There’s no looking forward, only back. That’s the message Tribune Media sent to shareholders with Thursday’s release (5/10) of its Q1 2018 financial results.
The company is providing no guidance for full-year 2018. It also skipped a conference call to discuss its first quarter report card. That’s “in light of” Tribune’s planned merger with Sinclair Broadcast Group.
That said, Tribune had a very good Q1. It was thanks to reduced programming expenses … and one other big multimillion-dollar cash infusion.