Media General (MEG) Issues FY15 Outlook
Media General (NYSE: MEG) is providing certain guidance for the full-year 2015.
The Company’s current outlook for revenues, expenses and cash flow items for the full-year 2015, excluding special items, are anticipated to be in the following ranges:
$ millions | Full-Year 2015 | ||
| Net broadcast revenues | $1,137 to $1,151 | ||
| Net digital revenues | $170 to $177 | ||
| Total net revenues | $1,307 to $1,328 | ||
| Direct operating and selling, general and administrative expenses | $870 to $875 | ||
| Amortization of program rights | $48 to $50 | ||
| Cash payments for programming | $44 to $47 | ||
| Cash corporate & other expenses, including gain on relocation of spectrum | $29 to $30 | ||
| Corporate non-cash share-based compensation expense | $12 to $15 | ||
| Depreciation and amortization of intangibles | $161 to $164 | ||
| Cash capital expenditures | $55 | ||
| Cash interest expense | $112 to $114 | ||
| Principal amortization of term loans and finance lease obligations | $137 to $140 | ||
| Cash taxes | $6 | ||
The Company advises that all of the information and factors set forth above are subject to risks, uncertainties and assumptions (see “Forward-Looking Statements” below), which could individually or collectively cause actual results to differ materially from those projected above.