M&A Deal Summary

Tribune Media Acquires Chicago Tribune

On December 20, 2013, Tribune Media acquired media company Chicago Tribune

Acquisition Highlights
  • This is Tribune Media’s 3rd transaction in the Media sector.
  • This is Tribune Media’s 6th transaction in the United States.
  • This is Tribune Media’s 3rd transaction in Illinois.

M&A Deal Summary
Date 2013-12-20
Target Chicago Tribune
Sector Media
Buyer(s) Tribune Media
Deal Type Add-on Acquisition

Target

Chicago Tribune

Chicago, Illinois, United States
Chicago Tribune Company a multi-platform company, publishes newspaper and a magazine.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Tribune Media

Chicago, Illinois, United States
Category Company
Founded 1847
Sector Media
Employees8,000
Revenue 1.8B USD (2017)
DESCRIPTION
The Tribune Co.'s corporate headquarters on Michigan Avenue in downtown Chicago, Illinois.
The Tribune Co.'s corporate headquarters on Michigan Avenue in downtown Chicago, Illinois.

Tribune Media Co. is home to a diverse portfolio of television and digital properties driven by quality news, entertainment, and sports programming. Tribune Media is comprised of Tribune Media Broadcasting’s 42 owned or operated local television stations reaching approximately 50 million households, national entertainment cable network WGN America, whose reach is more than 77 million households, and a variety of digital applications and websites commanding 54 million monthly unique visitors online. Tribune Media also includes Chicago’s WGN-AM and the national multicast networks Antenna TV and THIS TV, and Covers Media Group, an unrivaled source of online sports betting information. Additionally, the Company owns and manages a significant number of real estate properties across the U.S. and holds a variety of investments, including a 31% interest in Television Food Network, G.P., which operates Food Network and Cooking Channel.

DEAL STATS #
Overall 6 of 7
Sector (Media) 3 of 3
Type (Add-on Acquisition) 4 of 4
State (Illinois) 3 of 3
Country (United States) 6 of 7
Year (2013) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-01 Local TV

Ft. Wright, Kentucky, United States

Local TV is a major new platform of broadcast TV stations created by merging nine TV stations acquired from the New York Times Broadcast Media Group with eight TV stations acquired from News Corporation in July 2008.

Buy $2.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-23 Gracenote

Emeryville, California, United States

Gracenote, Inc. is a provider of embedded technology, enriched content, and data services for digital entertainment solutions within the Internet, consumer electronics, mobile, and automotive markets.

Buy $170M
Mergr

Product

Company

Legal