Tribune net income improves to $48.58 million for month ended June 24

By Caroline Salls

Pittsburgh, July 24 - Tribune Co. reported net income of $48.58 million for the period of May 21 to June 24 on $319.79 million in total revenues, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

Those figures showed improvement from the $27.29 million of net income posted for the period of April 23 to May 20 on $246.29 million in total revenues.

Tribune also reported an operating profit of $67.09 million for the latest period, up from $39.94 million during the previous period.

Cash and cash equivalents were $1,615,000,000 as of June 24, up from $1.53 billion as of May 20.

Tribune, a Chicago-based media company, filed for bankruptcy on Dec. 8, 2008. Its Chapter 11 case number is 08-13141.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.