Tribune Media Co.

Tribune Media Co.

Tribune Media Co.

Overview
Date Founded

1968

Headquarters

435 NORTH MICHIGAN AVENUE, CHICAGO, IL, 606114041

Type of Company

Public

Employees (Worldwide)

5,800

Industries

Cable, Satellite, and Radio Telecommunications
Media Conglomerates
Publishing
Internet Software & Services

Company Description

Tribune is one of the country’s leading multimedia companies, operating businesses in publishing, digital and broadcasting. In publishing, Tribune’s leading daily newspapers include the Los Angeles Times, Chicago Tribune, The Baltimore Sun, Sun Sentinel (South Florida), Orlando Sentinel, Hartford Courant, The Morning Call and Daily Press. The company’s broadcasting group operates 23 television stations, WGN America on national cable and Chicago’s WGN-AM. Popular news and information websites complement Tribune’s print and broadcast properties and extend the company’s nationwide audience

Contact Data
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Executives & Employees

Director & Chief Executive Officer

Chief Financial Officer & Executive Vice President

Chief Technology Officer

Senior Vice President, Controller & Chief Accounting Officer

Chief Product Officer

President Broadcast Media

President, Distribution Tribune Broadcasting

Senior Vice President-Corporate Relations & Head-Media Relations

Legal & Regulatory Advisor

Senior Account Executive

Board of Directors

President & Chief Executive Officer at WNYC Radio

Co-Founder at New Form Productions LLC

Director & Chief Executive Officer at Tribune Media Co.

Founder at Wentworth Capital Management

Senior Advisor at The Boston Consulting Group, Inc.

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Owners & Shareholders
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Magnetar Financial implements a variety of different strategies in managing private investment funds and separately managed accounts (SMAs) which designed to achieve attractive risk-adjusted rates of return. Some of the funds and SMAs employ a multi-strategy approach, utilizing a wide range of strategies across a range of geographies, while others focus on one or just a few strategies. It may hold both long and short positions in a broad range of securities, derivatives, and other assets. In executing their investment strategies, the funds and SMAs may enter into joint venture or co-investment arrangements, participate in pooled investment vehicles, invest with affiliated or unaffiliated advisors or managers, or make direct investments in operating entities. Magnetar Financial may use leverage in the investing activities and may engage in short selling. The firm's main investment strategies are divided into the following categories: relative-value, event-driven, directional, hybrid and other investment strategies.

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FEC's provides investment management services to the global funds and special opportunities fund. For global funds, the firm's investment strategy is to generate superior and sustainable risk-adjusted absolute returns for investors, while focusing on risk management. They seek to identify and exploit asymmetric risk-reward opportunities across global markets that generate alpha on both the long and short sides through a core focus on fundamental research. They select a variety of investments including equity and equity-related securities that are traded publicly and privately in US and non-US markets, preferred stocks, convertible securities, warrants, rights, options, swaps and other derivative instruments, bonds and other fixed income securities, non-US currencies, futures, options on futures, other currency and commodity interests, money market instruments and any other instruments deemed appropriate by the firm, in order to seek to both maximize returns and minimize risk. The investment strategy of FEC for special opportunities fund is to generate superior and sustainable risk-adjusted absolute returns for investors by identifying and exploiting asymmetric risk-reward opportunities across global markets. The fund is expected to pursue global opportunistic investing across asset classes, capital structures and geographies with a primary, although not exclusive, focus in private equity investments. The special opportunities fund may also pursue investments in public equities, debt instruments or other asset classes on an opportunistic basis.

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Water Island Capital specializes in event-driven investing strategies, including strategies focused on merger arbitrage, equity special situations, and credit opportunities. These strategies are available to prospective institutional and retail clients through public mutual funds, institutional separate accounts and private funds. Water Island may use derivatives, such as options, as well as short selling or purchase of related securities and those of peer companies, to isolate the outcome of the investment in a particular \"event\" from the broader directional moves of the securities markets. The Arbitrage Funds currently offer four series: The Arbitrage Fund, The Arbitrage Event-Driven Fund, The Arbitrage Tactical Equity Fund and The Arbitrage Credit Opportunities Fund.

Recent Transactions
Details Hidden

Nexstar Media Group, Inc. purchases Tribune Media Co.

Details Hidden

Meredith Corp. purchases KPLR-TV from Tribune Media Co.

Details Hidden

Insight Venture Partners, Bullhorn, Inc. purchase Jobscience, Inc. from Tribune Media Co.

Transaction Advisors
Legal Advisor

Advised onTribune Co. /Zell purchases Tribune Media Co.

Accountant

Advised onTribune Co. /Zell purchases Tribune Media Co.

Accountant

Advised onTribune Media Co. purchases Renaissance Communications Corp.

Legal Advisor

Advised onNexstar Media Group, Inc. purchases Tribune Media Co.

Legal Advisor

Advised onNexstar Media Group, Inc. purchases Tribune Media Co.

Legal Advisor

Advised onNexstar Media Group, Inc. purchases Tribune Media Co.

Advisors & Consultants
Legal Advisor

Partner at Jones Day

Legal Advisor

Partner at Baker & McKenzie LLP

Legal Advisor

Partner at Chadbourne & Parke LLP

Clients

Alphabet, Inc. is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube. The Other Bets segment includes businesses such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo, and X. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015 and is headquartered in Mountain View, CA.

Tribune Publishing Co. is a multiplatform media and marketing solutions company, which engages in the publication of daily newspapers and community publications. It operates through the troncM and troncX segments. The troncM segment comprises of the company's media groups excluding their digital revenues and related expenses, except digital subscription revenues when bundled with a print subscription. The troncX segment includes all digital revenues and related expenses of the company from local tronc websites, third party websites, mobile applications, digital only subscriptions, Tribune Content Agency, and forsalebyowner.com. The company was founded in 1847 and is headquartered in Chicago, IL.

Verizon Communications, Inc. is a holding company, which engages in the provision communications, information and entertainment products and services to consumers, businesses and governmental agencies. It operates through Wireless and Wireline segments. The Wireless segment provides wireless voice and data services and equipment sales, which are provided to consumer, business, and government customers. The Wireline segment offers broadband video and data; corporate networking solutions; data center and cloud services; security and managed network services; and local and long distance voice services. It also offers voice, data and video services and solutions. The company was founded in 1983 and is headquartered in New York, NY.

Key Stats and Financials As of 2018
Market Capitalization
$4.11B
Total Enterprise Value
$5.86B
Earnings Per Share
$4.67
Revenue
$2.01B
Net Profit
$412M
EBITDA
$583M
EBITDAMargin
28.99%
Total Debt
$2.93B
Total Equity
$3.52B
Enterprise Value Sales
2.92x
Enterprise Value EBITDAOperating
10.06x
TEVNet Income
14.22x
Debt TEV
0.5x
Three Year Compounded Annual Growth Rate Of Revenue
-0.01%
Five Year Compounded Annual Growth Rate Of Revenue
-7.09%
Investments
Details Hidden

BrassRing LLC used to provide recruiting solutions and talent relationship management software. Its clients were Time Warner, IKEA, ConAgra Foods Inc, RR Donnelly and Nissan Motor Co. The company had operations in the United States and Europe. BrassRing was founded in 1999 and was located in Waltham, MA.

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EDLM SARL publishes books and magazines. Its catalog includes genres such as photography, fine arts, fashion, design, history, society, and literature. The company was founded in 1992 and is headquartered in Paris, France.

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Dose Media LLC operates as a publishing platform. The firm offers digital media publishing services that allows users to create and share content to readers across websites, mobile sites, and applications. The company was founded by Emerson Spartz and Gaby Montero-Spartz in 2009 is headquartered in Chicago, IL.

Suppliers
The Walt Disney Company Entertainment | BURBANK, CA

The Walt Disney Co. is a diversified international family entertainment and media enterprise. It operates through the following segments: Media Networks, Parks & Resorts, Studio Entertainment and Consumer Products & Interactive Media. The Media Networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, radio networks and stations. The Parks and Resorts segment owns and operates the Walt Disney World Resort in Florida; the Disneyland Resort in California; Aulani, a Disney Resort & Spa in Hawaii; the Disney Vacation Club; the Disney Cruise Line; and Adventures by Disney. The Studio Entertainment segment produces and acquires live-action and animated motion pictures, direct-to-video content, musical recordings and live stage plays. This segment distributes films primarily under the Walt Disney Pictures, Pixar, Marvel, Lucasfilm and Touchstone banners. The Consumer Products and Interactive Media segment licenses the company's trade names, characters and visual and literary properties to various manufacturers, game developers, publishers and retailers throughout the world. It also develops and publishes games, primarily for mobile platforms, and books, magazines and comic books. This segment also distributes branded merchandise directly through retail, online and wholesale businesses. The Walt Disney was founded by Walter Elias Disney on October 16, 1923 and is headquartered in Burbank, CA.

Comcast Corporation Internet Software & Services | Philadelphia , PA

Comcast Corporation (Nasdaq: CMCSA, CMCSK) is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. Comcast Cable is the nation’s largest video, high-speed Internet and phone provider to residential customers under the XFINITY brand as well as to businesses. NBCUniversal operates 30 news and entertainment cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures and Universal Parks & Resorts.

Epiq Systems, Inc. Other Business & Consulting Services | KANSAS CITY, KS

EPIQ Systems, Inc. engages in the provision of technology-enabled solutions for electronic discovery, bankruptcy, and class action administration. The company was founded by John William Davenport, Jr. on July 13, 1988 and is headquartered in Kansas City, KS.

Competitors
AT&T, Inc. Computer Software - Dallas, TX

AT&T, Inc. is a holding company, which engages in the provision of telecommunications media and technology service. It operates through the following four segments: Communications, Warner Media, Latin America and Xandar. The Communications segment provides services to businesses and consumers located in the U.S., or in U.S. territories, and businesses globally. The Warner Media segment develops, produces and distributes feature films, television, gaming and other content over various physical and digital formats. The Latin America segment provides entertainment and wireless services outside of the U.S. The Xandar segment provides advertising services. The company was founded in 1983 and is headquartered in Dallas, TX.

Fox Corp. Cable, Satellite, and Radio Telecommunications - New York, NY

Fox Corp. delivers compelling news, sports and entertainment content. It provides news under the brands FOX News, FOX Business, FS1, FS2, Big Ten Network, FOX Network and FOX Television Stations. The company was founded on May 3, 2018 and is headquartered in New York, NY.

Comcast Corporation Entertainment - Philadelphia , PA

Comcast Corporation (Nasdaq: CMCSA, CMCSK) is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. Comcast Cable is the nation’s largest video, high-speed Internet and phone provider to residential customers under the XFINITY brand as well as to businesses. NBCUniversal operates 30 news and entertainment cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures and Universal Parks & Resorts.

Awards & Honors
Rank #969
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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