Tribune Media (TRCO) Declares $0.25 Quarterly Dividend; 2.6% Yield

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Go back to Tribune Media (TRCO) Declares $0.25 Quarterly Dividend; 2.6% Yield

Tribune Media Company Reports First Quarter 2016 Results

May 10, 2016 7:15 AM EDT

NEW YORK, May 10, 2016 /PRNewswire/ -- Tribune Media Company (the "Company") (NYSE: TRCO) today reported its results for the three months ended March 31, 2016.

FIRST QUARTER 2016 HIGHLIGHTS (compared to first quarter 2015 unless noted)

Consolidated operating revenues increased 10% to $520.5 million Core advertising revenues increased 2.2% to $291.8 million Net political advertising revenues of $15.3 million increased 169% compared to pro forma1 first quarter 2012 Retransmission consent revenue increased 21% to $83.5 million Carriage fee revenue increased 44% to $31.0 million WGN America primetime ratings2 increased 51%, driven by the success of our two original... More