Focus on Entertainment Stocks

Spotlight on Tribune Co.: Led by Chief Executive Charles Brumback, the company posted a 39% increase in second-quarter profit compared to the year-earlier period. Says analyst Melissa Cook of Prudential Securities: “Their strategy is to expand within businesses they already know while positioning the company to grow in whatever direction media moves in: electronic delivery of newspaper information, production and distribution of TV programming and entertainment software.”

Major Properties

Daily Newspapers: Chicago Tribune, Ft. Lauderdale Sun-Sentinel, Orlando Sentinel, Newport News Daily Press, Escondido Times Advocate, Temecula Californian

Broadcasting: 7 TV and 6 radio stations

Syndication: “Geraldo,” “Soul Train”

Financial Data

Market capitalization: $3.4 billion

Cash: $16.8 million

Long-term debt: $741 million

1992 revenue: $2.1 billion

1992 profit: $119.8 million

Earnings per share: $1.56