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Tribune Media

Tribune Media Company
Publicly traded company
Traded as TRCO
Industry Conglomerate
Founded
  • June 10, 1847; 169 years ago (1847-06-10) (as Chicago Daily Tribune)
  • 1861; 156 years ago (1861) (as Tribune Company)
  • August 4, 2014; 2 years ago (2014-08-04) (as Tribune Media Company)
Headquarters Chicago, Illinois, U.S.
Key people
Products Television, radio, television production, real estate
Revenue IncreaseUS$3.18 billion (FY 2010)
Owner
Number of employees
14,000
Subsidiaries Tribune Broadcasting
Gracenote
Website www.tribunemedia.com

The Tribune Media Company, also known as Tribune Media 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%).

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, 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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