Company Overview of Tribune Media Company
Tribune Media Company, through its subsidiaries, operates as a media and entertainment company in the United States. It offers news, entertainment, and sports programming through Tribune Broadcasting local television stations, including FOX television affiliates, CW Network, LLC television affiliates, CBS television affiliates, ABC television affiliates, NBC television affiliates, and independent television stations; and television series and movies on WGN America, a national general entertainment cable network. The company also operates Antenna TV and THIS TV, a digital multicast networks; Tribune Studios, a development and production studio; Screener, an entertainment Website; and WGN 720 ...
435 North Michigan Avenue
Chicago, IL 60611
Founded in 1847
Key Executives for Tribune Media Company
Chief Financial Officer and Executive Vice President
Total Annual Compensation: $700.0K
President of Broadcast Media
Total Annual Compensation: $812.7K
Chief Strategy Officer, Executive Vice President, General Counsel and Corporate Secretary
Total Annual Compensation: $750.0K
Compensation as of Fiscal Year 2016.
Tribune Media Company Key Developments
Tribune Media Company Announces Amendments to Indenture Governing the 5.875% Senior Notes Due 2022
Jun 23 17
On June 21, 2017 the consent deadline for Tribune Media Company's previously announced consent solicitation with respect to its outstanding 5.875% Senior Notes due 2022 passed and holders of a majority of the outstanding principal amount of the Notes have delivered consents to the proposed amendments (the Amendments) to the indenture governing the Notes. On June 22, 2017, Tribune entered into the fourth supplemental indenture to the Indenture, dated as of June 24, 2015, among Tribune, the subsidiary guarantors from time to time parties thereto and The Bank of New York Mellon Trust Company, N.A., as trustee, governing the Notes, which effects the Amendments. The Amendments (i) eliminate any requirement for Tribune to make a Change of Control Offer to holders of the Notes in connection with the transactions contemplated by the previously announced agreement and plan of merger entered into on May 8, 2017 by and among Tribune, Sinclair Broadcast Group Inc. and Samson Merger Sub Inc., pursuant to which Merger Sub will be merged with and into Tribune (the Merger), with Tribune surviving the merger as a wholly-owned subsidiary of Sinclair, (ii) clarify the treatment under the Indenture of the proposed structure of the transaction and facilitate the integration of Tribune and its subsidiaries and the Notes with and into Sinclair's debt capital structure, and (iii) eliminate the expense associated with producing and filing with the Securities and Exchange Commission (the SEC) separate financial reports for Sinclair Television Group Inc. (STG), a wholly-owned subsidiary of Sinclair, as successor issuer of the Notes, if Sinclair or any other parent entity of the successor issuer of the Notes, in its sole discretion, provides an unconditional guarantee of the payment obligations of the successor issuer under the Notes. The Amendments will not become operative until immediately prior to the effective time of the Merger and will not become operative if the Merger is not consummated or the other conditions of the consent solicitation pursuant to which the Amendments were approved are not satisfied or waived.
Tribune Media Company Announces Consent Solicitation with Respect to its 5.875% Senior Notes Due 2022
Jun 13 17
Tribune Media Company announced that it has commenced a consent solicitation with respect to its 5.875% Senior Notes due 2022. Tribune is soliciting consents from holders of record of the Notes (the Noteholders) as of 5:00 p.m., New York City time, on June 12, 2017 (such date and time, the Record Date) to amend the Indenture governing the Notes, dated as of June 24, 2015 (as supplemented and amended, the Indenture), by and among Tribune, The Bank of New York Mellon Trust Company, N.A., as trustee (the Trustee), and certain subsidiaries of Tribune, as guarantors (the Subsidiary Guarantors) to eliminate any requirement for Tribune to make a Change of Control Offer to Noteholders in connection with the Transactions, clarify the treatment under the Indenture of the proposed structure of the Transactions and to facilitate the integration of Tribune and its subsidiaries and the Notes with and into Sinclair's debt capital structure, and eliminate the expense associated with producing and filing with the Securities and Exchange Commission (the SEC) separate financial reports for STG, as successor issuer of the Notes, if Sinclair or any other parent entity of the successor issuer of the Notes, in its sole discretion, provides an unconditional guarantee of the payment obligations of the successor issuer under the Notes (collectively, the Proposed Amendments). The Proposed Amendments will be effected by a supplemental indenture (the Supplemental Indenture) to the Indenture. In the event that certain conditions to the consent solicitation are satisfied or waived, including obtaining the valid and unrevoked consents from Noteholders as of the Record Date holding a majority in aggregate principal amount of the outstanding Notes (the Requisite Consents) on or prior to the Expiration Date, promptly after the Expiration Date Sinclair or STG will pay, or cause to be paid, to MacKenzie Partners Inc., as paying agent for the benefit of the Noteholders, on a pro rata basis, that have validly delivered (and not validly revoked) a properly completed Letter of Consent as of 5:00 p.m., New York City time, on June 21, 2017, unless extended or earlier terminated by Tribune with the prior written consent of Sinclair (such date and time, the Expiration Date) an aggregate consent payment of $8,250,000 (the Consent Payment).
Tribune Media Company Declares Quarterly Cash Dividend, Payable on June 6, 2017
May 10 17
On May 10, 2017, the Board of Directors of Tribune Media Company declared a quarterly cash dividend on the company's common stock of $0.25 per share to be paid on June 6, 2017 to holders of record of the company's common stock and warrants as of May 22, 2017, continuing the company's dividend program announced on March 6, 2015.
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