It's Christmas in February for Tronc
Company releases Q4 2016 earnings and announces new executive appointment
The Tronc fiscal year ended Dec. 25, 2016. And under the Tronc tree today, a hard-earned gift. Thanks largely to a $95 million decrease in operating expenses, profits for Q4 were $19.4 million and some of the other key numbers are up as well, capping what CEO Justin Dearborn deems a “transitional year.”
Set to help Dearborn and co. tap balance-sheet cash of $198 million in 2017 is a new fellow executive. Ahead of this afternoon’s earnings call, Tronc has announced that Timothy P.
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