Tribune Media Profit Falls Amid Higher Programming Expenses
Tribune Media, which has agreed to be acquired by broadcasting giant Nexstar Media Group for $4.1 billion, reported lower, but better-than-expected second-quarter earnings as higher retransmission and carriage revenue was more than offset by lower political advertising and other revenue, as well as higher programming expenses.
Nexstar to Sell 19 TV Stations for $1.32 Billion
Nexstar Media Group said Wednesday that it has struck deals to sell 19 local TV stations in 15 markets for $1.32 billion, making good on its promise to sell assets after its $4.1 billion deal to buy Tribune Media.
Sinclair and Tribune Sell 23 Stations in Quest for Merger Approval
Sinclair had hoped to close its acquisition of Tribune before the end of 2017, though regulators have stalled amid complaints.
Ion Media Buys Three TV Stations, Bringing Total to 63
The acquisitions come as a new wave of broadcast industry consolidation may follow Sinclair's recent deal for Tribune Media due to FCC rule changes.
Matt Cherniss Exits as WGN America President
The news comes after Sinclair Broadcast Group acquired Tribune Media and shifted the cabler's focus to "cost-effective originals and reruns," with WGN America now completely out of the scripted originals business.
Tribune Media Swings to First-Quarter Loss
The company, led by interim CEO Peter Kern, posts a 9 percent advertising revenue drop.
Tribune Media Cuts 2016 Outlook Citing Political Ads as Quarterly Earnings Come in Below Estimates
CEO Peter Liguori said Donald Trump's "unique candidacy," including unprecedented use of free media, depressed political ad spending.
Tribune Media Completes Three Real Estate Sales for $430M
The deals cover the iconic Tribune Tower in Chicago, the entertainment company's Los Angeles Times Square property and the Olympic Plant in L.A.
Dish Network and Tribune Broadcasting Reach Carriage Agreement
WGN America will be restored to Dish customers within the day.
‘The Goldbergs’ Scores Tribune Syndication Deal
Eighteen Tribune stations across the country will air repeats of the Adam F. Goldberg-created ABC family comedy.
Tribune Media Stations, WGN America Go Dark on Dish Network
"Dish refuses to reach an agreement based on fair-market value," says the station group, while the pay TV giant says "Tribune is seeking a significant rate increase despite decreasing viewership."
Craig Ferguson’s ‘Celebrity Name Game’ Lands at Tribune
The half-hour syndicated pop culture game show has been sold to stations covering 40 percent of the country.