Tribune Media Company Reports First Quarter 2017 Results

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Tribune Media (TRCO) PT Raised to $42 at Jefferies; Reiterates Hold

May 11, 2017 9:17 AM EDT

Jefferies raised its price target on Tribune Media (NYSE: TRCO) to $42.00 (from $36.00) while maintaining a Hold rating. TRCO reported a 6% decline in 1Q core advertising spending. While key categories such as auto and retail 'over indexed' relative to total core, the decline was largely... More