Tribune Media (TRCO) Posts Q2 Loss of 4c/Share
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Tribune Media Company Reports Second Quarter 2015 Results
August 13, 2015 7:15 AM EDTNEW YORK, Aug. 13, 2015 /PRNewswire/ --Â Tribune Media Company (the "Company") (NYSE: TRCO) today reported its results for the three months and six months ended June 30, 2015.
Second Quarter Financial Highlights (each as compared to the three months ended June 29, 2014)
Consolidated operating revenue grew 6% to $501.5 million. Television and Entertainment segment revenue grew 4%, driven by higher advertising revenues and increased carriage and retransmission fees. Consolidated operating profit decreased 39% to $19.8 million. Consolidated Adjusted EBITDA decreased 29%, in large part driven by three factors:... More