Tribune Reports 2008 Third Quarter Results
CHICAGO, November 10, 2008 -- Tribune Company today reported a third quarter 2008 loss from continuing operations of $124 million compared with income from continuing operations of $84 million in the third quarter of 2007.
Tribune also reported income from discontinued operations of $3 million in the third quarter of 2008 compared with income from discontinued operations of $69 million in the third quarter of 2007.
“We are operating in an exceptionally difficult financial and economic environment,” commented Sam Zell, Tribune chairman and CEO. “The newspaper industry continues to see extraordinary declines in ad revenues, and Tribune is no exception. But, we continue to aggressively pursue our operating strategy, and to tightly manage the factors that are within our control. Internally, we have established momentum on developing new initiatives and our culture now reflects that focus and mindset."
THIRD QUARTER 2008 RESULTS FROM CONTINUING OPERATIONS1
(Compared to Third Quarter 2007)
Complete report can be viewed here.
CHICAGO, November 10, 2008 -- Tribune Company today reported a third quarter 2008 loss from continuing operations of $124 million compared with income from continuing operations of $84 million in the third quarter of 2007.
Tribune also reported income from discontinued operations of $3 million in the third quarter of 2008 compared with income from discontinued operations of $69 million in the third quarter of 2007.
“We are operating in an exceptionally difficult financial and economic environment,” commented Sam Zell, Tribune chairman and CEO. “The newspaper industry continues to see extraordinary declines in ad revenues, and Tribune is no exception. But, we continue to aggressively pursue our operating strategy, and to tightly manage the factors that are within our control. Internally, we have established momentum on developing new initiatives and our culture now reflects that focus and mindset."
THIRD QUARTER 2008 RESULTS FROM CONTINUING OPERATIONS1
(Compared to Third Quarter 2007)
Complete report can be viewed here.
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