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TRIBUNE COMPANY REPORTS SECOND QUARTER HIT
Published July 19, 1995
The Tribune Co., owners of the Cubs and WGN, reported a 3% drop in 2nd-quarter net income. They earned $82.1M, down from $85M from the same period last year. By taking away a boost in '94 earnings from the $13M sale of common stock in QUNO, a Canadian newsprint manufacturer, the "primary net income" for the quarter rose 19% to $1.19 a share from $1.00 a year ago after the comp. The Tribune Co. said the 3% drop was largely due to lower attendance at Cubs games and the loss of 18 games due to the strike (CHICAGO TRIBUNE, 7/19).