Tribune Company | Wikipedia audio article
Channel: wikipedia tts
Date: 03/01/2019

This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/Tribune_Media


00:01:38 1 History
00:01:47 1.1 Print pioneer
00:03:42 1.2 Move into broadcasting
00:09:14 1.3 Public corporation
00:20:15 1.4 Zell ownership
00:22:45 1.5 Bankruptcy reorganization
00:24:07 1.6 Public corporation second time
00:25:36 1.7 Tribune Media
00:26:39 1.7.1 Aborted acquisition by Sinclair Broadcast Group
00:32:23 1.7.2 Proposed acquisition by Nexstar Media Group
00:33:25 2 Assets
00:34:00 2.1 Former assets
00:34:40 3 See also



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SUMMARY
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Tribune Media Company (formerly Tribune Company) is an American conglomerate that is headquartered in Chicago, Illinois, United States. Tribune announced its sale to Hunt Valley, Maryland-based conglomerate Sinclair Broadcast Group on May 8, 2017, but on August 9, 2018, Tribune withdrew from said potential merger with Sinclair and sued them for breach of contract, thusly calling off the sale. On December 3, 2018, it was announced that Nexstar Media Group will buy Tribune Media for $4.1 billion.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.
The 2008 bankruptcy of Tribune Media was the largest bankruptcy in the history of the American media industry. In December 2012 the Tribune Co. emerged from bankruptcy.