Tribune Publishing Revenue Drops, Losses Rise In 2020 (mediapost.com)

Tribune Publishing Company, which is now in the process of being acquired by Alden Global Capital, increased its digital revenue by 57%, or $16.5 million, in 2020 YoY, and the number of its digital-only subscribers by 30.5% to 436,000.

But those gains only partly offset an overall revenue decline to $746 million, versus $945 million in 2019, and a loss from continuing operations of $46.8 million, up from $7.1 million in the prior year, according to financial results released on Thursday.

The overall hit was also mitigated, in part, by a 14.5% reduction in operating expenses, or $138.1 million.
more at source: https://www.mediapost.com/publications/article/361166/tribune-publishing-revenue-drops-losses-rise-in-2.html

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