Tribune Media Co.

Tribune Media Co.

Tribune Media Co.

Overview
Date Founded

1847

Headquarters

515 North State Street, Chicago, IL, 60654, USA

Type of Company

Public

Employees (Worldwide)

6,000

Industries

Cable, Satellite, and Radio Telecommunications
Media Conglomerates
Publishing
Internet Software & Services

Company Description

Tribune is one of the country’s leading multimedia companies, operating businesses in publishing, digital and broadcasting. In publishing, Tribune’s leading daily newspapers include the Los Angeles Times, Chicago Tribune, The Baltimore Sun, Sun Sentinel (South Florida), Orlando Sentinel, Hartford Courant, The Morning Call and Daily Press. The company’s broadcasting group operates 23 television stations, WGN America on national cable and Chicago’s WGN-AM. Popular news and information websites complement Tribune’s print and broadcast properties and extend the company’s nationwide audience

Contact Data
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Executives & Employees

Director, President & Chief Executive Officer

Chief Financial Officer & Executive Vice President

Chief Financial Officer & Executive Vice President

Executive Vice President, General Counsel & Corporate Secretary

Chief Technology Officer

Senior Vice President, Controller & Chief Accounting Officer

President Broadcast Media

President, WGN America & WGN Studios

President, Distribution Tribune Broadcasting

Senior Vice President-Corporate Relations & Head-Media Relations

Board of Directors

President & Chief Executive Officer at WNYC Radio

Co-Founder at New Form Productions LLC

Director, President & Chief Executive Officer at Tribune Media Co.

Former Chief Executive Officer & Publisher, Los Angeles Times at tronc, Inc.

Founder at Wentworth Capital Management

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Owners & Shareholders
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Oaktree Capital Management (OCM) provides overall discretionary management for accounts within six asset classes: Distressed Debt, Corporate Debt, Control Investing, Convertible Securities, Real Estate, and Listed Equities. The firm also manages accounts in the multi-asset solutions asset class, that afford exposure to different combinations of certain of the six asset classes. OCM generally uses fundamental analysis, and may engage in long-term or short-term purchases, trading (securities purchased and sold within 30 days), short sales in certain strategies, margin transactions, and option writing, including covered options, uncovered options or spreading strategies. OCM's distressed debt asset class includes distressed opportunities, value opportunities and emerging markets opportunities strategies. The firm's corporate debt asset class pursues investments in US high yield bonds, European high yield bonds, global high yield bonds, US senior loans, European senior loans, European high yield bonds and senior loans, US private debt, strategic credit, European private debt, and emerging markets debt total return. Their control investing asset class pursues investments in the following strategies: special situations, European principal power opportunities, and infrastructure investing. OCM's convertible securities asset class invests in US convertibles, non-US convertibles and high income convertibles. Their real estate asset class pursues investments in the following strategies: real estate opportunities, real estate value-add and real estate debt. OCM's listed equities asset class pursues investments in emerging markets absolute return opportunities, emerging markets equities, and value equities.

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Pentwater Capital Management seeks to provide clients with consistently superior risk-adjusted rates of return through implementing event-driven strategies. Their investment strategies generally focus on an event or a catalyst that will move an equity price, an equity spread, a credit spread, or an implied volatility spread. Their investment strategies may include: merger arbitrage, catalyst-driven credit investing, special situation investing and distressed investing. Catalyst events may include mergers, acquisitions, spin-offs, carve-outs, tender offers, split-off exchange offers, share class spreads, re-organizations and corporate distress. Pentwater seeks to trade in all forms of the capital structure of companies involved in catalysts and events and to create the best risk/reward trade possible within the corporate capital structure. Pentwater attempt to limit risk through diversification and hedging. The firm may choose to take control positions in an attempt to create their own catalyst or event. In managing the fund’s portfolio, Pentwater relies on fundamental analysis supplemented by quantitative analytics and portfolio management techniques. They take both long and short positions for their clients in a broad range of public and private debt securities, equity securities, options, derivatives and credit derivatives (including credit default swaps), trade claims, bank debt participations and other instruments. Pentwater invests within and outside of the US, as well as in issuers in various stages of financial distress.

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Magnetar Financial investment strategies are designed to achieve attractive risk-adjusted rates of return. Some of the funds and SMAs employ a multi-strategy approach, utilizing a wide range of strategies across a range of geographies, while others focus on one or just a few strategies. The funds and SMAs may hold both long and short positions in a broad range of securities, derivatives, and other assets. In executing their investment strategies, the funds and SMAs may enter into joint venture or co-investment arrangements, participate in pooled investment vehicles, invest with affiliated or unaffiliated advisors or managers, or make direct investments in operating entities. Magnetar may use leverage in the investing activities and may engage in short selling. The firm's main investment strategies can, generally, be divided into the following categories: relative-value, event-driven, directional, and hybrid and other strategies. Magnetar also offers a variety of trading techniques including: Convertible-Securities Arbitrage: Merger and Event-Driven Arbitrage: Volatility Arbitrage: Statistical Arbitrage; Capital-Structure Arbitrage; Equity Capital Markets Strategies: Privately-Sourced Transactions; Fundamental Long/Short: Option/Warrant Arbitrage: Directional Equity, Corporate Debt, Derivatives and Currencies; Energy Markets Investments; Credit Strategies; Derivatives Companies; Privatization Transactions, Aviation Investments; and Solar Energy-Related Investments.

Recent Transactions
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Meredith Corp. purchases KPLR-TV from Tribune Media Co.

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Insight Venture Partners, Bullhorn, Inc. purchase Jobscience, Inc. from Tribune Media Co.

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Tribune Media Co. issued Class A Voting Common Stock

Transaction Advisors
Legal Advisor

Advised onTribune Co. /Zell purchases Tribune Media Co.

Accountant

Advised onTribune Co. /Zell purchases Tribune Media Co.

Accountant

Advised onTribune Media Co. purchases Renaissance Communications Corp.

Legal Advisor

Advised onNielsen Holdings Plc purchases Tribune Media Co. /5 Subs from Tribune Media Co.

Legal Advisor

Advised onNielsen Holdings Plc purchases Tribune Media Co. /5 Subs from Tribune Media Co.

Legal Advisor

Advised onNielsen Holdings Plc purchases Tribune Media Co. /5 Subs from Tribune Media Co.

Advisors & Consultants
Legal Advisor

Partner at Jones Day

Advisor

Senior MD & Global Co-Head-Corporate Finance at FTI Consulting, Inc.

Legal Advisor

Partner at Baker & McKenzie LLP

Clients

DISH Network Corp. is a holding company, which engages in the provision of pay-tv services. It operates through Pay-TV and Broadband, and Wireless segments. The Pay-TV and Broadband segment is offered under the DISH brand and Sling brand. The Wireless segment refers to the wireless spectrum licenses and related assets. The company was founded by Charles W. Ergen, Cantey W. Ergen and James DeFranco in 1980 and is headquartered in Englewood, CO.

tronc, Inc. is a multiplatform media and marketing solutions company, which engages in the publication of daily newspapers and community publications. It operates through the troncM and troncX segments. The troncM segment comprises of the company's media groups excluding their digital revenues and related expenses, except digital subscription revenues when bundled with a print subscription. The troncX segment includes all digital revenues and related expenses of the company from local tronc websites, third party websites, mobile applications, digital only subscriptions, Tribune Content Agency, and forsalebyowner.com. The company was founded on November 21, 2013 and is headquartered in Chicago, IL.

True Corp. Public Co., Ltd. engages in the telecommunications and communication industries. The company provides telecommunications services and various value added services, which includes digital data network, public telephone, multimedia, Internet service provider, mobile phone service, and pay tv service. It operates through the following segments: TrueMobile Group, TrueOnline and TrueVisions. The TrueMobile Group segment engages in the mobile services through 4G, 3G and 2G networks nationwide under the brand TrueMove H and TrueMove. The TrueOnline segment engages in the fixed line phone and value added services, business data services, Internet, broadband Internet services and WiFi. The TrueVisions segment provides Pay TV and Digital TV businesses. The company was founded on November 13, 1990 and is headquartered in Bangkok, Thailand.

Key Stats and Financials As of 2017
Market Capitalization
$3.03B
Total Enterprise Value
$5.97B
Earnings Per Share
$1.82
Revenue
$1.85B
Net Profit
$160M
EBITDA
$310M
EBITDAMargin
16.75%
Total Debt
$2.92B
Total Equity
$3.22B
Enterprise Value Sales
3.23x
Enterprise Value EBITDAOperating
19.26x
TEVNet Income
37.17x
Debt TEV
0.49x
Five Year Compounded Annual Growth Rate Of Revenue
-10.08%
Three Year Compounded Annual Growth Rate Of Revenue
-1.75%
Investments
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BrassRing LLC used to provide recruiting solutions and talent relationship management software. Its clients were Time Warner, IKEA, ConAgra Foods Inc, RR Donnelly and Nissan Motor Co. The company had operations in the United States and Europe. BrassRing was founded in 1999 and was located in Waltham, MA.

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EDLM SARL publishes books and magazines. Its catalog includes genres such as photography, fine arts, fashion, design, history, society, and literature. The company was founded in 1992 and is headquartered in Paris, France.

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Dose Media LLC operates as a publishing platform. The firm offers digital media publishing services that allows users to create and share content to readers across websites, mobile sites, and applications. The company was founded by Emerson Spartz and Gaby Montero-Spartz in 2009 is headquartered in Chicago, IL.

Investors
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Chairman, President & Chief Executive Officer at Sports Venues of Florida, Inc.

Suppliers
The Walt Disney Company Entertainment | Wilmington, DE

The Walt Disney Co. is a diversified international family entertainment and media enterprise. It operates through four business segments: Media Networks, Parks & Resorts, Studio Entertainment and Consumer Products & Interactive Media. The Media Networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, radio networks and stations. The Parks and Resorts segment owns and operates the Walt Disney World Resort in Florida; the Disneyland Resort in California; Aulani, a Disney Resort & Spa in Hawaii; the Disney Vacation Club; the Disney Cruise Line; and Adventures by Disney. The Studio Entertainment segment produces and acquires live-action and animated motion pictures, direct-to-video content, musical recordings and live stage plays. This segment distributes films primarily under the Walt Disney Pictures, Pixar, Marvel, Lucasfilm and Touchstone banners. The Consumer Products and Interactive Media segment licenses the company's trade names, characters and visual and literary properties to various manufacturers, game developers, publishers and retailers throughout the world. It also develops and publishes games, primarily for mobile platforms, and books, magazines and comic books. This segment also distributes branded merchandise directly through retail, online and wholesale businesses. The Walt Disney was founded by Walter Elias Disney on October 16, 1923 and is headquartered in Burbank, CA.

Twenty-First Century Fox, Inc. News & Digital Content | Wilmington, DE

Twenty-First Century Fox, Inc. is a media company, which engages in television broadcasting and film production. It operates through the following segments: Cable Network Programming; Television; Filmed Entertainment; Direct Broadcast Satellite Television, and Other Corporate and Eliminations. The Cable Network Programming segment consists of the production and licensing of programming distributed through cable television systems and direct broadcast satellite operators. The Television segment offers broadcasting of network programming. The Filmed Entertainment offers production and acquisition of live-action and animated motion pictures for distribution and licensing in entertainment media. The Direct Broadcast Satellite Television segment involves in the distribution of basic and premium programming services via satellite and broadband directly to subscribers. The Other, Corporate and Eliminations segment comprises of corporate overhead and eliminations. The company was founded in 1979 and is headquartered in New York, NY.

Comcast Corporation Internet Software & Services | Philadelphia, PA

Comcast Corporation (Nasdaq: CMCSA, CMCSK) is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. Comcast Cable is the nation’s largest video, high-speed Internet and phone provider to residential customers under the XFINITY brand as well as to businesses. NBCUniversal operates 30 news and entertainment cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures and Universal Parks & Resorts.

Competitors
Twenty-First Century Fox, Inc. Entertainment - Wilmington, DE

Twenty-First Century Fox, Inc. is a media company, which engages in television broadcasting and film production. It operates through the following segments: Cable Network Programming; Television; Filmed Entertainment; Direct Broadcast Satellite Television, and Other Corporate and Eliminations. The Cable Network Programming segment consists of the production and licensing of programming distributed through cable television systems and direct broadcast satellite operators. The Television segment offers broadcasting of network programming. The Filmed Entertainment offers production and acquisition of live-action and animated motion pictures for distribution and licensing in entertainment media. The Direct Broadcast Satellite Television segment involves in the distribution of basic and premium programming services via satellite and broadband directly to subscribers. The Other, Corporate and Eliminations segment comprises of corporate overhead and eliminations. The company was founded in 1979 and is headquartered in New York, NY.

CBS Corp. Media Conglomerates - Chicago, IL

CBS Corporation is a mass media company that creates and distributes industry-leading content across a variety of platforms to audiences around the world. The Company has businesses with origins that date back to the dawn of the broadcasting age as well as new ventures that operate on the leading edge of media. CBS owns the most-watched television network in the U.S. and one of the world’s largest libraries of entertainment content, making its brand – “the Eye” – one of the most recognized in business. The Company’s operations span virtually every field of media and entertainment, including cable, publishing, radio, local TV, film, outdoor advertising, and interactive and socially responsible media. CBS’s businesses include CBS Television Network, The CW (a joint venture between CBS Corporation and Warner Bros. Entertainment), Showtime Networks, CBS Sports Network, TVGN (a joint venture between CBS Corporation and Lionsgate), Smithsonian Networks, Simon & Schuster, CBS Television Stations, CBS Radio, CBS Outdoor, CBS Television Studios, CBS Global Distribution Group (CBS Studios International and CBS Television Distribution), CBS Interactive, CBS Consumer Products, CBS Home Entertainment, CBS Films and CBS EcoMedia.

Comcast Corporation Entertainment - Philadelphia, PA

Comcast Corporation (Nasdaq: CMCSA, CMCSK) is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. Comcast Cable is the nation’s largest video, high-speed Internet and phone provider to residential customers under the XFINITY brand as well as to businesses. NBCUniversal operates 30 news and entertainment cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures and Universal Parks & Resorts.

Awards & Honors
Rank #969
2016
Fortune Magazine - Fortune 1000 Companies
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