On the Record · Tribune Publishing

Tribune Publishing acquisitions, on the record

The businesses Tribune Publishing 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

Business	Deal	When	Value
BestReviews LLC Word for word“The total purchase price of $68.3 million consisted of $33.7 million in cash, less a post-closing working capital adjustment received from the seller of $0.6 million, and $34.6 million in common stock of the Company.” 10-K for 2018	acquisition	—	The total purchase price of $68.3 million
Virginian-Pilot Media Companies LLC Word for word“The purchase price was $34.0 million less a post-closing working capital adjustment of $0.1 million received from the seller.” 10-K for 2018	acquisition	—	The purchase price was $34.0 million less a post-closing working capital adjustment of $0.1 million received from the seller.
forsalebyowner.com Word for word“On May 23, 2018, the Company completed the sale of substantially all of the assets of forsalebyowner.com and on June 18, 2018, the Company completed the sale of the Los Angeles Times, The San Diego Union-Tribune and various other titles of the Company’s California properties (“California Properties”).” 10-K for 2018	divestiture	On May 23, 2018, the Company completed the sale of substantially all of the assets of forsalebyowner.com	—
California Properties (Los Angeles Times, The San Diego Union-Tribune and other California titles) sold to Nant Capital Word for word“On February 7, 2018, the Company entered into a Membership Interest Purchase Agreement (“MIPA”) by and between the Company and Nant Capital, LLC (“Nant Capital”), pursuant to which the Company would sell the California Properties to Nant Capital for an aggregate purchase price of $500 million in cash, plus the assumption of unfunded pension liabilities related to the San Diego Pension Plan, less closing balance sheet and other adjustments totaling $12.6 million, plus a post-closing working capital adjustment received from the buyer of $2.1 million (the "Nant Transaction").” 10-K for 2018	divestiture	—	aggregate purchase price of $500 million in cash
DNLP, owner of the New York Daily News Word for word“On September 3, 2017, the Company completed the acquisition of 100% of the partnership interests in DNLP, the owner of the New York Daily News in New York City, pursuant to the Partnership Interest Purchase Agreement dated September 3, 2017, for a cash purchase price of one dollar and assumption of various liabilities, subject to a post-closing working capital adjustment.” 10-K for 2018	acquisition	On September 3, 2017	a cash purchase price of one dollar and assumption of various liabilities, subject to a post-closing working capital adjustment
California Properties (Los Angeles Times, The San Diego Union-Tribune and other California titles) Word for word“On June 18, 2018, we completed the sale of the California Properties.” 10-K for 2019	divestiture	June 18, 2018	—
California Properties sold to Nant Capital, LLC Word for word“As part of the sale of the California Properties to Nant Capital, LLC (“Nant Capital”) pursuant to the Membership Interest Purchase Agreement dated February 7, 2018, by and between the Company and Nant Capital (“Nant Transaction”), the Company provided the buyer indemnification with respect to certain legal matters which were at various states of adjudication at the date of the sale.” 10-K for 2019	agreed divestiture	February 7, 2018	—
Virginian-Pilot Media Companies, LLC (The Virginian-Pilot) Word for word“On May 28, 2018, the Company acquired Virginian-Pilot Media Companies, LLC (“Virginian-Pilot”), the owner of The Virginian-Pilot daily newspaper based in Norfolk, Virginia, pursuant to a Securities Purchase Agreement, entered into on the same date, by and among the Company, Virginian-Pilot and Landmark Media Enterprises, LLC for a cash purchase price of $34.0 million, less a post-closing working capital adjustment of $0.1 million received from the seller.” 10-K for 2019	acquisition	On May 28, 2018	$34.0 million
BestReviews (60.0% membership interest) Word for word“On February 6, 2018, the Company acquired a 60.0% membership interest in BestReviews, a company engaged in the business of testing, researching and reviewing consumer products, pursuant to an Acquisition Agreement, entered into on the same date, among the Company, BestReviews Inc., a Delaware corporation, BestReviews and the stockholders of Best Reviews Inc. for a total purchase price of $68.3 million, consisting of $33.7 million in cash, less a post-closing working capital adjustment received from the seller of $0.6 million, and $34.6 million in common stock of the Company.” 10-K for 2019	acquisition	On February 6, 2018	$68.3 million
Daily News, L.P. (New York Daily News) Word for word“On September 3, 2017, the Company completed the acquisition of 100% of the partnership interests in Daily News, L.P. (“DNLP”), the owner of the New York Daily News in New York City, pursuant to the Partnership Interest Purchase Agreement dated September 3, 2017, for a cash purchase price of one dollar and assumption of various liabilities, subject to a post-closing working capital adjustment.” 10-K for 2019	acquisition	On September 3, 2017	a cash purchase price of one dollar and assumption of various liabilities

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash paid for acquisitions (net of cash acquired)	Goodwill from acquisitions
2016-12-25	$4.4 million	$6.5 million
2017-12-31	−$2.6 million	$171,000
2018-12-30	$37.8 million	$87.7 million
2019-12-29	$0	—
2020-12-27	$0	—

Deal filings since 2016

2021-05-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-05-25 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2021-04-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-02-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-12-31 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2020-12-17 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2020-07-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-07-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-12-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-06-20 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2018-05-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-05-23 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2018-02-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-02-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-02-07 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2017-12-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-09-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-09-05 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2017-03-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-12-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-05-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-05-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-02-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from Tribune Publishing’s annual reports (10-K for 2020, 10-K for 2019, 10-K for 2018) and the financial data it files with the SEC, as of 2021-03-08. 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.