Tronc Reports Net Income of $6.5M for 2016 Despite Revenue Declines

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Despite the distraction of takeover attempts by Gannett and bold rebranding last year, tronc Inc. (NASDAQ: TRNC) finished 2016 with a few positive notes, including net income for the fourth quarter of $19 million, a significant increase over the net loss of $0.1 million for the same period last year. This included a $46 million pre-tax charge related to the company’s employee voluntary separation program. Net income per share for the fourth quarter was $0.53. Net income per share for the full year was $0.19.

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