Tribune income up 8%

B'cast div strong

NEW YORK — TV and newspaper group Tribune Corp. said Friday its net income for 1999 rose 8% to $415 million, due in part to a strong showing at its broadcast division — the largest station group not owned by a network.

Tribune, which is a partner with Time Warner in the WB net, said revenue rose 8% to $3.2 billion for the year.

In broadcasting and entertainment, operating profit rose 19% to $379 million on revenue up 13% to $1.3 billion. Television led the way with $1.1 billion of revenue and a 20% increase in operating profit.

Fourth-quarter operating profit for broadcasting and entertainment rose 18% to $113 million. That represented more than half of Tribune’s total operating profit of $201 million for the period. TV growth was due mainly to gains at WB affiliates, led by New York, Chicago, Los Angeles and Boston. Quarterly revenue rose 17% to $348 million. The company cited continued excellent ratings for “Friends” in syndication, higher WB primetime revenue and several station acquisitions.

More Biz

  • PBS 2015 Winter TCA

    Harvey Weinstein Seeks Dismissal of Ashley Judd Blacklist Suit

    NEW YORK — TV and newspaper group Tribune Corp. said Friday its net income for 1999 rose 8% to $415 million, due in part to a strong showing at its broadcast division — the largest station group not owned by a network. Tribune, which is a partner with Time Warner in the WB net, said […]

  • Red Bull Music Festival

    Red Bull Music Festival Berlin Announces 2018 Lineup

    NEW YORK — TV and newspaper group Tribune Corp. said Friday its net income for 1999 rose 8% to $415 million, due in part to a strong showing at its broadcast division — the largest station group not owned by a network. Tribune, which is a partner with Time Warner in the WB net, said […]

  • Will Smith arrives at the U.S.

    Will Smith, Japanese Soccer Star Keisuke Honda Launch Dreamers Fund

    NEW YORK — TV and newspaper group Tribune Corp. said Friday its net income for 1999 rose 8% to $415 million, due in part to a strong showing at its broadcast division — the largest station group not owned by a network. Tribune, which is a partner with Time Warner in the WB net, said […]

  • Matt Sawin Capitol Music Group

    Caroline Names Matt Sawin Executive VP

    NEW YORK — TV and newspaper group Tribune Corp. said Friday its net income for 1999 rose 8% to $415 million, due in part to a strong showing at its broadcast division — the largest station group not owned by a network. Tribune, which is a partner with Time Warner in the WB net, said […]

  • Universal Music Group

    Universal Music Launches Nigerian Division

    NEW YORK — TV and newspaper group Tribune Corp. said Friday its net income for 1999 rose 8% to $415 million, due in part to a strong showing at its broadcast division — the largest station group not owned by a network. Tribune, which is a partner with Time Warner in the WB net, said […]

  • Bruno Mars Grammys

    Recording Academy Announces Date, Deadlines for 2019 Grammy Awards

    NEW YORK — TV and newspaper group Tribune Corp. said Friday its net income for 1999 rose 8% to $415 million, due in part to a strong showing at its broadcast division — the largest station group not owned by a network. Tribune, which is a partner with Time Warner in the WB net, said […]

More From Our Brands

Access exclusive content