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Tribune Media | Tribune Media Company Reports First Quarter 2019 Results

10 Might Tribune Media Company Reports First Quarter 2019 Results

NEW YORK, Might 10, 2019 – Tribune Media Company (NYSE: TRCO) (the “Company”) in the present day 2019

FIRST QUARTER 2019 FINANCIAL HIGHLIGHTS

  • Consolidated working revenues elevated three% to $ 455.zero million
  • Consolidated working expenses elevated to $ 400.three million compared to $ 256.four million for the primary quarter of 2018 Pretax achieve on the gross sales of Spectrum of $ 133 million. Consolidated working revenue increased by three%, or $ 10.7 million, to $ 54.7 million to $ 187.3 million because of the absence
  • Core promoting revenues
  • Core promoting revenues
  • Core promoting revenues
  • Core promoting revenues
  • Retransmission and carriage charge revenues increased 9% to $ 247.7
  • Retransmission and carriage payment revenues increased by 1% to $ 247.7 million
  • % to $ 174 million
  • Money distributions from TV Food Community have been $ 153.1 million
  • Closed on the sale of the Company 5% ownership of the Chicago Cubs Major League Baseball franchise

t , ”Stated Peter Kern, Tribune Media's chief government officer. “Core promoting continues to be secure, growing year-on-year to Q1 2018, Excluding the achieve on the sales of Spectrum in 2018, first quarter of 2009 Importantly, all different costs are associated to the costs incurred. TV Food Community continues to deliver robust efficiency, delivering strong money distributions and fairness outcomes for us.

Devoted TV stations and filed with the Federal Communications Fee.

FIRST QUARTER RESULTS

Consolidated

$ 455.0 million compared to $ 443.6 million, representing a rise of $ 11.four million, or 3%.

Consolidated working profit was $ 54.7 million for the primary quarter of 2019, representing a decrease of $ 132.6 million.

Internet revenue attributable to the Tribune Media Company was $ 113.2 million within the first quarter of 2019

$ 1.27 in comparison with $ 1.60 for the primary quarter of 2018 Adjusted diluted earnings per share ("Adjusted EPS") for each diluted earnings per widespread share and adjusted EPS embrace a $ 2 million revenue tax charge, or $ 0.03 per widespread share, within the first quarter of 2018; tax changes.

Consolidated Adjusted EBITDA to $ 112.5 million, representing a decrease of $ 7.5 million, or 6%. The Fall Broadcasting Company in the Third Quarter of 2018, partially offset by greater third-quarter of 2018, partially offset by larger rates.

Revenue on equity investments, internet elevated $ 6.5 million, or 17%, within the three months ended March 31, 2019.

Cash Distributions from TV Food Network in the first quarter of 2019 The Company acknowledged the equity revenue from the TV Food Network of

$ 46.5 million and $ 39.four million. have been $ 153.1 million compared to $ 115.1 million in 2018 Cuts and Jobs Act enacted in late 2017

Television and Entertainment

Revenues have been $ 453.4 million within the first quarter of 2019, or a rise of $ 12.7 million, or three%.

Television and Leisure Working revenue was $ 79.9 million, down from $ 131.9 million. The Premiere Good points from the Premiere Positive aspects from the Premiere Positive aspects of $ 133 million as well as a $ 6.7 million in depreciation expense as at 31 December 2018

Tv and Leisure Adjusted EBITDA was $ 126.eight million, or a $ eight.45 million, or 6%, or $ 6.9 million, or 6%;

Broadcast Cash Flo

Tv and Leisure Broadcast Cash Flo

Corporate and Other

Actual property revenues for the primary quarter

Actual property revenues for the first quarter of 2019 have been $ 1.6 million to $ 2.9 million, representing a lower of $ 1.4 million,

Company and Other working loss Corporate and Different Adjusted EBITDA for the First Quarter of 2019 t

Quarterly Dividend