23 Sep Tribune Media Comments on KCPQ Fox Affiliate in Seattle
Since 2013, Tribune Media Company (OTC:TRBAA, “Tribune”) and Twenty-First Century Fox (“Fox”) have been conducting ongoing discussions regarding Tribune’s Fox affiliation in Seattle, KCPQ. Throughout the course of this dialogue, which is ongoing, a variety of alternatives have been discussed and there is no resolution at this time. Fox has sent to Tribune a notice of termination of the Seattle affiliation agreement effective January 17, 2015. Nonetheless, we are continuing to engage in discussions with Fox and moreover have prepared for all operational and economic possibilities for our Seattle Fox station.
We are confident that our remaining thirteen Fox affiliates will remain unaffected based on regulatory and contractual constraints.
KCPQ contributed approximately $13 million in EBITDA in fiscal 2013 for Tribune.
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Tribune Media Company (OTC:TRBAA) 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. For more information please visit www.tribunemedia.com.
MEDIA CONTACT:
Christa Robinson
Chief Communication Officer
212/210-2794
christa@tribunemedia.com
INVESTOR CONTACT:
Donna Granato
VP/Corporate Finance, Investor Relations
212/210-2703
dgranato@tribunemedia.com