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Tribune Publishing earnings fall as advertising declines

Tribune Publishing earnings fall as advertising declines

Tribune Publishing's earnings fell about 75 percent in the first quarter as advertising revenue declines exceeded cost savings, the company said Wednesday. Chicago-based Tribune Publishing, which includes the Chicago Tribune, Los Angeles Times and eight other daily newspapers, was spun off from Tribune Media in August. The company remains in "early days" in its transformation from print to digital, executives said. Net income: The company posted net income of $3 million, down from $12 million during the same quarter a year earlier. Earnings per share: Earnings declined to 10 cents per share, down from 46 cents per share during the same quarter in 2014. An analyst...

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