Tribune Media Statement on Reinstatement of UHF Discount by Federal Communications Commission
April 20, 2017 --
CHICAGO, April 20, 2017 /PRNewswire/ -- Tribune Media Company (NYSE: TRCO) released the following statement regarding today's decision by the Federal Communications Commission to reinstate the UHF discount:
"Today's action by the Federal Communications Commission is a welcome step towards creating a more level playing field for all local broadcasters in their relationships with television networks, satellite operators, cable providers, and streaming video services. Ultimately, the FCC's decision will serve the important interest of localism by enabling broadcasters to better serve their communities."
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 more than 50 million households, national entertainment network WGN America, whose reach is approximately 80 million households, Tribune Studios, and a variety of digital applications and websites commanding 60 million monthly unique visitors online. 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 a variety of investments, including a 32% interest in CareerBuilder, LLC and a 31% interest in Television Food Network, G.P., which operates Food Network and Cooking Channel. For more information please visit www.tribunemedia.com.
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SOURCE Tribune Media Company
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