Tribune Media (TRCO) Misses Q2 EPS by 5c
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Tribune Media Company Reports Second Quarter 2017 Results
August 9, 2017 7:15 AM EDTNEW YORK, Aug. 9, 2017 /PRNewswire/ -- Tribune Media Company (the "Company") (NYSE: TRCO) today reported its results for the three months and six months ended June 30, 2017.
SECOND QUARTER 2017 FINANCIAL HIGHLIGHTS (compared to second quarter 2016)
Consolidated operating revenues fell 2% to $469.5 million; excluding political advertising and real estate revenues, consolidated operating revenues increased 2% Strategic shift at WGN America to a higher return original programming strategy resulted in $20 million of additional expense for cancellation costs, accelerated amortization of license fees and the write-off of certain other capitalized program development... More