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Tribune Media Co (TRCO.N)

TRCO.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Tribune Media Q2 Adjusted Earnings Per Share $0.79
Friday, 9 Aug 2019 

Tribune Media Co ::MPANY REPORTS SECOND QUARTER 2019 RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.79.Q2 EARNINGS PER SHARE $0.71.Q2 REVENUE $484 MILLION VERSUS REFINITIV IBES ESTIMATE OF $484.9 MILLION.Q2 EARNINGS PER SHARE ESTIMATE $0.73 -- REFINITIV IBES DATA.QTRLY TELEVISION AND ENTERTAINMENT ADVERTISING REVENUES FELL 4% TO $298.9 MILLION.QTRLY CORE ADVERTISING REVENUES (WHICH EXCLUDE POLITICAL AND DIGITAL REVENUES) INCREASED 1% TO $276.0 MILLION.QTRLY NET POLITICAL ADVERTISING REVENUES WERE $3.0 MILLION VERSUS $20.7 MILLION.IN LIGHT OF PROPOSED DEAL WITH NEXSTAR, CO NOT PROVIDING FINANCIAL GUIDANCE FOR FY 2019.  Full Article

Nexstar Media Group Prices $3,065 Million Term Loan B And $675 Million Term Loan A Facilities
Thursday, 20 Jun 2019 

June 20 (Reuters) - Nexstar Media Group Inc ::NEXSTAR MEDIA GROUP PRICES $3,065 MILLION TERM LOAN B AND $675 MILLION TERM LOAN A FACILITIES.NEXSTAR MEDIA GROUP INC - UNIT HAS PRICED A $3,065 MILLION TERM LOAN B FACILITY AND $675 MILLION TERM LOAN A FACILITY.NEXSTAR MEDIA GROUP INC - TERMS LOANS MARK NEXSTAR'S COMPLETION OF PRIMARY FINANCING FOR TRIBUNE MEDIA TRANSACTION AT ATTRACTIVE RATES AND TERMS.NEXSTAR MEDIA GROUP INC - TERM LOAN A FACILITY WILL BE ISSUED AT PAR AND WILL BEAR INTEREST AT A RATE OF LIBOR PLUS 1.75%.NEXSTAR MEDIA GROUP INC - TERM LOAN A WILL HAVE A FIVE YEAR MATURITY.NEXSTAR MEDIA - TERM LOAN B FACILITY WILL BE ISSUED AT A PRICE EQUAL TO 99.50% OF ITS FACE VALUE AND WILL BEAR INTEREST AT A RATE OF LIBOR PLUS 2.75%.  Full Article

Nexstar Media Group Announces $1,120 Million Offering Of Senior Notes
Tuesday, 18 Jun 2019 

June 18 (Reuters) - Nexstar Media Group Inc ::NEXSTAR MEDIA GROUP ANNOUNCES $1,120 MILLION OFFERING OF SENIOR NOTES.NEXSTAR MEDIA GROUP - UNIT INTENDS TO OFFER UP TO $1,120 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF NEW SENIOR NOTES DUE 2027 IN PRIVATE OFFERING.NEXSTAR MEDIA GROUP INC - NEXSTAR BROADCASTING INTENDS TO USE NET PROCEEDS FROM PROPOSED OFFERING TO FUND PROPOSED ACQUISITION OF TRIBUNE.  Full Article

Tribune Media Company Reports Q1 Earnings Per Share $1.27
Friday, 10 May 2019 

May 10 (Reuters) - Tribune Media Co ::MPANY REPORTS FIRST QUARTER 2019 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $0.60.Q1 EARNINGS PER SHARE $1.27.Q1 REVENUE $455 MILLION VERSUS REFINITIV IBES ESTIMATE OF $449.8 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.22 -- REFINITIV IBES DATA.QTRLY TELEVISION AND ENTERTAINMENT ADVERTISING REVENUES WERE $269.9 MILLION, WHICH WAS FLAT COMPARED TO Q1 OF 2018.REAL ESTATE REVENUES FOR Q1 OF 2019 WERE $1.6 MILLION COMPARED TO $2.9 MILLION.QTRLY CORE ADVERTISING REVENUES (WHICH EXCLUDE POLITICAL AND DIGITAL REVENUES) INCREASED 1% TO $247.7 MILLION.NOT PROVIDING FINANCIAL GUIDANCE FOR FULL YEAR 2019.COMPANY IS NOT CONDUCTING A CONFERENCE CALL REGARDING ITS Q1 2019 FINANCIAL RESULTS.SETS QUARTERLY CASH DIVIDEND OF $0.25PER SHARE.  Full Article

Tribune Media Says CEO's 2018 Total Compensation Was $8.4 Mln Vs $7.3 Mln In 2017
Friday, 22 Mar 2019 

March 22 (Reuters) - Tribune Media Co ::TRIBUNE MEDIA CO - PETER KERN, CEO'S 2018 TOTAL COMPENSATION WAS $8.4 MILLION VERSUS $7.3 MILLION IN 2017 - SEC FILING.TRIBUNE MEDIA CO - CHANDLER BIGELOW, EVP AND CFO'S 2018 TOTAL COMPENSATION WAS $4.1 MILLION VERSUS $4.7 MILLION IN 2017.TRIBUNE MEDIA CO - ANNUAL 2018 TOTAL COMPENSATION OF CEO TO MEDIAN OF ANNUAL 2018 TOTAL COMPENSATION OF ALL EMPLOYEES WAS ABOUT 151 TO 1.  Full Article

Tribune Broadcasting And Charter Communications Reach Retransmission And Carriage Agreement
Friday, 11 Jan 2019 

Jan 11 (Reuters) - Tribune Media Co ::TRIBUNE BROADCASTING AND CHARTER COMMUNICATIONS REACH RETRANSMISSION AND CARRIAGE AGREEMENT.SPECIFIC TERMS OF AGREEMENT WERE NOT DISCLOSED.  Full Article

Tribune Media Co - Approved New Employment Agreement With CFO
Friday, 7 Dec 2018 

Dec 7 (Reuters) - Tribune Media Co ::TRIBUNE MEDIA CO - APPROVED NEW EMPLOYMENT AGREEMENT WITH CFO CHANDLER BIGELOW.TRIBUNE MEDIA CO - EMPLOYMENT AGREEMENT HAS A TERM OF JANUARY 1, 2019 THROUGH DECEMBER 31, 2020.  Full Article

Law Firm Files Suit On Behalf Of Bon-Ton Against Media Conglomerates
Monday, 8 Oct 2018 

Oct 8 (Reuters) - Law Firm Dicello Levitt & Casey : :LAW FIRM DICELLO LEVITT & CASEY SAYS FILES SUIT ON BEHALF OF BON-TON AGAINST MEDIA CONGLOMERATES FOR FIXING TV AD RATES.LAW FIRM DICELLO LEVITT & CASEY SAYS FILED ANTITRUST SUIT ON BEHALF OF BON-TON STORES AGAINST SINCLAIR, TRIBUNE CO.  Full Article

FCC Plans Rule Change Before Court Can Upend Sinclair Bid - Bloomberg, Citing Sources
Wednesday, 13 Jun 2018 

June 13 (Reuters) - :FCC PLANS RULE CHANGE BEFORE COURT CAN UPEND SINCLAIR BID - BLOOMBERG, CITING SOURCES.FCC CHAIRMAN AJIT PAI POISED TO SCHEDULE JULY 12 VOTE ON ALTERING RULES THAT CAP BROADCASTERS’ REACH AT 39 PERCENT OF NATIONAL AUDIENCE - BLOOMBERG.  Full Article

Tribune Media Company Reports Q4 Earnings Per Share $3.73 From Continuing Operations
Thursday, 1 Mar 2018 

March 1 (Reuters) - Tribune Media Co ::MPANY REPORTS FOURTH QUARTER AND FULL-YEAR 2017 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.81 FROM CONTINUING OPERATIONS.Q4 EARNINGS PER SHARE $3.73 FROM CONTINUING OPERATIONS.Q4 REVENUE FELL 8 PERCENT TO $489 MILLION.TELEVISION AND ENTERTAINMENT NET ADVERTISING REVENUES DECREASED 15% TO $326.2 MILLION FOR Q4.‍AS A RESULT OF TAX REFORM, COMPANY RECORDED A PROVISIONAL DISCRETE NET TAX BENEFIT OF $256 MILLION IN QUARTER​.‍IN LIGHT OF TRANSACTION WITH SINCLAIR, NOT PROVIDING FINANCIAL GUIDANCE FOR FULL YEAR 2018​.  Full Article

UPDATE 1-Nexstar, Tribune must divest some TV stations -U.S. Justice Dept

WASHINGTON, July 31 Nexstar Media Group Inc and Tribune Media Co must divest television stations in 13 markets to resolve antitrust concerns over their proposed $6.4 billion merger, the U.S. Justice Department said on Wednesday.