Tribune thinking about selling stock

By on Sep, 6 2014 with Comments 0

TribuneThere’s no word on which or when, but Tribune Media CEO Peter Liguori says his broadcast group will be traded on one of the majors “sooner rather than later.”

According to the Chicago Tribune, which until recently was co-owned with the Tribune broadcasting group, Liguori made his remarks during an investors conference.

He said that there is a lot of interest among the investment community and added that it is something Tribune Media will be addressing in the near future.

At the moment, stock in the company is trading over-the-counter as TRBAA. It is hoping that its  broadcast and entertainment assets will exhibit a better growth pattern minus the drag imposed by its former newspaper holdings.

 

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About The Author: RBR+TVBR has been reporting on the business of broadcasting for nearly three decades. Beholden to no one, it is independently owned.

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