You will be redirected back to your article in seconds

Tribune tanks

Business brief

Third-quarter profits fell 33% at Tribune Co. due to investment losses and the cost of settling with advertisers after circulation scandals at two Tribune newspapers.

The media conglom, whose holdings include 14 daily newspapers and 26 television stations, also said Thursday that income from its newspaper division declined even beyond the $55 million set aside to pay advertisers for the false circulation totals at Newsday of Long Island and Spanish-language Hoy of New York.

Net income for the July-September quarter was $121.6 million, down from $182.3 million a year earlier.

More Biz

  • Gibson, Iconic Guitar Company, Said to

    Gibson, Iconic Guitar Company, Said to Be Nearing Bankruptcy

    Third-quarter profits fell 33% at Tribune Co. due to investment losses and the cost of settling with advertisers after circulation scandals at two Tribune newspapers. The media conglom, whose holdings include 14 daily newspapers and 26 television stations, also said Thursday that income from its newspaper division declined even beyond the $55 million set aside […]

  • David Glasser Fired by the Weinstein

    Weinstein Co. Board Fires COO David Glasser for Cause

    Third-quarter profits fell 33% at Tribune Co. due to investment losses and the cost of settling with advertisers after circulation scandals at two Tribune newspapers. The media conglom, whose holdings include 14 daily newspapers and 26 television stations, also said Thursday that income from its newspaper division declined even beyond the $55 million set aside […]

  • Rules Don't Apply review

    Warren Beatty Sought Wider 'Rules Don't Apply' Release Despite Grim Test Screenings

    Third-quarter profits fell 33% at Tribune Co. due to investment losses and the cost of settling with advertisers after circulation scandals at two Tribune newspapers. The media conglom, whose holdings include 14 daily newspapers and 26 television stations, also said Thursday that income from its newspaper division declined even beyond the $55 million set aside […]

  • Oh Seok-geun Korean Film Council

    New Leader Promises Reforms at Korean Film Council

    Third-quarter profits fell 33% at Tribune Co. due to investment losses and the cost of settling with advertisers after circulation scandals at two Tribune newspapers. The media conglom, whose holdings include 14 daily newspapers and 26 television stations, also said Thursday that income from its newspaper division declined even beyond the $55 million set aside […]

  • SOUTH KOREA OUTMandatory Credit: Photo by

    Actress Choi Hee-seo Looks Forward to a Promising Career

    Third-quarter profits fell 33% at Tribune Co. due to investment losses and the cost of settling with advertisers after circulation scandals at two Tribune newspapers. The media conglom, whose holdings include 14 daily newspapers and 26 television stations, also said Thursday that income from its newspaper division declined even beyond the $55 million set aside […]

  • The Prison Korean Cinema

    Korea's Box Office Faces a Drop in Admissions as Streaming Services Compete

    Third-quarter profits fell 33% at Tribune Co. due to investment losses and the cost of settling with advertisers after circulation scandals at two Tribune newspapers. The media conglom, whose holdings include 14 daily newspapers and 26 television stations, also said Thursday that income from its newspaper division declined even beyond the $55 million set aside […]

  • Andy Lo Hong Kong Writer Director

    Ambitious Filmmaker Andy Lo Wants Success in Both Hong Kong and China

    Third-quarter profits fell 33% at Tribune Co. due to investment losses and the cost of settling with advertisers after circulation scandals at two Tribune newspapers. The media conglom, whose holdings include 14 daily newspapers and 26 television stations, also said Thursday that income from its newspaper division declined even beyond the $55 million set aside […]

More From Our Brands

Access exclusive content