Tribune Media

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 (as Chicago Daily Tribune); 1861 (as Tribune Company);
Defunct	September 19, 2019
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;

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.

[1] 2018 Proxy Statement

[:0-2] 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.

[3] 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.

[4] Littleton, Cynthia (December 2, 2018). "Tribune Media to Be Acquired by Nexstar Media Group". Variety. Retrieved December 15, 2018.

[Channick-5] Channick, Robert (August 1, 2019). "Tribune Media - Nexstar merger one step closer after DOJ approval". Chicago Tribune. Retrieved August 2, 2019.

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