Tribune Company To Receive Cash Distribution from Classified Ventures’ Sale of Apartments.com

01 Apr Tribune Company To Receive Cash Distribution from Classified Ventures’ Sale of Apartments.com

Tribune Company announced that it will receive a gross cash distribution of approximately $160 million from Classified Ventures’ sale of Apartments.com, following the close of the transaction today.  Tribune Company is one of five media companies that own Classified Ventures.  The company said previously that it will use the proceeds from the cash distribution for general corporate purposes.

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TRIBUNE MEDIA COMPANY 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 50 million households, national entertainment network WGN America, available in 72 million households, Tribune Studios, and Tribune Digital Ventures, including the websites Zap2it and TVByTheNumbers, 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.