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Company Description

Contact Info

435 North Michigan Avenue

Chicago, IL 60611

United States

Phone: 212-210-2786


Tribune Media Company operates as a diversified media and entertainment company. The company’s segments include Television and Entertainment, and Digital and Data. Television and Entertainment: This segment consists of various businesses, such as television broadcasting services through Tribune Broadcasting, which owns or provides services to 42 broadcast television stations and related Websites in 33 U.S. markets; digital multicast network services through Antenna TV and through the operation and distribution of THIS TV, both of which are digital networks that air in households nationally; national program services through WGN America, a national general entertainment cable network; Tribune Studios, a development and production studio; Zap2it, a Website dedicated to entertainment content; and radio program services on WGN-AM, a Chicago radio station. Tribune Broadcasting The company’s broadcast television stations serve the local communities in which they operate by providing locally produced news and special interest broadcasts, as well as syndicated programming. Tribune Broadcasting owns or provides certain services to 42 local television stations, reaching approximately 50 million households nationally. The company’s television stations, including the 3 stations to which it provides certain services under shared services agreements (SSAs) with Dreamcatcher, consist of 14 FOX Broadcasting Company (FOX) television affiliates, 13 The CW Network, LLC (CW) television affiliates, 6 CBS Corporation (CBS) television affiliates, 3 American Broadcasting Company (ABC) television affiliates, 2 National Broadcasting Company (NBC) television affiliates and 4 independent television stations. Its affiliates represent all of the major over-the-air networks, and the company owns or operates local television stations in each of the nation’s major markets. The company’s television and radio stations are operated pursuant to licenses granted by the Federal Communications Commission (FCC). Under rules promulgated and enforced by the FCC, each of the company’s television stations has 6 megahertz of spectrum. Its television and radio operations are broadly regulated by the FCC, subject to ongoing rule changes, and subject to periodic renewal. The company’s television station group’s broadcast programming is received by a majority of the audience via multichannel video programming distributors (MVPDs), which include cable television systems, direct broadcast satellite providers and wireline providers who pay it to offer its programming to their customers. Programming The company sources programming for its 39 Tribune Broadcasting-owned stations from various sources, such as news and entertainment programs that are developed and executed by the local television stations; acquired and original syndicated programming; programming received from its network affiliates that is retransmitted by its local television stations (primarily prime time and sports programming); and paid programming. The company produces approximately 79,000 hours of news annually in its 33 U.S. markets. For those stations with which the company has a network affiliation, certain programming is acquired from the affiliated network, including FOX, CW, CBS, NBC and ABC. Network affiliation agreements dictate what programs are aired at specific times of the day, primarily during prime time. The company’s network affiliated stations are largely dependent upon the performance of network provided programs to attract viewers. In addition, its stations air paid-programming whereby third parties pay the company’s local television stations for a block of time to air long-form advertising. The content is a commercial message designed to represent the viewpoints and to serve the interest of the sponsor. The company provides technical, promotional, back-office, distribution and limited programming services for the Dreamcatcher Stations. Tribune Broadcasting The company’s television stations derive a majority of their revenue from local and national broadcasting advertising and retransmission consent revenues. Other sources of revenue include barter/


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Price/Sales 1.5x
Price/Book 0.9x
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