Tribune Media (TRCO) Misses Q3 EPS by 3c; Lowers FY17 Revenue Outlook

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Go back to Tribune Media (TRCO) Misses Q3 EPS by 3c; Lowers FY17 Revenue Outlook

Tribune Media Company Reports Third Quarter 2016 Results

November 9, 2016 7:15 AM EST

NEW YORK, Nov. 9, 2016 /PRNewswire/ -- Tribune Media Company (the "Company") (NYSE: TRCO) today reported its results for the three and nine months ended September 30, 2016.

THIRD QUARTER 2016 FINANCIAL HIGHLIGHTS (compared to third quarter 2015)

Consolidated operating revenues increased 6% to $518.1 million Consolidated operating profit increased 473% to $222.4 million including net pretax gains on the sale of real estate of $213 million and a program impairment charge of $37 million Consolidated Adjusted EBITDA increased 16% to $130.4 million Diluted income per common share was $1.61 compared to $0.29... More