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
Cablevision Systems Corporation and Tribune Media Company Announces New Content and Media Agreement
Sep 10 15
Cablevision Systems Corporation and Tribune Media Company announced a broad-based multi-year content and media agreement. Specific financial terms were not disclosed. Under the agreement, Cablevision’s Optimum TV customers will continue to receive Tribune Media’s television stations in New York (WPIX-TV), Hartford (WTIC-TV and WCCT-TV), and Philadelphia (WPHL-TV). In addition, Cablevision will launch Tribune Media’s general entertainment cable network, WGN America, to its New York, New Jersey, and Connecticut video customers beginning in January of 2016. Cablevision also renewed its use of TV listings and movie data provided by Gracenote, Tribune Media’s digital data and entertainment company. Gracenote data is used to provide programming information on the Optimum interactive programming guide, DVR recordings and VOD content on set-top boxes and the Optimum app. As part of this agreement, Tribune Media has signed on to Cablevision’s portfolio of audience data and analytics that leverages Cablevision’s first-party, census-level audience tuning data to analyze consumers’ viewing habits and preferences. Tribune Media will have the ability to utilize this anonymized data to inform both programming and advertising sales activity for all of the networks it operates.
Tribune Media Company Presents at Bank of America Merrill Lynch Media, Communications & Entertainment Conference, Sep-10-2015 01:35 PM
Sep 1 15
Tribune Media Company Presents at Bank of America Merrill Lynch Media, Communications & Entertainment Conference, Sep-10-2015 01:35 PM. Venue: Beverly Wilshire Hotel, 9500 Wilshire Blvd., Beverly Hills, CA 90212, United States. Speakers: Peter Liguori, Chief Executive Officer, President and Director.
Tribune Media Company Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year 2015 and 2016
Aug 13 15
Tribune Media Company announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total operating revenue of $501,524,000 against $474,979,000 a year ago. Operating profit was $19,784,000 against $32,193,000 a year ago. Loss from continuing operations before income taxes was $3,958,000 against income from continuing operations before income taxes of $109,387,000 a year ago. Net loss was $3,265,000 or $0.04 per basic and diluted share against net income of $82,922,000 or $0.83 per basic and diluted share a year ago. Loss from continuing operations was $3,265,000 against income from continuing operations was $67,082,000 a year ago. Basic and diluted loss from continuing operations per share was $0.04 against basic and diluted income from continuing operations per share of $0.67 a year ago. Adjusted EBITDA was $92,309,000 against $130,344,000 a year ago.
For the six months, the company reported total operating revenue of $974,261,000 against $921,081,000 a year ago. Operating profit was $80,719,000 against $82,453,000 a year ago. Profit from continuing operations before income taxes was $54,761,000 against $155,503,000 a year ago. Net income was $33,152,000 or $0.34 per basic and diluted share against $123,990,000 or $1.24 per basic and diluted share a year ago. Income from continuing operations was $33,152,000 against $95,549,000 a year ago. Basic and diluted income from continuing operations per share was $0.34 against $0.96 a year ago. Adjusted EBITDA was $221,289,000 against $268,330,000 a year ago. Net cash used in operating activities was $76,378,000 against net cash from operating activities of $270,898,000 a year ago. Capital expenditures were $38,717,000 against $39,597,000 a year ago.
The company provided earnings guidance for the year 2015. For the year, the company expects net revenues of $2.00 billion to $2.03 billion. Adjusted EBITDA is expected to be $480 million to $495 million. Total capital expenditures expected to be $100 million, including approximately $50 million of non-recurring capital expenditures. The company expects cash taxes to be $95 million to $100 million. Cash interest is expected to be approximately $130 million. Depreciation & amortization is expected to be approximately $260 million.
For the year 2016, the company expects consolidated adjusted EBITDA year-over-year growth of greater than 30%.