Tribune's fourth quarter and yearend financial results are in.(Brief Article)

Broadcasting & Cable, January, 1999

Tribune's fourth quarter and yearend financial results are in. Fourth quarter operating revenues for the company's broadcasting and entertainment were up 6% to $299 million, while operating profits were up 6% to $96 million. Year end results for that division: revenues up 9% to $4.153 billion, with an 11% gain in operating profit to a little more than $317 million.

Overall, Tribune Co. posted an 8% gain in revenue in the fourth quarter to $765.4 million with profits of $188 million. For the year, revenues were up 10% to $2.98 billion with a 9% gain in operating profit to just over $702 million.