Tribune profit fell 58%* in 2Q

* Later reports have it at 59%

Editor & Publisher— In what is supposed to be one of its last quarterly reports before going private, Tribune Co. said Wednesday its profits plummeted 58% in the second quarter compared to last year's period.

Tribune said its earnings after paying preferred dividends were $36.3 million, or 18 cents per share, compared to $85.7 million, or 28 cents per share, in the second quarter of 2006. Full story
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