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Tribune posts $16.40 million operating profit for June 29 to Aug. 2
By Alice Popovici
New York, Sept. 2 - Tribune Co. reported a $16.40 million operating profit for the period of June 29 to Aug. 2 on $266.22 million in total revenues, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.
The figures show a drop from the $43.66 million operating profit posted for the period of May 25 to June 28 on $289.68 million in total revenues.
Net income for June 29 to Aug. 2 was $11.77 million, down from $43.88 million during the previous period.
The company had $755.27 million in cash and cash equivalents at Aug. 2, compared to $743.37 million at June 28.
Tribune, a Chicago-based media company, filed for bankruptcy on Dec. 8, 2008. Its Chapter 11 case number is 08-13141.
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