Tribune Co.: The Chicago-based media company reported...

Tribune Co.: The Chicago-based media company reported a fourth-quarter loss of $191.4 million, contrasted with a profit of $67.6 million in the year-ago period, because of costs associated with the March 20 sale of its New York Daily News. For all 1990, the firm lost $63.5 million, contrasted with a profit of $242.4 million in 1989. The company registered a $185-million after-tax charge to its fourth-quarter earnings because of the Daily News sale. Revenue from the struck Daily News was off by 67%, down to $37.9 million. Excluding the Daily News, the company would have earned $36 million during the fourth quarter, down 44% from the $64.1 million earned during the like 1989 period.

Tables, D12