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Tribune Co. (LA Times, Chicago Trib, etc) 3Q loss of $121.6 million (Dinosaur Media DeathWatch™)
Associated Press ^ | November 10, 2008 | Staff

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 ...


TOPICS: Business/Economy; Extended News; News/Current Events; Politics/Elections
KEYWORDS: advertising; dbm; newspapers; tribune
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Monday afternoon good news.
1 posted on 11/10/2008 1:10:31 PM PST by abb
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To: 04-Bravo; aimhigh; andyandval; Arizona Carolyn; backhoe; Bahbah; bert; bilhosty; Caipirabob; ...

ping


2 posted on 11/10/2008 1:11:03 PM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

3 posted on 11/10/2008 1:11:30 PM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

http://www.marketwatch.com/news/story/Tribune-Reports-2008-Third-Quarter/story.aspx?guid={7113581E-B0B6-4670-A7AD-3F4065FBE312}
Tribune Reports 2008 Third Quarter Results

http://blogs.tampabay.com/media/2008/11/columnist-dan-r.html
Columnist Dan Ruth among several Tampa Tribune staffers laid off today


4 posted on 11/10/2008 1:12:22 PM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

How long before some idiot in DC introduces a bill to bail out the failing members of the MSM?


5 posted on 11/10/2008 1:12:37 PM PST by nufsed
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To: abb

The NY Times announced it was taking a big charge on the New England newspapers it owns due to declining ad revenue.

HA HA


6 posted on 11/10/2008 1:13:00 PM PST by misterrob (Smooth talkers win at singles bars and in politics .. often with similar outcomes for the listener)
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To: abb
And this was during the Obama Love Fest when sales were up so people could read about "the one".

It's going to go even more downhill from here.

7 posted on 11/10/2008 1:13:34 PM PST by softwarecreator (Wow, free food, free gas and no more mortgage payments after January 2009, thanks Obama!!)
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To: abb
"We are operating in an exceptionally difficult financial and economic environment," said Chief Executive Sam Zell,


8 posted on 11/10/2008 1:14:43 PM PST by martin_fierro (< |:)~)
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To: abb
The loss was a steep decline from profit of $152.8 million a year ago.

That is a $270M turn around! Keep it coming!

9 posted on 11/10/2008 1:14:46 PM PST by mlocher (USA is a sovereign nation)
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To: abb

Their being in the tank for Obigula hasn’t helped them.
People aren’t even buying the liberals rags for the sports pages anymore.


10 posted on 11/10/2008 1:16:38 PM PST by Right Cal Gal (Abraham Lincoln would have let Berkeley leave the Union without a fight)
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To: abb

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.


11 posted on 11/10/2008 1:16:55 PM PST by Joe Boucher (An enemy of Islam)
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To: martin_fierro

http://cancelthebee.blogspot.com/
The axe is swinging at the Kansas City Star — layoffs said to be “stunning”

http://www.bizjournals.com/wichita/stories/2008/11/10/daily8.html
KC Star lays off about 50


12 posted on 11/10/2008 1:17:17 PM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

This will provide even more incentive to sell the Cubs and Wrigley. That big balloon payment is only months away.


13 posted on 11/10/2008 1:18:15 PM PST by MovementConservative (In 4 years GW Bush and the free-spending republicans have almost completely destroyed the GOP.)
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To: martin_fierro

Check out the terminology!! Death watch! Wonder where they got that from??

http://bottomlinecom.com/currentnews/stunningkcstarlayoffs.html
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 feedback@bottomlinecom.com.


14 posted on 11/10/2008 1:19:26 PM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

buggywhips.


15 posted on 11/10/2008 1:19:35 PM PST by HappyinAZ
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To: MovementConservative

And at fire sale prices...


16 posted on 11/10/2008 1:20:00 PM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

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!


17 posted on 11/10/2008 1:20:02 PM PST by CaliforniaCon
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To: abb

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.


18 posted on 11/10/2008 1:20:31 PM PST by Secret Agent Man (I'd like to tell you, but then I'd have to kill you.)
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To: abb

I’m sure the dems have a bailout planned for them too. The dems owe the media bigtime for their complicity in electing
them.


19 posted on 11/10/2008 1:23:34 PM PST by soycd
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To: abb

I was really starting to get depressed with all the news about our ObamaNation, but this news helped to brighten my day.


20 posted on 11/10/2008 1:24:31 PM PST by P-Marlowe (LPFOKETT GAHCOEEP-w/o*)
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