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The Tribune’s profits and expenses for this February aren’t available on the company’s web site, but the most recent quarterly report is (PDF), which reflects a 23% profit in Q4 2006.
“Well, it’s never enough, of course. This is Wall Street we’re talking about. I think the expectation is that you can improve your margins over time. And what happens is each company is compared to its peer group. And so you indicated there’s a range of 22 percent to 29 percent. If somebody’s at 22 percent, you want to see a clear path of how they’re going to move their profits to 29 percent margins. And certainly adjustments are made for the type of properties that you own. When you’re in larger metropolitan areas, it’s hard to achieve those profitability margins, but there is an expectation that over time you can improve them.”
