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Tribune Publishing expects revenues of $1.645 billion to $1.675 billion

Staff writer |
Tribune Publishing Company announced that based on preliminary results through the end of August and the company’s outlook for the balance of the year, the company now expects different full year 2015 results.

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Total revenues of $1.645 billion to $1.675 billion, compared to prior estimates of $1.67 billion to $1.70 billion.

Adjusted EBITDA of $145 million to $160 million, compared to prior estimates of $165 million to $175 million.

Chief financial officer Sandra J. Martin said, “Revised guidance reflects lower forecasted revenue estimates for the year, concentrated in Southern California. Expense mitigation efforts partially offset this decline, but are expected to be unfavorably impacted by the delay of implementation of these efforts, principally in Southern California.”

Chief executive officer Jack Griffin said, “Our Board of Directors and management are fully committed to executing the five-point transformation plan that we launched last year when Tribune Publishing became a publicly traded company.

"We have made substantial progress, and continue to believe that it well-positions our Company to create value for our shareholders while continuing to produce editorially excellent publications that serve our readers and their communities with distinction.”


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