Tribune Media Company Files Registration Statement for Secondary Offering of Class A Common Stock by Selling Stockholders

Tribune Media Company Files Registration Statement for Secondary Offering of Class A Common Stock by Selling Stockholders

NEW YORK, April 8, 2015 /PRNewswire/ -- Tribune Media Company (NYSE:TRCO) (the "Company") announced today that it has filed a registration statement with the U.S. Securities and Exchange Commission relating to a proposed secondary offering of 9,240,073 shares of its Class A common stock by certain stockholders affiliated with Oaktree Capital Management, L.P., Angelo, Gordon & Co., L.P. and JPMorgan Chase Bank, N.A., which represents approximately 25% of such stockholders' current ownership in the Company. In connection with the offering, the selling stockholders will grant the underwriters an option to purchase up to 1,386,010 additional shares of Class A common stock. The Company will not receive any proceeds from the proposed secondary offering. The proposed secondary offering will be made only by means of a prospectus.

The offering is being made through an underwriting group led by Morgan Stanley and J.P. Morgan Securities LLC, who are acting as joint book-running managers and as representatives of the underwriters for the offering. Goldman, Sachs & Co. and Deutsche Bank Securities are also acting as joint book-running managers.

When available, copies of the preliminary prospectus may be obtained from:


-- Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick
Street, 2nd Floor, New York, NY 10014; and
-- J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions,
Attention: Prospectus Department, 1155 Long Island Ave., Edgewood, NY
11717, (866) 803-9204.
A registration statement relating to these securities has been filed with the SEC but has not yet become effective. The securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these shares in any state in which such offer, solicitation or sale would be unlawful, prior to registration or qualification under the securities laws of any state.

Tribune Media Company (NYSE:TRCO) 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 Broadcasting's 42 owned or operated local television stations reaching over 50 million households, national entertainment network WGN America, available in approximately 73 million households, Tribune Studios, and Gracenote, one of the world's leading sources of TV and music metadata powering electronic program guides in televisions, automobiles and mobile devices. Tribune Media also includes Chicago's WGN-AM, the national multicast networks Antenna TV and THIS TV. Additionally, the Company owns and manages a significant number of real estate properties across the U.S. and holds other strategic investments in media. For more information please visit www.tribunemedia.com.

Forward-Looking Statements

This press release includes "forward-looking statements," including with respect to the proposed secondary offering, within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond our control. We caution you that the forward-looking information presented in this press release is not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking information contained in this press release. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "plan," "seek," "comfortable with," "will," "expect," "intend," "estimate," "anticipate," "believe" or "continue" or the negative thereof or variations thereon or similar terminology. Any forward-looking information presented herein is made only as of the date of this press release, and we do not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.



SOURCE Tribune Company

Tribune Company

CONTACT: INVESTOR CONTACT: Donna Granato, VP/Corporate Finance, Investor Relations, 212/210-2703, dgranato@tribunemedia.com; MEDIA CONTACT: Gary Weitman, SVP/Corporate Relations, 312/222-3394, gweitman@tribunemedia.com

Web Site: http://www.tribune.com


-------
Profile: intent