the third-largest US newspaper publisher, said third-quarter profit fell 4 percent as advertising revenue at its flagship newspaper lagged and costs for newsprint and a new Sunday magazine rose.
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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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McGraw-Hill Cos , the book and magazine publisher and owner of Standard & Poor's, on Thursday said fourth-quarter profit fell 31 percent, as disruptions in global capital markets dampened demand for credit ratings.
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Interpublic posted slightly lower quarterly revenue but swung to a profit as expenses fell and public relations clients increased spending.
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The newspaper publisher reported profit of $365.7 million on the sale of several newspapers. Excluding the gain, earnings fell on weaker advertising.
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Google Inc  reported a  lower-than-expected quarterly profit on Thursday and predicted  further spending to shore up its operations, sending its shares  down as much as 9.5 percent.
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Tribune Co.  reported a better-than-expected rise in quarterly profit on Thursday helped by an extra week in the quarter that boosted advertising revenue at the company's newspapers.
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Bank of New York Mellon Corp  said on Thursday fourth-quarter profit fell, reflecting a one-time gain a year earlier.
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Tribune Co. (TRB.N: Quote, Profile, Research) on Thursday said quarterly profit slumped 32 percent, hurt by costs to reimburse advertisers after a circulation scandal
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The newspaper publisher and television station operator said third-quarter profit fell to $2.5 million as ad revenue slumped.
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The New York Times Company reported a fourth-quarter profit of $53 million as revenue dropped, but it continued to fare better than most of its peers across the troubled newspaper industry.
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Profits at Tribune Co. shrunk by 33 percent last quarter as the company continued to reel from a circulation scandal at two newspapers and suffered sales declines at two others.
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NEW YORK Chicago-based stock-exchange operator Archipelago Holdings Incorporated says earnings per share fell, though revenue rose slightly.
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Gannett Co. Inc. , the largest  U.S. newspaper publisher, on Wednesday reported an 8.3 percent  drop in its quarterly profit due to a weak advertising  environment and higher newsprint costs.
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The newspaper publisher said earnings fell because of slumping real estate ads and a tough comparison with year-ago profits that were boosted by heavy political advertising.