🠈 Tribune Media 🠊
Tribune Media is a Chicago based media company operating newspapers and TV Stations. It currently trades on the NYSE with the symbol TRCO
This section lists events Tribune Media's history:
- June 10, 1847: The Tribune Company published the first edition of the Chicago Daily Tribune.
- 1869-1871: The company built its headquarters which burned in the Great Chicago Fire.
- 1855: Joseph Medill acquired an interest in the paper and full control in 1874. He died in 1899
- 1911: Robert R. McCormick and Joseph Medill Patterson (Medill's two grandsons) assumed leadership.
- 1919: Joseph Medill Patterson established New York News and eventually parted from the Tribune.
- 1924: The company launched a magazine called Liberty under a subsidiary called McCormick-Patterson. They sold this in 1931.
- 1924: The company entered broadcasting by leasing WDAP.
- 1925: The Tribune completed the Tribune Tower.
- 1926: The Tribune changed completed acquisition of station and adopted call letters WGN for World's Greatest Newspaper.
- 1948: The Tribune acquired the Washington Times-Herald after the death of Cissy Patterson. Cissy had acquired the Washington Times (est. 1894) and the Washington Herald (est 1906) from the Hearst family.
- 1948: Tribune opened WGN-TV in Chicago and WPIX in New York City
- 1956: The Tribune Company purchased the Chicago American from the Hearst family.
- 1960? : The Tribune acquired the Gore Newspapers Company which owned The Pompano Sun-Sentinel and Fort Lauderdale News
- 1963: The Tribune acquired Sentinel-Star Company
- 1964: The Tribune acquired WQCD-FM in New York City
- 1965: The Tribune acquired Denver based KWGN-TV
- 1968: Re-incorporated in Delaware with a subsidiary structure.
- 1973: The Tribune acquired the Los Angeles which it morphed into the Los Angeles Daily News.
- 1975: The Tribune syndicated the U.S. Farm Report news show
- 1981 The Tribune organized its broadcasting unit as Tribune Broadcasting Company and production unit as Tribune Entertainment Company.
- 1983: The Tribune became a public company.
- 1985: Tribune Broadcasting acquired KTLA of Los Angeles independent from Kohlberg Kravis Roberts for $510M and sold Los Angeles Daily News to satisfy cross-ownership regulations.
- 1986: acquired the Daily Press of Newport News, Va.
- 1991: Tribune sold the Daily News to British businessman Robert Maxwell.
- 1993: Tribune Company created Tribune Education which acquired educational publishers
- 1996: Tribune worked with AOL to create Digital City online publications.
- 2000 Tribune acquired the Los Angeles-based Times Mirror Company in a US$8.3 billion merger transaction.
- 2007 Sam Zell took the Tribune Company private in a $8.2 billion transaction.
- 2008-2011: The Tribune entered a prolonged bankruptcy with a record $13 billion in debt.
- July 13, 2012: the Tribune Company reorganized with joint ownership by Oaktree Capital Management, JPMorgan Chase and Angelo, Gordon & Co..
- 2013: Tribune Company spun off its newspaper holdings as Tribune Publishing and renamed itself Tribune Media.
- 2015: Tribune Publishing acquired the San Diego Union-Tribune
- 2016: the company shortened its name to TRONC and had an IPO on the NASDAQ with the symbol TRNC.
- 2013: Tribune acquired Local TV, which owned several TV Stations, from Oak Hill Capital Management.
- 2014: Tribune had an offering on the NYSE with symbol TRCO.
- 2017-2018: There are merger negotiations between Tribune Media and Sinclair Media Group.
- Wikipedia - Tribune Media (Drawn 5/12/2018)
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