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.