Tribune Co. revenue drops
According to Editor & Publisher, Tribune Company's revenue has dropped almost a quarter in its first five months under bankruptcy protection. Its profit margins have also been cut by over half compared to its margins of last year. The Tribune filed for bankruptcy reorganization in Dec. 2008.
Tribune Co.'s operating receipts have fallen 14 percent from the start of the year to May 31, the article says. The publisher and broadcaster still remains cash-flow positive, bringing in $112 more than it spent during the five-month period.
Since going private, the Tribune Co. has expanded local programming while launching new products and revamping older ones in order to make major expense cuts.
View the article here.
What do you think of Tribune Co.'s drop in revenue? Has it affected you? Comment and let us know.
Tribune Co.'s operating receipts have fallen 14 percent from the start of the year to May 31, the article says. The publisher and broadcaster still remains cash-flow positive, bringing in $112 more than it spent during the five-month period.
Since going private, the Tribune Co. has expanded local programming while launching new products and revamping older ones in order to make major expense cuts.
View the article here.
What do you think of Tribune Co.'s drop in revenue? Has it affected you? Comment and let us know.
Labels: bankruptcy, cuts, Editor and Publisher, newspapers, television, Tribune Co.
posted by Megan L. Thomas at
7/07/2009 09:10:00 AM
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