Business As Usual As Tribune Media Suffers A Weak Q1

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For Tribune Media interim CEO Peter Kern, the first quarter results for the company that just announced it is merging with¬†Sinclair Broadcast Group¬†is “in line with expectations.”


Translation: The company knew that several factors would lead to a soft Q1.

What was a “surprise” to Reuters, and perhaps to Wall Street, are lower operating revenue, higher operating expenses, and a swing to a significant net loss.

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