|Bid||0.00 x 1400|
|Ask||0.00 x 45100|
|Day's Range||46.66 - 46.67|
|52 Week Range||37.03 - 46.68|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||11.40|
|Earnings Date||Nov 7, 2019 - Nov 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||46.25|
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Nexstar Broadcasting, Inc. New York, October 21, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Nexstar Broadcasting, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Moody's Investors Service (Moody's) withdrew its ratings for Tribune Media Company (Tribune), including the company's B1 Corporate Family Rating. The withdrawal follows the completion of the acquisition of Tribune by Nexstar Broadcasting, Inc. (B1 stable).
CINCINNATI , Sept. 19, 2019 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) has closed its acquisition of eight television stations in seven markets divested from the Nexstar Media Group, Inc. (NASDAQ: ...
Nexstar Media Group, Inc. (NXST) (“Nexstar”) announced today that it completed its previously announced acquisition of Tribune Media Company (TRCO) (“Tribune Media”) in an accretive transaction valued at approximately $7.2 billion including the assumption of Tribune Media’s outstanding debt (the “Tribune Transaction”). Pursuant to the merger agreement, Nexstar acquired all outstanding shares of Tribune Media for $46.687397 per share in cash, inclusive of $0.187397 per share to reflect the final closing date relative to the August 31, 2019 targeted closing date.
CHICAGO , Sept. 16, 2019 /PRNewswire/ -- Tribune Media Company (NYSE: TRCO) issued the following statement regarding today's announcement by the Federal Communication Commission that it has approved the ...
The Federal Communications Commission on Monday said it voted to approve Nexstar Media Group Inc's acquisition of Tribune Media Co in a $6.4 billion deal. The 3-to-2 vote follows the U.S. Justice Department's announcement in July that it had approved the deal, saying the companies had to divest television stations in 13 markets to resolve antitrust concerns. Nexstar said in December it had agreed to buy Chicago-based Tribune for $4.1 billion in a deal valued at $6.4 billion, including debt, that would make it the largest regional U.S. television station operator.
Federal Communications Commission chairman Ajit Pai on Friday sought approval from his colleagues to order the go ahead for Nexstar Media Group Inc's acquisition of Tribune Media Co in a $6.4 billion tie-up, a spokeswoman for the agency said. Last month, the U.S. Justice Department approved the deal, saying the companies must divest television stations in 13 markets to resolve antitrust concerns. Pai's order circulated Friday needs the consent of a majority of the five-member FCC.
NOW SPORTS BETTORS GET EVEN MORE INNOVATIVE SERVICES GALWAY , Ireland , Aug. 27, 2019 /PRNewswire/ -- Covers.com , the leader in sports betting information* and advice since 1995, is excited to announce ...
Tribune Media (NYSE: TRCO ) reported second-quarter earnings of 79 cents per share, which beat the analyst consensus estimate of 73 cents by 8.22%. This is a 17.71% decrease over earnings of 96 cents per ...
Tribune Media Co. reported Friday a second-quarter profit that beat expectations but revenue that fell shy, weighed down by a decline in political advertising TV revenue. Net income fell to $63.7 million, or 71 cents a share, from $84.4 million, or 96 cents a share, in the year-ago period. Excluding non-recurring items, adjusted EPS declined to 79 cents from 99 cents, but was above the FactSet consensus of 71 cents. Total revenue fell 1% to $484.0 million, just below the FactSet consensus of $484.3 million. TV and entertainment revenue slipped by $3.9 million, or 1%, to $482.6 million, as political advertising revenue fell $17.6 million and "other" revenue declined $6.4 million, while retransmission revenue rose $15.2 million, core ad revenue increased $2.2 million and digital ad revenue grew $2.9 million. The company said it would not provide 2019 guidance or conduct a post-results conference call, given the proposed acquisition of Nexstar. The stock, which was still inactive in premarket trading, has gained 2.6% year to date, while the S&P 500 has run up 17.2%.
NEW YORK , Aug. 9, 2019 /PRNewswire/ -- Tribune Media Company (NYSE: TRCO) (the "Company") today reported its results for the three and six months ended June 30, 2019 . SECOND QUARTER 2019 FINANCIAL ...
TV outfit Tribune Media beat Wall Street's second-quarter earnings expectations. Wall Street was expecting earnings of 73 cents. Tribune is planning on merging with Nexstar Media Group , pending approval by regulators.
The New York Times Company (NYT) register higher digital-only subscriptions during the second quarter of 2019. The company has set a goal to reach 10 million total subscriptions by 2025.
NEW YORK , July 29, 2019 /PRNewswire/ -- Tribune Media Company (NYSE: TRCO) (the "Company") announced today that it will report financial results for the three months and six months ended June ...
Moody's Investors Service ("Moody's") affirmed Scripps (E.W.) Company (The)'s ("Scripps") B1 corporate family rating (CFR) and B1-PD probability of default rating (PDR). Concurrently, Moody's upgraded the rating on the company's senior secured bank credit facility to Ba2 from Ba3 and affirmed the B3 rating on the company's senior unsecured notes.
Twenty years ago, Jason Mudrick launched his own distressed credit and event driven-oriented hedge fund, Mudrick Capital Management. The fund is headquartered in New York City, and its current Chief Investment Officer is its founder. At the time of the launching, the fund had around $5 million of initial capital and over the years, it […]
Shares in Sinclair Broadcast Group Inc fell by 1.6% after the U.S. Federal Communications Commission disclosed it has opened an investigation into whether the company misled the agency in its failed effort to win approval for a $3.9 billion bid to purchase Tribune Media Co. In a June 25 letter to Sinclair posted Wednesday on the FCC’s website, the government agency's media bureau directed Sinclair to answer a series of questions by July 9. On Thursday, the letter had been removed from the FCC's website.