Earnings: Tribune’s Earnings Plunge; Online Revs Up 40 Percent

Things aren’t very pretty at Tribune: Q4 earnings of $132.3 million down from $214.7 million in the year ago quarter. The 2005 figure included a severance charge of 9 cents related to 900 job cuts, a 4-cent charge on the shutdown of its LA Times San Fernando Valley printing facility plant closing, a 3-cent gain and a net non-operating loss of 4 cents a share.

Revenue in the quarter dropped by 5% to $1.41 billion from $1.48 billion last year as publishing operating revenue dipped by 2% to $1.07 billion and broadcasting and entertainment revenue fell by 11% to $343 million.

On the online side, revenues were up 40 percent to $46 million, mainly due to increases in classified help wanted.

More details in the earnings release.

Comments have been disabled for this post