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Tribune Media Co (TRCO.N)

TRCO.N on New York Stock Exchange

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18 Apr 2019
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Latest Key Developments (Source: Significant Developments)

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

Sinclair Reports Q4 Earnings Per Share $4.32
Wednesday, 28 Feb 2018 

Feb 28 (Reuters) - Sinclair Broadcast Group Inc ::SINCLAIR REPORTS FOURTH QUARTER AND FULL YEAR 2017 FINANCIAL RESULTS.Q4 EARNINGS PER SHARE $4.32.Q4 REVENUE FELL 8 PERCENT TO $734 MILLION.‍PENDING ACQUISITION OF TRIBUNE IS NOT REFLECTED IN COMPANY'S GUIDANCE​.SINCLAIR BROADCAST - ‍CONTINUE TO WORK WITH GOVERNMENTAL AGENCIES TOWARDS SUCCESSFUL ACQUISITION OF TRIBUNE MEDIA , EXPECTED TO CLOSE IN Q2 OF 2018​.SEES Q1 2018 ‍MEDIA REVENUES ARE EXPECTED TO BE APPROXIMATELY $638 MILLION TO $644 MILLION​.QTRLY ‍NET INCOME INCLUDED A $272 MILLION NON-RECURRING TAX BENEFIT​.SINCLAIR BROADCAST - ‍Q1 2018 OFF TO SLOWER THAN EXPECTED START DUE TO LOW PERCENT OF NBC AFFILIATES WHICH IS NETWORK THAT AIRED SUPER BOWL,OLYMPICS​.QTRLY ‍NET INCOME INCLUDED A $225 MILLION GAIN RECOGNIZED FOR VACATING SPECTRUM IN CERTAIN MARKETS​.SINCLAIR BROADCAST - ‍LOOKING FORWARD TO GROWTH DRIVERS FROM UPCOMING MID-TERM ELECTIONS, POSITIVE EFFECTS FROM TAX REFORM, A GROWING ECONOMY​.‍GAIN OF APPROXIMATELY $83 MILLION IS EXPECTED TO BE RECOGNIZED RELATED TO SALE OF SPECTRUM IN MILWAUKEE IN Q1​.SEES ‍Q1 2018 APPROXIMATELY $8 MILLION IN POLITICAL REVENUES AS COMPARED TO $2 MILLION IN Q1 OF 2017​.‍2018 MEDIA EXPENSES, INCLUDING TRADE EXPENSE, ARE EXPECTED TO BE APPROXIMATELY $1,813 MILLION TO $1,817 MILLION​.‍2018 TOTAL CAPEX IS EXPECTED TO BE APPROXIMATELY $179 MILLION TO $189 MILLION​.‍TOTAL CAPITAL EXPENDITURES ARE EXPECTED TO BE APPROXIMATELY $42 MILLION FOR Q1 2018​.  Full Article

Tribune says Ross Levinsohn Notified Of His Decision To Resume Position On Board‍​
Friday, 16 Feb 2018 

Feb 16 (Reuters) - Tribune Media Co ::TRIBUNE MEDIA CO - ON FEBRUARY 15, ROSS LEVINSOHN NOTIFIED TRIBUNE MEDIA OF HIS DECISION TO RESUME ACTIVITIES AND HIS POSITION ON THE CO'S BOARD‍​.TRIBUNE MEDIA CO - LEVINSOHN WAS ALSO RE-APPOINTED TO AUDIT COMMITTEE AND NOMINATING AND CORPORATE GOVERNANCE COMMITTEE OF BOARD.TRIBUNE MEDIA SAYS ON FEB 15, LAURA WALKER NOTIFIED DECIDED TO RESIGN FROM AUDIT COMMITTEE OF BOARD - SEC FILING.  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

Deals of the day-Mergers and acquisitions

March 20 The following bids, mergers, acquisitions and disposals were reported by 2010 GMT on Wednesday: