Tribune Co. Revenue, Profits Fall in Chapter 11
In its first five months under bankruptcy protection, Tribune Co. has seen its revenue fall by nearly a quarter and its profit margins cut by more than half compared to last year.
Citing Tribune Co.’s bankruptcy filing, a Morningstar equity analyst and its own calculations, Crain’s Chicago Business reported Monday that Tribune revenue had fallen 23 percent in the first five months of the year, while profit margins had declined to 8 percent from 19 percent in the first half of 2008.
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