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Wednesday November 20, 2019
Tribune Publishing Company (TPCO)
What Does A Change In Its Largest Shareholder Mean?
Tribune Publishing Co is a print and online media company that publishes various newspapers and websites. It creates and distribute content across its media portfolio, offering integrated marketing, media, and business services to consumers and advertisers, including digital solutions and advertising opportunities. The company manages its business as two distinct segments, M and X. Segment M is comprised of the company’s media groups excluding their digital revenues and related digital expenses, except digital subscription revenues when bundled with a print subscription. Segment X includes the company’s digital revenues and related digital expenses from local Tribune websites, third party websites, mobile applications, digital only subscriptions, Tribune Content Agency and BestReviews.
Michael Kupinski, DOR, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- Alden Golden Capital becomes largest shareholder. Alden Golden, a hedge fund management company, purchased over 9.0 million TPCO shares from Merrick Ventures and Michael Ferro, former non-executive chairman of the company, for $13 per share, a 34% premium to the closing price.
- Seeks board seats. Tribune appears to be in discussions with Alden to put two members on the board, increasing the…
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