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Tribune Media Co (TRCO.N)

TRCO.N on New York Stock Exchange

37.86USD
18 Sep 2018
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Latest Key Developments (Source: Significant Developments)

Tribune Media Co Issues Statement On Sinclair Lawsuit
Wednesday, 29 Aug 2018 

Aug 29 (Reuters) - Tribune Media Co ::TRIBUNE MEDIA COMPANY STATEMENT ON SINCLAIR LAWSUIT.TRIBUNE MEDIA CO - ISSUED STATEMENT REGARDING LAWSUIT FILED AGAINST CO BY SINCLAIR BROADCAST GROUP.  Full Article

Sinclair Broadcast Says Intends To Defend Against Tribune Lawsuit
Thursday, 9 Aug 2018 

Aug 9 (Reuters) - Sinclair Broadcast Group Inc ::SINCLAIR TRIBUNE MERGER AGREEMENT TERMINATED; SINCLAIR FILES WITH THE FCC TO WITHDRAW THE MERGER APPLICATION AND FILES A MOTION TO TERMINATE THE HEARING BEFORE THE ADMINISTRATIVE LAW JUDGE.INTEND TO DEFEND AGAINST LAWSUIT DESCRIBED IN TRIBUNE'S FILINGS."AS FOR TRIBUNE'S LAWSUIT, WE FULLY COMPLIED WITH OUR OBLIGATIONS UNDER MERGER AGREEMENT".SINCLAIR BROADCAST SAYS "DID NOT MISLEAD FCC WITH RESPECT TO TRANSACTION" WITH TRIBUNE.  Full Article

Tribune Media Responds To Issues Raised In FCC Hearing Designation Order
Thursday, 19 Jul 2018 

July 19 (Reuters) - Tribune Media Co ::TRIBUNE MEDIA COMPANY RESPONDS TO ISSUES RAISED IN FCC HEARING DESIGNATION ORDER.TRIBUNE MEDIA - CURRENTLY EVALUATING IMPLICATIONS OF FCC HEARING DESIGNATION ORDER AND ASSESSING ALL OPTIONS.TRIBUNE - WILL BE "GREATLY DISAPPOINTED" IF DEAL CANNOT BE COMPLETED, BUT WILL REDEDICATE EFFORTS TO RUNNING BUSINESSES AND OPTIMIZING ASSETS.  Full Article

Sinclair Amends Certain Divestitures
Wednesday, 18 Jul 2018 

July 18 (Reuters) - Sinclair Broadcast Group Inc ::SINCLAIR AMENDS CERTAIN DIVESTITURES.SINCLAIR BROADCAST GROUP INC - CHANGES ARE IN RESPONSE TO STATEMENTS MADE JULY 16, 2018 BY CHAIRMAN AJIT PAI OF FEDERAL COMMUNICATIONS COMMISSION.SINCLAIR BROADCAST GROUP INC - NEITHER SINCLAIR OR TRIBUNE HAVE SEEN DRAFT HDO.SINCLAIR BROADCAST GROUP INC - WITHDRAWN PENDING DIVESTITURES OF STATIONS IN DALLAS (KDAF) AND HOUSTON (KIAH) TO CUNNINGHAM BROADCASTING CORPORATION.SINCLAIR BROADCAST GROUP INC - TRIBUNE HAS WITHDRAWN PENDING DIVESTITURE OF WGN IN CHICAGO TO WGN-TV LLC.SINCLAIR BROADCAST - TO REQUEST PERMISSION FROM FCC TO PUT DALLAS, HOUSTON STATIONS INTO TRUST TO BE SOLD BY INDEPENDENT TRUSTEE AFTER TRIBUNE DEAL CLOSE.SINCLAIR BROADCAST - EXPECTS TO HAVE ENTERED INTO PURCHASE AGREEMENT WITH THIRD PARTY BUYERS FOR DALLAS AND HOUSTON STATIONS PRIOR TO CLOSING.SINCLAIR BROADCAST - AS A RESULT OF WITHDRAWAL OF APPLICATION RELATING TO WGN, CO WILL "SIMPLY" ACQUIRE THAT STATION AS PART OF TRIBUNE DEAL.SINCLAIR BROADCAST - FCC'S CONCERNS WITH SALES TO CERTAIN PARTIES HAVE BEEN ELIMINATED IN LIGHT OF WITHDRAWALS OF APPLICATIONS RELATING TO DALLAS, HOUSTON & CHICAGO.SINCLAIR BROADCAST SAYS "CALL UPON FCC TO APPROVE MODIFIED TRIBUNE ACQUISITION".SINCLAIR BROADCAST - HAS HAD "NUMEROUS" MEETINGS WITH FCC'S MEDIA BUREAU TO MAKE THEM AWARE OF TRANSACTION'S STRUCTURE.SINCLAIR BROADCAST GROUP INC - ALL RELEVANT AGREEMENTS DOCUMENTING SUCH TERMS AS REQUIRED BY FCC RULES HAVE BEEN FILED.  Full Article

Tribune Media Co Says Will Review FCC Hearing Designation Order When Released
Tuesday, 17 Jul 2018 

July 17 (Reuters) - Tribune Media Co ::TRIBUNE MEDIA COMPANY RESPONDS TO RECENT REGULATORY DEVELOPMENTS.TRIBUNE MEDIA - WILL REVIEW FCC'S HEARING DESIGNATION ORDER WHEN RELEASED AND EXPECTS TO WORK WITH FCC TO EXPLORE WAYS TO ADDRESS CONCERNS IDENTIFIED.TRIBUNE MEDIA SAYS "DISAPPOINTED" TO LEARN THAT CHAIRMAN CIRCULATED ORDER DESIGNATING CERTAIN ISSUES FOR CONSIDERATION BY ADMINISTRATIVE LAW JUDGE.TRIBUNE MEDIA - CO IS STUDYING STATEMENT BY FCC CHAIRMAN AJIT PAI REGARDING CO'S PENDING ACQUISITION BY SINCLAIR BROADCAST GROUP.TRIBUNE MEDIA CO - UNTIL CO REVIEWS FCC ORDER, IT IS "DIFFICULT TO EXPLAIN POTENTIAL ISSUES IT MIGHT CREATE FOR TRANSACTION" WITH SINCLAIR.  Full Article

U.S. FCC Chairman says has 'serious concerns about the Sinclair/Tribune transaction' -statement
Monday, 16 Jul 2018 

July 16 (Reuters) - Sinclair Broadcast Group Inc ::U.S. FCC CHAIRMAN SAYS HAS 'SERIOUS CONCERNS ABOUT THE SINCLAIR/TRIBUNE TRANSACTION' -STATEMENT.FCC CHAIRMAN SAYS EVIDENCE SUGGESTS CERTAIN PROPOSED STATION DIVESTITURES WOULD ALLOW SINCLAIR TO CONTROL THEM 'IN PRACTICE, EVEN IF NOT IN NAME'.FCC'S PAI SAYS UNDER LAW, AGENCY MUST DESIGNATE SINCLAIR-TRIBUNE TRANSACTION FOR A HEARING.  Full Article

Tribune Media Company Reports Q1 Adjusted EPS $0.51
Thursday, 10 May 2018 

May 10 (Reuters) - Tribune Media Co ::MPANY REPORTS FIRST QUARTER 2018 RESULTS.TRIBUNE MEDIA CO <<>> Q1 ADJUSTED SHR $0.51.TRIBUNE MEDIA CO <<>> Q1 SHR $1.60 FROM CONTINUING OPERATIONS.TRIBUNE MEDIA CO <<>> Q1 REVENUE $443.6 MLN VS I/B/E/S VIEW $457.2 MLN.TRIBUNE MEDIA CO <<>> Q1 SHR VIEW $0.11 -- THOMSON REUTERS I/B/E/S.TRIBUNE MEDIA CO QTRLY NET CORE ADVERTISING REVENUES DECREASED 10% TO $245.0 MLN .  Full Article

Tribune Media Company Announces Secondary Offering Of Class A Common Stock
Wednesday, 29 Nov 2017 

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 

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 

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

Deals of the day-Mergers and acquisitions

Sept 6 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday: