|Bid||0.00 x 2200|
|Ask||46.15 x 800|
|Day's Range||46.07 - 46.12|
|52 Week Range||31.61 - 46.46|
|Beta (3Y Monthly)||0.10|
|PE Ratio (TTM)||9.88|
|Earnings Date||May 8, 2019 - May 13, 2019|
|Forward Dividend & Yield||1.00 (2.17%)|
|1y Target Est||46.25|
NEW YORK, March 12, 2019 /PRNewswire/ -- Tribune Media Company (the "Company") (TRCO) announced that at a special meeting held today, the stockholders of the Company voted overwhelmingly to approve the Company's previously announced acquisition by Nexstar Media Group, Inc. ("Nexstar"). More than 95 percent of the votes cast by the Company's Class A common stockholders and Class B common stockholders, voting as a single class, entitled to vote at the special meeting, voted to approve the merger, which represents approximately 73 percent of the shares of the Company's Class A common stock and Class B common stock outstanding as of the special meeting record date. The Company will file a Form 8-K disclosing the full voting results.
With recent economic data regarding manufacturing and consumer spending creating ripples in the market, many investors have likely spent the past couple of weeks re-evaluating which areas of the market they should potentially rotate money toward. Whenever this kind of portfolio soul-searching occurs, some of the first places investors look to are defensive sectors like consumer staples. Should investor money flow into the consumer sectors, we can get some sense of which consumer stocks are best-positioned to ride this rebalancing by looking at investment research platform Quantamize’s Balanced U.S. Consumer Q-Folio, a concentrated quantitative portfolio whose components are drawn from stocks within both the consumer discretionary and consumer staples sectors.
NEW YORK, March 06, 2019 -- In new independent research reports released early this morning, Capital Review released its latest key findings for all current investors, traders,.
Tribune terminated the sale of 42 TV stations in 33 markets to Sinclair, which has 192 stations, in August. A month earlier the Federal Communications Commission referred the deal for a hearing, questioning Sinclair's candor over the planned sale of some stations and suggesting Sinclair would effectively retain control over them. The collapse of the deal, which was backed by U.S. President Donald Trump, potentially ended Sinclair's hopes of building a national conservative-leaning TV powerhouse that might have rivaled Twenty-First Century Fox Inc's Fox News.
BALTIMORE , March 5, 2019 /PRNewswire/ -- Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) notes that the Federal Communications Commission ("FCC") released today the decision of its Administrative ...
February is a sweeps month in the television news biz, and it was a good month in Chicago for both Channel 7 and Channel 9.
on Friday reported better-than-expected fourth-quarter profit thanks to strong advertising revenue, particularly during the U.S. elections in November. The TV station operator said net income for its fourth quarter was $132.8 million, or $1.50 a share, compared to $328.8 million, or $3.72 a share, a year earlier. Analysts surveyed by FactSet had expected fourth-quarter per-share earnings of $1.33 a share.
Co. (TRCO) in the fourth quarter as the company’s results in the year-ago quarter included a $219.8 million income tax benefit. The company reported net income of $132.8 million, down 60% from the comparable quarter a year prior. Tribune Media’s results for the fourth quarter a year prior included a $219.8 million income-tax benefit whereas the results for the most recent fourth quarter included $46 million in income tax expense.
Shares of Tribune Media Co. rallied 1.6% toward a 3 1/2-year high in premarket trade Friday, after the TV station operator reported fourth-quarter adjusted profit and revenue that rose above expectations. The company, which agreed in December to be acquired by Nexstar Media Group Inc. , said net income fell to $132.8 million, or $1.50 a share, from $328.8 million, or $3.72 a share, in the same period a year ago, which included a $256 million tax reform-related benefit. Excluding non-recurring items, adjusted EPS rose to $1.55 from 81 cents, beating the FactSet consensus of $1.37. Revenue rose 18% to $578.7 million, above the FactSet consensus of $577.6 million, as TV and entertainment advertising revenue rose 25% to $406.7 million and political advertising revenue jumped 82% to $99.8 million. The company said it expects to book an $86 million gain in the first quarter from the sale of its 5% stake in the Chicago Cubs baseball team's parent. The stock, which is on track to open at the highest level since August 2015, has climbed 11.5% over the past 12 months through Thursday, while the S&P 500 has gained 4.0%.
NEW YORK , March 1, 2019 /PRNewswire/ -- Tribune Media Company (the "Company") (NYSE: TRCO) today reported its results for the three months and year ended December 31, 2018 . FOURTH QUARTER AND ...
Market watchers will gauge the pulse of the manufacturing sector when the ISM manufacturing data for February is released Friday morning.
Alyson Hannigan Joins the Series as Recurring Guest Star LOS ANGELES , Feb. 28, 2019 /PRNewswire/ -- WGN America is excited to announce that the dramatic saga of Noah Funk's double life will return on ...
"We ended 2018 on a very positive note, beating guidance on all financial metrics," CEO Chris Ripley said.
NEW YORK , Feb. 18, 2019 /PRNewswire/ -- Tribune Media Company (NYSE: TRCO) (the "Company") announced today that it will report financial results for the three and twelve months ended December ...
NEW YORK, Feb. 10, 2019 -- Bragar Eagel & Squire, P.C. reminds investors that it is investigating potential claims on behalf of stockholders of Hamilton Bancorp, Inc., BSB.
Tribune Media Co NYSE:TRCOView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for TRCO with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting TRCO. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding TRCO totaled $5.34 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
NEW YORK, Feb. 06, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
A lot of bad weather in Chicago in January may have helped stem viewership declines for late local newscasts — at least temporarily.
CHICAGO , Jan. 25, 2019 /PRNewswire/ -- Tribune Media Company (NYSE: TRCO) and the Chicago Cubs today announced that Chicago Entertainment Ventures, LLC, the Cubs' parent company, has completed the purchase ...
LOS ANGELES, Jan. 23, 2019 /PRNewswire/ -- WGN America, Sony Pictures Television's networks, and Canada's CTV announced today the renewal of the comedic procedural series Carter for a second season, starring Jerry O'Connell (Billions), Sydney Poitier Heartsong (Chicago P.D.) and Kristian Bruun (Orphan Black). Andy Berman (Psych, Rosewood) joins Carter as Showrunner and Executive Producer for its sophomore season, which will return to North Bay, Ontario to commence production this spring. Series creator Garry Campbell (Kids in The Hall, MADtv) returns as an executive producer and writer on the series.
CEO Perry Sook founded Nexstar Media Group in 1996 and it has grown rapidly since its November 2003 IPO with revenue rising from approximately $214 million to approximately $2.7 billion in 2018.