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Thursday, October 19, 2006

Tribune 3Q Earnings Up on One-Time Gain

CHICAGO (AP) -- Newspaper and TV station owner Tribune Co. reported sharply higher third-quarter earnings Thursday, thanks to a gain from the restructuring of partnerships it inherited when it bought Times Mirror, an acquisition which resulted in a large charge in last year's third quarter.

Excluding the one-time gain, earnings were below Wall Street's expectations.

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