Tribune's Profit Declines 43%

By: Walter Hamilton | Los Angeles Times

Profit at Tribune Co., the parent of the Los Angeles Times and other newspaper, radio and television properties, fell sharply last year amid a further decline in newspaper advertising and a significant drop in earnings at its broadcast division.  

The Chicago media company reported net income of $241.6 million for the year, down 43% from $422.5 million in 2012.