Tribune Media Company (TRCO) Reports In-Line Q1 EPS
Tribune Media Company (NYSE: TRCO) reported Q1 EPS of $0.37, in-line with the analyst estimate of $0.37. Revenue for the quarter came in at $472.7 million versus the consensus estimate of $474.9 million.
Tribune Media Company sees FY2015 revenue of $2.00-2.03 billion, versus the consensus of $2.00 billion.
Other FY15 guidance:
Consolidated
- Adjusted EBITDA: $480 million to $495 million
Television and Entertainment Segment
- Total Net Revenues: $1.75 billion to $1.77 billion
- Core Advertising (local and national advertising revenues): Low to mid-single digit increases over 2014
- Retransmission Consent Fees: $275 million to $277 million
- Cable Network Carriage Fees: $85 million to $87 million
- WGN America / Tribune Studios Programming Expenses: approximately $(144) million
- Adjusted EBITDA: $500 million to $515 million
Digital and Data Segment
- Net Revenues: $200 million to $205 million
- Adjusted EBITDA: $46 million to $48 million
Corporate and Other
- Real Estate Revenues: approximately $50 million
- Real Estate Expenses: approximately $(30) million
- Corporate Expenses, excluding stock-based comp: $(86) million to $(88) million
- Adjusted EBITDA: $(66) million to $(68) million
Key Cash Flow Metrics
- Capital Expenditures: Total of $100 million, including approximately $50 million of non-recurring capital expenditures
- Cash Taxes(1): $135 million to $140 million
- Cash Interest: approximately $140 million
- Depreciation & Amortization: approximately $260 million
- Stock-based Compensation: approximately $35 million
For earnings history and earnings-related data on Tribune Media Company (TRCO) click here.
