The Chicaho Tribune reports the company had net income of $36.4 million, or 37 cents per share, according to financial statements released Friday. That is down from $41 million in net income during the first quarter of 2014.
Operating revenue was up 6 percent to $472.7 million, slightly below consensus analyst estimates.
In the television segment, growth in retransmission consent fees offset a 2 percent decline in advertising, which Tribune Media attributed in part to decreased revenues associated with airing the Super Bowl on 14 Fox-affiliated stations in 2014 versus two NBC-affiliated stations in 2015.
Digital and data revenue increased 59 percent to $50.2 million.
"We generated top-line line growth in the first quarter and made progress against many of our key strategic objectives," Peter Liguori, Tribune Media's president and CEO, said in a statement. "Our results in the first quarter and our outlook for the remainder of the year give us confidence that we are on track to achieve our revenue and adjusted EBITDA guidance for the full year."
Tribune Media owns and operates 42 local television stations, national cable channel WGN America, WGN Radio and other broadcasting assets, as well as real estate holdings and equity investments.
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