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TRCO

Use TRNC

$33.69

0.49 (1.48%)

06:34
08/09/18
08/09
06:34
08/09/18
06:34

Tribune Media CEO says 'extremely pleased' with Q2 results

CEO Peter Kern said: "Notwithstanding our disappointment regarding the outcome of the transaction, we are extremely pleased with our second quarter results, which were very strong. Consolidated Adjusted EBITDA grew 69% versus the prior year period and 84% for the first half of the year. While net core advertising revenues declined 6% and were under pressure broadly, we were able to drive consolidated revenue growth of 6% when excluding the impact of barter revenues, with solid growth in retransmission and carriage fees revenues and political advertising revenue. In addition, our disciplined focus on cost management drove programming expenses down 29% and Corporate and Other cash expenses, excluding transaction costs, down 19% over the prior year period."

  • 09

    Aug

TRCO Use TRNC
$33.69

0.49 (1.48%)

07/19/18
SPHN
07/19/18
DOWNGRADE
Target $37
SPHN
Equal Weight
Tribune Media downgraded to Equal Weight from Overweight at Stephens
Stephens analyst Kyle Evans downgraded Tribune Media (TRCO) to Equal Weight from Overweight after the FCC announced last night that it has adopt a Hearing Designation Order for the Sinclair Broadcast (SBGI) deal. He had hoped the revised divestiture plan would eliminate the need for an HDO, but now that it has been adopted he is more worried that there could be character issues standing in the way of the deal being closed. Evans lowered his price target on Tribune shares to $37 from $41.
07/27/18
WELS
07/27/18
NO CHANGE
WELS
DOJ broadcast investigation unlikely to be material, says Wells Fargo
Wells Fargo analyst Marci Ryvicker says her conversions with industry contacts indicate the Department of Justice investigation into various television groups for alleged ad-rate collusion is unlikely to be material. The investigation likely stemmed from the DOJ's review of the Sinclair Broadcast (SBGI), Tribune Media merger, Ryvicker tells investors in a research note. She believes high levels of conversations about business likely drove the investigation and that it will be tough to prove that this lead to price fixing.
07/27/18
SPHN
07/27/18
NO CHANGE
SPHN
Reported DOJ investigation likely to pressure broadcaster stocks, says Stephens
After The Wall Street Journal reported yesterday that the Department of Justice is investigating whether TV station owners violated antitrust law in ways that inflated local ad prices, Stephens analyst Kyle Evans said that the negative news is likely to further pressure a group that he sees being "hard to own in any quarter." Evans added that, in his view, any miss within the group seems to drag them all down. Publicly traded broadcasters include Sinclair (SBGI), Tribune Media (TRCO), Gray Television (GTN), Nexstar (NXST) and Tegna (TGNA).
07/31/18
EVER
07/31/18
INITIATION
Target $40
EVER
Outperform
Tribune Media initiated with an Outperform at Evercore ISI
Evercore ISI analyst David Joyce initiated Tribune Media with an Outperform and $40 price target.

TODAY'S FREE FLY STORIES

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AMRS

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$6.05

0.19 (3.24%)

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AAPL

Apple

$193.31

-0.845 (-0.44%)

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XLK

Technology Select Sector SPDR

$67.49

0.08 (0.12%)

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QRVO

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Apple

$192.80

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AAPL

Apple

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TEUM

Pareteum

$1.87

-0.26 (-12.21%)

, IPAS

iPass

$1.14

(0.00%)

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TEUM

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$1.87

-0.26 (-12.21%)

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iPass

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CF

CF Industries

$50.26

-1.03 (-2.01%)

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CF Industries put volume heavy and directionally bearish »

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LVS

Las Vegas Sands

$51.96

0.995 (1.95%)

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Las Vegas Sands call volume above normal and directionally bullish »

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Treasury Action: yields remained remained lower »

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VOYA

Voya Financial

$45.49

0.905 (2.03%)

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$NSD

NASDAQ Market Internals

$0.00

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BLDP

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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APTI

Apptio

$37.76

0.12 (0.32%)

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BAIRY

British Airways

$0.00

(0.00%)

, ICAGY

IAG

$0.00

(0.00%)

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BAIRY

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$0.00

(0.00%)

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$0.00

(0.00%)

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SBGI

Sinclair Broadcast

$31.45

0.17 (0.54%)

, TRCO

Tribune Media

$38.90

-0.455 (-1.16%)

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Hot Stocks
DOJ confirms settlement with Sinclair, Tribune, Meredith, others »

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SBGI

Sinclair Broadcast

$31.45

0.17 (0.54%)

TRCO

Tribune Media

$38.90

-0.455 (-1.16%)

MDP

Meredith

$57.04

(0.00%)

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OAS

Oasis Petroleum

$8.43

-0.33 (-3.77%)

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Options
Oasis Petroleum call volume above normal and directionally bullish »

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VET

Vermilion Energy

$23.53

-0.01 (-0.04%)

14:02
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Upgrade
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