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.
Constable owns none of the securities listed in this story.