Wednesday, March 02, 2016

Tribune Publishing posts 4Q loss

Tribune Publishing posts loss of $77,000 in 4th quarter

Associated Press 

CHICAGO (AP) _ Tribune Publishing Co. (TPUB) on Wednesday reported a fourth-quarter loss of $77,000, after reporting a profit in the same period a year earlier.
On a per-share basis, the Chicago-based company said it had a loss of less than 1 cent. Earnings, adjusted for non-recurring costs and restructuring costs, came to $1.34 per share.
The newspaper publisher posted revenue of $461.8 million in the period.
For the year, the company reported a loss of $2.8 million, or 11 cents per share, swinging to a loss in the period. Revenue was reported as $1.67 billion.
Tribune Publishing shares have decreased almost 8 percent since the beginning of the year. The stock has decreased 60 percent in the last 12 months.

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