Tribune Media

Tribune Media Company, also known as Tribune Company, was an American multimedia conglomerate headquartered in Chicago, Illinois.

Tribune Media Company
FormerlyTribune Company (1861–2014)
TypePublic
NYSE: TRCO (Class A)
ISINUS8960475031
IndustryMass media
Founded
  • June 10, 1847; 174 years ago (1847-06-10) (as Chicago Daily Tribune)
  • 1861; 160 years ago (1861) (as Tribune Company)
DefunctSeptember 19, 2019; 23 months ago (2019-09-19)
FateNewspapers spun off in 2014 to Tribune Publishing. Broadcast assets merged into Nexstar.
SuccessorTribune Publishing (newspapers)
Nexstar Media Group (broadcasting)
Headquarters,
Key people
ProductsTelevision, radio, television production, real estate, Publishing
Revenue US$1.94 billion (2016)
US$433.6 million (2016)
US$380.9 million (2016)
Total assets US$9.7 million (2016)
Total equity US$27 million (2016)
Number of employees
8,200 (2016)
SubsidiariesTribune Broadcasting
Tribune Publishing
Websitewww.tribunemedia.com (shutdown)
Footnotes / references
[1]

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.[4] The largest broadcast merger in U.S. history was approved in 2019.[5]