Tribune

(TRB)

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

Times Mirror

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.

In addition,

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Time Warner's

(TWX)

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

Golf

and

Field & Stream

.