"Tribune Company" redirects here. For the news and print publishing company spun off from this company, see Tribune Publishing.
Tribune Media Company
Formerly
Tribune Company (1861–2014)
Company type
Public
Traded as
NYSE: TRCO (Class A)
ISIN
US8960475031
Industry
Mass media
Founded
June 10, 1847; 176 years ago (1847-06-10) (as Chicago Daily Tribune)
1861; 163 years ago (1861) (as Tribune Company)
Defunct
September 19, 2019; 4 years ago (2019-09-19)
Fate
Newspapers spun off in 2014 to Tribune Publishing. Broadcast assets merged into Nexstar.
Successor
Tribune Publishing (newspapers) Nexstar Media Group (broadcasting)
Headquarters
Chicago, Illinois
,
U.S.
Key people
Bruce Karsh (Chairman)
Peter Kern (Interim CEO)
Products
Television, radio, television production, real estate, Publishing
Revenue
US$1.94 billion (2016)
Operating income
US$433.6 million (2016)
Net income
US$380.9 million (2016)
Total assets
US$9.7 million (2016)
Total equity
US$27 million (2016)
Number of employees
8,200 (2016)
Subsidiaries
Tribune Broadcasting Tribune Publishing
Website
www.tribunemedia.com (shutdown)
Footnotes / references [1]
Tribune Media Company, also known as Tribune Company, was an American multimedia conglomerate headquartered in Chicago, Illinois.
Through Tribune Broadcasting, Tribune Media was one of the largest television broadcasting companies, owning 39 television stations across the United States and operating three additional stations through local marketing agreements. It owned national basic cable channel/superstation WGN America, regional cable news channel Chicagoland Television (CLTV) and Chicago radio station WGN. Investment interests include the Food Network, in which the company had a 31% share.
Prior to the August 2014 spin-off of the company's publishing division into Tribune Publishing, Tribune Media was the nation's second-largest newspaper publisher behind the Gannett Company, with ten daily newspapers, including the Chicago Tribune, Los Angeles Times, Orlando Sentinel, Sun-Sentinel and The Baltimore Sun, and several commuter tabloids.
In 2007, investors bought the company, taking on substantial debt. The subsequent 2008 bankruptcy of Tribune Company was the largest bankruptcy in the history of the American media industry.[2] In December 2012 the Tribune Co. emerged from bankruptcy.[3] Tribune announced its sale to Hunt Valley, Maryland-based Sinclair Broadcast Group on May 8, 2017, but on August 9, 2018, Tribune cancelled the sale and sued Sinclair for breach of contract. On December 3, 2018, Nexstar Media Group announced that it would merge with Tribune Media for $4.1 billion. Within Nexstar, Tribune Media remains the license holder for all of the former Tribune stations retained directly by Nexstar after the Nexstar acquisition.[4] The largest broadcast merger in U.S. history was approved in 2019.[5]
^2018 Proxy Statement
^Carr, David (October 5, 2010). "At Sam Zell's Tribune, Tales of a Bankrupt Culture". The New York Times. ISSN 0362-4331. Retrieved January 26, 2019.
^Brennan, Morgan (September 18, 2013). "The Investment Zen Of Sam Zell: Inside The Grave Dancer's $4 Billion Business Empire". Forbes. Retrieved September 18, 2013.
^Littleton, Cynthia (December 2, 2018). "Tribune Media to Be Acquired by Nexstar Media Group". Variety. Retrieved December 15, 2018.
^Channick, Robert (August 1, 2019). "Tribune Media - Nexstar merger one step closer after DOJ approval". Chicago Tribune. Retrieved August 2, 2019.
TribuneMedia Company, also known as Tribune Company, was an American multimedia conglomerate headquartered in Chicago, Illinois. Through Tribune Broadcasting...
The Chicago Tribune is an American daily newspaper based in Chicago, Illinois, owned by Tribune Publishing. Founded in 1847, and formerly self-styled...
Tribune Syndicate, the Chicago Tribune New York News Syndicate (CTNYNS), Tribune Company Syndicate, and TribuneMedia Services. TCA is headquartered in...
intent to merge with TribuneMedia for $6.4 billion ($4.1 billion for all of Tribune's shares in cash and $2.3 billion of Tribune's debt). The merger would...
Illinois. The tower was the home of the Tribune, and the related TribuneMedia, Tribune Broadcasting, and Tribune Publishing. WGN Radio (720 kHz) originated...
'Deception' adjusts down: Sunday final ratings". TV by the Numbers. TribuneMedia. Archived from the original on March 13, 2018. Retrieved March 13, 2018...
within the Chicago market. Nexstar Media Group acquired WGN America as part of its 2019 purchase of most of Tribune's assets, becoming the company's only...
Tribune Broadcasting Company, LLC was an American media company which operated as a subsidiary of TribuneMedia, a media conglomerate based in Chicago...
The Star Tribune is an American daily newspaper based in Minneapolis, Minnesota. It is Minnesota's largest newspaper and the sixth-largest in the United...
Tribune Publishing Company (briefly Tronc, Inc.) is an American newspaper print and online media publishing company. The company, which was acquired by...
acquisition of TribuneMedia by Sinclair Broadcast Group was a proposed broadcast media transaction between Sinclair Broadcast Group and TribuneMedia. Formally...
'Deception' adjusts down: Sunday final ratings". TV by the Numbers. TribuneMedia. Archived from the original on March 13, 2018. Retrieved March 13, 2018...
The International Herald Tribune (IHT) was a daily English-language newspaper published in Paris, France for international English-speaking readers. It...
& Cable. NewBay Media. Retrieved March 23, 2014. "Cable Series by Total Households: week of 02/21/05-02/27/05". Zap2it. TribuneMedia Services. Archived...
Scylla". Chicago Tribune. Chicago Tribune. Retrieved 18 March 2015. Ray, Dennis. "Best New Restaurants". Chicago Magazine. Chicago TribuneMedia Group. Retrieved...
vinyl records. From 2008 to 2014, it was owned by Sony, later sold to TribuneMedia, and has been owned since 2017 by Nielsen Holdings. In 2019, Nielsen...
"SPOTTED: Eileen Davidson Back on Set at Young and Restless!". Zap2it. TribuneMedia Services. Archived from the original on February 22, 2013. Retrieved...
Last Watch' leads, 'Killing Eve' finale slips". TV By The Numbers. TribuneMedia Entertainment. Archived from the original on 2019-05-29. Retrieved 2019-08-03...
(September 19, 2019). "Nexstar completes purchase of WGN owner TribuneMedia". Chicago Tribune. Archived from the original on September 20, 2019. Retrieved...
TribuneMedia Services. "Soap Scoop: Daytime TV News". The Vindicator. April 7, 1997. p. 19. "Q&A: Your Questions". The Dallas Morning News. Tribune Media...
by the TribuneMedia Company, is carried (with some programming differences) as "WGN America" on cable and satellite nationwide. Sun-Times Media Group...
Tribune Entertainment (formerly Mid-America Video Tape Productions, WGN Continental Productions, Tribune Productions and Tribune Entertainment Company)...
protect views of Tribune Tower. Nonetheless, later that month, TribuneMedia sold Tribune Tower and adjacent property totaling 3 acres (12,141 m2), including...
& Cable. NewBay Media. Retrieved March 23, 2014. "Cable Series by Total Households: week of 02/21/05-02/27/05". Zap2it. TribuneMedia Services. Archived...
Global Information
US$1.94 billion (2016)