Tribune Media Company, through its subsidiaries, operates as a media and entertainment company in the United States. The company operates through two segments, Television and Entertainment, and Digital and Data. The Television and Entertainment segment provides news, entertainment, and sports programming through Tribune Broadcasting local television stations, including FOX television affiliates, CW television affiliates, CBS television affiliates, ABC television affiliates, NBC television affiliates, and independent television stations; and television series and movies on WGN America, a national general entertainment network. This segment also operates Antenna TV and THIS TV, a digital multi...
435 North Michigan Avenue
Chicago, IL 60611
Founded in 1847
Kenneth Liang Announces Not to Stand for Re-Election as Class II Director of Tribune Media Company
Mar 19 15
On March 13, 2015, Kenneth Liang, a member of the Board of Directors of Tribune Media Company, notified the company of his decision not to stand for re-election as a Class II director when his current term expires at the company's 2015 Annual Meeting of Stockholders to be held on May 20, 2015. Mr. Liang is currently a member of the Compensation Committee of the Board.
Tribune Company Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 28, 2014; Provides Earnings Guidance for the Full Year 2015
Mar 6 15
Tribune Company announced unaudited consolidated earnings results for the fourth quarter and year ended December 28, 2014. For the quarter, the company reported total operating revenue of $553,420,000 against $299,561,000 a year ago. Operating profit was $163,444,000 against $43,431,000 a year ago. Income from continuing operations before income taxes was $530,774,000 against $58,709,000 a year ago. Net income was $314,676,000 or $3.14 per diluted share against $67,114,000 or $0.67 per diluted share a year ago. Adjusted EBITDA was $211,005,000 against $95,286,000 a year ago. Income from continuing operations $314,676,000 or $3.14 per diluted share against $33,260,000 or $0.33 per diluted share a year ago.
For the year, the company reported total operating revenue of $1,949,359,000 against $1,147,240,000 a year ago. Operating profit was $301,182,000 against $199,040,000 a year ago. Income from continuing operations before income taxes was $741,810,000 against $258,907,000 a year ago. Net income was $476,663,000 or $4.75 per diluted share against $241,555,000 or $2.41 per diluted share a year ago. Net cash provided by operating activities was $378,455,000 against $359,571,000 a year ago. Capital expenditures were $89,438,000 against $70,869,000 a year ago. Adjusted EBITDA was $607,783,000 against $348,919,000 a year ago. Income from continuing operations $463,111,000 or $4.63 per diluted share against $162,942,000 or $1.63 per diluted share a year ago. These results came in above the company's full year guidance, primarily as a result of core advertising revenues coming in better than expected.
For the full year 2015 the company expects net revenues to be in range of $2.00 billion to $2.03 billion and Adjusted EBITDA to be in range of $480 million to $495 million. The company will continue to generate strong operating cash flows as the company proceed through 2015. The company to generate a free cash flow of approximately 50% of that consolidated adjusted EBITDA plus the company's free cash flow from equity investments.
Tribune Media Company Declares Special Cash Dividend, Payable on April 9, 2015; to Pay Regular Quarterly Cash Dividend
Mar 6 15
On March 5, the board of directors of Tribune Media Company authorized and declared a special cash dividend of $6.73 per share on the company's class A common stock and class B common stock. The dividend is payable on April 9, 2015 to stockholders of record at the close of business on March 25, 2015.
The company announced that intends to begin payments of regular quarterly cash dividends of $0.25 per share commencing in the second fiscal quarter of 2015. Such future dividend payments are subject to the discretion of the board of directors taking into account future earnings, cash flows, financial requirements, and other factors.