Tribune Media (TRCO) Tops Q1 EPS by 38c

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Go back to Tribune Media (TRCO) Tops Q1 EPS by 38c

Tribune Media Company Reports First Quarter 2019 Results

May 10, 2019 7:15 AM EDT

NEW YORK, May 10, 2019 /PRNewswire/ -- Tribune Media Company (NYSE: TRCO) (the "Company") today reported its results for the three months ended March 31, 2019.

FIRST QUARTER 2019 FINANCIAL HIGHLIGHTS (compared to first quarter 2018)

Consolidated operating revenues increased 3% to $455.0 million Consolidated operating expenses increased to $400.3 million compared to $256.4 million for the first quarter of 2018 as the prior year period included a net pretax gain on the sales of spectrum of $133 million. Excluding the gain on sales of spectrum, consolidated operating expenses increased 3%, or $10.7 million, primarily due to higher network affiliate... More