|Bid||0.00 x 2200|
|Ask||0.00 x 800|
|Day's Range||38.37 - 38.76|
|52 Week Range||34.81 - 43.71|
|PE Ratio (TTM)||8.10|
|Earnings Date||Aug 7, 2018 - Aug 13, 2018|
|Forward Dividend & Yield||1.00 (2.58%)|
|1y Target Est||43.00|
Ten years after newspaper publisher Tribune Media Co. defaulted on billions of dollars in debt, a federal judge is pushing for settlement talks between big shareholders that cashed out in a leveraged buyout and creditors that were burned in the bankruptcy that followed. The push came from Judge Richard Sullivan, a New York federal judge presiding over the $8 billion Tribune LBO lawsuit, a classic of the bankruptcy genre, in which creditors say the deal that enriched shareholders doomed them and publisher. After years of wins and losses for both sides, the case is no closer to trial, and Judge Sullivan is trying to drive peace talks.
Nonprofits Public Knowlege and Common argued in the motion filed Thursday that the FCC should "hold its hand as a matter of prudence" while the D.C. Circuit of Appeals decides on a related case.
Does the share price for Tribune Media Company (NYSE:TRCO) reflect it’s really worth? Today, I will calculate the stock’s intrinsic value by projecting its future cash flows and then discountingRead More...
In April, Sinclair said it would sell 23 television stations to obtain the necessary regulatory approvals of the Tribune transaction. Sinclair, based in Hunt Valley, Maryland, said that if the deal was approved it would reach nearly 59 percent of the nation’s television households.
Sinclair Broadcast Group Inc.’s proposed purchase of Tribune Media Co. drew opposition from strange political bedfellows, as the American Civil Liberties Union and the conservative Parents Television Council separately asked regulators to reject the deal. Each group told the Federal Communications Commission that Sinclair would be too large, to the detriment of local voices, if allowed to absorb Tribune’s 42 television stations. The FCC and Justice Department are weighing the $3.9 billion deal proposed in 2017, which would create a coast-to-coast media giant with more than 200 stations.
LONDON, UK / ACCESSWIRE / June 19, 2018 / If you want access to our free earnings report on Tribune Media Co. (NYSE: TRCO), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=TRCO. The Company reported its financial results on May 10, 2018, for the first quarter of the fiscal year 2018 (Q1 FY18). The Chicago-based Company exceeded analysts’ expectations for earnings for Q1 FY18.
Companies in the TV Broadcasting industry operate studios and facilities that program and deliver audiovisual content to the public via over-the-air transmission. The types of programming offered can be made by broadcasters or by affiliates that exist outside the industry.
Newspaper publisher Tronc Inc., whose name was widely ridiculed after its debut two years ago, is considering abandoning the moniker, according to a person familiar with the matter. Executives have discussed the idea of a name change, but no decision has been made, said the person, who asked not to be identified because the deliberations are private. In June 2016, while fighting a hostile takeover bid from Gannett Co., Tribune Publishing Co. announced it was renaming itself Tronc, which stands for Tribune Online Content, to reflect its new digital ambitions.
Witty Comedy "Carter" and Explosive Crime Drama "Gone" Add Star-driven Depth to Network's Current Programming Slate LOS ANGELES , June 12, 2018 /PRNewswire/ -- WGN America unveiled ...
Short interest is low for TRCO with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices.
Sinclair Broadcast Group Inc. expects its heavily debated acquisition of Tribune Media Co. to close next month. If the agency provides quick approval, Sinclair could complete the deal in late July, CEO Chris Ripley said in a phone interview Thursday afternoon following the company's annual shareholders meeting. With the $3.9 billion purchase of Chicago-based Tribune, Sinclair would strengthen its position as the largest TV broadcaster in the U.S. with 215 stations in 102 markets.
More than 60 people rallied outside of Sinclair Broadcast's headquarters in Hunt Valley on Thursday morning against the broadcaster's acquisition of Tribune Media Co.
The Baltimore Business Journal released this week its annual List of the largest public companies, providing an opportunity to take a broader look at how the companies fared by revenue in 2017.
Janssen's new role comes as Sinclair Broadcast Group looks to be close to completing its acquisition of Channel 9 parent Tribune Media Co.
The U.S. Federal Communications Commission said on Monday it wants additional comments on Sinclair Broadcast Group Inc's (SBGI.O) planned $3.9 billion (£2.9 billion) acquisition of Tribune Media Co (TRCO.N) and disclosed it does not expect to make a decision before July 12. Sinclair said in April it would divest 23 television stations in a bid to win government approval but would still need FCC permission to own more than one station in some markets. The FCC will take comments and responses through July 12.
In today's pre-market research, WallStEquities.com covers the TV Broadcasting industry, whose demand is driven by business advertising, program popularity, and consumer demographics. Under observation this morning are the following stocks: Entravision Communications Corp. (NYSE: EVC), Gray Television Inc. (NYSE: GTN), Nexstar Media Group Inc. (NASDAQ: NXST), and Tribune Media Co. (NYSE: TRCO). On Monday, shares in Santa Monica, California headquartered Entravision Communications Corp. recorded a trading volume of 333,226 shares.
Milwaukee Fox television affiliate WITI-TV (Channel 6) will remain with the network after the station is sold to Sinclair Broadcast Group.
The Chicago-based company said it had net income of $1.60 per share. Earnings, adjusted for non-recurring gains, were 51 cents per share. The results exceeded Wall Street expectations. The average estimate ...
Tribune Media Co. , which is in the midst of a merger with Sinclair, said Thursday it had net income of $141.2 million, or $1.60 a share, in the first quarter, after a loss of $85.6 million, or 99 cents a share, in the year-earlier period. Adjusted per-share earnings came to 51 cents, ahead of the 11 cents FactSet consensus. Chief Executive Peter Kern said growth in re-transmission and carriage fee revenues offset headwinds in advertising and the company's limited exposure to Olympics and Super Bowl advertising.
NEW YORK , May 10, 2018 /PRNewswire/ -- Tribune Media Company (the "Company") (NYSE: TRCO) today reported its results for the three months ended March 31, 2018 . FIRST QUARTER 2018 FINANCIAL ...