Tribune Publishing has been making alterations at the executive level and after its earnings call with analysts on Wednesday, a question still remained unanswered; when and how does the company plan to translate its new strategy into profitability?

Chicago, Illinois based Tribune Publishing Company announced its Q4 as well as year-end results, also on Wednesday. The American newspaper and print media publishing company reported annual revenues of $1.7 billion. That is $35 million less, compared to the revenue earned in 2014. The result reflected a net loss of $2.7 million when compared to the to $42.3 million profits in 2014.

February ended for the company with $80 million in cash. A Ferro-led investment group has made $44.4 million in investment hoping to use it for acquisitions and to augment digital projects.

Tribune Publishing is still interested in buying Freedom Communications, which publishes the Orange County Record.

The company's new CEO Justin Dearborn said during a conference call with investment analysts, "There is a price where we would walk away."

Dearborn added that with only $80 million of cash in hand, Tribune Publishing is not in a position to make a publishing acquisition that is any bigger than the Register.