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TM revenues higher

Published on .

Times Mirror Co., Los Angeles, said 1995 revenues rose 2.8% over 1994 to $3.45 billion. Net income soared to $1.23 billion from $173.1 million in 1994. The company's 1995 results were significantly affected by a $1.63 billion after-tax gain in the first quarter on the disposition of its cable television business.Income from continuing operations was $139.6 million in 1995, up from $121.6 million the previous year. Newspaper group operating profit, excluding restructuring program charges, increased 6.1% to $206.7 million. Revenues were level at $2.06 billion. Ad revenues for the group last year totalled $1.558 billion, down slightly from $1.564 billion in 1994.

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