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Tribune Publishing Company (TPCO)
Why This Quarter Reflects The Quality Of Its Cash Flow
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.
- Beats cash flow expectations. Q3 cash flow (adj. EBITDA) of $24.8 million was better than our $22.1 million estimate, on in line revenues of $236.0 million. Notably, print advertising was stable from previous quarters and its Digital content business revenues were strong, up 50%.
- Q4 and full year guidance largely in line. Management anticipates Q4 revenue in the range of $250 million to $254 million and reiterated cash flow (adj. EBITDA) guidance of $102 million to $106 million. We are moving our ...
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*Analyst certification and important disclosures included in full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.