TV Spinoff Complete, Tribune Media Co. Debuts

Now separate from its newspaper businesses, The Tribune Company will start its new life at Tribune Media Company as of Monday.

The company will consist of Tribune Broadcasting, WGN America, Tribune Studios, Tribune Digital Ventures, WGN-AM Chicago and Tribune Real Estate.

“In the last year, we have executed a strategy designed to embrace a rapidly changing media environment,” said Peter Liguori, president/chief executive officer of Tribune Media Co. “We doubled the size of our broadcast group, relaunched our national cable network WGN America with high quality original programming and expanded our digital businesses that power some of the world’s leading media brands.”

Tribune Broadcasting now has 42 owned or operated television stations reaching 50 million households. Tribune’s national cable network WGN America is available in 72 million households.

Tribune Digital Ventures includes Web sites Zap2it and TVByTheNumbers and Gracenote, which provides TV and music metadata for electronic program guides in televisions, automobiles and mobile devices.

Tribune Media also includes the national digital multicast networks Antenna TV and This TV. Tribune Media also includes Tribune Real Estate, real estate properties across the U.S. and other investments in media.

Tribune Publishing will housed the former Tribune Company’s newspaper assets, including Chicago Tribune and Los Angeles Times, as well as The Hartford Courant, The Sun Sentinel in Fort Lauderdale, Fla., The Orlando Sentinel in Orlando, Fla., and The Baltimore Sun.

Tribune is among many media company’s to separate its TV and print media assets. One the most prominent has been News Corp. -- which split into 21st Century Fox (TV, film, and digital media) and News Corp. (print).

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