Tribune Profit Falls 36% on Job, Newsprint Costs
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From Bloomberg News
Tribune Co. said fourth-quarter profit fell 36% on costs to cut jobs and higher newsprint prices.
Net income dropped to $216.8 million, or 67 cents a share, from $338.4 million, or $1, a year earlier, the company said. Sales rose 1% to $1.48 billion.
Tribune shares rose 62 cents to $39.63 on the NYSE.
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