Times Mirror reported that its third-quarter earnings rose 37% from a year ago, although much of the gain came from sale of a Connecticut cable-TV company.
Not counting the gain, earnings were up 5% over the year before.
Net income was also helped by higher profits in newspaper publishing, forest products, cable television and book publishing.
The Los Angeles-based diversified media company, which publishes the Los Angeles Times and other newspapers, said it posted profits of $64.1 million in the quarter, up from $46.8 million in the third quarter last year. However, $14.8 million of the quarterly earnings came from the sale of the company's Hartford Cable Television system.
Revenue for the quarter rose 5% to $714 million from $681 in 1984.
Much of the profits from existing operations came from newspaper publishing, where pretax operating profits were up 9% from last year.
Cable-television operations also showed higher earnings than last year, reporting $10.2 million in operating profits, 26% more than last year.
Book publishing, too, showed improved operating profits, totaling $14.8 million, 6% more than last year.
The company's newsprint and forest products earned a $7-million operating profit after losing $5.3 million last year due in part to a strike.