The Chicago-based multimedia company posted adjusted earnings of 42 cents per share, above analysts' estimates of 40 cents per share.
Revenue for the quarter was $526.1 million, below analysts' projections of $538.7 million. Revenue rose 5% from last year.
Total television and entertainment net advertising revenue, including political revenues, increased 1% to $337.2 million year-over-year.
For 2016, Tribune Media sees revenue of $2.25 billion to $2.28 billion. analysts are looking for revenue of $2.26 billion for the full year.
The company's stock closed lower on Monday.
Separately, TheStreet Ratings Team has a "Hold" rating with a score of C on the stock.
The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures.
But the team also finds weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: TRCO