Tronc Reports Net Loss of $3 Million, or $(0.08) Per Share for Q1 2017
Last week publisher Tronc, formerly Tribune Publishing, (NASDAQ: TRNC) published its first quarter results for the quarter ended March 26, 2017. The company reported a net loss of $3 million, or $(0.08) per fully diluted share, compared to a $6 million net loss, or $(0.22) per fully diluted share, year-over-year. Tronc also reported total revenue of $366 million, down 8.1 percent for the same period last year. Tronc publishes more than 150 titles and estimates its monthly audience at 59 million.
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