Movers and SHAKERS
Tribune Publishing Company (TPCO)
Alden Bucks Up
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, Director of Research, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Alden Group increased its offer. The Alden Group agreed to purchase Tribune in an all cash price of $17.25 per share for the remaining shares it does not currently own. The offer is substantially better, over 20% than the original $14.25 per share offer and a price considered to be reasonable.
Board approved. Tribune's board approved the transaction following the recommendation of its special, independent committee. The transaction is expected to close in the second quarter 2021 ...
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*Analyst certification and important disclosures included in the 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.