Group Created with Sketch.
Volume 24 No. 114
  • Created with Sketch.
  • Created with Sketch.
  • Created with Sketch.

TRIBUNE COMPANY REPORTS SECOND QUARTER HIT

     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).