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News Breaks
February 23, 2014
18:52 EDTTRBAA, OAKBlue Harbour Group reveals stake in Tribune Co., WSJ says
Activist hedge fund Blue Harbour Group, which has a 2.5% stake in Tribune (TRBAA), is said to be in discussions with Tribune Co. management to take steps including selling its real-estate holdings and the spectrum its broadcast properties own in order to boost share value, says the Wall Street Journal, citing people familiar with the matter. Oaktree Capital Group (OAK) also has equity in Tribune Co., added the Wall Street Journal. Reference Link
News For TRBAA;OAK From The Last 14 Days
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September 23, 2014
11:29 EDTTRBAATribune Co. says talks with Fox on Seattle affiliation continue
Tribune Media (TRBAA) and Twenty-First Century Fox (FOXA) have been conducting ongoing discussions regarding Tribune's Fox affiliation in Seattle, KCPQ, Tribune said. "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," Tribune reported. KCPQ contributed approximately $13M in EBITDA in FY13 for Tribune.

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