Broadcast Q2 results: Tribune broadcasting and entertainment rev...
Broadcast Q2 results: Tribune broadcasting and entertainment revenue rose 4 percent from a year ago to $409 million. Company TV stations added market share. But operating cash flow fell 4 percent to $116 million. Total Tribune sales slipped 6…
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percent to $1.1 billion. The loss from continuing operations was $3.8 billion, reversing a year-earlier profit. Tribune wrote down goodwill from its 2000 purchase of Times Mirror… Acme Communications sales from continuing operations rose 4 percent from a year ago to $8.7 million on higher TV station revenue. The loss from continuing operations widened to $11.2 million from $970,000 on writedowns and other costs.