A new day at Tribune Tower

Tribune Tower cornerstone

Tribune Tower cornerstone

With the momentous spinoff of its newspaper division into Tribune Publishing, effective today, Tribune Co. officially renames itself Tribune Media Co.

Here is the text of the press release:

Tribune Company Re-Named Tribune Media Company

Aug. 4, 2014 —- Today, as it completes the spin-off of its publishing businesses, Tribune Company begins operating under the name Tribune Media Company (OTC:TRBAA).

Tribune Media combines quality content with powerful distribution and digital properties, including: Tribune Broadcasting, WGN America, Tribune Studios, Tribune Digital Ventures, WGN Radio in Chicago, and Tribune Real Estate. Information about the company and its new logo can be found on Tribune Media’s new corporate website, launched today at www.tribunemedia.com.

“In the last year, we have executed a strategy designed to embrace a rapidly changing media environment,” said Peter Liguori, President and CEO, Tribune Media Company. “We doubled the size of our broadcast group, re-launched our national cable network, WGN America, with high-quality original programming, and expanded our digital businesses that power some of the world’s leading media brands. The result is a rich and diverse portfolio of media properties and the birth today of Tribune Media Company.”