NEW YORK, May 21, 2015 /PRNewswire/ -- Tribune Media Company (NYSE : TRCO ) today announced that on May 20, 2015, the Company's Board of Directors declared a quarterly cash dividend of $0.25 per share on the Company's Class A common stock and Class B common stock. In addition, holders of the Company's outstanding warrants will receive a cash payment equal to the amount of the dividend paid per share of common stock for each share of common stock such warrants are exercisable into. The dividend is payable on June 15, 2015 to stockholders and warrant holders of record at the close of business on June 1, 2015. This is the first quarterly dividend declared by the Board of Directors and is consistent with its plan previously announced on March 6, 2015. Future dividends, if any, will be subject to the discretion of the Company's Board of Directors.
Tribune Media Company (NYSE : TRCO ) is home to a diverse portfolio of television and digital properties driven by quality news, entertainment and sports programming. Tribune Media is comprised of Tribune Broadcasting's 42 owned or operated local television stations reaching over 50 million households, national entertainment network WGN America, available in approximately 73 million households, Tribune Studios, and Tribune Digital Ventures, including Gracenote, one of the world's leading sources of TV and music metadata powering electronic program guides in televisions, automobiles and mobile devices. Tribune Media also includes Chicago's WGN-AM, and the national multicast networks Antenna TV and THIS TV. Additionally, the Company owns and manages a significant number of real estate properties across the U.S. and holds other strategic investments in media. For more information please visit www.tribunemedia.com.
SOURCE Tribune Media Company