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Tribune Media Co (TRCO.N)

TRCO.N on New York Stock Exchange

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16 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Tribune Media Company Announces Secondary Offering Of Class A Common Stock
Thursday, 30 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​
Friday, 17 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

Tribune media company reports Q3 EPS of $0.31
Thursday, 9 Nov 2017 

Nov 8 (Reuters) - Tribune Media Co :Tribune media company reports third quarter 2017 results.Q3 adjusted earnings per share $0.31.Q3 loss per share $0.21 from continuing operations.q3 revenue $450.5 million versus I/B/E/S view $461.1 million.Q3 earnings per share view $0.37 -- Thomson Reuters I/B/E/S.Operating results in quarter negatively impacted by higher program impairment charges at WGN America​.In light of previously announced transaction with Sinclair, co is not providing financial guidance for full year 2017​.  Full Article

Sinclair Broadcast Group Q3 earnings per share $0.30
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Sinclair Broadcast Group Inc ::Sinclair reports year-to-date growth; reports third quarter 2017 financial results.Sees Q4 barter and trade revenue about $33 million.Q3 earnings per share $0.30.Q3 revenue $670.9 million versus I/B/E/S view $671.7 million.Q3 earnings per share view $0.39 -- Thomson Reuters I/B/E/S.Says ‍expects deal with Tribune will close in early 2018.Sees Q4 routine capital expenditures of about $29 million, with another $11 million of capex related to Spectrum Repack​.Says qtrly revenue included $3.1 million impact of hurricane season and other one-time adjustments​.  Full Article

Tribune Media says Bruce Karsh to step down from board
Wednesday, 1 Nov 2017 

Oct 31 (Reuters) - Tribune Media Co :Bruce Karsh stepping down from Tribune Media Company board of directors.Tribune Media Co - ‍in light of pending Sinclair deal, co decided not to name a new chairman and will not be naming a new member to board at this time​.  Full Article

Tribune Media stockholders approve Sinclair Merger
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Tribune Media Co ::Tribune Media Company stockholders approve Sinclair Merger.Tribune media - ‍more than 99 percent of votes cast by co's Class A stockholders and Class B stockholders voted to approve merger with Sinclair Broadcast.  Full Article

Sinclair may sell TV stations for up to $1 bln to satisfy FCC - Bloomberg
Tuesday, 17 Oct 2017 

Oct 17 (Reuters) - :Sinclair may sell TV stations for up to $1 billion to satisfy FCC - Bloomberg, citing sources.  Full Article

Starboard Value reports 4.4 pct stake in Tribune Media as of March 13
Thursday, 16 Mar 2017 

Tribune Media Co :Starboard value lp reports 4.4 percent stake in tribune media co as of march 13 versus 6.6 percent stake as of february 10 - sec filing.  Full Article

Tribune Media closes major real estate sales
Wednesday, 28 Sep 2016 

Tribune Media Co : Tribune Media Company closes major real estate sales . Closed sale of its Tribune Tower, Los Angeles Times Square and Olympic Plant properties this week . Company sells three marquee properties for $430 million; total consideration could reach $475 million . For full-year 2016, company expects a reduction in rental revenues of $11 million and lower operating expenses of $5 million .Expects that three properties sold this week will generate approximately $330 million of net cash proceeds.  Full Article

BRIEF-Tronc To Sell The Los Angeles Times And The San Diego Union-Tribune For $500 Mln

* TRONC, INC. ANNOUNCES SALE OF THE LOS ANGELES TIMES AND THE SAN DIEGO UNION-TRIBUNE TO DR. PATRICK SOON-SHIONG FOR $500 MILLION PLUS THE ASSUMPTION OF $90 MILLION IN PENSION LIABILITIES