Tribune Company To Receive Cash Distribution from Classified Ventures' Sale of Apartments.com
CHICAGO, April 1, 2014 /PRNewswire/ -- Tribune Company announced that it will receive a gross cash distribution of approximately $160 million from Classified Ventures' sale of Apartments.com, following the close of the transaction today. Tribune Company is one of five media companies that own Classified Ventures. The company said previously that it will use the proceeds from the cash distribution for general corporate purposes.
TRIBUNE is one of the country's leading multimedia companies, operating businesses in broadcasting, publishing, and interactive. The company's broadcasting group owns or operates 42 television stations, WGN America on national cable, the national multicast networks Antenna TV and THIS TV, Tribune Studios and Chicago's WGN-AM. In publishing, Tribune's leading daily newspapers include the Los Angeles Times, Chicago Tribune, The Baltimore Sun, Sun Sentinel (South Florida), Orlando Sentinel, Hartford Courant, The Morning Call and Daily Press. Popular news and information websites complement Tribune's broadcast and print properties and extend the company's nationwide audience.
SOURCE Tribune Company