Tribune Q2 consolidated operating revenue fell 10 percent...
Tribune Q2 consolidated operating revenue fell 10 percent to $730 million from the year-ago quarter, said the owner of daily newspapers and radio and TV stations after regular U.S. stock markets closed Thursday (http://bit.ly/15EZniH). It said broadcasting sales fell about…
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20 percent to $260 million primarily on a $41 million decrease in copyright royalty revenue due to one-time royalties received last year. WPIX-TV New York and WGN-TV Chicago were primarily responsible for a decrease in the value of bartered programming and lower ad revenue, and those stations had other issues, said Tribune. Consolidated operating profit fell about 28 percent to $90 million.