Tribune Sells Boston TV Station for $113.7M

Share this content:

Tribune Company, publisher of the Chicago Tribune and Los Angeles Times newspapers, sold WLVI-TV in Boston to Sunbean Television Corp. for $113.7 million.

Tribune acquired WLVI-TV in 1994 from Gannett Co. Inc. for $25 million. The sale is final upon approval by the Tribune's board of directors.

The move is part of the Tribune's performance improvement plan and includes at least $500 million in asset sales. Approximately $420 million have been identified thus far.

Tribune on Aug. 7 sold WATL-TV in Atlanta for $180 million in cash. In July, they sold 2.8 million shares of Time Warner common stock for net proceeds of $46 million.


Welcome to DMN Email Week - our dedicated look at email marketing. Following along here.
Loading links....
close

Next Article in Media/Circulation

Sign up to our newsletters


Company of the Week


SK&A is a leading provider of U.S. healthcare information solutions and databases. As part of IMS Health, SK&A researches and maintains contact and profiling data for over 2 million healthcare providers, including 800,000+ prescribers. SK&A's data supports research and marketing initiatives for life sciences, medical device, managed healthcare, direct marketing, publishing, education and more. SK&A's proprietary databases are telephone-verified twice per year from its world class Research Centers. SK&A enables multi-channel marketing and sets the standard for data quality and reliability. SK&A's customers include many of America's most recognized healthcare, publishing and pharmaceutical institutions.


Featured Listings