Tribune Media (TRBAA) Stock Is Receding Today Despite Earnings Beat

NEW YORK (TheStreet) -- Tribune Media Company (TRBAA) shares are down -4.8% to $75.20 after reporting a 25% increase in second quarter earnings to $82.9 million, although the company's publishing arm reported a -0.2% decline in revenue.

The decline in publishing revenue was offset by acquisitions the company made to bolster its broadcast operations.

The company reported an EPS of 83 cents per diluted share, well ahead of analysts expectations of 62 cents per diluted share, on revenue of $894.5 million.EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE

TRBAA ChartTRBAA data by YCharts

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