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Tribune operating income grows to $51.16 million in December period
By Caroline Salls
Pittsburgh, Jan. 27 - Tribune Co. reported $51.16 million of operating profit for the period of Nov. 23 to Dec. 27 on $341.26 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 showed improvement over the $39.7 million of operating profit posted for the period of Oct. 26 to Nov. 22 on $251.78 million in total revenues.
Net income for the December period was $21.36 million, compared with $499.77 million of net income for the November period.
The company had $1.379 billion in cash and cash equivalents at Dec. 27, up from $1.342 billion at Nov. 22.
Tribune, a Chicago-based media company, filed for bankruptcy on Dec. 8, 2008. Its Chapter 11 case number is 08-13141.
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