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Tribune Media Posts Better-Than-Expected Fourth-Quarter Results

M. Corey Goldman

on Friday reported better-than-expected fourth-quarter profit thanks to strong advertising revenue, particularly during the U.S. elections in November. The TV station operator said net income for its fourth quarter was $132.8 million, or $1.50 a share, compared to $328.8 million, or $3.72 a share, a year earlier. Analysts surveyed by FactSet had expected fourth-quarter per-share earnings of $1.33 a share.