Tribune Co.
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The Tribune Tower in Chicago is the headquarters of Tribune Media
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| Publicly traded company | |
| Traded as | : TRCO |
| Industry | Conglomerate |
| Fate | Acquisition by Sinclair Broadcast Group pending |
| Founded |
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| Headquarters | Chicago, Illinois, U.S. |
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Key people
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| Products | Television, radio, television production, real estate |
| Revenue |
 US$1.94 billion (2016) |
| Owner |
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Number of employees
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8,200 (2016) |
| Subsidiaries | Tribune Broadcasting |
| Website | www |
Tribune Media, also known as Tribune Media Company and formerly known as the Tribune Company, is an American conglomerate that is headquartered in Chicago, Illinois, United States. A significant amount of the stock of publicly traded Tribune is held by three firms that were the company's senior debt holders: Oaktree Capital Management (which owns a 23% interest), Angelo, Gordon & Co. and JPMorgan Chase (which both own 9%). Tribune announced its sale to Hunt Valley, Maryland-based conglomerate Sinclair Broadcast Group on May 8, 2017 (the deal is expected to receive FCC approval sometime in the 4th quarter of 2017).
Through Tribune Broadcasting, Tribune Media is 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 also owns 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 (which the company maintains a 31% ownership interest).
Prior to the August 2014 spin-off of the company's publishing division into Tribune Publishing (now called Tronc, Inc.), 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.
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Wikipedia