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Tribune Publishing revenue falls but 2Q earnings beat estimates

Tribune Publishing revenue falls but 2Q earnings beat estimates

Tribune Publishing earned $3 million in the second quarter on $410 million in revenue, a year-over-year decline that still beat analyst estimates. Advertising revenue continued to fall for the Chicago-based newspaper company, which owns The Baltimore Sun, the Chicago Tribune, Los Angeles Times and the San Diego Union-Tribune, which it acquired in May for $85 million. Tribune Publishing is seeking to bolster operations through acquisitions, cost-cutting and an aggressive digital transformation. All of those strategies came into play in the second quarter. The company spun off from Tribune Media in August 2014, joining companies like Time Warner and News Corp. that also separated their...

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