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TRCO

Tribune Media

$40.87

0.28 (0.69%)

07:17
08/09/17
08/09
07:17
08/09/17
07:17

Tribune Media CEO says Q2 results 'reflect continued expense management'

"Our financial results for the second quarter reflect our focus on continued expense management and positioning the company for long-term profitable growth," said Peter Kern, Tribune Media's CEO. "We saw strong sequential growth in retransmission revenues during the quarter, which helped offset some softness in core advertising at the national level. While our overall performance was significantly affected by non-recurring expenses and accelerated amortization related to the shift in programming strategy at WGN America, those changes are now behind us, and we expect a much more profitable 2018 with more original hours than the network has ever carried. We continue to aggressively manage expenses across the business; adjusted for the non-recurring costs at WGN America, total consolidated cash expenses were flat despite the continuing increases in network affiliate fees and the increased level of original programming amortization. We also continued monetizing non-core assets, as we sold several real estate properties in the first half of the year, and more recently participated in the sale of CareerBuilder and received a significant portion of our spectrum proceeds. Finally, we remain on track to close our previously announced transaction with Sinclair."

TRCO Tribune Media
$40.87

0.28 (0.69%)

05/08/17
WELS
05/08/17
NO CHANGE
WELS
Outperform
Wells Fargo likes Sinclair's acquisition of Tribune Media
Wells Fargo analyst Marci Ryvicker likes Sinclair Broadcast's acquisition of Tribune Media (TRCO). The deal was done at a "very attractive" multiple and is "clearly accretive" to free cash flow, Ryvicker tells investors in a research note. Applying 40% of free cash flow accretion per share, the analyst arrives at a "fair market value" price for Sinclair of $55 per share. The stock in early trading is up $1.12 to $38.08.
05/12/17
WELS
05/12/17
NO CHANGE
WELS
Sinclair Broadcast 'weakness completely unwarranted,' says Wells Fargo
After Sinclair (SBGI) announced that it had agreed to buy Tribune Media (TRCO) on May 8 and Tribune's stock fell over 5% since then, Wells Fargo calls Tribune's weakness "completely unwarranted." The firm says that the deal is significantly accretive to Sinclair's free cash flow. It adds that Sinclair is outperforming its peers in advertising ,while its leverage could drop to four times by 2018. Wells keeps an Outperform rating on Sinclair.
06/02/17
SPHN
06/02/17
NO CHANGE
SPHN
Overweight
Regulatory uncertainty may cause volatility for Sinclair, Tribune, says Stephens
Stephens analyst Kyle Evans noted that a federal court has temporarily delayed effectiveness of the FCC's decision to reinstate the UHF discount, which he said is critical for Sinclair Broadcast's (SBGI) deal to acquire Tribune Media (TRCO). The deal could be jeopardized if the court permanently blocked the UHF discount and regulatory uncertainty may cause volatility in the stocks, said Evans. The analyst reiterates his Overweight rating and $46 price target on Sinclair shares.
08/08/17
BNCH
08/08/17
NO CHANGE
BNCH
Buy
Fox-ION 'rumors' most likely a negotiating tactic, says Benchmark
Benchmark analyst Daniel Kurnos highlighted a "slew" of "inconsistencies" that make him skeptical of last week's "unsubstantiated rumor published by Bloomberg" regarding Fox (FOXA) potentially forming a JV with ION and pulling all of its affiliate agreements from Sinclair (SBGI), concluding in a note to investors that this was "just another negotiating tactic by the network." Fox's "cozy" agreements with Tribune (TRCO) may get disrupted by Sinclair's acquisition, added Kurnos, who has a Buy rating on Sinclair shares.

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LOW

Lowe's

$75.82

1.97 (2.67%)

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Eaton Vance

$47.16

0.58 (1.25%)

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American Eagle

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EXPR

Express

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T

AT&T

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0.4 (1.06%)

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Time Warner

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REGI

Renewable Energy

$11.20

0.1 (0.90%)

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Renewable Energy CEO: Commerce Dept. move 'victory' for job creation »

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INTC

Intel

$34.65

-0.27 (-0.77%)

18:37
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Former Intel CFO Stacy Smith to retire at the end of January, 2018 »

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COL

Rockwell Collins

$124.29

0.6 (0.49%)

18:36
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18:36
Upgrade
Rockwell Collins rating change at Vertical Research »

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CRM

Salesforce

$92.95

1.19 (1.30%)

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Salesforce CEO says closed large deal with Veterans Administration »

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WWR

Westwater Resources

$1.32

-0.14 (-9.59%)

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Westwater Resources acquires water rights for Columbus Basin Project in Nevada »

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ZTO

ZTO Express

$14.01

0.11 (0.79%)

18:03
08/22/17
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18:03
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18:03
Earnings
Breaking Earnings news story on ZTO Express »

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ZTO

ZTO Express

$14.01

0.11 (0.79%)

18:02
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Earnings
ZTO Express reports Q2 earnings per ADS 15c, consensus 14c »

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URI

United Rentals

$112.44

4.04 (3.73%)

, CMI

Cummins

$153.10

1.04 (0.68%)

17:48
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17:48
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United Rentals acquires power equipment assets from Cummins »

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URI

United Rentals

$112.44

4.04 (3.73%)

CMI

Cummins

$153.10

1.04 (0.68%)

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MXIM

Maxim Integrated

$44.39

0.68 (1.56%)

, LZB

La-Z-Boy

$31.25

0.1 (0.32%)

17:40
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Hot Stocks
On The Fly: After Hours Movers »

HIGHER: Maxim Integrated…

MXIM

Maxim Integrated

$44.39

0.68 (1.56%)

LZB

La-Z-Boy

$31.25

0.1 (0.32%)

CREE

Cree

$23.03

0.46 (2.04%)

VNET

21Vianet

$4.58

0.03 (0.66%)

CRM

Salesforce

$92.95

1.19 (1.30%)

RTNB

root9B Technologies

$2.98

1.72 (136.51%)

RARE

Ultragenyx

$58.85

1.94 (3.41%)

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CRM

Salesforce

$92.95

1.19 (1.30%)

17:40
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Salesforce says sees FY18 margin up 125-150 bps »

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MXIM

Maxim Integrated

$44.39

0.68 (1.56%)

17:34
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Maxim Integrated names Sumeet Gagneja principal accounting officer »

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CTIC

CTI BioPharma

$3.30

0.01 (0.30%)

17:33
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Hot Stocks
CTI BioPharma: Chief Business Officer Matthew Plunkett resigns »

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UNM

Unum Group

$47.84

0.51 (1.08%)

17:32
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Syndicate
Breaking Syndicate news story on Unum Group »

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FTK

Flotek

$5.50

-0.1 (-1.79%)

17:29
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Hot Stocks
Flotek announces conclusion of SEC inquiry »

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CRM

Salesforce

$92.95

1.19 (1.30%)

17:24
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Salesforce says 'had best quarter ever' »

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THO

Thor Industries

$103.90

0.45 (0.43%)

17:17
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Jayco announces expansion of Middlebury campus, will add 300 jobs »

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GOOG

Alphabet

$924.69

18.03 (1.99%)

, GOOGL

Alphabet Class A

$940.40

19.53 (2.12%)

17:14
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Google introduces Chrome Enterprise »

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GOOG

Alphabet

$924.69

18.03 (1.99%)

GOOGL

Alphabet Class A

$940.40

19.53 (2.12%)

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VNET

21Vianet

$4.58

0.03 (0.66%)

17:11
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Earnings
21Vianet reports Q2 EPS (12c), one estimate (11c) »

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RTNB

root9B Technologies

$2.98

1.72 (136.51%)

17:05
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root9B Technologies announces incremental funding, status of foreclosure »

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GPT

Gramercy Property Trust

$29.13

-0.03 (-0.10%)

17:03
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Gramercy Property Trust launches new JV over Class A distribution centers »

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