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Thursday, December 27, 2007

Tribune Company Assets

SUMMARY OF WHAT THEY OWN:

23 TV stations--Major carrier of the CW Network, which is owned by CBS and Time-Warner

1 radio station in Chicago

13 daily newspapers mostly in big markets

1 nationwide cable channel-WGN

According to wikipedia:

The Tribune Company (NYSE: TRB) is a large American multimedia corporation based in Chicago, Illinois. It is the nation's second-largest newspaper publisher, responsible for the Chicago Tribune, Los Angeles Times, Newsday, Hartford Courant, and the Baltimore Sun, among others. Through other subsidiaries, the Tribune Company also owns Tribune Broadcasting, Tribune Entertainment, Tribune Media Services, and the Chicago Cubs baseball team.

On April 2, 2007, Chicago-based investor Sam Zell announced plans to buy out the media company for $34.00 a share, totalling $8.2 billion. Zell will also turn the company private. The deal is expected to be completed some time in the fourth quarter of 2007[1], and was approved by 97% of the Company's shareholders on August 21, 2007[2]. Upon completion of the transaction, Tribune will divest itself of the Chicago Cubs and its 25 percent interest in Comcast SportsNet Chicago, and possibly Wrigley Field.

The deal was approved by 97% of the Company's shareholders on August 21, 2007.[1] Privatization of the Tribune Company occurred on December 20, 2007 with termination of trading in Tribune stock at the close of the market.[2]

On 21 December 2007, Tribune and Local TV announced plans to collaborate in the formation of an as yet unnamed "broadcast management company".[3]

Television:

CW Stations:

  • WPIX 11 - New York
  • KTLA 5 - Los Angeles
  • WGN 9 - Chicago (Tribune's flagship TV station)
  • KDAF 33 - Dallas
  • WDCW 50 - Washington
  • KHCW 39 - Houston
  • WSFL 39 - Miami/Ft. Lauderdale
  • KWGN 2 - Denver
  • WTTV 4 - Bloomington/Indianapolis
  • KSWB 69 - San Diego
  • WTXX 20 - Waterbury/Hartford/New Haven
  • WNOL 38 - New Orleans
  • KPLR 11 - St. Louis
  • KRCW 32 - Portland, OR

Fox Stations:

  • KCPQ 13 - Tacoma/Seattle
  • KTXL 40 - Sacramento
  • WXIN 59 - Indianapolis
  • WTIC 61 - Hartford/New Haven
  • WXMI 17 - Grand Rapids/Kalamazoo, MI
  • WPMT 43 - York/Harrisburg, PA

ABC Station:

  • WGNO 26 - New Orleans

MyNetworkTV Stations:

  • WPHL 17 - Philadelphia
  • KMYQ 22 - Tacoma/Seattle

Other TV Assets:

  • Tribune Entertainment
  • Andromeda
  • Mutant X
  • BeastMaster
  • Family Feud
  • South Park
  • Soul Train
  • Candid Camera
  • Ron Hazelton: House Calls
  • Pet Keeping City Guys
  • Earth: Final Conflict

Cable Channels:

  • Superstation WGN
  • Chicagoland's Television
  • Tribune Broadcasting
  • Once owned 1/3rd of the Food Network, but it’s now owned by Scripps co.
  • Radio WGN (AM) – Chicago

Newspapers:

  • Newsday (Long Island, NY)
  • Los Angeles Times
  • Chicago Tribune
  • The Redeye
  • Baltimore Sun
  • AM New York
  • South Florida Sun-Sentinel
  • Orlando Sentinel
  • The Hartford Courant
  • The Morning Call (Allentown, PA)
  • Daily Press (Newport News, VA)
  • The Advocate (Stamford, CT)--sold 2007
  • Greenwich Time (CT)--sold 2007
  • Hoy (newspaper)
  • El Sentinel (Orlando)

Other:

  • Chicago Cubs (and Wrigley Field)
  • Tribune Media Services
  • Classified Ventures, LLC (partial)
  • CareerBuilder (partial)
  • Brass Ring
  • Zap2it
  • Chicago magazine
  • Forsalebyowner.com
  • Channel Guide Magazine

Former Tribune Properties:

Television:

(Station and Market Former and Current Affiliations Sold to...) WATL, Atlanta, GA WB/MyNet Sold to Gannett Corporation in 2006 WCWN, Albany, NY WB/CW Sold to Freedom Communications in 2006 WGCL (formerly WGNX), Atlanta, GA Ind./CBS traded to Meredith Corporation in 1999 WLVI, Boston, MA WB/CW Sold to Sunbeam Television in 2006

-10/2007 Time Media sells the Recycler Classifieds to Target Media Partners. Recycler publishes 4 ad papers, and 11 weekly or bi-weekly photo ad and employment guides in Southern California.

-10/2007 The Tribune Company sells its two southern Connecticut daily papers, the Greenwich Time and The Advocate of Stamford, to Hearst Corp. for $62.4 million. The papers will be managed by MediaNews Group.

SOURCE: GREED WATCH

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