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Tribune Broadcasting/Tribune Entertainment /Tribune Studios History Logo

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 Tronc, Inc. (formerly called 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 Main article: Tribune Broadcasting The company entered broadcasting in 1924 by leasing WDAP, one of Chicago's first radio stations. Tribune later changed the station's call letters to WGN, reflecting the Tribune's nickname, "World's Greatest Newspaper." WGN was purchased by the company in 1926 and went on to be first in the radio industry. Main article: Tribune Entertainment Tribune Entertainment was Tribune's television production, syndication and advertising sales subsidiary. Founded in 1981, this subsidiary produced and/or distributed several first-run syndicated programs including most notably Geraldo, Soul Train and the U.S. Farm Report; Tribune Entertainment's production and syndication divisions were shut down in December 2007. Tribune Studios Tribune Studios Type Division Industry Television Founded Chicago, United States (March 19, 2013) Key people Matt Cherniss (president)[12] Production output TV shows Parent Tribune Broadcasting (sale to Sinclair Broadcast Group pending) On March 19, 2013, Tribune appointed Warner Bros. executive Matt Cherniss as president/general manager of a newly-formed production division called Tribune Studios (not to be confused with the physical Sunset Bronson Studios, which formerly held the Tribune Studios name and continues to house the facilities of Tribune's KTLA). Tribune Studios will produce programs primarily for the company's 23 television stations and WGN America, some of which will receive national distribution. The initial programs produced by the company starting with the 2012-13 season will include The Bill Cunningham Show (originated through Tribune Broadcasting, now produced by ITV Studios America), The Robert Irvine Show The Arsenio Hall Show and The Test (the latter two programs were co-productions with CBS) Tribune Studios's first original drama, since its formation,for its sister company WGN America was Manhattan which aired from 2014 to 2015 for 2 seasons.Tribune Broadcasting 1981 36 years ago Tribune Entertainment 1980–2007 Tribune Studios 2013–present http://www.tribunemedia.com/