CHICAGO, Oct 19, 2006 -- Tribune Company reported yesterday third quarter 2006 diluted earnings per share from continuing operations of $.65 compared with $.06 in the third quarter of 2005.
Third quarter 2006 results from continuing operations included the following:
-- A net non-operating gain of $.22 per diluted share, $.19 of which
relates to the restructuring in September of TMCT, LLC and TMCT II,
LLC, two partnerships that Tribune inherited in its acquisition of
Times Mirror. Tribune recorded a one-time gain of $48 million, net of
tax, as a result of this transaction.
Third quarter 2005 results from continuing operations included the following:
-- A net non-operating loss of $.43 per diluted share related primarily to
an adverse tax ruling disallowing the 1998 tax-free reorganization of
Matthew Bender, a former subsidiary of Times Mirror. Tribune inherited
the preexisting tax dispute in its acquisition of Times Mirror.
No comments:
Post a Comment
For now, we're opening this blog to Anonymous comments. This will continue as long as civility rules. Disagree as you may, just keep it clean and stay on topic. No profanity, and no name calling. We reserve the right to moderate such comments, though the person who made it may come back and reword their message in a more civil way.