Tribune Company (NYSE:TRB) today announced that it has completed the sale of WCWN-TV (channel 45), Albany, to Freedom Communications, Inc. for $17 million in cash.
In addition to WCWN, Tribune expects the sale of WLVI-TV, Boston, to close this month. To date, the company has sold or agreed to sell approximately $450 million of non-core assets.
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TRIBUNE is one of the country’s leading multimedia companies, operating businesses in publishing, digital and broadcasting. In publishing, Tribune’s leading daily newspapers include the Los Angeles Times, Chicago Tribune, The Baltimore Sun, Sun Sentinel (South Florida), Orlando Sentinel, Hartford Courant, The Morning Call and Daily Press. The company’s broadcasting group operates 23 television stations, WGN America on national cable, the national multicast network Antenna TV and Chicago’s WGN-AM. Popular news and information websites complement Tribune’s print and broadcast properties and extend the company’s nationwide audience.