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Tribune Publishing Company (TPCO)
Behind The Curtain Of The Company's Surprisingly Good 2019 Guidance.
- Q4 surprises on the upside from previously lowered expectations. While revenues were a little softer than expected at $283.5 million versus our $286.6 million estimate, adjusted EBITDA was better, $46.5 million versus our $40.3 million estimate.
- Encouraging print ad trends. The company indicated that print ad trends reflected significant sequential improvement from down 18% in Q3 to a more moderate down 12% in Q4. The company anticipates that print ad trends should show moderate as it has largely cycl...
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