Profit from the discontinued newspaper division was flat at $30 million, or 5 cents a share.
The newspaper division's operating profit was up 11 percent, to $60.4 million.
The newspaper division's revenue was down 5.3 percent, to $486 million.
At the newspaper division, which has been the company's financial foundation, operating earnings fell 17.1 percent.
The company's newspaper division recorded a 4 percent rise from the comparable 1987 quarter.
She said that expenses in the company's newspaper division would grow by no more than 2 percent this year.
For the year, the newspaper division reported a 17.3 percent decline in profits, to $312.4 million.
The newspaper division's operating income for the year fell by 3 percent, to $140.7 million.
Operating income from the newspaper division increased 25.5 percent, to $176.6 million, from 1988.
Revenues from both the newspaper division and the television stations were up 10 percent, the company said.