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Article: TRIBUNE FOURTH QUARTER NET INCOME UP 38%; EARNINGS PER SHARE UP 40% TO $.80 FROM $.57
- Article from:
- PR Newswire
- Article date:
- February 2, 1994
CopyrightCOPYRIGHT 1994 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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-- 1993 Net Income Up 38% Before 1992 Accounting Changes,
Up 57% With Changes --
CHICAGO, Feb. 2 /PRNewswire/ -- Tribune Company (NYSE: TRB) reported net income for the 1993 fourth quarter of $58.1 million, up 38 percent from $42.0 million for the fourth quarter of 1992. Fourth quarter priman?et income per share rose 40 percent to $.80 versus $.57 in 1992. The increases were primarily due to higher operating profit in the company's media businesses and lower net interest expense.
On a full-year basis, net income for 1993 totaled $188.6 million, up 57 percent from $119.8 million reported in 1992. Primary net income per share was up 64 ...