Skip to comments.Tribune Co. (LA Times, Chicago Trib, etc) 3Q loss of $121.6 million (Dinosaur Media DeathWatch™)
Posted on 11/10/2008 1:10:31 PM PST by abb
Tribune Co., owner of the Los Angeles Times and Chicago Tribune, says it swung to a third-quarter loss of $121.6 million as newspaper advertising revenue fell.
The loss was a steep decline from profit of $152.8 million a year ago.
Revenue fell nearly 11 percent to $1.04 billion from $1.16 billion last year.
"We are operating in an exceptionally difficult financial and economic environment," said Chief Executive Sam Zell, in a statement, Monday. "The newspaper industry continues to see extraordinary declines in ad revenues, and Tribune is no exception."
(Excerpt) Read more at ap.google.com ...
Tribune Reports 2008 Third Quarter Results
Columnist Dan Ruth among several Tampa Tribune staffers laid off today
How long before some idiot in DC introduces a bill to bail out the failing members of the MSM?
The NY Times announced it was taking a big charge on the New England newspapers it owns due to declining ad revenue.
It's going to go even more downhill from here.
That is a $270M turn around! Keep it coming!
Their being in the tank for Obigula hasn’t helped them.
People aren’t even buying the liberals rags for the sports pages anymore.
Couldn’t happen to a more deserving bunch of unAmerican turds.
Hey Times employees, ya can kiss your jobs buh bye.
Maybe you can go spread your lies and made up b.s. somewhere else. course most other rags like yours are laying off too.
Oh well there is always mcDonalds.
The axe is swinging at the Kansas City Star — layoffs said to be “stunning”
KC Star lays off about 50
This will provide even more incentive to sell the Cubs and Wrigley. That big balloon payment is only months away.
Check out the terminology!! Death watch! Wonder where they got that from??
TOP TALENT AT KC STAR BEING LET GO!!
The Kansas City Star, which has been rocked with layoffs the past several months that have resulted in a reduction of about 100 editorial employees, is in the process today of letting go some of the most recognizable reporters and columnists in the history of the area’s largest newspaper.
The list of the 16 people being terminated reads like a “Who’s Who” of area journalism and is absolutely stunning.
“The newspaper is definitely on a death watch now,” says a source. “These are simply folks who cannot be replaced. These moves will definitely affect the product and circulation.”
We will be releasing the names this afternoon as they are confirmed. Send anonymous tips to email@example.com.
And at fire sale prices...
I’ve done my little bit against L.A. Times. No subscription to cancel, but I did buy their Sunday editions for YEARS and a few papers during the week at times.
NO MORE! Two months ago I stopped buying L.A. Times completely!
You liberal idiots were in the tank for Obama, and now you’re going down and you’re going to keep going down.
You got what you wanted, now you’re going to go out of existence as you know it.
I’m sure the dems have a bailout planned for them too. The dems owe the media bigtime for their complicity in electing
I was really starting to get depressed with all the news about our ObamaNation, but this news helped to brighten my day.
I love this type of news. They’ll get no sympathy from me.
May the Tribune which sat on all of Zer0’s criminal activities, associations with anti America terrorists and other bad stuff go belly up before Zer0 can bail them out.
You know, I used to view this sort of news with mixed feelings. It’s great that the left-wing MSM is getting creamed, but what about the little guys who set type, deliver papers, maintain presses, cleans up the office of the bigshots, or drive the paper forklift and who are the ones who lose their jobs when we see these “Big Newspaper X Lays off 500” headlines? But you know, I’m increasingly coming to view ANY participation in promoting the MSM and its propagandistic stranglehold on the American information system as subversive and un-American, even the little guys who are the cogs that make the machine continue to operate. They’re as much a part of the problem as the editors and producers who determine content and slant. Working for the MSM in any capacity is much like working in a cigarette factory or as a welfare case worker - you become part of the problem that contributes to the enslavement of others.
Wonder what kind of jobs the lib editorial writers are qualified for
"Welcome to Kwik-E-Mart! Would you like to buy a slurpee?"
DING DING DING DING.
The same thing that happened to monks who used to hand print books and flyers. The now have web sites.
Buggywhips, Bowling Pin Setters, and Elevator Operators.
Cubs: Final bids due by Thanksgiving
Trib’s $122M loss deepens financial woes
" I am not going to buy that liberal rag!!!". I would agree with them right off the top even though we were told to tell customers that we had "fair and balanced coverage from so and so".
That, needless to say, would get them in an even bigger rant. I would them put them on speaker for some of my liberal co-workers so they would hear what customers had to say.
Tribune Online Ad Revenue Declines at Faster Rate Than Circ Revenue
Red Ink: E.W. Scripps, ‘Boston Globe’ Swing The Axe
One more troubling number: Operating cash flow decreased 67 percent to $90 million from $268 million in the 2007 quarter. Maintaining adequate cash flow is especially critical for Tribune because that’s what will be required to pare down debt. In some ways, the cash flow numbers are more important than the actual bottom line.
That is good news. They made more money than they are worth.
McClatchy shares fall to all-time low
Tribune may not make the end of the year...
Tribune posts loss, Moody’s downgrades Gannett
Sinking Lee Stock Raises Spectre Of Big Board Sanctions
The Blame Bush mantra must have gotten old.
MAN maybe all those protests on LA Times did effect them eh LOL!
Great news. The Chicago Tribune has spiked the truth of Zer0Ma0 for about a decade. The LA Slimes withheld the tape of Zer0 honoring the anti America and Israel thug.
Nothing would be finer than seeing the Chi Tribune and LA Slimes go belly up before the end of the year.
Tribune posts loss, Moodys downgrades Gannett