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Tribune Publishing Company (TPCO)

May 25, 2021 - TPCO was delisted (reason: acquired by Alden Global Capital)
17.26 0.07 (0.41%)
May 24, 2021 4:00 PM EDT - Market open
Market Cap636.45M
Revenue (ttm)703.32M
Net Income (ttm)33.36M
Shares Out36.69M
EPS (ttm)1.62
PE Ratio10.65
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume-
Open-
Previous Close17.19
Day's Range17.26 - 17.26
52-Week Range0.00 - 17.26
Beta1.28
AnalystsStrong Buy
Price Target20.00 (+15.9%)
Est. Earnings DateAug 4, 2021

About TPCO

Tribune Publishing Company, a media company, publishes newspapers worldwide. It publishes daily newspapers, weekly newspapers, and niche publications and direct mail. The company also provides various digital marketing services, which include the development of mobile websites, search engine marketing and optimization, social media account management, and content marketing for its customers' web presence for small to medium size businesses. In addition, it operates Tribune Content Agency, a syndication and licensing business that provides conte...

IndustryMedia
Founded2013
CEOTerry Jimenez
Employees2,865
Stock ExchangeNASDAQ
Ticker SymbolTPCO
Full Company Profile

Financial Performance

In 2020, TPCO's revenue was $746.25 million, a decrease of -21.10% compared to the previous year's $945.78 million. Losses were -$39.01 million, 669.6% more than in 2019.

Financial Statements

Analyst Forecast

According to one analyst, the rating for TPCO stock is "Strong Buy" and the 12-month stock price forecast is 20.00.

Price Target
$20.00
(15.87% upside)
Analyst Consensus: Strong Buy

News

Tribune shareholders approve sale of newspapers to Alden

A deal to sell the newspapers of Tribune Publishing has been approved by the company's shareholders.

4 months ago - Fox Business

Battle For Tribune Publishing Ends In A Whimper For Hedge Fund Alden Global

Tribune Publishing shareholders today approved its $630 million sale to Alden Global Capital, a New York-based hedge fund with a controversial track record for slashing newsroom budgets that worries jou...

5 months ago - Forbes

Tribune Publishing Stockholders Approve Proposed Merger with Alden Global Capital

CHICAGO, May 21, 2021 /PRNewswire/ -- Tribune Publishing Company (NASDAQ:TPCO) ("Tribune" or the "Company") today announced that its stockholders voted to approve the definitive merger agreement with af...

5 months ago - PRNewsWire

US hedge fund wins deal for Tribune Publishing newspaper chain

A hedge fund won approval Friday after a bitter campaign to acquire Tribune Publishing to create the second-largest US newspaper chain, in the latest consolidation in the battered sector.

5 months ago - TechXplore

NY Daily News parent Tribune approves takeover by Alden Global

Shareholders of Tribune Publishing, parent company of the New York Daily News and one of the country's largest newspaper chains, on Friday approved a takeover by hedge fund Alden Global Capital.

5 months ago - New York Post

Hedge Fund Buys Tribune Publishing Company For $633M

Shareholders in Tribune Publishing Company (NASDAQ: TPCO) has accepted a $633 million acquisition proposal from the hedge fund Alden Global Capital. What Happened: Tribune Publishing has media operation...

5 months ago - Benzinga

Opposition to Alden takeover of Tribune heats up ahead of vote

Opposition to hedge fund takeover of Tribune Publishing is bubbling up ahead of next week's deal vote, including three legal fights, plans for multi-city rallies and written pleas for new buyers. “Pleas...

5 months ago - New York Post

Tribune Publishing Company Reports First Quarter 2021 Results

Digital content revenues increased 66% year-over-year Exceeded previous guidance for First Quarter Revenue and Adjusted EBITDA

5 months ago - GlobeNewsWire

Tribune says Swiss billionaire Wyss walks away from buyout bid

(Reuters) -Tribune Publishing Co said on Monday Swiss billionaire Hansjoerg Wyss had decided to leave a group that had made a $680 million approach for the owner of the Chicago Tribune and the New York ...

6 months ago - Reuters

Tribune Publishing Special Committee Determines April 1 Proposal From Stewart Bainum and Hansjörg Wyss No Longer Reas...

CHICAGO, April 19, 2021 /PRNewswire/ -- Tribune Publishing Company (NASDAQ:TPCO) ("Tribune" or the "Company") today confirmed receipt of a letter dated April 17, 2021, from Stewart Bainum ("Mr. Bainum")...

6 months ago - PRNewsWire

Hotel exec seeks new financing for Tribune after partner drops bid

A Maryland hotel executive is trying to assemble new financing for a $680 million offer to buy Tribune Publishing after his partner, a Swiss billionaire, pulled out of the bidding for the newspaper chai...

6 months ago - New York Post

Swiss billionaire Wyss decides to drop out of bid for Tribune - Bloomberg, NYT

Swiss billionaire Hansjoerg Wyss has decided to drop out of a group that was bidding for Tribune Publishing Co, the New York Times and Bloomberg News reported on Saturday.

6 months ago - Reuters

Due diligence underway for all of Tribune, as Hartford group forms to buy Courant

As the bidding war for Tribune Publishing heats up, groups of investors are quietly forming allegiances on the sidelines in hopes of snagging newspaper assets expected to be sold off in the process. The...

6 months ago - New York Post

What To Know About Tribune Publishing's New $680M Acquisition Bid

Tribune Publishing Company (NASDAQ: TPCO) has acknowledged the receipt of a $680 million acquisition proposal from Newslight LLC, a joint venture owned by Stewart W. Bainum Jr., chairman of Choice Hotel...

6 months ago - Benzinga

Tribune Publishing Special Committee Determines Revised, Non-Binding Proposal From Stewart Bainum and Hansjörg Wyss W...

CHICAGO, April 5, 2021 /PRNewswire/ -- Tribune Publishing Company (NASDAQ:TPCO) ("Tribune" or the "Company") today announced that the special committee of its Board of Directors, in consultation with it...

6 months ago - PRNewsWire

Tribune Publishing, owner of NY Daily News, backs Alden Global's bid despite higher offer

Tribune Publishing's board has decided to stick with a buyout bid from its largest shareholder, Alden Global, despite getting a higher offer from hotel tycoon Stewart Bainum after the hedge fund said it...

6 months ago - New York Post

Hotel Exec Stewart W. Bainum Jr. Seeks To Buy Tribune Publishing

A deal that would have resulted in a $630 million sale of Tribune Publishing Company (NASDAQ: TPCO) has reportedly hit a snag as a new prospective buyer has made his interest known in the company. What ...

7 months ago - Benzinga

Tribune Publishing Reports Fourth Quarter and Full-Year 2020 Results

Digital content revenues increased 57.0% year-over-year Net increase in cash of $36.7 million

7 months ago - GlobeNewsWire

INVESTIGATION ALERT: Halper Sadeh LLP Investigates TPCO, MGLN, WDR, TCF; Shareholders Are Encouraged to Contact the Firm

NEW YORK, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Halper Sadeh LLP, a global investor rights law firm, continues to investigate the following companies:

Other symbols:MGLNWDR
7 months ago - GlobeNewsWire

SHAREHOLDER ALERT: WeissLaw LLP Reminds TPCO, ENBL, EGOV and GRNV Shareholders About Its Ongoing Investigations

NEW YORK, Feb. 24, 2021 /PRNewswire/ -- If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights or...

Other symbols:ENBL
7 months ago - PRNewsWire

INVESTIGATION ALERT: Halper Sadeh LLP Investigates the Following Companies on Behalf of Shareholders - TPCO, CEI, MGL...

NEW YORK, Feb. 20, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Tribune Publishing Company (NASDAQ: TPCO) concerning p...

8 months ago - PRNewsWire

SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Tribune Publishing Company - TPCO

NEW YORK, Feb. 19, 2021 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018 and 2019 ISS Securities Class Act...

8 months ago - PRNewsWire

Tribune Publishing (TPCO) Looks Good: Stock Adds 6.6% in Session

Tribune Publishing (TPCO) saw a big move last session, as its shares jumped nearly 7% on the day, amid huge volumes.

8 months ago - Zacks Investment Research

TPCO ALERT – Shareholder Rights Firm Labaton Sucharow is Investigating Tribune Publishing Company (NASDAQ: TPCO) for ...

NEW YORK--(BUSINESS WIRE)--Labaton Sucharow, a nationally ranked and award winning shareholder rights firm, is investigating potential securities violations and breach of fiduciary duty claims against n...

8 months ago - Business Wire

TRIBUNE (TPCO) SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Tribune Publishing Co. Following Announc...

PHILADELPHIA, Feb. 17, 2021 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating Tribune Publishing Company (NASDAQ: TPCO) (“Tribune” or the “Company”) on behalf of the Company's curre...

8 months ago - GlobeNewsWire