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NEW YORK — Tribune Co. posted a sharp decline in earnings from operations for the second quarter amid the continued advertising slump and issued a cautious outlook for the third quarter.
The publisher and broadcaster, whose flagship newspapers include the Chicago Tribune and the Los Angeles Times, Thursday reported net income of $72.6 million, or 21 cents a diluted share, compared with $37.8 million, or 13 cents a share, in the year-earlier period.
Excluding discontinued operations and a restructuring charge of $14.3
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