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Published on 5/26/2009 in the Prospect News Distressed Debt Daily.

Tribune posts $1.82 million operating profit for March 30 to April 26

By Caroline Salls

Pittsburgh, May 26 - Tribune Co. reported a $1.82 million operating profit for the period of March 30 to April 26 on $235.31 million in total revenues, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

The figures compared to an $829,000 operating profit posted for the period of March 2 to March 29 on $237.85 million in total revenues.

The net loss for the latest period was $8.05 million, narrowing from a $14.2 million net loss for the previous period.

The company had $717.03 million in cash and cash equivalents at April 26, compared with $717.52 million at March 29.

Tribune, a Chicago-based media company, filed for bankruptcy on Dec. 8. Its Chapter 11 case number is 08-13141.


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