Tribune Company to Receive Cash Distribution from Classified Ventures' Sale of Apartments.com
CHICAGO, March 3, 2014 /PRNewswire/ -- Tribune Company announced today that it expects to receive a gross cash distribution of approximately $160 million from Classified Ventures' sale of Apartments.com, following the close of the transaction. Tribune Company is one of five media companies that own Classified Ventures. The company said it will use the proceeds from the cash distribution for general corporate purposes.
SOURCE Tribune Company