Topics

Tribune Media

Tribune Media is looking to sell assets in bid to boost stock price

Tribune Media is looking to sell assets in bid to boost stock price

Tribune Media, which last year put the historic Times Mirror Square up for sale, may be looking to divest a lot more than its real estate holdings.

The Chicago-based television and entertainment company announced Monday that it has hired Moelis & Co. and Guggenheim Securities as financial advisors to explore a possible "sale or separation of select lines of business" in a bid to enhance shareholder value.

Peter Liguori, Tribune Media's president and CEO, said he would not rule out selling any of the company's assets, which include 42 TV stations, national cable channel WGN America and Gracenote, its entertainment metadata business.

Loading
70°