Tribune Weighs Sale Of Media Services Unit

Tribune may shed more baggage as it seeks to climb out from its enormous debt load. The privately-held company is weighing a sale of Tribune Media Services, a unit that aggregates and distributes news and entertainment content across multiple platforms. According to FT, the unit has annual EBITDA of $25 million and could fetch as much as $200 million. A Chicago Tribune report quotes a Tribune spokesperson saying the company has fielded offers, but that no deal was assured. Among TMS’ varied products: various wire services, print magazine services, and online data sources.

FT: “The sale could spark interest both from private equity investors and from corporate buyers within the media industry, such as cable operators or internet-based content providers, who may be interested in the unit

Comments have been disabled for this post