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Tribune Media Co (TRCO.N)

TRCO.N on New York Stock Exchange

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18 Jun 2018
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Latest Key Developments (Source: Significant Developments)

FCC Plans Rule Change Before Court Can Upend Sinclair Bid - Bloomberg, Citing Sources
Wednesday, 13 Jun 2018 05:44pm EDT 

June 13 (Reuters) - :FCC PLANS RULE CHANGE BEFORE COURT CAN UPEND SINCLAIR BID - BLOOMBERG, CITING SOURCES.FCC CHAIRMAN AJIT PAI POISED TO SCHEDULE JULY 12 VOTE ON ALTERING RULES THAT CAP BROADCASTERS’ REACH AT 39 PERCENT OF NATIONAL AUDIENCE - BLOOMBERG.  Full Article

Tribune Media Company Reports Q4 Earnings Per Share $3.73 From Continuing Operations
Thursday, 1 Mar 2018 07:15am EST 

March 1 (Reuters) - Tribune Media Co ::MPANY REPORTS FOURTH QUARTER AND FULL-YEAR 2017 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.81 FROM CONTINUING OPERATIONS.Q4 EARNINGS PER SHARE $3.73 FROM CONTINUING OPERATIONS.Q4 REVENUE FELL 8 PERCENT TO $489 MILLION.TELEVISION AND ENTERTAINMENT NET ADVERTISING REVENUES DECREASED 15% TO $326.2 MILLION FOR Q4.‍AS A RESULT OF TAX REFORM, COMPANY RECORDED A PROVISIONAL DISCRETE NET TAX BENEFIT OF $256 MILLION IN QUARTER​.‍IN LIGHT OF TRANSACTION WITH SINCLAIR, NOT PROVIDING FINANCIAL GUIDANCE FOR FULL YEAR 2018​.  Full Article

Sinclair Reports Q4 Earnings Per Share $4.32
Wednesday, 28 Feb 2018 07:30am EST 

Feb 28 (Reuters) - Sinclair Broadcast Group Inc ::SINCLAIR REPORTS FOURTH QUARTER AND FULL YEAR 2017 FINANCIAL RESULTS.Q4 EARNINGS PER SHARE $4.32.Q4 REVENUE FELL 8 PERCENT TO $734 MILLION.‍PENDING ACQUISITION OF TRIBUNE IS NOT REFLECTED IN COMPANY'S GUIDANCE​.SINCLAIR BROADCAST - ‍CONTINUE TO WORK WITH GOVERNMENTAL AGENCIES TOWARDS SUCCESSFUL ACQUISITION OF TRIBUNE MEDIA , EXPECTED TO CLOSE IN Q2 OF 2018​.SEES Q1 2018 ‍MEDIA REVENUES ARE EXPECTED TO BE APPROXIMATELY $638 MILLION TO $644 MILLION​.QTRLY ‍NET INCOME INCLUDED A $272 MILLION NON-RECURRING TAX BENEFIT​.SINCLAIR BROADCAST - ‍Q1 2018 OFF TO SLOWER THAN EXPECTED START DUE TO LOW PERCENT OF NBC AFFILIATES WHICH IS NETWORK THAT AIRED SUPER BOWL,OLYMPICS​.QTRLY ‍NET INCOME INCLUDED A $225 MILLION GAIN RECOGNIZED FOR VACATING SPECTRUM IN CERTAIN MARKETS​.SINCLAIR BROADCAST - ‍LOOKING FORWARD TO GROWTH DRIVERS FROM UPCOMING MID-TERM ELECTIONS, POSITIVE EFFECTS FROM TAX REFORM, A GROWING ECONOMY​.‍GAIN OF APPROXIMATELY $83 MILLION IS EXPECTED TO BE RECOGNIZED RELATED TO SALE OF SPECTRUM IN MILWAUKEE IN Q1​.SEES ‍Q1 2018 APPROXIMATELY $8 MILLION IN POLITICAL REVENUES AS COMPARED TO $2 MILLION IN Q1 OF 2017​.‍2018 MEDIA EXPENSES, INCLUDING TRADE EXPENSE, ARE EXPECTED TO BE APPROXIMATELY $1,813 MILLION TO $1,817 MILLION​.‍2018 TOTAL CAPEX IS EXPECTED TO BE APPROXIMATELY $179 MILLION TO $189 MILLION​.‍TOTAL CAPITAL EXPENDITURES ARE EXPECTED TO BE APPROXIMATELY $42 MILLION FOR Q1 2018​.  Full Article

Tribune says Ross Levinsohn Notified Of His Decision To Resume Position On Board‍​
Friday, 16 Feb 2018 05:12pm EST 

Feb 16 (Reuters) - Tribune Media Co ::TRIBUNE MEDIA CO - ON FEBRUARY 15, ROSS LEVINSOHN NOTIFIED TRIBUNE MEDIA OF HIS DECISION TO RESUME ACTIVITIES AND HIS POSITION ON THE CO'S BOARD‍​.TRIBUNE MEDIA CO - LEVINSOHN WAS ALSO RE-APPOINTED TO AUDIT COMMITTEE AND NOMINATING AND CORPORATE GOVERNANCE COMMITTEE OF BOARD.TRIBUNE MEDIA SAYS ON FEB 15, LAURA WALKER NOTIFIED DECIDED TO RESIGN FROM AUDIT COMMITTEE OF BOARD - SEC FILING.  Full Article

Tribune Media Company Announces Secondary Offering Of Class A Common Stock
Wednesday, 29 Nov 2017 04:36pm EST 

Nov 29 (Reuters) - Tribune Media Co ::TRIBUNE MEDIA COMPANY ANNOUNCES SECONDARY OFFERING OF CLASS A COMMON STOCK.TRIBUNE MEDIA CO - SECONDARY OFFERING OF 7 MILLION SHARES OF TRIBUNE'S CLASS A COMMON STOCK.  Full Article

Sinclair to raise additional term loans and amend bank credit agreement
Monday, 27 Nov 2017 08:00am EST 

Nov 27 (Reuters) - Sinclair Broadcast Group Inc ::SINCLAIR TO RAISE ADDITIONAL TERM LOANS AND AMEND BANK CREDIT AGREEMENT.SINCLAIR BROADCAST GROUP INC - ‍SINCLAIR IS SEEKING $3.725 BILLION OF NEW INCREMENTAL TERM B LOANS, MATURING IN 2024​.SINCLAIR BROADCAST GROUP INC - ‍PROCEEDS FROM TERM B LOANS ARE EXPECTED TO BE USED TO PURCHASE OUTSTANDING SHARES OF TRIBUNE MEDIA CO, AMONG OTHERS​.SINCLAIR BROADCAST GROUP INC - UNIT INTENDS TO RAISE NEW INCREMENTAL TERM B LOANS, AMEND CERTAIN TERMS UNDER ITS EXISTING BANK CREDIT FACILITY​.  Full Article

‍Moody's says looser local media ownership rules will benefit U.S. television broadcasters​
Thursday, 16 Nov 2017 03:53pm EST 

Nov 16 (Reuters) - Moody's‍::Moody's says looser local media ownership rules will benefit U.S. television broadcasters​.Moody's says U.S. Federal Communication Commission's decision to loosen local media ownership rules is credit positive for U.S. television broadcasters‍​.Moody's says under revised FCC rules, U.S. TV broadcasters to benefit from consolidation of local market ownership through acquisitions, station swaps.  Full Article

Tribune media company reports Q3 EPS of $0.31
Wednesday, 8 Nov 2017 04:15pm EST 

Nov 8 (Reuters) - Tribune Media Co :Tribune media company reports third quarter 2017 results.Q3 adjusted earnings per share $0.31.Q3 loss per share $0.21 from continuing operations.q3 revenue $450.5 million versus I/B/E/S view $461.1 million.Q3 earnings per share view $0.37 -- Thomson Reuters I/B/E/S.Operating results in quarter negatively impacted by higher program impairment charges at WGN America​.In light of previously announced transaction with Sinclair, co is not providing financial guidance for full year 2017​.  Full Article

Sinclair Broadcast Group Q3 earnings per share $0.30
Wednesday, 1 Nov 2017 07:31am EDT 

Nov 1 (Reuters) - Sinclair Broadcast Group Inc ::Sinclair reports year-to-date growth; reports third quarter 2017 financial results.Sees Q4 barter and trade revenue about $33 million.Q3 earnings per share $0.30.Q3 revenue $670.9 million versus I/B/E/S view $671.7 million.Q3 earnings per share view $0.39 -- Thomson Reuters I/B/E/S.Says ‍expects deal with Tribune will close in early 2018.Sees Q4 routine capital expenditures of about $29 million, with another $11 million of capex related to Spectrum Repack​.Says qtrly revenue included $3.1 million impact of hurricane season and other one-time adjustments​.  Full Article

Tribune Media says Bruce Karsh to step down from board
Tuesday, 31 Oct 2017 04:00pm EDT 

Oct 31 (Reuters) - Tribune Media Co :Bruce Karsh stepping down from Tribune Media Company board of directors.Tribune Media Co - ‍in light of pending Sinclair deal, co decided not to name a new chairman and will not be naming a new member to board at this time​.  Full Article

BRIEF-Tribune Media Company Reports Q1 Adjusted EPS $0.51

* TRIBUNE MEDIA CO Q1 REVENUE $443.6 MLN VS I/B/E/S VIEW $457.2 MLN