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Tribune Media Co (TRCO.N)

TRCO.N on New York Stock Exchange

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17 Jul 2018
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Latest Key Developments (Source: Significant Developments)

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
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

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FCC raises concerns about Sinclair-Tribune deal; shares skid

WASHINGTON Federal Communications Commission Chairman Ajit Pai said on Monday he had "serious concerns" about Sinclair Broadcast Group Inc’s proposed $3.9 billion acquisition of Tribune Media Co , a surprise move which could potentially scuttle the deal and sent shares of both companies tumbling.