Mara Admits Fault In Josh Brown Situation Dolan, Manfred To Discuss Chief Wahoo Logo Cubs Poised For Marketing Opportunities Tigers, Phils Adding Baseball Analytics Execs Dombrowski Has No Answers About New GM Dolans Elated With Indians Reaching World Series Vegas NHL President Takes On Unique Task Cubs Looking Out For Corporate Partners NBA Kings Buy Controlling Interest In D-League Affiliate Sources: Mark Davis To File Vegas Papers In January
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).