Tribune profits down
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January 26, 2001: 8:22 a.m. ET
Media company beats lowered forecasts, but EPS down on falling ad sales
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NEW YORK (CNNfn) - Tribune Co., reported lower fourth-quarter earnings per share Friday that beat reduced forecasts on Wall Street.
The Chicago-based publisher of the Chicago Tribune and Los Angeles Times said it earned 36 cents a share in the quarter, down from 44 cents a share a year earlier.
The results topped analysts' lowered forecasts of 34 cents a share, according to earnings tracker First Call. Wall Street lowered its estimates after the company warned of declining ad revenue in December.
Revenue increased 2 percent to $1.5 billion from about $1.47 billion a year ago.
Shares of Tribune (TRB: Research, Estimates) fell 75 cents to $38.38 in afternoon trade Friday. 
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