reported earnings from continuing operations of 22 cents a share, beating the 11-analyst consensus estimate by a penny.
Analysts were looking for earnings of 21 cents a share, according to a
First Call/Thomson Financial
survey. The acquisition of
accounted for 12 cents of dilution in the latest third quarter. Tribune earned 32 cents a share in the year-ago period.
Revenue rose to $1.4 billion from $717 million.
publishing division is expected to buy
Times Mirror Magazines
from Tribune in a deal worth about $475 million, according to
The Wall Street Journal
. Tribune will use the proceeds to pay off debt. The magazines include names like
Field & Stream