Why Tribune is Evaluating Every Asset
Executives at Tribune Media project confidence about their financial prospects in 2016, citing high retrans fees and an expected political advertising windfall.
Yet the company has also hired two financial advisors to evaluate every asset to determine how Tribune can boost its stock price. That could mean selling some assets, or entering into partnerships or other alternatives.
The board believes the company’s stock is undervalued, company President/CEO Peter Liguori told Wall Street analysts.