Tribune Media Company (TRCO) Reports In-Line Q1 EPS

Tribune Media Company (NYSE: TRCO) reported Q1 EPS of $0.37, in-line with the analyst estimate of $0.37. Revenue for the quarter came in at $472.7 million versus the consensus estimate of $474.9 million.

Tribune Media Company sees FY2015 revenue of $2.00-2.03 billion, versus the consensus of $2.00 billion.

Other FY15 guidance:

Consolidated

• Adjusted EBITDA: $480 million to $495 million

Television and Entertainment Segment

• Total Net Revenues: $1.75 billion to $1.77 billion
• Core Advertising (local and national advertising revenues): Low to mid-single digit increases over 2014
• Retransmission Consent Fees: $275 million to $277 million
• Cable Network Carriage Fees: $85 million to $87 million
• WGN America / Tribune Studios Programming Expenses: approximately $(144) million
• Adjusted EBITDA: $500 million to $515 million

Digital and Data Segment

• Net Revenues: $200 million to $205 million
• Adjusted EBITDA: $46 million to $48 million

Corporate and Other

• Real Estate Revenues: approximately $50 million
• Real Estate Expenses: approximately $(30) million
• Corporate Expenses, excluding stock-based comp: $(86) million to $(88) million
• Adjusted EBITDA: $(66) million to $(68) million

Key Cash Flow Metrics

• Capital Expenditures: Total of $100 million, including approximately $50 million of non-recurring capital expenditures
• Cash Taxes(1): $135 million to $140 million
• Cash Interest: approximately $140 million
• Depreciation & Amortization: approximately $260 million
• Stock-based Compensation: approximately $35 million

For earnings history and earnings-related data on Tribune Media Company (TRCO) click here.

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