Trib Ad Revenue Nosedives
The Tribune Co. reported a Q3 loss of $124 million from continuing operations compared with income of $84 million for the same period last year.
Operating revenue at the company fell 10 percent to $1 billion in Q3. Operating expenses grew 6 percent. Operating profit plummeted 83 percent to $37 million.
Interest expense related to continuing operations grew to $232 million from $175 million in Q3 2007. At the end of Q3, Tribune’s debt was $11.8
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