Hartford Courant parent company Tribune Publishing, which was spun off by its own parent company, Tribune Media, in August, booked a small loss in its inaugural fiscal quarter as an independent entity.
Tribune lost $156,000, a loss of 1 cent per share diluted, down from a profit of $18.3 million in the year-ago quarter, when it was still a part of Tribune Media.
Operating revenue fell from $423.8 million to $404.1 million, which Tribune attributed to softness in print advertising, which fell nearly 10 percent.
Digital advertising fell 7.4 percent due in part to Tribune Media retaining Apartments.com and CareerBuilder. Circulation and other non-advertising revenue grew 1.9 percent.
Expenses grew $2.3 million, while interest expense grew $3.8 million.
The company, which owns the Chicago Tribune and the Los Angeles times, among other papers, did not break out any financial metrics for the Courant in today’s filing with the U.S. Securities & Exchange Commission.
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