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Thursday, March 5, 2020
Tribune Publishing Company (TPCO)
Crossing The Digital Divide
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 the full report for the price target, fundamental analysis, and rating.
Fourth quarter results in line with expectations. Fourth quarter revenues of $252.3 million were in line with our $252.5 million estimate. Adjusted EBITDA of $30.8 million was within shouting distance of our $31.8 million estimate.
Increasingly, customers are willing to pay for content! We believe that there has been a dynamic shift toward consumers willing to pay for content given a strong 33% increase in…
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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
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