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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Tribune Publishing Company | NASDAQ:TPCO | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 17.26 | 17.24 | 17.26 | 0 | 01:00:00 |
[ X ]
|
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 2019
|
[ ]
|
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
|
Delaware
|
|
38-3919441
|
(State or other jurisdiction
of incorporation or organization)
|
|
(I.R.S. employer
identification no.)
|
|
|
|
160 N. Stetson Avenue
|
|
|
Chicago Illinois
|
|
60601
|
(Address of principal executive offices)
|
|
(Zip code)
|
Large accelerated filer ____
|
|
Accelerated filer
X
|
Non-accelerated filer ____
|
|
Smaller reporting company ____
|
|
|
Emerging growth company ____
|
Title of each class
|
Trading Symbol
|
Name of each exchange on which registered
|
Common Stock, par value $.01 per share
|
TPCO
|
The NASDAQ Stock Market LLC
|
Class
|
|
Outstanding at May 6, 2019
|
Common Stock, $0.01 par value
|
|
35,691,327
|
|
|
TRIBUNE PUBLISHING COMPANY
|
|
|
|
|
FORM 10-Q
|
|
|
|
|
TABLE OF CONTENTS
|
|
|
|
|
|
|
Page
|
|
|
|
|
|
PART I
|
|
|
|
|
|
|
|
|
|
Item 1.
|
|
Financial Statements
(unaudited)
|
|
|
|
|
|
|
|
Item 2.
|
|
|
||
|
|
|
|
|
Item 3.
|
|
|
||
|
|
|
|
|
Item 4.
|
|
|
||
|
|
|
|
|
PART II
|
|
|
||
|
|
|
|
|
Item 1.
|
|
|
||
|
|
|
|
|
Item 1A.
|
|
|
||
|
|
|
|
|
Item 2.
|
|
|
||
|
|
|
|
|
Item 3.
|
|
|
||
|
|
|
|
|
Item 4.
|
|
|
||
|
|
|
|
|
Item 5.
|
|
|
||
|
|
|
|
|
Item 6.
|
|
|
||
|
|
|
|
|
|
|
|
|
|
Three months ended
|
||||||
|
|
March 31, 2019
|
|
April 1, 2018
|
||||
|
|
|
|
|
||||
Operating revenues
|
|
$
|
244,525
|
|
|
$
|
238,366
|
|
Operating expenses:
|
|
|
|
|
||||
Compensation
|
|
97,709
|
|
|
110,765
|
|
||
Newsprint and ink
|
|
16,103
|
|
|
14,598
|
|
||
Outside services
|
|
83,813
|
|
|
98,982
|
|
||
Other operating expenses
|
|
42,218
|
|
|
32,653
|
|
||
Depreciation and amortization
|
|
12,084
|
|
|
12,446
|
|
||
Total operating expenses
|
|
251,927
|
|
|
269,444
|
|
||
Loss from operations
|
|
(7,402
|
)
|
|
(31,078
|
)
|
||
Interest income (expense), net
|
|
220
|
|
|
(6,564
|
)
|
||
Loss on equity investments, net
|
|
(487
|
)
|
|
(729
|
)
|
||
Other income, net
|
|
73
|
|
|
3,663
|
|
||
Loss from continuing operations before income taxes
|
|
(7,596
|
)
|
|
(34,708
|
)
|
||
Income tax benefit
|
|
(2,882
|
)
|
|
(6,637
|
)
|
||
Net loss from continuing operations
|
|
(4,714
|
)
|
|
(28,071
|
)
|
||
Plus: Earnings from discontinued operations, net of taxes
|
|
—
|
|
|
13,706
|
|
||
Net loss
|
|
(4,714
|
)
|
|
(14,365
|
)
|
||
Less: Income (loss) attributable to noncontrolling interest
|
|
(39
|
)
|
|
262
|
|
||
Net loss attributable to Tribune common stockholders
|
|
$
|
(4,675
|
)
|
|
$
|
(14,627
|
)
|
Net loss from continuing operations per common share:
|
|
|
|
|
||||
Basic
|
|
$
|
(0.13
|
)
|
|
$
|
(0.81
|
)
|
Diluted
|
|
$
|
(0.13
|
)
|
|
$
|
(0.81
|
)
|
Net loss attributable to Tribune per common share:
|
|
|
|
|
||||
Basic
|
|
$
|
(0.13
|
)
|
|
$
|
(0.42
|
)
|
Diluted
|
|
$
|
(0.13
|
)
|
|
$
|
(0.42
|
)
|
Weighted average shares outstanding:
|
|
|
|
|
||||
Basic
|
|
35,628
|
|
|
34,801
|
|
||
Diluted
|
|
35,628
|
|
|
34,801
|
|
||
|
|
|
|
|
|
Three months ended
|
||||||
|
March 31, 2019
|
|
April 1, 2018
|
||||
Net loss from continuing operations, including non-controlling interest
|
$
|
(4,714
|
)
|
|
$
|
(14,365
|
)
|
Other comprehensive loss, net of taxes:
|
|
|
|
||||
Amortization of items to periodic pension cost during the period, net of taxes of ($23) and ($915), respectively
|
(59
|
)
|
|
(2,377
|
)
|
||
Foreign currency translation
|
(2
|
)
|
|
—
|
|
||
Other comprehensive loss, net of taxes
|
(61
|
)
|
|
(2,377
|
)
|
||
Comprehensive loss recognized in continuing operations
|
(4,775
|
)
|
|
(16,742
|
)
|
||
Accumulated other comprehensive loss recognized in discontinued operations, net of taxes of $42
|
—
|
|
|
108
|
|
||
Comprehensive loss
|
(4,775
|
)
|
|
(16,634
|
)
|
||
Comprehensive income (loss) attributable to noncontrolling interest
|
(39
|
)
|
|
262
|
|
||
Comprehensive loss attributable to Tribune common stockholders
|
$
|
(4,736
|
)
|
|
$
|
(16,896
|
)
|
|
|
March 31, 2019
|
|
December 30, 2018
|
||||
Assets
|
|
|
|
|
||||
Current assets
|
|
|
|
|
||||
Cash
|
|
$
|
98,206
|
|
|
$
|
97,560
|
|
Accounts receivable, (net of allowances of $13,983 and $11,458)
|
|
111,618
|
|
|
145,463
|
|
||
Inventories
|
|
9,267
|
|
|
9,587
|
|
||
Prepaid expenses and other
|
|
20,605
|
|
|
18,197
|
|
||
Total current assets
|
|
239,696
|
|
|
270,807
|
|
||
|
|
|
|
|
||||
Property, plant and equipment
|
|
|
|
|
||||
Machinery, equipment and furniture
|
|
123,105
|
|
|
124,243
|
|
||
Buildings and leasehold improvements
|
|
78,411
|
|
|
82,399
|
|
||
|
|
201,516
|
|
|
206,642
|
|
||
Accumulated depreciation
|
|
(78,537
|
)
|
|
(74,013
|
)
|
||
|
|
122,979
|
|
|
132,629
|
|
||
Advance payments on property, plant and equipment
|
|
11,107
|
|
|
12,334
|
|
||
Property, plant and equipment, net
|
|
134,086
|
|
|
144,963
|
|
||
|
|
|
|
|
||||
Other assets
|
|
|
|
|
||||
Goodwill
|
|
132,172
|
|
|
132,146
|
|
||
Intangible assets, net
|
|
74,780
|
|
|
77,229
|
|
||
Software, net
|
|
26,168
|
|
|
27,117
|
|
||
Lease right-of-use asset
|
|
112,393
|
|
|
—
|
|
||
Restricted cash
|
|
43,947
|
|
|
43,947
|
|
||
Deferred income taxes
|
|
3,472
|
|
|
2,414
|
|
||
Other long-term assets
|
|
25,613
|
|
|
28,004
|
|
||
Total other assets
|
|
418,545
|
|
|
310,857
|
|
||
|
|
|
|
|
||||
Total assets
|
|
$
|
792,327
|
|
|
$
|
726,627
|
|
|
|
|
|
|
|
|
March 31, 2019
|
|
December 30, 2018
|
||||
Liabilities and stockholders’ equity
|
|
|
|
|
||||
Current liabilities
|
|
|
|
|
||||
Accounts payable
|
|
$
|
53,098
|
|
|
$
|
70,555
|
|
Employee compensation and benefits
|
|
41,895
|
|
|
61,001
|
|
||
Deferred revenue
|
|
49,814
|
|
|
51,114
|
|
||
Current portion of long-term lease liability
|
|
26,393
|
|
|
—
|
|
||
Current portion of long-term debt
|
|
405
|
|
|
405
|
|
||
Other current liabilities
|
|
20,542
|
|
|
21,203
|
|
||
Tax liabilities associated with discontinued operations
|
|
6,249
|
|
|
6,249
|
|
||
Total current liabilities
|
|
198,396
|
|
|
210,527
|
|
||
|
|
|
|
|
||||
Non-current liabilities
|
|
|
|
|
||||
Long-term lease liability
|
|
112,610
|
|
|
—
|
|
||
Workers’ compensation, general liability and auto insurance payable
|
|
25,674
|
|
|
30,606
|
|
||
Pension and postretirement benefits payable
|
|
19,096
|
|
|
20,150
|
|
||
Deferred rent
|
|
—
|
|
|
25,424
|
|
||
Long-term debt
|
|
6,775
|
|
|
6,799
|
|
||
Other obligations
|
|
17,546
|
|
|
20,053
|
|
||
Total non-current liabilities
|
|
181,701
|
|
|
103,032
|
|
||
|
|
|
|
|
||||
Noncontrolling interest
|
|
39,717
|
|
|
39,756
|
|
||
|
|
|
|
|
||||
Stockholders’ equity
|
|
|
|
|
||||
Preferred stock, $.01 par value. Authorized 30,000 shares; no shares issued or outstanding at March 31, 2019 and December 30, 2018
|
|
—
|
|
|
—
|
|
||
Common stock, $.01 par value. Authorized 300,000 shares, 37,618 shares issued and 35,664 shares outstanding at March 31, 2019; 37,551 shares issued and 35,597 shares outstanding at December 30, 2018
|
|
376
|
|
|
376
|
|
||
Additional paid-in capital
|
|
172,392
|
|
|
166,668
|
|
||
Retained earnings
|
|
225,939
|
|
|
232,401
|
|
||
Accumulated other comprehensive income (loss)
|
|
(34
|
)
|
|
27
|
|
||
Treasury stock, at cost - 1,954 shares at March 31, 2019 and 1,954 shares at December 30, 2018
|
|
(26,160
|
)
|
|
(26,160
|
)
|
||
Total stockholders’ equity
|
|
372,513
|
|
|
373,312
|
|
||
|
|
|
|
|
||||
Total liabilities and stockholders’ equity
|
|
$
|
792,327
|
|
|
$
|
726,627
|
|
|
|
Common Stock
|
|
Additional Paid in Capital
|
|
Retained earnings
|
|
AOCI
|
|
Treasury Stock
|
|
Total Equity
|
|||||||||||||||
|
|
Shares
|
|
Amount
|
|
|
|
|
|
||||||||||||||||||
Balance at December 30, 2018
|
|
37,551
|
|
|
$
|
376
|
|
|
$
|
166,668
|
|
|
$
|
232,401
|
|
|
$
|
27
|
|
|
$
|
(26,160
|
)
|
|
$
|
373,312
|
|
Cumulative effect of adoption of leasing standard
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(1,787
|
)
|
|
—
|
|
|
—
|
|
|
(1,787
|
)
|
||||||
Adjusted balance at December 30, 2018
|
|
37,551
|
|
|
376
|
|
|
166,668
|
|
|
230,614
|
|
|
27
|
|
|
(26,160
|
)
|
|
371,525
|
|
||||||
Comprehensive loss attributable to controlling interests
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(4,675
|
)
|
|
(61
|
)
|
|
—
|
|
|
(4,736
|
)
|
||||||
Issuance of stock from restricted stock and restricted stock unit conversions
|
|
67
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
||||||
Stock-based compensation
|
|
—
|
|
|
—
|
|
|
5,737
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
5,737
|
|
||||||
Withholding for taxes on restricted stock unit conversions
|
|
—
|
|
|
—
|
|
|
(13
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(13
|
)
|
||||||
Balance at March 31, 2019
|
|
37,618
|
|
|
$
|
376
|
|
|
$
|
172,392
|
|
|
$
|
225,939
|
|
|
$
|
(34
|
)
|
|
$
|
(26,160
|
)
|
|
$
|
372,513
|
|
|
|
Common Stock
|
|
Additional Paid in Capital
|
|
Accumulated Deficit
|
|
AOCI
|
|
Treasury Stock
|
|
Total Equity
|
|||||||||||||||
|
|
Shares
|
|
Amount
|
|
|
|
|
|
||||||||||||||||||
Balance at December 31, 2017
|
|
37,551
|
|
|
$
|
376
|
|
|
$
|
150,229
|
|
|
$
|
(16,390
|
)
|
|
$
|
(13,527
|
)
|
|
$
|
(51,526
|
)
|
|
$
|
69,162
|
|
Comprehensive loss attributable to controlling interests
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(14,627
|
)
|
|
(2,377
|
)
|
|
—
|
|
|
(17,004
|
)
|
||||||
AOCI recognized in discontinued operations
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
108
|
|
|
—
|
|
|
108
|
|
||||||
Issuance of stock from treasury for acquisition
|
|
—
|
|
|
—
|
|
|
9,229
|
|
|
—
|
|
|
—
|
|
|
25,366
|
|
|
34,595
|
|
||||||
Issuance of stock from restricted stock and restricted stock unit conversions
|
|
122
|
|
|
1
|
|
|
(1
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
||||||
Exercise of stock options
|
|
7
|
|
|
—
|
|
|
133
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
133
|
|
||||||
Stock-based compensation
|
|
—
|
|
|
—
|
|
|
2,447
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
2,447
|
|
||||||
Withholding for taxes on restricted stock unit conversions
|
|
—
|
|
|
—
|
|
|
(943
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(943
|
)
|
||||||
Forfeited restricted stock
|
|
(450
|
)
|
|
(5
|
)
|
|
5
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
||||||
Balance at April 1, 2018
|
|
37,230
|
|
|
$
|
372
|
|
|
$
|
161,099
|
|
|
$
|
(31,017
|
)
|
|
$
|
(15,796
|
)
|
|
$
|
(26,160
|
)
|
|
$
|
88,498
|
|
|
||||||||
|
|
Three Months Ended
|
||||||
|
|
March 31, 2019
|
|
April 1, 2018
|
||||
Operating Activities From Continuing Operations
|
|
|
|
|
||||
Net loss from continuing operations
|
|
$
|
(4,714
|
)
|
|
$
|
(28,071
|
)
|
Adjustments to reconcile net loss to net cash provided by operating activities:
|
|
|
|
|
||||
Depreciation and amortization
|
|
12,084
|
|
|
12,446
|
|
||
Stock compensation expense
|
|
5,737
|
|
|
1,587
|
|
||
Loss on equity investments, net
|
|
487
|
|
|
729
|
|
||
Deferred income taxes
|
|
(1,036
|
)
|
|
4,496
|
|
||
Pension contribution
|
|
(499
|
)
|
|
—
|
|
||
Postretirement medical, life and other benefits
|
|
(637
|
)
|
|
(6,497
|
)
|
||
Changes in working capital items, excluding acquisitions:
|
|
|
|
|
||||
Accounts receivable, net
|
|
35,529
|
|
|
25,743
|
|
||
Prepaid expenses, inventories and other current assets
|
|
(11,226
|
)
|
|
(2,476
|
)
|
||
Accounts payable, employee compensation and benefits, deferred revenue and other current liabilities
|
|
(29,738
|
)
|
|
10,172
|
|
||
Other, net
|
|
(1,243
|
)
|
|
(1,634
|
)
|
||
Net cash provided by operating activities
|
|
4,744
|
|
|
16,495
|
|
||
|
|
|
|
|
||||
Investing Activities From Continuing Operations
|
|
|
|
|
||||
Capital expenditures
|
|
(3,911
|
)
|
|
(7,028
|
)
|
||
Acquisition of business, net of cash acquired
|
|
—
|
|
|
(33,949
|
)
|
||
Other, net
|
|
(150
|
)
|
|
(1,087
|
)
|
||
Net cash used for investing activities
|
|
(4,061
|
)
|
|
(42,064
|
)
|
||
|
|
|
|
|
||||
Financing Activities From Continuing Operations
|
|
|
|
|
||||
Repayment of long-term debt
|
|
—
|
|
|
(5,272
|
)
|
||
Withholding for taxes on RSU vesting
|
|
(13
|
)
|
|
(943
|
)
|
||
Other
|
|
(24
|
)
|
|
84
|
|
||
Net cash used for financing activities
|
|
(37
|
)
|
|
(6,131
|
)
|
||
|
|
|
|
|
||||
Increase (decrease) in cash attributable to continuing operations
|
|
$
|
646
|
|
|
$
|
(31,700
|
)
|
|
|
|
|
|
||||
Cash flows used for operating activities of discontinued operations, net
|
|
$
|
—
|
|
|
$
|
3,366
|
|
Cash flows used for investing activities of discontinued operations, net
|
|
—
|
|
|
(197
|
)
|
||
Cash flows used for financing activities of discontinued operations, net
|
|
—
|
|
|
(117
|
)
|
||
Decrease in cash attributable to discontinued operations
|
|
—
|
|
|
3,052
|
|
||
|
|
|
|
|
||||
Net increase (decrease) in cash
|
|
646
|
|
|
(28,648
|
)
|
||
Cash, cash equivalents and restricted cash beginning of period
|
|
141,507
|
|
|
185,351
|
|
||
Cash, cash equivalents and restricted cash, end of period
|
|
$
|
142,153
|
|
|
$
|
156,703
|
|
Lease cost:
|
|
|
||
Finance lease cost
|
|
$
|
78
|
|
Operating lease cost
|
|
7,496
|
|
|
Variable lease cost
|
|
1,625
|
|
|
Sublease income
|
|
(1,129
|
)
|
|
Total lease cost
|
|
$
|
8,070
|
|
|
|
|
||
Other information:
|
|
|
||
Cash paid for amounts included in the measurement of lease liabilities:
|
|
|
||
Operating cash flows from operating leases
|
|
$
|
8,305
|
|
Financing cash flows from finance leases
|
|
$
|
50
|
|
Right of use assets obtained in exchange for new operating lease liabilities
|
|
$
|
121
|
|
Weighted average remaining lease term - finance leases
|
|
2.0
|
|
|
Weighted average remaining lease term - operating leases
|
|
6.4
|
|
|
Weighted average discount rate - finance leases
|
|
5.7
|
%
|
|
Weighted average discount rate - operating leases
|
|
4.72
|
%
|
|
Operating leases
|
|
Finance leases
|
|
Subleases
|
||||||
4/1/2019 - 3/30/2020
|
$
|
31,589
|
|
|
$
|
413
|
|
|
$
|
3,966
|
|
3/31/2020 - 3/28/2021
|
28,977
|
|
|
100
|
|
|
3,300
|
|
|||
3/29/2021 - 3/27/2022
|
26,333
|
|
|
6,892
|
|
|
2,491
|
|
|||
3/28/2022 - 3/26/2023
|
24,036
|
|
|
—
|
|
|
2,280
|
|
|||
3/27/2023 - 3/31/2024
|
12,701
|
|
|
—
|
|
|
1,582
|
|
|||
Thereafter
|
39,461
|
|
|
—
|
|
|
—
|
|
|||
Total future lease payments
|
$
|
163,097
|
|
|
$
|
7,405
|
|
|
$
|
13,619
|
|
Less imputed interest
|
$
|
24,094
|
|
|
$
|
225
|
|
|
$
|
—
|
|
Net future minimum lease payments
|
$
|
139,003
|
|
|
$
|
7,180
|
|
|
$
|
13,619
|
|
Balance at December 30, 2018
|
|
$
|
28,845
|
|
Provision
|
|
7,042
|
|
|
Payments
|
|
(19,461
|
)
|
|
Balance at March 31, 2019
|
|
$
|
16,426
|
|
|
|
Three months ended March 31, 2019
|
||
Accounts receivable from NantMedia beginning balance
|
|
$
|
17,909
|
|
Revenue for TSA services
|
|
7,005
|
|
|
Reimbursable costs
|
|
16,346
|
|
|
Amounts received for TSA services
|
|
(5,866
|
)
|
|
Amounts received for reimbursable costs
|
|
(25,237
|
)
|
|
Amounts paid to third parties under commingled revenue contracts
|
|
6,065
|
|
|
Amounts collected from third parties under commingled revenue contracts
|
|
(5,447
|
)
|
|
Accounts receivable from NantMedia balance as of March 31, 2019
(i)
|
|
$
|
10,775
|
|
Consideration
|
|
|
||
Cash consideration for acquisition
|
|
$
|
33,912
|
|
Total consideration
|
|
33,912
|
|
|
|
|
|
||
Allocated Fair Value of Acquired Assets and Assumed Liabilities
|
|
|
||
Accounts receivable and other current assets
|
|
8,257
|
|
|
Property, plant and equipment
|
|
29,843
|
|
|
Mastheads
|
|
4,700
|
|
|
Intangible assets subject to amortization
|
|
1,300
|
|
|
Accounts payable and other current liabilities
|
|
(10,749
|
)
|
|
Other long term obligations
|
|
(68
|
)
|
|
Total identifiable assets (liabilities), net
|
|
33,283
|
|
|
Goodwill
|
|
629
|
|
|
Total net assets acquired
|
|
$
|
33,912
|
|
Operating revenues
|
|
$
|
117,077
|
|
Operating expenses:
|
|
|
||
Compensation
|
|
33,698
|
|
|
Newsprint and ink
|
|
7,436
|
|
|
Outside services
|
|
31,575
|
|
|
Other operating expenses
|
|
29,887
|
|
|
Depreciation and amortization
|
|
2,058
|
|
|
Total operating expenses
|
|
104,654
|
|
|
Income from operations
|
|
12,423
|
|
|
Interest expense, net
|
|
(30
|
)
|
|
Gain on equity investments, net
|
|
725
|
|
|
Income tax expense
|
|
(588
|
)
|
|
Income from discontinued operations, net of tax
|
|
$
|
13,706
|
|
Operating revenues
|
|
|
||
M
|
|
$
|
104,206
|
|
X
|
|
12,859
|
|
|
Corporate and eliminations
|
|
12
|
|
|
|
|
$
|
117,077
|
|
Income from Operations
|
|
|
||
M
|
|
$
|
10,416
|
|
X
|
|
2,007
|
|
|
Corporate and eliminations
|
|
—
|
|
|
|
|
$
|
12,423
|
|
Depreciation and amortization
|
|
|
||
M
|
|
$
|
1,993
|
|
X
|
|
65
|
|
|
|
|
$
|
2,058
|
|
|
|
March 31, 2019
|
|
December 30, 2018
|
||||
|
|
|
|
|
||||
Carrying amount of liabilities associated with discontinued operations:
|
|
|
|
|
||||
Income Tax Payable
|
|
6,249
|
|
|
6,249
|
|
||
Total liabilities associated with discontinued operations
|
|
$
|
6,249
|
|
|
$
|
6,249
|
|
|
|
As of
|
||||||
|
|
March 31, 2019
|
|
December 30, 2018
|
||||
Newsprint
|
|
$
|
8,968
|
|
|
$
|
9,273
|
|
Supplies and other
|
|
299
|
|
|
314
|
|
||
Total inventories
|
|
$
|
9,267
|
|
|
$
|
9,587
|
|
|
|
March 31, 2019
|
|
December 30, 2018
|
||||||||||||||||||||
|
|
Gross Amount
|
|
Accumulated Amortization
|
|
Net Amount
|
|
Gross Amount
|
|
Accumulated Amortization
|
|
Net Amount
|
||||||||||||
Intangible assets subject to amortization:
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Subscribers (useful life of 2 to 10 years)
|
|
$
|
7,312
|
|
|
$
|
(4,987
|
)
|
|
$
|
2,325
|
|
|
$
|
7,312
|
|
|
$
|
(4,730
|
)
|
|
$
|
2,582
|
|
Advertiser relationships (useful life of 2 to 13 years)
|
|
27,648
|
|
|
(13,151
|
)
|
|
14,497
|
|
|
27,648
|
|
|
(12,497
|
)
|
|
15,151
|
|
||||||
Tradenames (useful life of 20 years)
|
|
15,100
|
|
|
(3,538
|
)
|
|
11,562
|
|
|
15,100
|
|
|
(3,343
|
)
|
|
11,757
|
|
||||||
Other (useful life of 1 to 20 years)
|
|
16,181
|
|
|
(4,611
|
)
|
|
11,570
|
|
|
17,744
|
|
|
(4,831
|
)
|
|
12,913
|
|
||||||
Total intangible assets subject to amortization
|
|
$
|
66,241
|
|
|
$
|
(26,287
|
)
|
|
39,954
|
|
|
$
|
67,804
|
|
|
$
|
(25,401
|
)
|
|
42,403
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Software (useful life of 2 to 10 years)
|
|
$
|
139,095
|
|
|
$
|
(112,927
|
)
|
|
26,168
|
|
|
$
|
136,005
|
|
|
$
|
(108,888
|
)
|
|
27,117
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Goodwill and other intangible assets not subject to amortization:
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Goodwill
|
|
|
|
|
|
132,172
|
|
|
|
|
|
|
132,146
|
|
||||||||||
Newspaper mastheads
|
|
|
|
|
|
34,826
|
|
|
|
|
|
|
34,826
|
|
||||||||||
Total goodwill and other intangible assets
|
|
|
|
|
|
$
|
233,120
|
|
|
|
|
|
|
$
|
236,492
|
|
|
|
Three Months Ended
|
|
Affected Line Items in the Consolidated Statements of Loss
|
||||||
|
|
March 31, 2019
|
|
April 1, 2018
|
|
|||||
Service cost
|
|
$
|
80
|
|
|
$
|
80
|
|
|
Compensation
|
Interest cost
|
|
811
|
|
|
811
|
|
|
Other income, net
|
||
Expected return on assets
|
|
(1,168
|
)
|
|
(1,168
|
)
|
|
Other income, net
|
||
Net periodic benefit
|
|
$
|
(277
|
)
|
|
$
|
(277
|
)
|
|
|
|
Three Months Ended
|
|
Affected Line Items in the Consolidated Statements of Loss
|
||||||
|
March 31, 2019
|
|
April 1, 2018
|
|
|||||
Service cost
|
$
|
4
|
|
|
$
|
3
|
|
|
Compensation
|
Interest cost
|
10
|
|
|
9
|
|
|
Other income, net
|
||
Amortization of prior service credits
|
(82
|
)
|
|
(2,634
|
)
|
|
Other income, net
|
||
Amortization of actuarial gains
|
—
|
|
|
(658
|
)
|
|
Other income, net
|
||
Net periodic benefit
|
$
|
(68
|
)
|
|
$
|
(3,280
|
)
|
|
|
Balance at December 30, 2018
|
|
$
|
39,756
|
|
Loss attributable to noncontrolling interest
|
|
(39
|
)
|
|
Balance at March 31, 2019
|
|
$
|
39,717
|
|
|
Three Months Ended
|
||||||
|
March 31, 2019
|
|
April 1, 2018
|
||||
Income (Loss) - Numerator:
|
|
|
|
||||
Net loss from continuing operations
|
$
|
(4,714
|
)
|
|
$
|
(28,071
|
)
|
Less: Net income (loss) from continuing operations attributable to noncontrolling interest
|
(39
|
)
|
|
262
|
|
||
Loss available to common shareholders, before discontinued operations
|
(4,675
|
)
|
|
(28,333
|
)
|
||
Income from discontinued operations
|
—
|
|
|
13,706
|
|
||
Net loss available to Tribune stockholders
|
$
|
(4,675
|
)
|
|
$
|
(14,627
|
)
|
|
|
|
|
||||
Shares - Denominator:
|
|
|
|
||||
Weighted average number of common shares outstanding (basic)
|
35,628
|
|
|
34,801
|
|
||
Dilutive effect of employee stock options and RSUs
|
—
|
|
|
—
|
|
||
Adjusted weighted average shares outstanding (diluted)
|
35,628
|
|
|
34,801
|
|
||
|
|
|
|
||||
Net loss attributable to Tribune per common share:
|
|
|
|
||||
Continuing operations
|
$
|
(0.13
|
)
|
|
$
|
(0.81
|
)
|
Discontinued operations
|
—
|
|
|
0.39
|
|
||
Net loss per common share
|
$
|
(0.13
|
)
|
|
$
|
(0.42
|
)
|
|
|
|
|
||||
Diluted loss per common share:
|
|
|
|
||||
Continuing operations
|
$
|
(0.13
|
)
|
|
$
|
(0.81
|
)
|
Discontinued operations
|
—
|
|
|
0.39
|
|
||
Net loss per common share-diluted
|
$
|
(0.13
|
)
|
|
$
|
(0.42
|
)
|
|
|
Foreign Currency
|
|
OPEB
|
|
Pension
|
|
Total
|
||||||||
Balance at December 30, 2018
|
|
$
|
(39
|
)
|
|
$
|
303
|
|
|
$
|
(237
|
)
|
|
$
|
27
|
|
Amounts reclassified from AOCI
|
|
—
|
|
|
(59
|
)
|
|
—
|
|
|
(59
|
)
|
||||
Foreign currency translation adjustments
|
|
(2
|
)
|
|
—
|
|
|
—
|
|
|
(2
|
)
|
||||
Balance at March 31, 2019
|
|
$
|
(41
|
)
|
|
$
|
244
|
|
|
$
|
(237
|
)
|
|
$
|
(34
|
)
|
|
Three Months Ended
|
|
|
||||||
|
March 31, 2019
|
|
April 1, 2018
|
|
Affected Line Items in the Consolidated Statements of Loss
|
||||
Accumulated Other Comprehensive Income (Loss) Components
|
|
|
|
|
|
||||
Pension and postretirement benefit adjustments:
|
|
|
|
|
|
||||
Amortization of prior service credits
|
$
|
(82
|
)
|
|
$
|
(2,634
|
)
|
|
Other income, net
|
Amortization of actuarial gains
|
—
|
|
|
(658
|
)
|
|
Other income, net
|
||
Total before taxes
|
(82
|
)
|
|
(3,292
|
)
|
|
|
||
Tax effect
|
(23
|
)
|
|
(915
|
)
|
|
Income tax benefit
|
||
Total reclassifications for the period
|
$
|
(59
|
)
|
|
$
|
(2,377
|
)
|
|
|
|
Three Months Ended
|
||||||||||||||||||||||||||||||
|
M
|
|
X
|
|
Corporate and Eliminations
|
|
Consolidated
|
||||||||||||||||||||||||
|
(Print)
|
|
(Digital)
|
|
|
||||||||||||||||||||||||||
|
Mar 31, 2019
|
|
Apr 1, 2018
|
|
Mar 31, 2019
|
|
Apr 1, 2018
|
|
Mar 31, 2019
|
|
Apr 1, 2018
|
|
Mar 31, 2019
|
|
Apr 1, 2018
|
||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||
Advertising
|
$
|
75,932
|
|
|
$
|
82,742
|
|
|
$
|
20,836
|
|
|
$
|
22,050
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
96,768
|
|
|
$
|
104,792
|
|
Circulation
|
86,670
|
|
|
84,626
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
86,670
|
|
|
84,626
|
|
||||||||
Commercial print and delivery
|
24,459
|
|
|
27,005
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
24,459
|
|
|
27,005
|
|
||||||||
Direct mail
|
8,638
|
|
|
7,603
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
8,638
|
|
|
7,603
|
|
||||||||
Content syndication and other
|
2,326
|
|
|
2,235
|
|
|
18,747
|
|
|
13,094
|
|
|
6,917
|
|
|
(989
|
)
|
|
27,990
|
|
|
14,340
|
|
||||||||
Other
|
35,423
|
|
|
36,843
|
|
|
18,747
|
|
|
13,094
|
|
|
6,917
|
|
|
(989
|
)
|
|
61,087
|
|
|
48,948
|
|
||||||||
Operating revenues
|
198,025
|
|
|
204,211
|
|
|
39,583
|
|
|
35,144
|
|
|
6,917
|
|
|
(989
|
)
|
|
244,525
|
|
|
238,366
|
|
||||||||
Operating expenses
|
184,227
|
|
|
204,411
|
|
|
44,783
|
|
|
35,755
|
|
|
22,917
|
|
|
29,278
|
|
|
251,927
|
|
|
269,444
|
|
||||||||
Income (loss) from operations
|
$
|
13,798
|
|
|
$
|
(200
|
)
|
|
$
|
(5,200
|
)
|
|
$
|
(611
|
)
|
|
$
|
(16,000
|
)
|
|
$
|
(30,267
|
)
|
|
(7,402
|
)
|
|
(31,078
|
)
|
||
Interest income (expense), net
|
|
|
|
|
|
|
|
|
|
|
|
|
220
|
|
|
(6,564
|
)
|
||||||||||||||
Loss on early extinguishment of debt
|
|
|
|
|
|
|
|
|
|
|
|
|
—
|
|
|
—
|
|
||||||||||||||
Loss on investments, net
|
|
|
|
|
|
|
|
|
|
|
|
|
(487
|
)
|
|
(729
|
)
|
||||||||||||||
Other income, net
|
|
|
|
|
|
|
|
|
|
|
|
|
73
|
|
|
3,663
|
|
||||||||||||||
Loss from continuing operations before income taxes
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
(7,596
|
)
|
|
$
|
(34,708
|
)
|
||||||||||||
Depreciation and amortization
|
$
|
6,286
|
|
|
$
|
3,972
|
|
|
$
|
2,177
|
|
|
$
|
4,549
|
|
|
$
|
3,621
|
|
|
$
|
3,925
|
|
|
$
|
12,084
|
|
|
$
|
12,446
|
|
|
|
Three months ended
|
||||||
|
|
March 31, 2019
|
|
April 1, 2018
|
||||
Cash paid during the period for:
|
|
|
|
|
||||
Interest
|
|
$
|
—
|
|
|
$
|
5,272
|
|
Income taxes, net of refunds
|
|
(141
|
)
|
|
167
|
|
||
Non-cash items in investing activities:
|
|
|
|
|
||||
Value of shares issued for acquisition
|
|
—
|
|
|
34,595
|
|
|
|
As of
|
||||||
|
|
March 31, 2019
|
|
December 30, 2018
|
||||
Cash and cash equivalents
|
|
$
|
98,206
|
|
|
$
|
97,560
|
|
Restricted cash included in other assets
|
|
43,947
|
|
|
43,947
|
|
||
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows
|
|
$
|
142,153
|
|
|
$
|
141,507
|
|
|
Daily Newspapers
|
Weekly Newspapers
|
Niche Publications
|
Cost:
|
Paid
|
Paid and free
|
Paid and free
|
Distribution:
|
Distributed four to seven days per week
|
Distributed one to three days per week
|
Distributed weekly, monthly or on an annual basis
|
Income:
|
Revenue from advertisers, subscribers, rack/box sales
|
Paid:
Revenue from advertising, subscribers, rack/box sales
|
Paid:
Revenue from advertising, rack/box sales
|
|
|
Free:
Advertising revenue only
|
Free:
Advertising revenue only
|
Media Group
|
|
City
|
|
Masthead
|
|
Circulation Type
|
|
Paid or Free
|
Chicago Tribune Media Group
|
|
|
|
|
||||
|
|
Chicago, IL
|
|
Chicago Tribune
|
|
Daily
|
|
Paid
|
|
|
Chicago, IL
|
|
Chicago Magazine
|
|
Monthly
|
|
Paid
|
|
|
Chicago, IL
|
|
Hoy
|
|
Weekly
|
|
Free
|
|
|
Chicago, IL
|
|
RedEye
|
|
Weekly
|
|
Free
|
The New York Daily News Group
|
|
|
|
|
||||
|
|
New York, NY
|
|
New York Daily News
|
|
Daily
|
|
Paid
|
Sun Sentinel Media Group
|
|
|
|
|
||||
|
|
Broward County, FL, Palm Beach County, FL
|
|
Sun Sentinel
|
|
Daily
|
|
Paid
|
|
|
Broward County, FL, Palm Beach County, FL
|
|
el Sentinel
|
|
Weekly
|
|
Free
|
Orlando Sentinel Media Group
|
|
|
|
|
||||
|
|
Orlando, FL
|
|
Orlando Sentinel
|
|
Daily
|
|
Paid
|
|
|
Orlando, FL
|
|
el Sentinel
|
|
Weekly
|
|
Free
|
The Baltimore Sun Media Group
|
|
|
|
|
||||
|
|
Baltimore, MD
|
|
The Baltimore Sun
|
|
Daily
|
|
Paid
|
|
|
Annapolis, MD
|
|
The Capital
|
|
Daily
|
|
Paid
|
|
|
Westminster, MD
|
|
Carroll County Times
|
|
Daily
|
|
Paid
|
Hartford Courant Media Group
|
|
|
|
|
||||
|
|
Hartford County, CT, Middlesex County, CT, Tolland County, CT
|
|
The Hartford Courant
|
|
Daily
|
|
Paid
|
Virginia Media Group
|
|
|
|
|
||||
|
|
Newport News, VA (Peninsula)
|
|
Daily Press
|
|
Daily
|
|
Paid
|
|
|
Norfolk, VA
|
|
The Virginian-Pilot
|
|
Daily
|
|
Paid
|
The Morning Call Media Group
|
|
|
|
|
||||
|
|
Lehigh Valley, PA
|
|
The Morning Call
|
|
Daily
|
|
Paid
|
Websites
|
||
www.tribpub.com
|
www.orlandosentinel.com
|
www.thedailymeal.com
|
www.chicagotribune.com
|
www.orlandosentinel/elsentinel.com
|
www.theactivetimes.com
|
www.chicagomag.com
|
www.baltimoresun.com
|
www.dailypress.com
|
www.sun-sentinel.com
|
www.capitalgazette.com
|
www.pilotonline.com
|
www.sun-sentinel/elsentinel.com
|
www.carrollcountytimes.com
|
www.vivelohoy.com
|
www.bestreviews.com
|
www.courant.com
|
www.redeyechicago.com
|
www.nydailynews.com
|
www.themorningcall.com
|
|
|
Three months ended
|
|||||||||
|
Mar 31, 2019
|
|
Apr 1, 2018
|
|
% Change
|
|||||
Operating revenues
|
$
|
244,525
|
|
|
$
|
238,366
|
|
|
2.6
|
%
|
Compensation
|
97,709
|
|
|
110,765
|
|
|
(11.8
|
%)
|
||
Newsprint and ink
|
16,103
|
|
|
14,598
|
|
|
10.3
|
%
|
||
Outside services
|
83,813
|
|
|
98,982
|
|
|
(15.3
|
%)
|
||
Other operating expenses
|
42,218
|
|
|
32,653
|
|
|
29.3
|
%
|
||
Depreciation and amortization
|
12,084
|
|
|
12,446
|
|
|
(2.9
|
%)
|
||
Total operating expenses
|
251,927
|
|
|
269,444
|
|
|
(6.5
|
%)
|
||
Loss from operations
|
(7,402
|
)
|
|
(31,078
|
)
|
|
(76.2
|
%)
|
||
Interest expense, net
|
220
|
|
|
(6,564
|
)
|
|
*
|
|||
Loss on equity investments, net
|
(487
|
)
|
|
(729
|
)
|
|
(33.2
|
%)
|
||
Other income, net
|
73
|
|
|
3,663
|
|
|
(98.0
|
%)
|
||
Income tax benefit
|
(2,882
|
)
|
|
(6,637
|
)
|
|
(56.6
|
%)
|
||
Loss from continuing operations
|
(4,714
|
)
|
|
(28,071
|
)
|
|
(83.2
|
%)
|
||
Income from discontinued operations, net of taxes
|
—
|
|
|
13,706
|
|
|
*
|
|||
Net loss
|
(4,714
|
)
|
|
(14,365
|
)
|
|
(67.2
|
%)
|
||
Income (loss) attributable to noncontrolling interest
|
(39
|
)
|
|
262
|
|
|
*
|
|||
Net loss attributable to Tribune
|
$
|
(4,675
|
)
|
|
$
|
(14,627
|
)
|
|
(68.0
|
%)
|
|
Three Months Ended
|
||||||||||||||||||||||||||||||
|
M
|
|
X
|
|
Corporate and Eliminations
|
|
Consolidated
|
||||||||||||||||||||||||
|
Mar 31, 2019
|
|
Apr 1, 2018
|
|
Mar 31, 2019
|
|
Apr 1, 2018
|
|
Mar 31, 2019
|
|
Apr 1, 2018
|
|
Mar 31, 2019
|
|
Apr 1, 2018
|
||||||||||||||||
Total revenues
|
$
|
198,025
|
|
|
$
|
204,211
|
|
|
$
|
39,583
|
|
|
$
|
35,144
|
|
|
$
|
6,917
|
|
|
$
|
(989
|
)
|
|
$
|
244,525
|
|
|
$
|
238,366
|
|
Operating expenses
|
184,227
|
|
|
204,411
|
|
|
44,783
|
|
|
35,755
|
|
|
22,917
|
|
|
29,278
|
|
|
251,927
|
|
|
269,444
|
|
||||||||
Income (loss) from operations
|
13,798
|
|
|
(200
|
)
|
|
(5,200
|
)
|
|
(611
|
)
|
|
(16,000
|
)
|
|
(30,267
|
)
|
|
(7,402
|
)
|
|
(31,078
|
)
|
||||||||
Depreciation and amortization
|
6,286
|
|
|
3,972
|
|
|
2,177
|
|
|
4,549
|
|
|
3,621
|
|
|
3,925
|
|
|
12,084
|
|
|
12,446
|
|
||||||||
Adjustments
(1)
|
3,686
|
|
|
4,877
|
|
|
5,555
|
|
|
1,950
|
|
|
7,366
|
|
|
20,344
|
|
|
16,607
|
|
|
27,171
|
|
||||||||
Adjusted EBITDA
|
$
|
23,770
|
|
|
$
|
8,649
|
|
|
$
|
2,532
|
|
|
$
|
5,888
|
|
|
$
|
(5,013
|
)
|
|
$
|
(5,998
|
)
|
|
$
|
21,289
|
|
|
$
|
8,539
|
|
|
Three Months Ended
|
|||||||||
(in thousands)
|
Mar 31, 2019
|
|
Apr 1, 2018
|
|
% Change
|
|||||
Operating revenues:
|
|
|
|
|
|
|||||
Advertising
|
$
|
75,932
|
|
|
$
|
82,742
|
|
|
(8.2
|
%)
|
Circulation
|
86,670
|
|
|
84,626
|
|
|
2.4
|
%
|
||
Other
|
35,423
|
|
|
36,843
|
|
|
(3.9
|
%)
|
||
Total revenues
|
198,025
|
|
|
204,211
|
|
|
(3.0
|
%)
|
||
Operating expenses
|
184,227
|
|
|
204,411
|
|
|
(9.9
|
%)
|
||
Income (loss) from operations
|
13,798
|
|
|
(200
|
)
|
|
*
|
|||
Depreciation and amortization
|
6,286
|
|
|
3,972
|
|
|
58.3
|
%
|
||
Adjustments
(1)
|
3,686
|
|
|
4,877
|
|
|
(24.4
|
%)
|
||
Adjusted EBITDA
|
$
|
23,770
|
|
|
$
|
8,649
|
|
|
*
|
|
Three Months Ended
|
|||||||||
(in thousands)
|
Mar 31, 2019
|
|
Apr 1, 2018
|
|
% Change
|
|||||
Operating revenues:
|
|
|
|
|
|
|||||
Advertising
|
$
|
20,836
|
|
|
$
|
22,050
|
|
|
(5.5
|
%)
|
Content
|
18,747
|
|
|
13,094
|
|
|
43.2
|
%
|
||
Total revenues
|
39,583
|
|
|
35,144
|
|
|
12.6
|
%
|
||
Operating expenses
|
44,783
|
|
|
35,755
|
|
|
25.2
|
%
|
||
Loss from operations
|
(5,200
|
)
|
|
(611
|
)
|
|
*
|
|||
Depreciation and amortization
|
2,177
|
|
|
4,549
|
|
|
(52.1
|
%)
|
||
Adjustments
(1)
|
5,555
|
|
|
1,950
|
|
|
*
|
|
||
Adjusted EBITDA
|
$
|
2,532
|
|
|
$
|
5,888
|
|
|
(57.0
|
%)
|
|
Three Months Ende
d
|
|||||||||
(in thousands)
|
March 31, 2019
|
|
April 1, 2018
|
|
% Change
|
|||||
Loss from continuing operations
|
$
|
(4,714
|
)
|
|
$
|
(28,071
|
)
|
|
(83.2
|
%)
|
Income tax benefit from continuing operations
|
(2,882
|
)
|
|
(6,637
|
)
|
|
(56.6
|
%)
|
||
Interest expense, net
|
(220
|
)
|
|
6,564
|
|
|
*
|
|
||
Loss on equity investments, net
|
487
|
|
|
729
|
|
|
(33.2
|
%)
|
||
Other income, net
|
(73
|
)
|
|
(3,663
|
)
|
|
(98.0
|
%)
|
||
Loss from continuing operations
|
(7,402
|
)
|
|
(31,078
|
)
|
|
(76.2
|
%)
|
||
Depreciation and amortization
|
12,084
|
|
|
12,446
|
|
|
(2.9
|
%)
|
||
Restructuring and transaction costs
(1)
|
10,870
|
|
|
25,584
|
|
|
(57.5
|
%)
|
||
Stock-based compensation
|
5,737
|
|
|
1,587
|
|
|
*
|
|||
Adjusted EBITDA from continuing operations
|
$
|
21,289
|
|
|
$
|
8,539
|
|
|
*
|
(1) -
|
Restructuring and transaction costs include costs related to Tribune's internal restructuring, such as severance, charges associated with vacated space, costs related to completed and potential acquisitions and a one-time charge related to the Consulting Agreement.
|
•
|
they do not reflect the Company’s interest income and expense, or the requirements necessary to service interest or principal payments on the Company’s debt;
|
•
|
they do not reflect future requirements for capital expenditures or contractual commitments; and
|
•
|
although depreciation and amortization charges are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future, and non-GAAP measures do not reflect any cash requirements for such replacements.
|
|
|
Three months ended
|
||||||
|
|
March 31, 2019
|
|
April 1, 2018
|
||||
Net cash provided by operating activities
|
|
$
|
4,744
|
|
|
$
|
16,495
|
|
Net cash used for investing activities
|
|
(4,061
|
)
|
|
(42,064
|
)
|
||
Net cash used for financing activities
|
|
(37
|
)
|
|
(6,131
|
)
|
||
Increase (decrease) in cash attributable to continuing operations
|
|
$
|
646
|
|
|
$
|
(31,700
|
)
|
2.1*
|
2.2*
|
2.3*
|
2.4*
|
3.1*
|
3.2*
|
10.1*~
|
10.2*~
|
10.3*~
|
31.1
|
31.2
|
32
|
101.INS
|
XBRL Instance Document
|
101.SCH
|
XBRL Taxonomy Extension Scheme Document
|
101.CAL
|
XBRL Taxonomy Extension Calculation Linkbase Document
|
101.DEF
|
XBRL Taxonomy Extension Definition Linkbase Document
|
101.LAB
|
XBRL Taxonomy Extension Labels Linkbase Document
|
101.PRE
|
XBRL Taxonomy Extension Presentation Linkbase Document
|
|
|
|
TRIBUNE PUBLISHING COMPANY
|
|
|
|
|
May 8, 2019
|
|
By:
|
/s/ Terry Jimenez
|
|
|
|
Terry Jimenez
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Executive Vice President and Chief Financial Officer
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May 8, 2019
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By:
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/s/ Michael N. Lavey
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Michael N. Lavey
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Chief Accounting Officer and Controller
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1 Year Tribune Publishing Chart |
1 Month Tribune Publishing Chart |
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