Tribune Media’s Big Shareholders Cash Out

by: Lynne Marek | Crain’s Chicago Business

Tribune Media’s biggest investors plan to take another approximately $550 million chunk of their investment off the table.

 

The broadcast company filed today with the Securities and Exchange Commission for a secondary stock offering, allowing private-equity firm Oaktree Capital Management, hedge fund Angelo Gordon and JPMorgan Chase to sell 9.24 million shares of the Chicago-based company, or about a quarter of their ownership.

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