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Tribune Completes Sale of WCWN-TV, Albany
CHICAGO, December
6, 2006 -- Tribune Company (NYSE:TRB)
today announced that it has completed the sale of WCWN-TV
(channel 45), Albany, to Freedom Communications, Inc. for
$17 million in cash.
In addition to WCWN, Tribune expects the sale of WLVI-TV,
Boston, to close this month. To date, the company has sold
or agreed to sell approximately $450 million of non-core
assets.
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TRIBUNE (NYSE:TRB) is one of the country’s
top media companies, operating businesses in publishing,
interactive and broadcasting. It reaches more than 80 percent
of U.S. households and is the only media organization with
newspapers, television stations and websites in the nation’s
top three markets. In publishing, Tribune’s leading
daily newspapers include the Los Angeles Times, Chicago Tribune,
Newsday (Long Island, N.Y.), The Sun (Baltimore), South Florida
Sun-Sentinel, Orlando Sentinel and Hartford Courant. The
company’s broadcasting group operates 24 television
stations, Superstation WGN on national cable, Chicago’s
WGN-AM and the Chicago Cubs baseball team. Popular news and
information websites complement Tribune’s print and
broadcast properties and extend the company’s nationwide
audience. |
