Tribune Media Co.

Tribune Media Co.

Tribune Media Co.

Overview
Date Founded

1968

Headquarters

515 NORTH STATE STREET, SUITE 2400, CHICAGO, IL, 60654

Type of Company

Public

Employees (Worldwide)

5,800

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

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Executives & Employees

Director & Chief Executive Officer

Chief Financial Officer & Executive Vice President

Chief Technology Officer

Senior Vice President, Controller & Chief Accounting Officer

President Broadcast Media

President-WGN America & Tribune Studios

President, Distribution Tribune Broadcasting

Senior Vice President-Corporate Relations & Head-Media Relations

Legal & Regulatory Advisor

Senior Account Executive

Board of Directors

President & Chief Executive Officer at WNYC Radio

Co-Founder at New Form Productions LLC

Director & Chief Executive Officer at Tribune Media Co.

Founder at Wentworth Capital Management

Senior Advisor at The Boston Consulting Group, Inc.

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Owners & Shareholders
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The Baupost Group employs a value-oriented, multi-strategy investment approach that seeks to invest their capital to achieve attractive risk-adjusted returns over an extended period of time. The firm seek to invest in assets which are undervalued relative to their market price. The Baupost Group invest, either directly or indirectly, in securities and other assets that have some or all of the following characteristics: (1) they are currently out-of-favor, but have good prospects (2) they sell at a significant discount to underlying economic value (3) they have catalysts in place for the realization of underlying value (4) they are highly complex (5) they are somewhat or highly illiquid and (6) they sell at prices below what would reasonably be expected due to market imperfections and inefficiencies, including but not limited to temporary supply demand imbalances, information gaps, and selling pressures. They invest across a range of financial instruments, asset classes and geographic regions. Investments may include securities and assets of all types, including, but not limited to, stock (common, preferred and convertible), warrants, options, swaps, trade claims, bank debt, bonds, other debt instruments including self-originated loans, currency, futures, derivatives, commodities, contract rights, royalty interests, non-US securities and other assets (including in emerging markets), structured investment vehicles, secured and unsecured instruments, ABS, CMBS, RMBS, real estate and related instruments, other complex financial instruments and rights and distressed assets. Securities may be listed or traded on domestic or non-US exchanges or other trading networks (including OTC markets), as well as securities that are unlisted and trade infrequently or not at all.

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OCM uses fundamental analysis and may engage in long term or short term purchases, trading, short sales in certain strategies, margin transactions, and option writing, including covered options, uncovered options or spreading strategies. They manage assets across a wide range of investment strategies within four asset classes: credit, private equity, real assets and listed equities. The firm provides overall discretionary management for accounts within six asset classes: Distressed Debt, Corporate Debt, Control Investing, Convertible Securities, Real Estate, and Listed Equities. OCM's research revolves around enumerating the elements required and identifying investment candidates through which they seek to satisfy those requirements.

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Magnetar Financial implements a variety of different strategies in managing private investment funds and separately managed accounts (SMAs) which 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. It 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 Financial may use leverage in the investing activities and may engage in short selling. The firm's main investment strategies are divided into the following categories: relative-value, event-driven, directional, hybrid and other investment strategies.

Recent Transactions
Details Hidden

Nexstar Media Group, Inc. purchases Tribune Media Co.

Details Hidden

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

Details Hidden

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

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 onNexstar Media Group, Inc. purchases Tribune Media Co.

Legal Advisor

Advised onNexstar Media Group, Inc. purchases Tribune Media Co.

Legal Advisor

Advised onNexstar Media Group, Inc. purchases 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 Wireless segments. The Pay-TV 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.

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.

Tribune Publishing Co. 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 in 1847 and is headquartered in Chicago, IL.

Key Stats and Financials As of 2018
Market Capitalization
$4.05B
Total Enterprise Value
$5.86B
Earnings Per Share
$4.67
Revenue
$2.01B
EBITDAMargin
28.99%
Net Profit
$412M
EBITDA
$583M
Total Debt
$2.93B
Total Equity
$3.52B
Debt TEV
0.5x
TEVNet Income
14.22x
Enterprise Value EBITDAOperating
10.06x
Enterprise Value Sales
2.92x
Five Year Compounded Annual Growth Rate Of Revenue
-7.09%
Three Year Compounded Annual Growth Rate Of Revenue
-0.01%
Investments
Details Hidden

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
Details Hidden

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

Suppliers
The Walt Disney Company Entertainment | BURBANK, CA

The Walt Disney Co. is a diversified international family entertainment and media enterprise. It operates through the following 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 | New York, New York

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; and Other, Corporate and Eliminations. The Cable Network Programming segment is consist of the production and licensing of pragramming distributed primarily through cable television systems, direct broadcast satellite operators, telecommunication companies, and online video distributors. The Television segment is comprised of the broadcasting of networking programming in the U.S and the operation of broadcast television stations, including duopolies in the U.S. The Filmed Entertainment segment refers to the production and acquisition of live-action and animated motion pictures for distribution and licensing in all formats in all entertainment media worldwide, and the production and licensing of television programming worldwide. The Other, Corporate and Eliminations encompasses the corporate overhead costs and intercompany 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 - New York, New York

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; and Other, Corporate and Eliminations. The Cable Network Programming segment is consist of the production and licensing of pragramming distributed primarily through cable television systems, direct broadcast satellite operators, telecommunication companies, and online video distributors. The Television segment is comprised of the broadcasting of networking programming in the U.S and the operation of broadcast television stations, including duopolies in the U.S. The Filmed Entertainment segment refers to the production and acquisition of live-action and animated motion pictures for distribution and licensing in all formats in all entertainment media worldwide, and the production and licensing of television programming worldwide. The Other, Corporate and Eliminations encompasses the corporate overhead costs and intercompany eliminations. The company was founded in 1979 and is headquartered in New York, NY.

AT&T, Inc. Computer Software - Dallas, TX

AT&T, Inc. is a holding company, which engages in the provision of telecommunications media and technology service. It operates through the following four segments: Communications, Warner Media, Latin America and Xandar. The Communications segment provides services to businesses and consumers located in the U.S., or in U.S. territories, and businesses globally. The Warner Media segment develops, produces and distributes feature films, television, gaming and other content over various physical and digital formats. The Latin America segment provides entertainment and wireless services outside of the U.S. The Xandar segment provides advertising services. The company was founded in 1983 and is headquartered in Dallas, TX.

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
Sponsored by Fortune Magazine
This web site is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by Tribune Media Co.. The use of any trade name or trademark is for identification and reference purposes only and does not imply any association with the trademark holder. The Presence of Tribune Media Co.'s profile does not indicate a business or promotional relationship of any kind between RelSci and Tribune Media Co..
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