The company reported adjusted profit of 79 cents a share vs 99 cents in the same period a year ago. Wall Street was expecting earnings of 73 cents.
Revenue for the quarter totaled $484 million, down from $489 million a year ago. Sales were slightly shy of analysts' expectations of $485 million.
The company said its TV and entertainment advertising revenue fell 4% in the period from a year ago. Operating costs also rose "primarily due to higher network affiliate fees." Core ad revenue (excluding digital and political) was up 1%.
"We look forward to obtaining regulatory approval of the transaction soon and remain on track to close before the end of the third quarter," said Tribune CEO Peter Kern.