Tribune Media (TRCO) Misses Q1 EPS by 9c

Tribune Media (NYSE: TRCO) reported Q1 EPS of $0.18, $0.09 worse than the analyst estimate of $0.27. Revenue for the quarter came in at $520.5 million versus the consensus estimate of $500.99 million.

For full year 2016, the Company expects:

Consolidated revenues to be between $2.25 billion and $2.28 billionConsolidated Adjusted EBITDA to be between $615 million and $645 million

Television and Entertainment segment revenues to be between $1.975 billion and $2.000 billionTelevision and Entertainment segment Adjusted EBITDA to be between $640 million and $665 million

Digital and Data segment revenues to be between $225 million and $235 millionDigital and Data segment Adjusted EBITDA to be between $47 million and $50 million

Real estate revenues to be approximately $49 millionReal estate expenses to be approximately $26 millionCorporate expenses to be between $93 million and $95 millionCorporate and Other Adjusted EBITDA to be between $(70) million and $(72) million

Capital expenditures to be approximately $127 million ($63 million of which is non-recurring)Cash taxes to be between $115 million and $125 millionCash interest to be approximately $160 million

For earnings history and earnings-related data on Tribune Media (TRCO) click here.

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