Deborah D. McAdams /
06.17.2013 03:41 PM
Tribune TV Finishes 2012 at $1.14 Billion
Broadcast contributes more than one-third of revenues
CHICAGO — Tribune’s broadcast properties contributed more than $1.14 billion to the company’s bottom line last year, according to financials released by the Chicago media giant. Tribune issued financials Monday for 2010, 2011 and 2012—years in which the company was in receivership. Tribune emerged from Chapter 11 bankruptcy Dec. 31, 2012.

For the full year of 2012, Tribune generated revenues of $3.15 billion, up from $3.1 billion for the same period in 2011. The company’s 2012 full-year operating profit was approximately $396.5 million, up from $369.6 million for the same period in 2011. Net income was reported to be $422.5 million for 2012; $447.9 million for 2011; and $533 million for 2010.

Newspapers and related operations contributed around 64 percent of revenues in 2012. Broadcast properties contributed 36 percent; 74 percent of it from advertising. Operating profit on the TV/radio side exceeded print at $366 million versus $89 million for 2012.

For the year ending Dec. 25, 2011, the broadcast business brought in $1.10 billion, essentially flat compared to the year ending Dec. 26, 2010.

In addition to The CW network, Tribune has 23 TV stations and one AM radio—WGN in Chicago. TV properties include KTLA-TV in Los Angeles, WPIX-TV in New York, WGN-TV in Chicago, WDCW-TV in Washington, and stations in Denver, Miami, Houston, Dallas, St. Louis, Indianapolis, Hartford, Conn., and New Orleans among other markets.

Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found

Thursday 10:05 AM
NAB Requests Expedited Review of Spectrum Auction Lawsuit
“Broadcasters assigned to new channels following the auction could be forced to accept reductions in their coverage area and population served, with no practical remedy.” ~NAB

202 Communications /   Friday 12:41 PM
Albis Technologies Appoints New Head of Access Solutions
ignite strategic communications /   Thursday 03:48 PM
2015 HPA Tech Retreat(r) Unveils Expanded Session Schedule

Featured Articles
Discover TV Technology