Stratrix
On the Record · Tribune Media

Tribune Media acquisitions, on the record

The businesses Tribune Media bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
Local TV
Word for word“On December 27, 2013, pursuant to a securities purchase agreement dated as of June 29, 2013, we acquired all of the issued and outstanding equity interests in Local TV, including the subsidiaries Local TV, LLC and FoxCo Acquisition, LLC, for $2.8 billion in cash, net of working capital and other closing adjustments (the "Local TV Acquisition").” 10-K for 2016
acquisitionOn December 27, 2013$2.8 billion in cash, net of working capital and other closing adjustments
Gracenote Companies (Gracenote Sale)
Word for word“On January 31, 2017, we completed the Gracenote Sale.” 10-K for 2016
divestitureOn January 31, 2017—
Dreamcatcher Stations (WTKR-TV, WGNT-TV, WNEP-TV)
Word for word“Concurrently with the Local TV Acquisition, Dreamcatcher Broadcasting LLC ("Dreamcatcher") acquired the FCC licenses and certain other assets and liabilities of Local TV's television stations WTKR-TV, Norfolk, VA, WGNT-TV, Portsmouth, VA and WNEP-TV, Scranton, PA (collectively, the "Dreamcatcher Stations") (the "Dreamcatcher Transaction").” 10-K for 2016
divestitureConcurrently with the Local TV Acquisition—
Infostrada Sports, SportsDirect, Covers Media Group and Enswers
Word for word“The total acquisition price for Infostrada Sports, SportsDirect, Covers and Enswers totaled $70 million, net of cash acquired.” 10-K for 2016
acquisition—$70 million, net of cash acquired
Gracenote, What's ON, Baseline and HWW
Word for word“The total acquisition price for Gracenote, What's ON, Baseline and HWW totaled $252 million, net of cash acquired.” 10-K for 2016
acquisition—$252 million, net of cash acquired
Capital-Gazette Communications, LLC and Landmark Community Newspapers of Maryland, LLC (Landmark Acquisition)
Word for word“Additionally, in 2014, we completed an acquisition of the issued and outstanding limited liability company interests of Capital-Gazette Communications, LLC and Landmark Community Newspapers of Maryland, LLC from Landmark Media Enterprises, LLC (the "Landmark Acquisition") for $29 million, net of cash acquired.” 10-K for 2016
acquisitionIn 2014$29 million, net of cash acquired
Classified Ventures (CV), 27.8% equity interest
Word for word“On October 1, 2014, we sold our 27.8% equity interest in CV to TEGNA.” 10-K for 2016
divestitureOn October 1, 2014—
3% interest in Newsday
Word for word“On September 2, 2015, we sold our 3% interest in Newsday.” 10-K for 2016
divestitureOn September 2, 2015—
Real estate properties (Tribune Tower, LA Times Property, Olympic Printing Plant facility)
Word for word“In 2016, we sold several properties for net pretax proceeds of $506 million and recognized a net pretax gain of $213 million , as further described in “Item 7.” 10-K for 2016
divestitureIn 2016net pretax proceeds of $506 million
Gracenote Digital and Data business (equity interests in substantially all of the Digital and Data business sold to Nielsen Holding and Finance B.V.)
Word for word“On January 31, 2017, we completed the Gracenote Sale and on July 31, 2017, we sold a majority of our interest in CareerBuilder to an investor group led by investment funds managed by affiliates of Apollo Global Management, LLC and the Ontario Teachers’ Pension Plan Board.” 10-K for 2017
agreed divestitureOn January 31, 2017, we completed the Gracenote Sale—
Majority interest in CareerBuilder
Word for word“On January 31, 2017, we completed the Gracenote Sale and on July 31, 2017, we sold a majority of our interest in CareerBuilder to an investor group led by investment funds managed by affiliates of Apollo Global Management, LLC and the Ontario Teachers’ Pension Plan Board.” 10-K for 2017
divestitureJuly 31, 2017—
Local TV (Local TV, LLC and FoxCo Acquisition, LLC)
Word for word“On December 27, 2013, pursuant to a securities purchase agreement dated as of June 29, 2013, we acquired all of the issued and outstanding equity interests in Local TV, including the subsidiaries Local TV, LLC and FoxCo Acquisition, LLC, for $2.8 billion in cash, net of working capital and other closing adjustments (the “Local TV Acquisition”).” 10-K for 2017
acquisitionOn December 27, 2013$2.8 billion in cash, net of working capital and other closing adjustments
Dreamcatcher Stations (WTKR-TV, WGNT-TV, WNEP-TV) FCC licenses and certain assets, sold to Dreamcatcher Broadcasting LLC
Word for word“Concurrently with the Local TV Acquisition, Dreamcatcher Broadcasting LLC (“Dreamcatcher”) acquired the FCC licenses and certain other assets and liabilities of Local TV’s television stations WTKR-TV, Norfolk, VA, WGNT-TV, Portsmouth, VA and WNEP-TV, Scranton, PA (collectively, the “Dreamcatcher Stations”) (the “Dreamcatcher Transaction”).” 10-K for 2017
divestitureConcurrently with the Local TV Acquisition—
Newsday 3% interest (partnership interest)
Word for word“As described in Note 8 to our audited consolidated financial statements, on September 2, 2015, we sold our 3% interest in Newsday.” 10-K for 2017
divestitureon September 2, 2015—
CareerBuilder
Word for word“On July 31, 2017, we sold a majority of our ownership interest in CareerBuilder, and on September 13, 2018, we sold our remaining ownership interest in CareerBuilder to an investor group led by investment funds managed by affiliates of Apollo Global Management, LLC and the Ontario Teachers’ Pension Plan Board.” 10-K for 2018
divestitureSeptember 13, 2018—
5% membership interest in CEV LLC
Word for word“The transaction was completed on January 22, 2019 , and we received pretax proceeds of $107.5 million , as further described in “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Significant Events—Chicago Cubs Transactions.”” 10-K for 2018
divestitureJanuary 22, 2019$107.5 million
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)
2016-12-31$0
2017-12-31$0

Deal filings since 2016

Read from Tribune Media’s annual reports (10-K for 2018, 10-K for 2017, 10-K for 2016) and the financial data it files with the SEC, as of 2019-03-01. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.