TRCO

Tribune Media Company

TMT


Presented:09/18/2013
Price:$59.65
Cap:$5.27B
Current Price:no data
Cap:no data

Presented

Date09/18/2013
Price$59.65
Market Cap$5.27B
Ent Value$5.72B
P/E Ratio12.96x
Book Value$53.47
Div YieldN/A
Shares O/S88.27M
Ave Daily Vol530,000
Short IntN/A

Current

Priceno data
Market Capno data
Tribune Company, through its subsidiaries, operates as a media and entertainment company primarily in the United States. The company engages in newspaper publishing, and television and radio broadcasting. It operates through two segments, Publishing and Broadcasting. The Publishing segment publishes eight daily newspapers, including the Los Angeles Times, the Chicago Tribune, the South Florida Sun Sentinel, the Orlando Sentinel, the Baltimore Sun, the Hartford Courant, the Morning Call, and the Daily Press. This segment also distributes preprinted insert advertisements; provides commercial printing and delivery services to other newspapers; distributes entertainment listings and syndicated content; and manages the Websites of Tribune’s daily newspapers and television stations along with other branded products. The Broadcasting segment operates The CW Television Network in New York, Los Angeles, Chicago, Dallas, Washington D.C., Houston, Miami, Denver, St. Louis, Portland, Indianapolis, Hartford, and New Orleans; the FOX Network television in Seattle, Sacramento, San Diego, Indianapolis, Hartford, Grand Rapids, and Harrisburg; an American Broadcasting Company television affiliate in New Orleans; independent television stations in Philadelphia and Seattle; and superstation WGN America distributed by cable, satellite and other similar distribution methods. This segment also operates Antenna TV, a national multicast network; and a radio station in Chicago. The company was founded in 1847 and is based in Chicago, Illinois.

Highlights

The presenter is long shares of Tribune following the company’s announcement that it will split itself into separate broadcasting and publishing units. Shares are undervalued relative to the underlying value of the company’s assets, in the presenter’s estimation, and the company has meaningful operational improvement opportunities ahead of it post-spin.

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