Tribune Media (TRCO) Tops Q3 EPS by 14c, Revenues Beat

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Go back to Tribune Media (TRCO) Tops Q3 EPS by 14c, Revenues Beat

Tribune Media Company Reports Third Quarter 2018 Results

November 9, 2018 7:15 AM EST

NEW YORK, Nov. 9, 2018 /PRNewswire/ -- Tribune Media Company (NYSE: TRCO) (the "Company") today reported its results for the three months and nine months ended September 30, 2018.

THIRD QUARTER 2018 FINANCIAL HIGHLIGHTS (compared to third quarter 2017)

Consolidated operating revenues increased 11% to $498.0 million (increased 12% excluding third quarter 2017 barter revenues, which are no longer recognized in 2018) Consolidated operating profit was $37.1 million compared to an operating loss of $29.5 million for the third quarter of 2017 Consolidated Adjusted EBITDA increased 14% to $136.8 million Television and Entertainment advertising revenues increased 11% to $327.2 million Core advertising... More