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BASEBALL STRIKE SLOWS TRIBUNE CO.'S 3RD QUARTER EARNINGS
Published October 19, 1994
The Tribune Company's combined revenues for the publishing, broadcasting and entertainment business declined 4.3% for the September period, showed a 5.5% increase in the 3rd quarter and went up 9.1% for the year-to-date. Combined broadcasting and entertainment revenues were down 20.8%, "primarily" from the loss of broadcasting revenues from Trib stations carrying baseball, and the loss of Cubs revenues due to the strike. Pure entertainment revenues decreased 100% for the period (Tribune Co.).