CHICAGO, Dec. 6 /-- Tribune Company (NYSE: TRB) today announced that it has completed the sale of WCWN-TV (channel 45), Albany, to Freedom Communications, Inc. for $17 million in cash.
In addition to WCWN, Tribune expects the sale of WLVI-TV, Boston, to close this month. To date, the company has sold or agreed to sell approximately $450 million of non-core assets.
TRIBUNE (NYSE: TRB) is one of the country's top media companies, operating businesses in publishing, interactive and broadcasting. It reaches more than 80 percent of U.S. households and is the only media organization with newspapers, television stations and websites in the nation's top three markets. In publishing, Tribune's leading daily newspapers include the Los Angeles Times, Chicago Tribune, Newsday (Long Island, N.Y.), The Sun (Baltimore), South Florida Sun-Sentinel, Orlando Sentinel and Hartford Courant. The company's broadcasting group operates 24 television stations, Superstation WGN on national cable, Chicago's WGN-AM and the Chicago Cubs baseball team. Popular news and information websites complement Tribune's print and broadcast properties and extend the company's nationwide audience.
SOURCE Tribune Company