Tribune Logs A Solid Q2 As It Snubs Sinclair


“Notwithstanding our disappointment regarding the outcome of the transaction, we are extremely pleased with our second quarter results, which were very strong,” Peter Kern, Tribune Media’s CEO, said early Thursday as the company not only revealed it is terminating its $3.9 billion merger with Sinclair Broadcast Group, but enjoyed a net revenue gain and swung from a net loss to net income of more than $80 million.

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