TPCO Oct 2019 11.000 call

OPR - OPR Delayed Price. Currency in USD
0.0000 (0.00%)
As of 12:31PM EDT. Market open.
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Previous Close0.1000
Expire Date2019-10-18
Day's Range0.1000 - 0.1000
Contract RangeN/A
Open InterestN/A
  • GlobeNewswire

    Tribune Publishing Names Randy Novak to Lead National Sales

    CHICAGO, Aug. 21, 2019 -- Tribune Publishing Company (NASDAQ:TPCO) announced today Randy Novak, an executive with 20 years of advertising experience including media roles on.

  • GlobeNewswire

    Chicago Tribune Announces 2019 Literary and Heartland Award Winners

    The Chicago Tribune announced today the winners of its 2019 Literary Award and Heartland Prizes, which will be presented at the Chicago Humanities Festival on November 3 and October 27, respectively. For its Literary Award winner, the Tribune will celebrate Henry Louis Gates, Jr., a pioneering American scholar and literary critic who has enriched public life and conversation in his passionate devotion to African American history, culture and literature. Gates – who was awarded the Heartland Prize in 1994 for his memoir, “Colored People” – will receive the award November 3 at the Harris Theater.

  • Tribune Publishing Company (TPCO) Q2 2019 Earnings Call Transcript
    Motley Fool

    Tribune Publishing Company (TPCO) Q2 2019 Earnings Call Transcript

    TPCO earnings call for the period ending June 30, 2019.

  • GlobeNewswire

    Tribune Publishing Reports Second Quarter 2019 Results

    Net income from continuing operations up more than $20 million year-over-year Continued growth momentum in digital-only subscribers reaching 300,000 CHICAGO, Aug. 07,.

  • Bloomberg

    For USA Today, Pain Awaits No Matter the Buyer

    (Bloomberg Opinion) -- Better the devil with money than the devil without it.USA Today publisher Gannett Co. announced late Monday that it would sell itself to New Media Investment Group Inc. in a cash-and-stock deal valued at $1.9 billion including debt, or about $12.06 a share based on last week’s closing prices. The agreement combines the two largest newspaper publishers in America and comes just three months after Gannett successfully rebuffed a proxy fight launched by an Alden Global-backed newspaper group in a bid to force the board to consider its $12 a share takeover offer.In that fight, Gannett lambasted Alden’s penchant for aggressive cost cutting and seemingly endless journalist firings, saying these practices undercut “papers’ ability to produce quality journalism and retain subscribers.” But New Media is hardly a neophyte when it comes to cost cutting. At the end of the day, it appears it was really just about the money. New Media has clinched a term loan from Apollo Global Management to fund the takeover, whereas Alden’s bid lacked any firm financing commitments. Put another way, New Media was able to afford a Gannett takeover; Alden wasn’t.The $300 million in annual savings New Media is targeting from the merger of its GateHouse Media operations with Gannett is a huge number and implies a dizzying level of cost cuts. That’s nearly 7% of the companies’ combined sales over the past year. By comparison, when Gannett pursued Tribune Publishing Co. in 2016, the only public synergy number the company gave was $50 million. Gannett indicated at various points that the ultimate savings could be higher, but there’s no reason to think that in that contentious battle, the company was withholding the fact that synergies could in fact be six times as high.For the sake of argument, let’s say Gannett was really eyeing something more like $100 million in cost savings from a Tribune deal. That would have been a little over 2% of Tribune and Gannett’s combined sales in 2016. Another key difference is that at that point in time, Tribune was a relatively fatty newspaper company and needed some operational improvement. Gannett and GateHouse’s cost cuts will come on top of years’ worth of trimming.The companies say the savings will come from the increased scale of the organization, the sharing of best practices, leveraging existing infrastructure, facility rationalization and other “judicious” cost reductions, which I’m going to assume is a euphemism for job cuts. Against this backdrop of heavy cost cutting and the need for consolidation to survive, New Media does appear to be cutting its dividend, but the company expects to raise the payout over time as it repays debt.Speaking of debt, you know who doesn’t have very much of it anymore? Gannett’s former would-be partner, Tribune. The company had a net cash balance at the end of 2018 and just $48 million of net debt as of March, according to data compiled by Bloomberg. Recall that Tribune had reportedly attempted to rekindle merger talks with Gannett in the weeks before Alden-backed MNG Enterprises Inc. launched its pursuit of the company. Gannett staunchly defended its digital initiatives amid criticism from Alden about a lack of return. While it claims the New Media deal will help it accelerate its investments on that front, it remains unclear to me why it wouldn’t be preferable to tap Tribune’s relatively pristine balance sheet. A deal with Tribune is hardly without its own share of risks, though, in a time of declining circulation and advertising dollars.At the end of the day, I’m not sure there are any great options left for newspaper companies. New Media shares fell 7.6% on the news of the Gannett merger Monday and were down as much as an additional 17% on Tuesday. It's a sign that investors have their doubts about the companies’ ability to achieve the deal’s purported benefits. The decline also puts the offer price well below the $12 Alden Global had offered (albeit without ever giving a firm indication of the financing to back that up). This deal may be all about the money, but it says a lot that Gannett, the largest newspaper publisher by circulation, now views itself as a seller in this environment.To contact the author of this story: Brooke Sutherland at bsutherland7@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at©2019 Bloomberg L.P.

  • Benzinga

    Tribune Publishing Bets On Cannabis News With New Partnership

    As part of a new partnership, content from The Fresh Toast will be offered across 600 media and digital information publishers who receive content from Tribune, the companies said in a press release. Tribune cited the growing public interest in cannabis and related products and the medical marijuana movement in its decision to partner with The Fresh Toast.

  • GlobeNewswire

    Tribune Publishing to Report Second Quarter 2019 Results on August 7, 2019

    CHICAGO, July 23, 2019 -- Tribune Publishing (NASDAQ:TPCO) today announced it will report its financial results for the second quarter ended June 30, 2019 on Wednesday, August.

  • GlobeNewswire

    Tribune Publishing Appoints New Editor-in-Chief for the Virginian-Pilot and the Daily Press

    NORFOLK, Va. and NEWPORT NEWS, Va., July 22, 2019 -- Tribune Publishing (NASDAQ:TPCO) announced today that Kris Worrell has been named Editor-in-Chief of the Virginian-Pilot in.

  • Tribune Publishing Company Sees Hammer Chart Pattern: Time to Buy?

    Tribune Publishing Company Sees Hammer Chart Pattern: Time to Buy?

    Tribune Publishing has been struggling lately, but the selling pressure may be coming to an end soon.

  • Is Tribune Publishing Company (TPCO) A Good Stock To Buy ?
    Insider Monkey

    Is Tribune Publishing Company (TPCO) A Good Stock To Buy ?

    Hedge fund managers like David Einhorn, Bill Ackman, or Carl Icahn became billionaires through reaping large profits for their investors, which is why piggybacking their stock picks may provide us with significant returns as well. Many hedge funds, like Paul Singer’s Elliott Management, are pretty secretive, but we can still get some insights by analyzing […]

  • GlobeNewswire

    New York Daily News celebrates 100 years

    The commemorative section, provided to subscribers on Sunday June 23rd, will also be inserted into editions of the Daily News throughout the week and available for purchase at newsstands. The 120-page print and digital edition includes the history of the paper, renowned Daily News photos by decade, contributions from several legendary News columnists and a look at a century of news stories.  Newsies in traditional outfits will be distributing the section during the Wednesday afternoon rush hour at Grand Central Station, Penn Station, Port Authority, Union Square and Staten Island Ferry. “This is a celebration of our past, even as we are very focused on the future,” said Terry Jimenez, CFO, Tribune Publishing.

  • Motley Fool

    High-End Retailers Lululemon, RH, Deliver the Goods

    The apparel company has been consistent, but the furniture seller really needed this quarter’s win.

  • Merger talks swirl around McClatchy, other legacy print newspaper companies
    American City Business Journals

    Merger talks swirl around McClatchy, other legacy print newspaper companies

    Sacramento-based The McClatchy Co. and several other legacy newspaper companies are said to be in merger talks, according to The Wall Street Journal.


    Gannett Advances on Reported Merger Talks With Gatehouse

    rose 1.3% to $7.73 on Thursday following a report that the media giant held merger talks with Gatehouse Media. The deal with Gatehouse would unite the two largest newspaper chains in the U.S. Neither company immediately responded to requests for comment. Gannett operates more than 100 newspaper operations in 34 states and 160 online news brands in the U.K. GateHouse publishes 156 daily newspapers, 464 community publications, and operates in more than 615 local markets in 39 states.


    StockBeat - Gannett Rises on Report of Merger Talks With Gatehouse Media - USA Today publisher Gannett climbed on Thursday after a report that it was looking to team up with Gatehouse Media, a deal that would combine the two largest U.S. newspaper chains.

  • GlobeNewswire

    Tribune Publishing Announces $1.50 Per Share Special Cash Dividend

    CHICAGO, May 30, 2019 -- Tribune Publishing Company (NASDAQ: TPCO) today announced that its Board of Directors has declared a special cash dividend of $1.50 per share, or.

  • Meredith (MDP) Q3 Results Solid, Soft Earnings View Hurts

    Meredith (MDP) Q3 Results Solid, Soft Earnings View Hurts

    Meredith (MDP) witnesses solid earnings and revenue growth in third-quarter fiscal 2019 due to strong performance across segments. However, a slashed EBITDA and earnings view hurts investor sentiment.

  • Here's when the Orlando Sentinel's lease expires downtown
    American City Business Journals

    Here's when the Orlando Sentinel's lease expires downtown

    In recent years, newspapers across the U.S. have sold and subleased space as revenue has declined, headcounts have shrunk and printing operations have moved.

  • Tribune Publishing Company (TPCO) Q1 2019 Earnings Call Transcript
    Motley Fool

    Tribune Publishing Company (TPCO) Q1 2019 Earnings Call Transcript

    TPCO earnings call for the period ending March 31, 2019.

  • GlobeNewswire

    Tribune Publishing Reports First Quarter 2019 Results

    Company Delivers Year-Over-Year Revenue Growth Driven by Continued Increases in Digital Subscribers Ongoing Cost Management Efforts Support Improved Profitability CHICAGO, May.

  • GlobeNewswire

    Chicago Tribune Surpasses 100,000 Digital Subscribers

    Tribune Publishing Company (TPCO) announced today that the Chicago Tribune passed 100,000 digital-only subscribers last month. “This is a milestone – not a destination – as we accelerate toward being a truly digitally-focused company,” said Timothy P. Knight, CEO and President, Tribune Publishing. The Chicago Tribune’s breakthrough represents just a portion of digital-only subscriptions at Tribune Publishing, which continues to enhance its capabilities under Mark Campbell, Chief Marketing Officer of Digital Subscriptions.

  • GlobeNewswire

    Tribune Publishing to Report First Quarter 2019 Results on May 8, 2019

    CHICAGO, April 29, 2019 -- Tribune Publishing (NASDAQ:TPCO) today announced it will report its financial results for the first quarter ended March 31, 2019 on Wednesday, May 8,.

  • GlobeNewswire

    South Florida Sun Sentinel Awarded 2019 Pulitzer Prize in the Public Service Category

    CHICAGO, April 16, 2019 -- Tribune Publishing Company (NASDAQ:TPCO) properties were recognized Monday by the 2019 Pulitzer Prize Board as the South Florida Sun Sentinel was.

  • Associated Press

    Virginian-Pilot, Daily Press editor leaving newspapers

    The Virginian-Pilot and Daily Press newspapers' top editor is leaving amid restructuring at the publications. The Virginian-Pilot reports Friday that Tribune Publishing announced Marisa Porto's departure. Porto previously led the Daily Press Media Group, which includes the Virginia Gazette and Tidewater Review.