09 Oct Tribune Media Sells Long Island Property for $54.5 Million
CHICAGO, Oct. 9, 2018—Tribune Media Company (NYSE: TRCO) today announced that it has closed the sale of a 48-acre parcel of property in Long Island, New York, to Hartz Mountain Industries, Inc., for $54.5 million. The property consists of a 32-acre south parcel that houses the office and former printing operations for Newsday, and a 16-acre north parcel which is available for immediate development.
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 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. 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. For more information please visit www.tribunemedia.com.
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