Tribune Co, (TRB: chart), media group, reported that Q4 net income dropped 38% to 43 cents a share on 4.7% revenue decline, missing analysts’ forecasts for earnings of 56 cents a share. Tribune''s profit figures incorporated net charges of 10 cents a share for eliminating 900 positions and closing a printing facility and a net non-operating loss of 4 cents a share.

PepsiAmericas Inc, (PAS: chart), Pepsi bottler, reported that Q4 net income advanced 6.2% to 28 cents a share, up from 25 cents in the year-ago period on 9.9% higher sales, in line with analyst forecasts. Sales advanced to $894.3 million from $814.1 million. In Q4, a number of special items taken together cut 1 cent from per-share earnings.