Tribune earnings up sharply

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Chicago--Fourth-quarter earnings for Tribune Co. surged 81% compared with the same period in 2001, helped in part by improved advertising revenue, the company announced Wednesday. The Chicago-based owner of the Chicago Tribune, Los Angeles Times and Newsday posted fourth-quarter net income of $193.5 million, or 57 cents a share, compared with $106.8 million, or 32 cents a share, a year earlier. For the full year, Tribune's net income rose to $443 million, or $1.30 a share, compared with $111.1 million, or 28 cents a share, in 2001. Revenue rose 2.5% to $5.38 billion from $5.25 billion.
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