Tribune Publishing (TPCO) 10-Q 12 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 28, 2015	Aug. 07, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	Tribune Publishing Company
Entity Central Index Key	1,593,195
Current Fiscal Year End Date	--12-27
Entity Filer Category	Non-accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 28, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		26,345,990

CONSOLIDATED AND COMBINED STATE

CONSOLIDATED AND COMBINED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Operating revenues:
Advertising	$ 225,541	$ 242,131	$ 445,370	$ 475,166
Circulation	115,026	109,010	224,309	216,317
Other	69,862	78,782	136,982	154,962
Total operating revenues	410,429	429,923	806,661	846,445
Operating expenses:
Compensation	156,384	140,939	305,615	284,651
Circulation and distribution	68,443	73,392	135,348	146,932
Newsprint and ink	31,444	35,499	62,739	70,997
Other operating expenses	129,392	150,567	254,588	289,222
Depreciation	10,934	2,894	21,759	5,634
Amortization	2,215	1,621	4,099	3,227
Total operating expenses	398,812	404,912	784,148	800,663
Income from operations	11,617	25,011	22,513	45,782
Gain (loss) on equity investments, net	50	(294)	(7)	(629)
Gain on investment transaction	0	1,484	0	1,484
Interest expense, net	(6,331)	(53)	(12,198)	(55)
Reorganization items, net	(252)	0	(853)	(9)
Income before income taxes	5,084	26,148	9,455	46,573
Income tax expense	1,686	10,945	3,542	19,598
Net income	$ 3,398	$ 15,203	$ 5,913	$ 26,975
Net income per common share:
Basic (in dollars per share)	$ 0.13	$ 0.60	$ 0.23	$ 1.06
Diluted (in dollars per share)	$ 0.13	$ 0.60	$ 0.23	$ 1.06
Weighted average shares outstanding:
Weighted average number of common shares outstanding (basic)	25,910	25,424	25,702	25,424
Diluted (in shares)	26,034	25,424	25,912	25,424
Dividends declared per common share: (in dollars per share)	$ 0.175	$ 0	$ 0.350	$ 0

CONSOLIDATED AND COMBINED STAT3

CONSOLIDATED AND COMBINED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 3,398	$ 15,203	$ 5,913	$ 26,975
Other comprehensive loss, net of taxes:
Amortization of actuarial gains during the period, net of taxes of $517, $866, $805 and $866, respectively	(794)	(1,326)	(1,234)	(1,326)
Foreign currency translation	(17)	0	(39)	0
Other comprehensive loss, net of taxes	(811)	(1,326)	(1,273)	(1,326)
Comprehensive income	$ 2,587	$ 13,877	$ 4,640	$ 25,649

CONSOLIDATED AND COMBINED STAT4

CONSOLIDATED AND COMBINED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Statement of Comprehensive Income [Abstract]
Taxes on change in unrecognized benefit plan gain arising during the period	$ 517	$ 866	$ 805	$ 866

CONSOLIDATED AND COMBINED BALAN

CONSOLIDATED AND COMBINED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 28, 2015	Dec. 28, 2014
Current assets
Cash	$ 41,726	$ 36,675
Accounts receivable (net of allowances of $15,475 and $16,664)	213,854	234,812
Inventories	15,952	16,651
Deferred income taxes	34,251	38,207
Prepaid expenses and other	16,838	26,593
Total current assets	322,621	352,938
Property, plant and equipment
Machinery, equipment and furniture	227,351	210,217
Buildings and leasehold improvements	6,919	6,434
Property, plant and equipment, gross	234,270	216,651
Accumulated depreciation	(89,047)	(68,076)
Property, plant and equipment, net, excluding construction in progress	145,223	148,575
Advance payments on property, plant and equipment	8,287	13,770
Property, plant and equipment, net	153,510	162,345
Other assets
Goodwill	127,038	41,669
Intangible assets, net	152,126	87,272
Investments	3,906	3,370
Deferred income taxes	38,711	0
Restricted cash	27,511	27,505
Debt issuance costs and other long-term assets	25,051	11,416
Total other assets	374,343	171,232
Total assets	850,474	686,515
Current liabilities
Current portion of long-term debt	22,067	17,911
Accounts payable	75,576	81,567
Employee compensation and benefits	83,058	101,071
Deferred revenue	82,004	73,004
Other current liabilities	27,311	32,435
Total current liabilities	290,016	305,988
Non-current liabilities
Long-term debt	386,077	329,613
Deferred revenue	7,871	8,775
Pension and postretirement benefits payable	128,819	27,672
Other obligations	23,141	8,298
Total non-current liabilities	545,908	374,358
Stockholders' equity
Preferred stock— authorized 30,000 shares; no shares issued or outstanding at June 28, 2015 and December 28, 2014	0	0
Common stock, $.01 par value. Authorized 300,000 shares, 26,345 shares issued and outstanding at June 28, 2015; 25,444 shares issued and outstanding at December 28, 2014	263	254
Additional paid-in capital	15,555	2,370
Accumulated deficit	(10,477)	(6,937)
Accumulated other comprehensive income	9,209	10,482
Total stockholders' equity	14,550	6,169
Total liabilities and stockholders' equity	$ 850,474	$ 686,515

CONSOLIDATED AND COMBINED BALA6

CONSOLIDATED AND COMBINED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 28, 2015	Dec. 28, 2014
Statement of Financial Position [Abstract]
Allowances for doubtful accounts	$ 15,475	$ 16,664
Preferred stock, shares authorized	30,000,000	30,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	26,345,000	25,444,000
Common stock, shares outstanding	26,345,000	25,444,000

CONSOLIDATED AND COMBINED STAT7

CONSOLIDATED AND COMBINED STATEMENT OF EQUITY (DEFICIT) (Unaudited) - 6 months ended Jun. 28, 2015 - USD ($) $ in Thousands	Total	Common Stock	Additional Paid in Capital	Accumulated Deficit	AOCI
Beginning balance at at Dec. 28, 2014	$ 6,169	$ 254	$ 2,370	$ (6,937)	$ 10,482
Beginning balance at (shares) at Dec. 28, 2014		25,444,057
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)	4,640			5,913	(1,273)
Issuance of stock for acquisition	11,039	$ 7	11,032
Issuance of stock for acquisition (in shares)		700,869
Dividends declared to common stockholders	(9,453)			(9,453)
Issuance of stock from restricted stock unit conversions		$ 2	(2)
Issuance of stock from restricted stock unit conversions (in shares)		181,027
Exercise of stock options	260		260
Exercise of stock options (in shares)		18,577
Excess tax benefit from long-term incentive plan	715		715
Share-based compensation	3,001		3,001
Withholding for taxes on restricted stock unit conversions	(1,821)		(1,821)
Ending balance at at Jun. 28, 2015	$ 14,550	$ 263	$ 15,555	$ (10,477)	$ 9,209
Ending balance at (shares) at Jun. 28, 2015		26,344,530

CONSOLIDATED AND COMBINED STAT8

CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014
Operating Activities
Net income	$ 5,913	$ 26,975
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	21,759	5,634
Amortization of intangible assets	4,099	3,227
Amortization of contract intangible liabilities	(56)	(84)
Allowance for bad debt	3,784	5,631
Stock compensation expense	3,001	0
Withholding for taxes on RSU vesting	(1,821)	0
Loss on equity investments, net	7	629
(Gain) loss on fixed asset sales	23	(1,242)
Gain on investment transaction	0	(1,484)
Gain on postretirement plan amendment	(7,799)	0
Changes in working capital items, excluding acquisitions:
Accounts receivable, net	34,118	38,745
Prepaid expenses, inventories and other current assets	18,449	(669)
Accounts payable, employee compensation and benefits, deferred revenue and other current liabilities	(49,465)	(2,254)
Non-current deferred revenue	(903)	(877)
Deferred income taxes	7,841	9,461
Postretirement medical, life and other benefits	(1,329)	(6,726)
Other, net	1,108	106
Net cash provided by operating activities	38,729	77,072
Investing Activities
Capital expenditures	(19,824)	(3,189)
Acquisitions, net of cash acquired	(67,669)	(32,282)
Proceeds from sale of fixed assets	15	1,583
Investments in equity investments, net of distributions	(542)	(1,009)
Net cash used for investing activities	(88,020)	(34,897)
Financing Activities
Proceeds from issuance of debt	68,950	0
Payment of debt issuance costs	(1,991)	0
Repayment of long-term debt	(8,750)	0
Net proceeds from revolving debt	10,000	0
Repayment of revolving debt	(10,000)	0
Dividends paid to common stockholders	(4,842)	0
Proceeds from exercise of stock options	260	0
Excess tax benefits realized from exercise of stock-based awards	715	0
Transactions with Tribune Media Company, net	0	(39,331)
Net cash provided by (used for) financing activities	54,342	(39,331)
Net increase in cash	5,051	2,844
Cash, beginning of period	36,675	9,694
Cash, end of period	$ 41,726	$ 12,538

DESCRIPTION OF BUSINESS AND BAS

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	6 Months Ended
	Jun. 28, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION Description of Business —Tribune Publishing Company and its subsidiaries (collectively, the “Company” or “Tribune Publishing”) is a multiplatform media and marketing solutions company that delivers innovative experiences for audiences and advertisers. The Company's diverse portfolio of iconic news and information brands includes award-winning daily and weekly titles, digital properties and verticals in major markets across the country. Tribune Publishing’s media groups include the Chicago Tribune Media Group, the California Media Group, the Sun Sentinel Media Group, the Orlando Sentinel Media Group, The Baltimore Sun Media Group, the Hartford Courant Media Group, the Morning Call Media Group and the Daily Press Media Group. In May 2015, the Company acquired The San Diego Union-Tribune newspaper (f/k/a the U-T San Diego ) and nine community weeklies and related digital properties in San Diego County. See Note 5 for additional information on the acquisition. Separation from Tribune Media Company —On August 4, 2014 (the “Distribution Date”), Tribune Media Company, formerly Tribune Company (“TCO”) completed the spin-off of its principal publishing operations into Tribune Publishing, by distributing 98.5% of the common stock of Tribune Publishing to holders of TCO common stock and warrants. In the distribution, each holder of TCO's Class A common stock, Class B common stock and warrants received 0.25 of a share of Tribune Publishing's common stock for each share of TCO common stock or TCO warrant held as of July 28, 2014 (the “Record Date”). Based on the number of shares of TCO common stock and TCO warrants outstanding as of the Record Date and the distribution ratio, 25,042,263 shares of Tribune Publishing common stock were distributed to the TCO stockholders and holders of TCO warrants and TCO retained 381,354 shares of Tribune Publishing common stock, representing 1.5% of the outstanding common stock of Tribune Publishing. On August 5, 2014, Tribune Publishing became a separate publicly-traded company with its own board of directors and senior management team. Shares of Tribune Publishing common stock are listed on the New York Stock Exchange under the symbol “TPUB.” Basis of Presentation —T he accompanying unaudited Consolidated and Combined Financial Statements and notes of Tribune Publishing have been prepared in accordance with United States generally accepted accounting principles ( “U.S. GAAP ”). The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the unaudited Consolidated and Combined Financial Statements and accompanying notes. Actual results could differ from these estimates. In the opinion of management, the financial statements contain all adjustments necessary to present fairly the financial position of Tribune Publishing as of June 28, 2015 and December 28, 2014, the results of operations for the three and six months ended June 28, 2015 and June 29, 2014 and the cash flows for the six months ended June 28, 2015 and June 29, 2014 . Results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Certain prior period amounts have been reclassified to conform to current period classifications. The year-end Consolidated and Combined Balance Sheet was derived from audited financial statements, but does not include all disclosures required by U.S. GAAP. Prior to the Distribution Date, separate financial statements were not prepared for Tribune Publishing. The accompanying unaudited Consolidated and Combined Financial Statements for the periods presented prior to the Distribution Date were derived from the historical accounting records of TCO and present Tribune Publishing’s Consolidated and Combined financial position, results of operations and cash flows as of and for the periods presented as if Tribune Publishing was a separate entity through the Distribution Date. The costs of TCO services that are specifically identifiable to Tribune Publishing are included in these Consolidated and Combined Financial Statements. The costs of TCO services that are incurred by TCO but are not specifically identifiable to Tribune Publishing have been allocated to Tribune Publishing and are included in the pre-spin Consolidated and Combined Financial Statements on a basis that management considered to be a reasonable reflection of the utilization of services provided or the benefit received by Tribune Publishing during the periods presented. Management believes that assumptions and methodologies underlying the allocation of general corporate expenses are reasonable. However, such expenses prior to the Distribution Date may not be indicative of the actual level of expense that would have been incurred had Tribune Publishing operated as a separate stand-alone entity, and, accordingly, may not necessarily reflect Tribune Publishing’s consolidated financial position, results of operations and cash flows had Tribune Publishing operated as a stand-alone entity during the periods presented. See Note 4 for further information on costs allocated from TCO. Subsequent to the Distribution Date, Tribune Publishing's financial statements are presented on a consolidated basis as the Company became a separate consolidated entity. All intercompany accounts within Tribune Publishing have been eliminated in consolidation. For periods prior to the Distribution Date, all significant intercompany transactions between Tribune Publishing and TCO have been included within the Consolidated and Combined Financial Statements and are considered to be effectively settled through equity contributions or distributions or through cash payments at the time the transactions were recorded. These intercompany transactions are further described in Note 4 . The total net effect of these intercompany transactions prior to the Distribution Date are reflected in the Consolidated and Combined Statements of Cash Flows as financing activities . T ribune Publishing assesses its operating segments in accordance with ASC Topic 280, “Segment Reporting.” Tribune Publishing is managed by its chief operating decision maker, as defined by ASC Topic 280, as one business. Accordingly, the financial statements of Tribune Publishing are presented to reflect one reportable segment. New Accounting Standards —In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2015-03, Simplifying the Presentation of Debt Issuance Costs . This ASU requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. This ASU is effective for reporting periods beginning after December 15, 2015 and interim periods therein. It is to be applied retrospectively and early adoption is permitted. ASU 2015-03 affects presentation only and will have no effect on the Company's financial condition, results of operations or cash flows. The Company will adopt the standard in the first quarter 2016. In May 2014, the FASB issued ASU No. 2014-09, Topic 606, Revenue from Contracts with Customers , concerning revenue recognition. The new standard supersedes a majority of existing revenue recognition guidance under U.S. GAAP, and requires a company to recognize revenue when it transfers goods or services to a customer in an amount that reflects the consideration to which a company expects to be entitled. Companies may need to use more judgment and make more estimates while recognizing revenue, which could result in additional disclosures to the financial statements. ASU 2014-09 allows for either a “full retrospective” adoption or a “modified retrospective” adoption. On July 9, 2015 the FASB voted to approve a one year delay of the effective date and to permit companies to voluntarily adopt the new standard as of the original effective date. Assuming issuance of a final rule delaying the effective date, the Company expects to adopt this standard on January 1, 2018. The Company is currently evaluating the revenue recognition impact this guidance will have once implemented and the implementation approach to be used.

PROCEEDINGS UNDER CHAPTER 11

PROCEEDINGS UNDER CHAPTER 11	6 Months Ended
	Jun. 28, 2015
Reorganizations [Abstract]
PROCEEDINGS UNDER CHAPTER 11	PROCEEDINGS UNDER CHAPTER 11 Chapter 11 Reorganization —On December 8, 2008, TCO and 110 of its direct and indirect wholly-owned subsidiaries (each a “Debtor” and, collectively, the “Debtors”), filed voluntary petitions for relief under Chapter 11 (“Chapter 11”) of title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”). A joint plan of reorganization for the Debtors (the “Plan”) became effective and the Debtors emerged from Chapter 11 on December 31, 2012 (the “Effective Date”). Certain of the legal entities included in the Consolidated and Combined Financial Statements of Tribune Publishing were Debtors or, as a result of the restructuring transactions undertaken pursuant to the Plan, are successor legal entities to legal entities that were Debtors (collectively, the “Tribune Publishing Debtors”). On March 16, 2015, the Chapter 11 estates of 88 of the Debtors were closed by a final decree issued by the Bankruptcy Court. On July 24, 2015, the Chapter 11 estates of an additional 8 of the Debtors were closed by a final decree. The remainder of the Debtors’ Chapter 11 cases, including several of the Tribune Publishing Debtors’ cases, continue to be jointly administered under the caption “In re: Tribune Media Company, et al.,” Case No 08-13141. On the Effective Date, substantially all of the Debtors’ prepetition liabilities at December 30, 2012 were settled or otherwise satisfied under the Plan. However, certain other claims have been or will be settled or otherwise satisfied subsequent to the Effective Date. Although the allowed amount of certain unresolved claims has not been determined, Tribune Publishing’s liabilities subject to compromise associated with these unresolved claims were discharged upon emergence from Chapter 11 in exchange for the treatment outlined in the Plan. Reorganization Items, Net —Reorganization items, net, generally includes provisions and adjustments to reflect the carrying value of certain prepetition liabilities at their estimated allowable claim amounts and, pursuant to ASC Topic 852, “Reorganizations,” is reported separately in Tribune Publishing’s Consolidated and Combined Statements of Income. Reorganization items, net, may also include professional advisory fees and other costs directly associated with the Debtors’ Chapter 11 cases. Specifically identifiable reorganization provisions, adjustments and other costs directly related to Tribune Publishing have been included in the Company’s Consolidated and Combined Statements of Income for the three and six months ended June 28, 2015 and June 29, 2014 and consisted of the following (in thousands): Three Months Ended Six Months Ended June 28, 2015 June 29, 2014 June 28, 2015 June 29, 2014 Reorganization costs, net: Contract rejections and claim settlements $ (15 ) $ — $ (15 ) $ (7 ) Other, net (237 ) — (838 ) (2 ) Total reorganization costs, net $ (252 ) $ — $ (853 ) $ (9 ) Tribune Publishing expects to incur certain expenses pertaining to the Chapter 11 proceedings throughout 2015 and potentially in future periods. These expenses are expected to consist primarily of other costs related to the implementation of the Plan and the resolution of unresolved claims.

CHANGES IN OPERATIONS

CHANGES IN OPERATIONS	6 Months Ended
	Jun. 28, 2015
Restructuring and Related Activities [Abstract]
CHANGES IN OPERATIONS	CHANGES IN OPERATIONS Employee Reductions— Tribune Publishing identified reductions in its staffing levels of 296 and 274 in the three and six months ended June 28, 2015 , respectively. Of these reductions, 186 are related to the San Diego acquisition described in Note 5 as the Company has consolidated many of those positions into its current operating structure. In the three and six months ended June 29, 2014 , the Company had identified reductions in staffing levels in its operations of 173 and 198 positions, respectively. Tribune Publishing recorded pretax charges related to these reductions of $4.1 million and $3.4 million for the three and six months ended June 28, 2015 , respectively, and pretax charges of $2.2 million and $2.3 million for the three and six months ended June 29, 2014 , respectively. A summary of the activity with respect to Tribune Publishing’s severance accrual for the six months ended June 28, 2015 is as follows (in thousands): Balance at December 28, 2014 $ 5,038 Provision 3,423 Payments (4,558 ) Balance at June 28, 2015 $ 3,903 Charges for severance and related expenses are included in compensation expense in the accompanying Consolidated and Combined Statements of Income. For the three and six month periods ended June 29, 2014, the severance and related expenses above exclude severance and related expenses incurred by TCO and allocated to Tribune Publishing prior to the Distribution Date. See Note 4 for further discussion of allocated charges from TCO.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 28, 2015
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS In connection with the separation and distribution, Tribune Publishing entered into a transition services agreement (the “TSA”) and certain other agreements with TCO that govern the relationships between Tribune Publishing and TCO following the separation and distribution. Under the TSA, the providing company generally is allowed to fully recover all out-of-pocket costs and expenses it actually incurs in connection with providing the services, plus, in some cases, the allocated direct costs of providing the services, generally without profit. Pursuant to the TSA, TCO provides Tribune Publishing with certain services on a transitional basis. During the three and six months ended June 28, 2015 , Tribune Publishing incurred $0.3 million and $0.6 million , respectively, in charges payable to TCO under the TSA. In addition, the TSA outlines the services that Tribune Publishing will provide TCO on a transitional basis. For the three and six months ended June 28, 2015 , TCO's charges payable to Tribune Publishing were $0.3 million and $1.2 million , respectively, under the TSA. Prior to the Distribution Date, Tribune Publishing participated in a number of corporate-wide programs administered by TCO. These included participation in TCO’s centralized treasury function, insurance programs, employee benefit programs, workers’ compensation programs, and centralized service centers and other corporate functions. The following is a discussion of the relationship with TCO, the services provided and how transactions with TCO have been accounted for in the Consolidated and Combined Financial Statements. Subsequent to the Distribution Date, any programs not governed by the TSA, as described above, are now administered by Tribune Publishing and are recorded directly to operating expenses. Support Services Provided and Other Amounts with TCO —Prior to the Distribution Date, Tribune Publishing received allocated charges from TCO for certain corporate support services which were recorded within Tribune Publishing’s Consolidated and Combined Statements of Income. Management believes that the basis used for the allocations was reasonable and reflects the portion of such costs attributable to Tribune Publishing’s operations; however, the amounts may not be representative of the costs necessary for Tribune Publishing to operate as a separate stand-alone company. These allocated costs are summarized in the following table (in thousands): Three Months Ended Six Months Ended June 29, 2014 June 29, 2014 Corporate management fee $ 8,960 $ 18,020 Allocated depreciation 5,195 9,976 Service center support costs 23,099 43,384 Other 2,202 3,235 Total $ 39,456 $ 74,615 Medical and Workers’ Compensation Benefit Plans — T ribune Publishing participated in TCO-sponsored employee benefit plans, including medical and workers’ compensation. Allocations of benefit plan costs varied by plan type and were based on actuarial valuations of cost and/or liability, premium amounts and payroll. Total benefit plan costs allocated to Tribune Publishing amounted to $11.5 million and $23.1 million in the three and six months ended June 29, 2014 , respectively, and were recorded in compensation expense in the Consolidated and Combined Statements of Income. While management believes the cost allocation methods utilized for the benefit plans were reasonable and reflected the portion of such costs attributed to Tribune Publishing, the amounts may not be representative of the costs necessary for Tribune Publishing to operate as a stand-alone business. Defined Benefit Plans — Retirement benefits obligations pursuant to the TCO defined benefit pension plans have historically been and continue to be an obligation of TCO. Prior to the Distribution Date, costs related to TCO-sponsored pension plans, which totaled credits of $5.0 million and $10.4 million in the three and six months ended June 29, 2014 , respectively, were based upon a specific allocation of actuarially determined service costs plus an allocation of the remaining net periodic pension cost components based upon Tribune Publishing's proportional share of the pension liability. Through the Distribution Date, TCO-sponsored pension plan credits and expenses allocated to Tribune Publishing are recorded in compensation expense in the Consolidated and Combined Statements of Income. Subsequent to the Distribution Date, no further costs or credits were allocated. Defined Contribution Plans — Tribune Publishing’s employees have historically participated in various TCO qualified 401(k) savings plans, which permit eligible employees to make voluntary contributions on a pretax basis. The plans allowed participants to invest their savings in various investments. Amounts charged to expense by Tribune Publishing for employer contributions to TCO 401(k) savings plans totaled $2.5 million and $5.9 million in the three and six months ended June 29, 2014 , respectively, and are recorded in compensation expense in the Consolidated and Combined Statements of Income. Related Party Lease Agreements —In 2013, Tribune Publishing entered into related party lease agreements with TCO to lease certain land and buildings. The initial term of these non-cancelable related party lease agreements is either five or ten years, with two optional renewal terms. In connection with all related party lease agreements, Tribune Publishing recognized $8.4 million and $16.9 million of rent expense for the three and six months ended June 28, 2015 , respectively, and $9.6 million and $19.1 million of rent expense for the three and six months ended June 29, 2014 , respectively, recorded in other operating expense.

ACQUISITIONS

ACQUISITIONS	6 Months Ended
	Jun. 28, 2015
Business Combinations [Abstract]
Acquisitions	ACQUISITIONS The San Diego Union-Tribune On May 21, 2015 , the Company completed the acquisition of MLIM, LLC (“MLIM”), the indirect owner of The San Diego Union-Tribune (f/k/a the U-T San Diego ) and nine community weeklies and related digital properties in San Diego County, California, pursuant to the Membership Interest Purchase Agreement (the “Agreement”), dated May 7, 2015, among the Company, MLIM Holdings, LLC, the Papa Doug Trust under agreement dated January 11, 2010, Douglas F. Manchester and Douglas W. Manchester, and MLIM, as amended effective May 21, 2015. As of the closing of the transaction, the Company acquired 100% of the equity interests in MLIM. The stated purchase price was $85 million , consisting of $73 million in cash, subject to a working capital adjustment, and $12 million in Tribune Publishing common stock. The Company financed the $73 million cash portion of the purchase price, less a $2 million preliminary working capital adjustment at close, with a combination of cash-on-hand and funds available under the Company's existing Senior ABL Facility, as defined in Note 10, as well as the net proceeds of the term loan increase as further described in Note 10 . The Company has also recorded an estimated $3 million in additional working capital adjustments due from the seller, that had not been finalized as of the filing date. Prior to the closing of the acquisition, certain assets and liabilities of MLIM related to the business and the operation of The San Diego Union-Tribune , including real property used by the business, were distributed to the seller or its affiliates. Upon the close of the acquisition, MLIM became a wholly-owned subsidiary of the Company, and retained certain liabilities, including certain legal matters and its existing pension obligations, and entered into a lease to use certain real property from the seller. The seller has provided the Company a full indemnity with respect to certain legal matters which were at various states of adjudication at the date of the acquisition. In one such matter, a consolidated class action against a predecessor entity to MLIM which asserts various claims on behalf of home delivery newspaper carriers alleged to have been misclassified as independent contractors, the plaintiffs have been granted a judgment comprised of unreimbursed business expenses, interest and attorney's fees totaling approximately $10 million . The defendant has appealed the judgment. Inasmuch as such judgment represents a liability of the acquired entity which is subject to indemnification, the initial purchase price allocation reflects the assignment of $10 million to both the litigation judgment liability and the seller indemnification asset and is reflected in the Consolidated and Combined Balance Sheet as other long-term assets and other obligations. On the closing of the acquisition, the Company entered into a Registration Rights Agreement with the seller, whereby the seller would be entitled to certain registration rights with respect to the shares of common stock of the Company acquired in connection with the Agreement. As part of the acquisition, the Company became the sponsor of a single-employer defined benefit plan, The San Diego Union-Tribune, LLC Retirement Plan (the “San Diego Plan”). The San Diego Plan provides benefits to certain current and former employees of The San Diego Union-Tribune. Future benefits under the plan have been frozen since January 31, 2009. As of June 28, 2015, the estimated underfunded status of the San Diego Plan was $109.0 million which is based upon the January 4, 2015 actuarial determination completed by the seller, adjusted for current year pre-acquisition activity. The allocation of the purchase price presented below is based upon management’s preliminary estimates. As of the filing date of this report, the determination of the fair value of the assets acquired and liabilities assumed and the funded status of the pension plan assumed have not been completed. The definite-lived intangible assets are expected to be amortized over a total weighted average period of nine years that includes a three to six year life for subscriber relationships, a three to eleven year life for advertiser relationships and a one year life for other customer relationships. The acquired property and equipment will be depreciated on a straight-line basis over its estimated remaining useful lives. Goodwill is calculated as the excess of the consideration transferred over the fair value of the identifiable net assets acquired and represents the future economic benefits expected to arise from other intangible assets acquired that do not qualify for separate recognition, including assembled workforce and non-contractual relationships, as well as expected future cost and revenue synergies. The entire amount of purchase price allocated to intangible assets and $23.9 million of goodwill will be deductible for tax purposes pursuant to Internal Revenue Code Section 197 over a 15 year period. At the acquisition date, the purchase price assigned to the acquired assets and assumed liabilities is as follows (in thousands): Consideration for acquisition, less cash acquired and working capital adjustments $ 78,708 Less: Shares issued for acquisition (11,039 ) Cash consideration for acquisition $ 67,669 Allocated Fair Value of Acquired Assets and Assumed Liabilities Accounts receivable and other current assets $ 11,782 Property, plant and equipment 241 Intangible assets subject to amortization: Subscriber relationships (useful life of 3 to 6 years) 9,873 Advertiser relationships (useful life of 3 to 11 years) 14,605 Other customer relationships (useful life of 1 year) 529 Mastheads and intangible assets not subject to amortization 43,945 Deferred taxes 43,617 Other long-term assets 10,000 Accounts payable and other current liabilities (19,818 ) Pension and postemployment benefits liability (109,042 ) Other long-term liabilities (12,393 ) Total identifiable net assets (liabilities) (6,661 ) Goodwill 85,369 Total net assets acquired $ 78,708 The Company included the results of operations of MLIM in the Consolidated and Combined Financial Statements beginning on the closing date of the acquisition. For the three and six months ended June 28, 2015, the revenues from MLIM were $14.7 million and the total operating expenses were approximately $14.8 million . The pro forma effect of the acquisition is not material to the Company’s Consolidated and Combined Financial Statements.

INVENTORIES

INVENTORIES	6 Months Ended
	Jun. 28, 2015
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Inventories consisted of the following (in thousands): As of June 28, 2015 December 28, 2014 Newsprint $ 15,513 $ 16,174 Supplies and other 439 477 Total inventories $ 15,952 $ 16,651 Inventories are stated at the lower of cost or market determined using the first-in, first-out (“FIFO”) basis for all inventories.

GOODWILL, OTHER INTANGIBLE ASSE

GOODWILL, OTHER INTANGIBLE ASSETS AND INTANGIBLE LIABILITIES	6 Months Ended
	Jun. 28, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL, OTHER INTANGIBLE ASSETS AND INTANGIBLE LIABILITIES	GOODWILL, OTHER INTANGIBLE ASSETS AND INTANGIBLE LIABILITIES Goodwill, other intangible assets and intangible liabilities at June 28, 2015 and December 28, 2014 consisted of the following (in thousands): June 28, 2015 December 28, 2014 Gross Amount Accumulated Amortization Net Amount Gross Amount Accumulated Amortization Net Amount Intangible assets subject to amortization Subscribers (useful life of 2 to 10 years) $ 18,367 $ (2,729 ) $ 15,638 $ 8,494 $ (2,121 ) $ 6,373 Advertiser relationships (useful life of 2 to 13 years) 42,971 (5,923 ) 37,048 28,366 (4,596 ) 23,770 Affiliate agreements (useful life of 4 years) 12,458 (7,500 ) 4,958 11,929 (5,965 ) 5,964 Tradenames (useful life of 20 years) 15,100 (686 ) 14,414 15,100 (317 ) 14,783 Other (useful life of 1 to 20 years) 5,541 (1,218 ) 4,323 5,540 (958 ) 4,582 Total intangible assets subject to amortization $ 94,437 $ (18,056 ) $ 76,381 $ 69,429 $ (13,957 ) $ 55,472 Goodwill and other intangible assets not subject to amortization Goodwill 127,038 41,669 Newspaper mastheads and other intangible assets not subject to amortization 75,745 31,800 Total goodwill and other intangible assets $ 279,164 $ 128,941 Intangible liabilities subject to amortization Unfavorable lease contracts $ (1,736 ) $ 404 $ (1,332 ) $ (570 ) $ 359 $ (211 ) Total intangible liabilities subject to amortization $ (1,736 ) $ 404 $ (1,332 ) $ (570 ) $ 359 $ (211 ) The changes in the carrying amounts of intangible assets subject to amortization during the six months ended June 28, 2015 were as follows (in thousands): Intangible assets subject to amortization Balance at December 28, 2014 $ 55,472 Acquisitions 25,008 Amortization (4,099 ) Balance at June 28, 2015 $ 76,381 The changes in the carrying amounts of goodwill and intangible assets not subject to amortization during the six months ended June 28, 2015 were as follows (in thousands): Goodwill Other intangible assets not subject to amortization Balance at December 28, 2014 $ 41,669 $ 31,800 Acquisitions 85,369 43,945 Balance at June 28, 2015 $ 127,038 $ 75,745

INVESTMENTS

INVESTMENTS	6 Months Ended
	Jun. 28, 2015
Equity Method Investments and Joint Ventures [Abstract]
INVESTMENTS	INVESTMENTS Investments consist of equity method investments in private companies totaling $3.9 million and $3.4 million at June 28, 2015 and December 28, 2014 , respectively: % Owned Company June 28, 2015 December 28, 2014 CIPS Marketing Group, Inc. 50 % 50 % Homefinder.com, LLC 33 % 33 % Contend, LLC 20 % 20 % Jean Knows Cars, LLC 20 % — On January 8, 2015, the Company purchased a 20% interest in Jean Knows Cars, LLC for $0.5 million . Jean Knows Cars, LLC is a content creation company that develops and produces digital content relating to the car industry.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 28, 2015
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Tribune Publishing measures and records in its Consolidated and Combined Financial Statements certain assets and liabilities at fair value. ASC Topic 820, “Fair Value Measurements and Disclosures,” establishes a fair value hierarchy for instruments measured at fair value that distinguishes between assumptions based on market data (observable inputs) and Tribune Publishing’s own assumptions (unobservable inputs). This hierarchy consists of the following three levels: • Level 1-Assets and liabilities whose values are based on unadjusted quoted prices for identical assets or liabilities in an active market. • Level 2-Assets and liabilities whose values are based on inputs other than those included in Level 1, including quoted market prices in markets that are not active; quoted prices of assets or liabilities with similar attributes in active markets; or valuation models whose inputs are observable or unobservable but corroborated by market data. • Level 3-Assets and liabilities whose values are based on valuation models or pricing techniques that utilize unobservable inputs that are significant to the overall fair value measurement. The carrying values of cash, trade accounts receivable and trade accounts payable approximated their respective fair values due to their short term to maturity.

DEBT

DEBT	6 Months Ended
	Jun. 28, 2015
Debt Disclosure [Abstract]
DEBT	DEBT At June 28, 2015 , Tribune Publishing had $411.3 million in variable-rate debt outstanding under the Term Loan Credit Agreement, as defined below. The weighted average interest rate for the variable-rate debt is 5.75% . At June 28, 2015 , the fair value of the Term Loan Credit Agreement was estimated to be $412.3 million . The Company's Term Loan Credit Agreement's classification is determined based on Level 2 inputs, because the fair value for these instruments is determined using observable inputs in non-active markets. See below for details related to the Company's debt agreements. Senior Term Facility On May 21, 2015, the Company entered into a lender joinder agreement (“Joinder Agreement”) with Citicorp North America, Inc. (“Citi”) and JPMorgan Chase Bank, N.A. to partially finance the acquisition of The San Diego Union-Tribune . See Note 5. This Joinder Agreement expanded the borrowings under the Senior Term Facility, described below, by $70 million . This borrowing bears the same interest rate and has the same maturity date as the existing loans under the Senior Term Facility. On August 4, 2014, the Company entered into a credit agreement (as amended, amended and restated or supplemented, the “Term Loan Credit Agreement”) with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent (in such capacity, the “Term Collateral Agent”), and the lenders party thereto (the “Senior Term Facility”). The Senior Term Facility originally provided for secured loans (the “Term Loans”) in the aggregate principal amount of $350.0 million . The Term Loans bear interest at a variable interest rate based on either LIBOR or a base rate, in either case plus an applicable margin. The Term Loans amortize in equal quarterly installments equal to 1.25% of principal amounts borrowed against the Senior Term Facility with the balance payable on the maturity date, August 4, 2021. The Senior Term Facility initially provided that it could be expanded by an amount up to (i) the greater of $100.0 million and an amount as will not cause the net senior secured leverage ratio after giving effect to such incurrence to exceed 2:1 plus (ii) an amount equal to all voluntary prepayments of the term loans borrowed under the Senior Term Facility, subject to certain conditions. As of June 28, 2015, $70 million of the expansion had been drawn for the acquisition described previously. Tribune Publishing Company is the borrower under the Senior Term Facility and each of the Company’s wholly-owned domestic subsidiaries, subject to certain exceptions, (the “Subsidiary Guarantors”) guarantee the payment obligations under the Senior Term Facility. The Senior Term Facility contains a number of covenants that, among other things, limit the ability of Tribune Publishing Company and its restricted subsidiaries to: incur more indebtedness; pay dividends; redeem stock or make other distributions in respect of equity; make investments; and certain other usual and customary covenants. As of June 28, 2015 , the outstanding balance under the Senior Term Facility is $411.3 million , the unamortized balance of the discount is $4.1 million and the Company was in compliance with the covenants of the Senior Term Facility. Senior ABL Facility On August 4, 2014, Tribune Publishing Company and the Subsidiary Guarantors entered into a credit agreement (the “ABL Credit Agreement”) with Bank of America, N.A., as administrative agent, collateral agent (in such capacity, the “ABL Collateral Agent”), swing line lender and letter of credit issuer and the lenders party thereto (the “Senior ABL Facility”). The Senior ABL Facility will mature on August 4, 2019. The Senior ABL Facility provides for senior secured revolving loans and letters of credit of up to a maximum aggregate principal amount of $140.0 million . Up to $75.0 million of availability under the Senior ABL Facility is available for letters of credit and up to $15.0 million of availability under the Senior ABL Facility is available for swing line loans. The Senior ABL Facility also permits Tribune Publishing Company to increase the commitments under the Senior ABL Facility by up to $75.0 million . The Senior ABL Facility bears interest at a variable interest rate based on either LIBOR or a base rate, in either case plus an applicable margin. Tribune Publishing Company and the Subsidiary Guarantors are the borrowers under the Senior ABL Facility. Tribune Publishing Company and the Subsidiary Guarantors guarantee the payment obligations under the Senior ABL Facility. The Senior ABL Facility contains a number of covenants that, among other things, limit the ability of Tribune Publishing Company and its restricted subsidiaries to: incur more indebtedness; pay dividends; redeem stock or make other distributions in respect of equity; make investments; and certain other usual and customary covenants. Customary fees are payable in respect of the Senior ABL Facility, including commitment fees of 0.25% and letter of credit fees. As of June 28, 2015 , $21.5 million of the Senior ABL Facility availability supported outstanding undrawn letters of credit in the same amount. Letter of Credit Agreement On August 4, 2014, Tribune Publishing Company and JPMorgan Chase Bank, N.A., as letter of credit issuer (the “L/C Issuer”) entered into a letter of credit agreement (the “Letter of Credit Agreement”). The Letter of Credit Agreement provides for the issuance of standby letters of credit of up to a maximum aggregate principal face of $30.0 million . The Letter of Credit Agreement permits Tribune Publishing Company, at the sole discretion of L/C Issuer, to request an increase of the amount available to be issued under the Letter of Credit Agreement up to an aggregate maximum face amount of $50.0 million . The Letter of Credit Agreement is scheduled to terminate on August 4, 2019. As of June 28, 2015 , a $27.5 million undrawn letter of credit was outstanding against the Letter of Credit Agreement. This letter of credit was collateralized with $27.5 million of cash held in a specified cash collateral account. The specified cash account is required to remain as long as the undrawn letter of credit remains outstanding and is recorded in restricted cash in the Consolidated and Combined Balance Sheets.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 28, 2015
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES For the three and six months ended June 28, 2015 , Tribune Publishing recorded income tax expense of $1.7 million and $3.5 million , respectively. The effective tax rate on pretax income was 33.2% and 37.5% in the three and six months ended June 28, 2015 , respectively. During the three months ended June 28, 2015, the Company increased the estimated deferred tax rate on net deferred tax assets from 39.5% to 40.0% which resulted in a decrease in the current period income tax expense of $0.5 million . For the three and six months ended June 28, 2015 , the rate differs from the U.S. federal statutory rate of 35% primarily due to state income taxes, net of federal benefit, non-deductible expenses and the domestic production activities deduction, as well as a change in the deferred tax rate that was applied to current and non-current deferred tax assets and liabilities. For the three and six months ended June 29, 2014 , Tribune Publishing recorded income tax expense of $10.9 million and $19.6 million . The effective tax rate on pretax income was 41.9% and 42.1% in the three and six months ended June 29, 2014 . This rate differs from the U.S. federal statutory rate of 35% due primarily to state income taxes, net of federal benefit, nondeductible expenses, certain transaction costs not fully deductible for tax purposes and the domestic production activities deduction.

PENSION AND OTHER POSTRETIREMEN

PENSION AND OTHER POSTRETIREMENT BENEFITS	6 Months Ended
	Jun. 28, 2015
Compensation and Retirement Disclosure [Abstract]
PENSION AND OTHER POSTRETIREMENT BENEFITS	PENSION AND OTHER POSTRETIREMENT BENEFITS Multiemployer Pension Plans —Tribune Publishing contributes to a number of multiemployer defined benefit pension plans under the terms of collective-bargaining agreements that cover its union-represented employees. See Note 4 for the description of costs and credits related to TCO-sponsored pension plans. Defined Benefit Plans —As part of the acquisition of The San Diego Union-Tribune , the Company became the sponsor of the San Diego Plan, a single-employer defined benefit plan. The San Diego Plan provides benefits to certain current and former employees of The San Diego Union-Tribune. Future benefits under the San Diego Plan have been frozen since January 31, 2009. The funded status of the San Diego Plan is being actuarially determined as of May 21, 2015, the closing date for The San Diego Union-Tribune acquisition, and that determination had not been completed as of the filing date of this report. As of June 28, 2015, the estimated underfunded status of the San Diego Plan was $109.0 million . This estimate of the underfunded status of the plan is based upon the January 4, 2015 actuarially determined underfunded status of the San Diego Plan adjusted for the 2015 pre-acquisition activity recorded for the plan. As of January 4, 2015, the benefit obligation was $267.9 million and the fair value of the San Diego Plan's assets was $156.7 million . The Company expects to contribute approximately $3.0 million to the San Diego Plan in the last half of 2015. The net periodic benefit cost recorded subsequent to the acquisition was immaterial. Postretirement Benefits Other Than Pensions —Prior to the Distribution Date, retirement benefits were provided to eligible employees of Tribune Publishing through defined benefit pension plans sponsored by TCO. Subsequent to the Distribution Date, Tribune Publishing provides postretirement health care and life insurance benefits to Tribune Publishing employees. There is some variation in the provisions of these plans, including different provisions for lifetime maximums, prescription drug coverage and certain other benefits. The components of net periodic benefit cost for Tribune Publishing were as follows (in thousands): Three Months Ended Six Months Ended June 28, 2015 June 29, 2014 June 28, 2015 June 29, 2014 Service cost $ 65 $ 71 $ 132 $ 176 Interest cost 164 366 391 816 Amortization of prior service credits (701 ) — (1,402 ) — Amortization of gain (609 ) (14 ) (636 ) (14 ) Net periodic benefit cost (credit) (1,081 ) 423 (1,515 ) 978 Curtailment gain — — (7,799 ) — Net periodic benefit cost (credit) after curtailment gain $ (1,081 ) $ 423 $ (9,314 ) $ 978 In the first quarter of 2015, Tribune Publishing notified plan members that the Company was no longer going to offer the life insurance benefit effective December 27, 2015. These life insurance modifications impact a grandfathered group of employees that were eligible for post-retirement life insurance benefits based on their employment date and certain employment qualifications. The impact of this plan modification was to reduce the postretirement medical, life and other benefits liability by $7.8 million and to recognize a gain of the same amount to compensation expense. Expected Future Benefit Payments —Tribune Publishing expects to contribute $3.2 million to its other postretirement plans during 2015.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	6 Months Ended
	Jun. 28, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION The Tribune Publishing Company 2014 Omnibus Incentive Plan (the “Tribune Publishing Equity Plan”) provides for the granting of stock options, stock appreciation rights, restricted stock units (“RSU”), performance share units, restricted and unrestricted stock awards, dividend equivalents and cash awards. In the six months ended June 28, 2015 , 464,892 options and 514,164 RSUs were granted under the Tribune Publishing Equity Plan. Stock-based compensation expense under the Tribune Publishing Equity Plan totaled $1.5 million and $3.0 million during the three and six months ended June 28, 2015 , respectively. Prior to the Distribution Date, stock-based compensation expense for participants in the TCO 2013 Equity Incentive Plan who were solely dedicated to Tribune Publishing has been included in compensation expense. Stock-based compensation expense related to these Tribune Publishing employees totaled $0.6 million and $1.3 million for the three and six months ended June 29, 2014 , respectively. Stock-based compensation expense for participants in the TCO 2013 Equity Incentive Plan who provided services to but were not solely dedicated to Tribune Publishing have been allocated to Tribune Publishing through the corporate management fee and service center support costs, as described in Note 4. In the three and six months ended June 29, 2014 , the Company was allocated $1.5 million and $4.1 million , respectively, of stock-based compensation expense through the corporate management fee and service center support costs. As of June 28, 2015 , the Company has $3.8 million of total unrecognized compensation costs related to unvested options, which is expected to be recognized over a weighted-average period of 3.12 years . Additionally, as of June 28, 2015 , the Company has $16.1 million of total unrecognized compensation cost related to unvested RSUs, which is expected to be recognized over a weighted-average period of 2.88 years .

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 28, 2015
Earnings Per Share [Abstract]
EARINGS PER SHARE	EARNINGS PER SHARE Basic earnings per common share is calculated by dividing net income attributable to Tribune Publishing common stockholders by the weighted average number of shares of common stock outstanding. Diluted earnings per common share is similarly calculated, except that the calculation includes the dilutive effect of the assumed issuance of common shares under equity-based compensation plans, except where the inclusion of such common shares would have an anti-dilutive impact. For the three and six months ended June 28, 2015 and June 29, 2014 , basic and diluted earnings per common share were as follows (in thousands, except per share amounts): Three Months Ended Six Months Ended June 28, 2015 June 29, 2014 June 28, 2015 June 29, 2014 Income - Numerator: Net income available to Tribune Publishing stockholders plus assumed conversions $ 3,398 $ 15,203 $ 5,913 $ 26,975 Shares - Denominator: Weighted average number of common shares outstanding (basic) 25,910 25,424 25,702 25,424 Dilutive effect of employee stock options and RSUs 124 — 210 — Adjusted weighted average shares outstanding (diluted) 26,034 25,424 25,912 25,424 Net income per common share: Basic $ 0.13 $ 0.60 $ 0.23 $ 1.06 Diluted $ 0.13 $ 0.60 $ 0.23 $ 1.06 The number of stock options that were excluded from the computation of diluted earnings per share because their inclusion would result in an anti-dilutive effect on per share amounts was 855,054 and 791,280 for the three and six months ended June 28, 2015 , respectively. The number of RSUs that were excluded from the computation of diluted earnings per share because their inclusion would result in an anti-dilutive effect on per share amounts was 411,449 and 7,981 for the three and six months ended June 28, 2015 , respectively. On August 4, 2014, approximately 25.4 million shares of the Company's common stock were distributed to TCO and TCO stockholders and warrant holders who held shares or warrants as of the record date of July 28, 2014. This share amount is being utilized for the calculation of both basic and diluted earnings per common share for all periods prior to the Distribution Date. Dividends On June 22, 2015, the Board of Directors of the Company declared a dividend of $0.175 per share on common stock outstanding, to be paid on August 14, 2015, to stockholders of record on July 15, 2015. On May 15, 2015, the Company paid a dividend of $0.175 per share on common stock outstanding, to stockholders of record on April 15, 2015.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME	6 Months Ended
	Jun. 28, 2015
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME	ACCUMULATED OTHER COMPREHENSIVE INCOME The following table sets forth the components of accumulated other comprehensive income (loss), net of tax where applicable (in thousands): June 28, 2015 December 28, 2014 Accumulated other comprehensive income (loss), net of tax: Pension and other postretirement costs $ 9,269 $ 10,502 Foreign currency translation adjustments (60 ) (20 ) Accumulated other comprehensive income (loss) $ 9,209 $ 10,482 The following table presents the amounts and line items in the Consolidated and Combined Statements of Income where adjustments reclassified from accumulated other comprehensive income (loss) were recorded during the three and six months ended June 28, 2015 and June 29, 2014 (in thousands): Three Months Ended Six Months Ended Accumulated Other Comprehensive Income (Loss) Components June 28, 2015 June 29, 2014 June 28, 2015 June 29, 2014 Affected Line Items in the Consolidated and Combined Statements of Income Pension and postretirement benefit adjustments: Amortization of recognized actuarial gains $ (1,311 ) $ (2,192 ) $ (2,039 ) $ (2,192 ) Compensation Total before taxes (1,311 ) (2,192 ) (2,039 ) (2,192 ) Tax effect 517 866 805 866 Income tax expense Total reclassifications for the period $ (794 ) $ (1,326 ) $ (1,234 ) $ (1,326 )

SUPPLEMENTAL CASH FLOW INFORMAT

SUPPLEMENTAL CASH FLOW INFORMATION	6 Months Ended
	Jun. 28, 2015
Supplemental Cash Flow Elements [Abstract]
SUPPLEMENTAL CASH FLOW INFORMATION	SUPPLEMENTAL CASH FLOW INFORMATION Supplemental cash flow information for each of the periods presented is as follows (in thousands): Six Months Ended June 28, June 29, Cash paid during the period for: Interest $ 10,454 $ 55 Income taxes, net 13,529 11,060 Non-cash items in investing and financing activities: Shares issued for acquisitions 11,039 — Non-cash additions to construction in progress 7,042 80

DESCRIPTION OF BUSINESS AND B25

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION (Policies)	6 Months Ended
	Jun. 28, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation —T he accompanying unaudited Consolidated and Combined Financial Statements and notes of Tribune Publishing have been prepared in accordance with United States generally accepted accounting principles ( “U.S. GAAP ”). The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the unaudited Consolidated and Combined Financial Statements and accompanying notes. Actual results could differ from these estimates. In the opinion of management, the financial statements contain all adjustments necessary to present fairly the financial position of Tribune Publishing as of June 28, 2015 and December 28, 2014, the results of operations for the three and six months ended June 28, 2015 and June 29, 2014 and the cash flows for the six months ended June 28, 2015 and June 29, 2014 . Results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Certain prior period amounts have been reclassified to conform to current period classifications. The year-end Consolidated and Combined Balance Sheet was derived from audited financial statements, but does not include all disclosures required by U.S. GAAP. Prior to the Distribution Date, separate financial statements were not prepared for Tribune Publishing. The accompanying unaudited Consolidated and Combined Financial Statements for the periods presented prior to the Distribution Date were derived from the historical accounting records of TCO and present Tribune Publishing’s Consolidated and Combined financial position, results of operations and cash flows as of and for the periods presented as if Tribune Publishing was a separate entity through the Distribution Date. The costs of TCO services that are specifically identifiable to Tribune Publishing are included in these Consolidated and Combined Financial Statements. The costs of TCO services that are incurred by TCO but are not specifically identifiable to Tribune Publishing have been allocated to Tribune Publishing and are included in the pre-spin Consolidated and Combined Financial Statements on a basis that management considered to be a reasonable reflection of the utilization of services provided or the benefit received by Tribune Publishing during the periods presented. Management believes that assumptions and methodologies underlying the allocation of general corporate expenses are reasonable. However, such expenses prior to the Distribution Date may not be indicative of the actual level of expense that would have been incurred had Tribune Publishing operated as a separate stand-alone entity, and, accordingly, may not necessarily reflect Tribune Publishing’s consolidated financial position, results of operations and cash flows had Tribune Publishing operated as a stand-alone entity during the periods presented. See Note 4 for further information on costs allocated from TCO. Subsequent to the Distribution Date, Tribune Publishing's financial statements are presented on a consolidated basis as the Company became a separate consolidated entity. All intercompany accounts within Tribune Publishing have been eliminated in consolidation. For periods prior to the Distribution Date, all significant intercompany transactions between Tribune Publishing and TCO have been included within the Consolidated and Combined Financial Statements and are considered to be effectively settled through equity contributions or distributions or through cash payments at the time the transactions were recorded. These intercompany transactions are further described in Note 4 . The total net effect of these intercompany transactions prior to the Distribution Date are reflected in the Consolidated and Combined Statements of Cash Flows as financing activities . T ribune Publishing assesses its operating segments in accordance with ASC Topic 280, “Segment Reporting.” Tribune Publishing is managed by its chief operating decision maker, as defined by ASC Topic 280, as one business. Accordingly, the financial statements of Tribune Publishing are presented to reflect one reportable segment.
New Accounting Standards	New Accounting Standards —In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2015-03, Simplifying the Presentation of Debt Issuance Costs . This ASU requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. This ASU is effective for reporting periods beginning after December 15, 2015 and interim periods therein. It is to be applied retrospectively and early adoption is permitted. ASU 2015-03 affects presentation only and will have no effect on the Company's financial condition, results of operations or cash flows. The Company will adopt the standard in the first quarter 2016. In May 2014, the FASB issued ASU No. 2014-09, Topic 606, Revenue from Contracts with Customers , concerning revenue recognition. The new standard supersedes a majority of existing revenue recognition guidance under U.S. GAAP, and requires a company to recognize revenue when it transfers goods or services to a customer in an amount that reflects the consideration to which a company expects to be entitled. Companies may need to use more judgment and make more estimates while recognizing revenue, which could result in additional disclosures to the financial statements. ASU 2014-09 allows for either a “full retrospective” adoption or a “modified retrospective” adoption. On July 9, 2015 the FASB voted to approve a one year delay of the effective date and to permit companies to voluntarily adopt the new standard as of the original effective date. Assuming issuance of a final rule delaying the effective date, the Company expects to adopt this standard on January 1, 2018. The Company is currently evaluating the revenue recognition impact this guidance will have once implemented and the implementation approach to be used.

PROCEEDINGS UNDER CHAPTER 11 (T

PROCEEDINGS UNDER CHAPTER 11 (Tables)	6 Months Ended
	Jun. 28, 2015
Reorganizations [Abstract]
Reorganization Items, Consolidated Financial Statements	Specifically identifiable reorganization provisions, adjustments and other costs directly related to Tribune Publishing have been included in the Company’s Consolidated and Combined Statements of Income for the three and six months ended June 28, 2015 and June 29, 2014 and consisted of the following (in thousands): Three Months Ended Six Months Ended June 28, 2015 June 29, 2014 June 28, 2015 June 29, 2014 Reorganization costs, net: Contract rejections and claim settlements $ (15 ) $ — $ (15 ) $ (7 ) Other, net (237 ) — (838 ) (2 ) Total reorganization costs, net $ (252 ) $ — $ (853 ) $ (9 )

CHANGES IN OPERATIONS (Tables)

CHANGES IN OPERATIONS (Tables)	6 Months Ended
	Jun. 28, 2015
Restructuring and Related Activities [Abstract]
Severance Accrual	A summary of the activity with respect to Tribune Publishing’s severance accrual for the six months ended June 28, 2015 is as follows (in thousands): Balance at December 28, 2014 $ 5,038 Provision 3,423 Payments (4,558 ) Balance at June 28, 2015 $ 3,903

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	6 Months Ended
	Jun. 28, 2015
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	These allocated costs are summarized in the following table (in thousands): Three Months Ended Six Months Ended June 29, 2014 June 29, 2014 Corporate management fee $ 8,960 $ 18,020 Allocated depreciation 5,195 9,976 Service center support costs 23,099 43,384 Other 2,202 3,235 Total $ 39,456 $ 74,615

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	6 Months Ended
	Jun. 28, 2015
Business Combinations [Abstract]
Schedule of Business Acquisitions, by Acquisition	At the acquisition date, the purchase price assigned to the acquired assets and assumed liabilities is as follows (in thousands): Consideration for acquisition, less cash acquired and working capital adjustments $ 78,708 Less: Shares issued for acquisition (11,039 ) Cash consideration for acquisition $ 67,669 Allocated Fair Value of Acquired Assets and Assumed Liabilities Accounts receivable and other current assets $ 11,782 Property, plant and equipment 241 Intangible assets subject to amortization: Subscriber relationships (useful life of 3 to 6 years) 9,873 Advertiser relationships (useful life of 3 to 11 years) 14,605 Other customer relationships (useful life of 1 year) 529 Mastheads and intangible assets not subject to amortization 43,945 Deferred taxes 43,617 Other long-term assets 10,000 Accounts payable and other current liabilities (19,818 ) Pension and postemployment benefits liability (109,042 ) Other long-term liabilities (12,393 ) Total identifiable net assets (liabilities) (6,661 ) Goodwill 85,369 Total net assets acquired $ 78,708

INVENTORIES (Tables)

INVENTORIES (Tables)	6 Months Ended
	Jun. 28, 2015
Inventory Disclosure [Abstract]
Schedule of Inventory	Inventories consisted of the following (in thousands): As of June 28, 2015 December 28, 2014 Newsprint $ 15,513 $ 16,174 Supplies and other 439 477 Total inventories $ 15,952 $ 16,651

GOODWILL, OTHER INTANGIBLE AS31

GOODWILL, OTHER INTANGIBLE ASSETS AND INTANGIBLE LIABILITIES (Tables)	6 Months Ended
	Jun. 28, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Goodwill, Other Intangible Assets and Intangible Liabilities	Goodwill, other intangible assets and intangible liabilities at June 28, 2015 and December 28, 2014 consisted of the following (in thousands): June 28, 2015 December 28, 2014 Gross Amount Accumulated Amortization Net Amount Gross Amount Accumulated Amortization Net Amount Intangible assets subject to amortization Subscribers (useful life of 2 to 10 years) $ 18,367 $ (2,729 ) $ 15,638 $ 8,494 $ (2,121 ) $ 6,373 Advertiser relationships (useful life of 2 to 13 years) 42,971 (5,923 ) 37,048 28,366 (4,596 ) 23,770 Affiliate agreements (useful life of 4 years) 12,458 (7,500 ) 4,958 11,929 (5,965 ) 5,964 Tradenames (useful life of 20 years) 15,100 (686 ) 14,414 15,100 (317 ) 14,783 Other (useful life of 1 to 20 years) 5,541 (1,218 ) 4,323 5,540 (958 ) 4,582 Total intangible assets subject to amortization $ 94,437 $ (18,056 ) $ 76,381 $ 69,429 $ (13,957 ) $ 55,472 Goodwill and other intangible assets not subject to amortization Goodwill 127,038 41,669 Newspaper mastheads and other intangible assets not subject to amortization 75,745 31,800 Total goodwill and other intangible assets $ 279,164 $ 128,941 Intangible liabilities subject to amortization Unfavorable lease contracts $ (1,736 ) $ 404 $ (1,332 ) $ (570 ) $ 359 $ (211 ) Total intangible liabilities subject to amortization $ (1,736 ) $ 404 $ (1,332 ) $ (570 ) $ 359 $ (211 )
Schedule of Intangible Assets Subject to Amortization	The changes in the carrying amounts of intangible assets subject to amortization during the six months ended June 28, 2015 were as follows (in thousands): Intangible assets subject to amortization Balance at December 28, 2014 $ 55,472 Acquisitions 25,008 Amortization (4,099 ) Balance at June 28, 2015 $ 76,381
Schedule of Intangible Assets Not Subject To Amortization	The changes in the carrying amounts of goodwill and intangible assets not subject to amortization during the six months ended June 28, 2015 were as follows (in thousands): Goodwill Other intangible assets not subject to amortization Balance at December 28, 2014 $ 41,669 $ 31,800 Acquisitions 85,369 43,945 Balance at June 28, 2015 $ 127,038 $ 75,745

INVESTMENTS (Tables)

INVESTMENTS (Tables)	6 Months Ended
	Jun. 28, 2015
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	Investments consist of equity method investments in private companies totaling $3.9 million and $3.4 million at June 28, 2015 and December 28, 2014 , respectively: % Owned Company June 28, 2015 December 28, 2014 CIPS Marketing Group, Inc. 50 % 50 % Homefinder.com, LLC 33 % 33 % Contend, LLC 20 % 20 % Jean Knows Cars, LLC 20 % —

PENSION AND OTHER POSTRETIREM33

PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)	6 Months Ended
	Jun. 28, 2015
Compensation and Retirement Disclosure [Abstract]
Schedule of Net Periodic Benefit Cost	The components of net periodic benefit cost for Tribune Publishing were as follows (in thousands): Three Months Ended Six Months Ended June 28, 2015 June 29, 2014 June 28, 2015 June 29, 2014 Service cost $ 65 $ 71 $ 132 $ 176 Interest cost 164 366 391 816 Amortization of prior service credits (701 ) — (1,402 ) — Amortization of gain (609 ) (14 ) (636 ) (14 ) Net periodic benefit cost (credit) (1,081 ) 423 (1,515 ) 978 Curtailment gain — — (7,799 ) — Net periodic benefit cost (credit) after curtailment gain $ (1,081 ) $ 423 $ (9,314 ) $ 978

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 28, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	For the three and six months ended June 28, 2015 and June 29, 2014 , basic and diluted earnings per common share were as follows (in thousands, except per share amounts): Three Months Ended Six Months Ended June 28, 2015 June 29, 2014 June 28, 2015 June 29, 2014 Income - Numerator: Net income available to Tribune Publishing stockholders plus assumed conversions $ 3,398 $ 15,203 $ 5,913 $ 26,975 Shares - Denominator: Weighted average number of common shares outstanding (basic) 25,910 25,424 25,702 25,424 Dilutive effect of employee stock options and RSUs 124 — 210 — Adjusted weighted average shares outstanding (diluted) 26,034 25,424 25,912 25,424 Net income per common share: Basic $ 0.13 $ 0.60 $ 0.23 $ 1.06 Diluted $ 0.13 $ 0.60 $ 0.23 $ 1.06

ACCUMULATED OTHER COMPREHENSI35

ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)	6 Months Ended
	Jun. 28, 2015
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table sets forth the components of accumulated other comprehensive income (loss), net of tax where applicable (in thousands): June 28, 2015 December 28, 2014 Accumulated other comprehensive income (loss), net of tax: Pension and other postretirement costs $ 9,269 $ 10,502 Foreign currency translation adjustments (60 ) (20 ) Accumulated other comprehensive income (loss) $ 9,209 $ 10,482
Reclassification out of Accumulated Other Comprehensive Income	The following table presents the amounts and line items in the Consolidated and Combined Statements of Income where adjustments reclassified from accumulated other comprehensive income (loss) were recorded during the three and six months ended June 28, 2015 and June 29, 2014 (in thousands): Three Months Ended Six Months Ended Accumulated Other Comprehensive Income (Loss) Components June 28, 2015 June 29, 2014 June 28, 2015 June 29, 2014 Affected Line Items in the Consolidated and Combined Statements of Income Pension and postretirement benefit adjustments: Amortization of recognized actuarial gains $ (1,311 ) $ (2,192 ) $ (2,039 ) $ (2,192 ) Compensation Total before taxes (1,311 ) (2,192 ) (2,039 ) (2,192 ) Tax effect 517 866 805 866 Income tax expense Total reclassifications for the period $ (794 ) $ (1,326 ) $ (1,234 ) $ (1,326 )

SUPPLEMENTAL CASH FLOW INFORM36

SUPPLEMENTAL CASH FLOW INFORMATION (Tables)	6 Months Ended
	Jun. 28, 2015
Supplemental Cash Flow Elements [Abstract]
Schedule of Cash Flow, Supplemental Disclosures	Supplemental cash flow information for each of the periods presented is as follows (in thousands): Six Months Ended June 28, June 29, Cash paid during the period for: Interest $ 10,454 $ 55 Income taxes, net 13,529 11,060 Non-cash items in investing and financing activities: Shares issued for acquisitions 11,039 — Non-cash additions to construction in progress 7,042 80

DESCRIPTION OF BUSINESS AND B37

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION (Details)	Aug. 04, 2014shares	Jun. 28, 2015segment	May. 21, 2015weekly_newspaper
Segment Reporting Information [Line Items]
Issuance of stock in the Distribution (in shares)	25,042,263
Common stock outstanding (shares)	381,354
Number of operating segments | segment		1
Number of reporting segments | segment		1
Common Stock | Tribune Media Company
Segment Reporting Information [Line Items]
Outstanding shares distributed (percent)	98.50%
Conversion ratio	0.25
Percentage of outstanding share retained (percent)	1.50%
San Diego Union Tribune
Segment Reporting Information [Line Items]
Number of community weeklies and related digital properties | weekly_newspaper			9

PROCEEDINGS UNDER CHAPTER 11 (D

PROCEEDINGS UNDER CHAPTER 11 (Details Textual)	Dec. 08, 2008subsidiary	Jul. 24, 2015claim	Mar. 16, 2015claim
Fresh-Start Adjustment [Line Items]
Direct and indirect wholly-owned subsidiaries | subsidiary	110
Number of claims closed by Bankruptcy Court			88
Subsequent Event
Fresh-Start Adjustment [Line Items]
Number of claims closed by Bankruptcy Court		8

PROCEEDINGS UNDER CHAPTER 11 (R

PROCEEDINGS UNDER CHAPTER 11 (Reorganization Items) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Reorganizations [Abstract]
Contract rejections and claim settlements	$ (15)	$ 0	$ (15)	$ (7)
Other, net	(237)	0	(838)	(2)
Total reorganization costs, net	$ (252)	$ 0	$ (853)	$ (9)

CHANGES IN OPERATIONS (Details)

CHANGES IN OPERATIONS (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2015USD ($)position	Jun. 29, 2014USD ($)position	Jun. 28, 2015USD ($)position	Jun. 29, 2014USD ($)position
Restructuring Cost and Reserve [Line Items]
Reductions in staffing levels in operations | position	296	173	274	198
Provision	$ 4,100	$ 2,200	$ 3,423	$ 2,300
Severance Accrual [Roll Forward]
Balance at			5,038
Provision	4,100	$ 2,200	3,423	$ 2,300
Payments			(4,558)
Balance at	$ 3,903		$ 3,903
San Diego Union Tribune
Restructuring Cost and Reserve [Line Items]
Reductions in staffing levels in operations | position			186

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Textual) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 28, 2015USD ($)	Jun. 29, 2014USD ($)	Jun. 28, 2015USD ($)	Jun. 29, 2014USD ($)	Dec. 29, 2013renewal_term
Medical And Workers' Compensation Benefit Plan
Related Party Transaction [Line Items]
Service cost (credit)	$ (1,081)	$ 423	$ (9,314)	$ 978
TCO
Related Party Transaction [Line Items]
Employer contributions		2,500		5,900
TCO | Transition Service Agreement
Related Party Transaction [Line Items]
Accrued expenses from TSA agreement	300		600
Accrued receivables from TSA agreement	300		1,200
TCO | Lease Agreements
Related Party Transaction [Line Items]
Number of lease agreement renewal terms | renewal_term					2
Rent expense	$ 8,400	9,600	$ 16,900	19,100
TCO | Lease Agreements | Minimum
Related Party Transaction [Line Items]
Lease period					5 years
TCO | Lease Agreements | Maximum
Related Party Transaction [Line Items]
Lease period					10 years
TCO | Medical And Workers' Compensation Benefit Plan
Related Party Transaction [Line Items]
Service cost (credit)		11,500		23,100
TCO | Pension Plan, Defined Benefit
Related Party Transaction [Line Items]
Service cost (credit)		$ (5,000)		$ (10,400)

RELATED PARTY TRANSACTIONS (Sch

RELATED PARTY TRANSACTIONS (Schedule of Support Services and Other Amounts) (Details) - Jun. 29, 2014 - TCO - USD ($) $ in Thousands	Total	Total
Related Party Transaction [Line Items]
Selling, general and administrative expenses	$ 39,456	$ 74,615
Corporate management fee
Related Party Transaction [Line Items]
Selling, general and administrative expenses	8,960	18,020
Allocated depreciation
Related Party Transaction [Line Items]
Selling, general and administrative expenses	5,195	9,976
Service center support costs
Related Party Transaction [Line Items]
Selling, general and administrative expenses	23,099	43,384
Other
Related Party Transaction [Line Items]
Selling, general and administrative expenses	$ 2,202	$ 3,235

ACQUISITIONS (Details Textual)

ACQUISITIONS (Details Textual) $ in Thousands	May. 21, 2015USD ($)weekly_newspaper	Jun. 28, 2015USD ($)	Jun. 29, 2014USD ($)	Jun. 28, 2015USD ($)	Jun. 29, 2014USD ($)
Business Acquisition [Line Items]
Underfunded status of plan		$ 109,000		$ 109,000
Revenues		410,429	$ 429,923	806,661	$ 846,445
Total operating expenses		398,812	$ 404,912	784,148	$ 800,663
San Diego Union Tribune
Business Acquisition [Line Items]
Number of community weeklies and related digital properties | weekly_newspaper	9
Percentage of equity interests acquired	100.00%
Consideration for acquisition, less cash acquired and working capital adjustments	$ 85,000
Cash portion of purchase price	73,000
Value of shares issued for acquisition	12,000
Working capital adjustment	2,000
Additional working capital adjustments due from seller	3,000
Litigation settlement	10,000
Litigation judgment liability	10,000
Seller indemnification asset	$ 10,000
Underfunded status of plan		109,000		109,000
Useful life	9 years
Revenues		14,700		14,700
Total operating expenses		$ 14,800		$ 14,800
Goodwill, deductible for tax purposes	$ 23,900
San Diego Union Tribune | Subscriber relationships | Minimum
Business Acquisition [Line Items]
Useful life	3 years
San Diego Union Tribune | Subscriber relationships | Maximum
Business Acquisition [Line Items]
Useful life	6 years
San Diego Union Tribune | Advertiser relationships | Minimum
Business Acquisition [Line Items]
Useful life	3 years
San Diego Union Tribune | Advertiser relationships | Maximum
Business Acquisition [Line Items]
Useful life	11 years
San Diego Union Tribune | Other Customer Relationships
Business Acquisition [Line Items]
Useful life	1 year

ACQUISITIONS (Purchase Price Al

ACQUISITIONS (Purchase Price Allocation) (Details) - USD ($) $ in Thousands	May. 21, 2015	Jun. 28, 2015	Dec. 28, 2014
Allocated Fair Value of Acquired Assets and Assumed Liabilities
Goodwill		$ 127,038	$ 41,669
San Diego Union Tribune
Business Acquisition [Line Items]
Consideration for acquisition, less cash acquired and working capital adjustments	$ 78,708
Less: Shares issued for acquisition	(11,039)
Cash consideration for acquisition	67,669
Allocated Fair Value of Acquired Assets and Assumed Liabilities
Accounts receivable and other current assets	11,782
Property, plant and equipment	241
Mastheads and intangible assets not subject to amortization	43,945
Deferred taxes	43,617
Other long-term assets	10,000
Accounts payable and other current liabilities	(19,818)
Pension and postemployment benefits liability	(109,042)
Other long-term liabilities	(12,393)
Total identifiable net assets (liabilities)	(6,661)
Goodwill	85,369
Total net assets acquired	$ 78,708
Useful life	9 years
San Diego Union Tribune | Subscriber relationships
Allocated Fair Value of Acquired Assets and Assumed Liabilities
Intangible assets subject to amortization:	$ 9,873
San Diego Union Tribune | Subscriber relationships | Minimum
Allocated Fair Value of Acquired Assets and Assumed Liabilities
Useful life	3 years
San Diego Union Tribune | Subscriber relationships | Maximum
Allocated Fair Value of Acquired Assets and Assumed Liabilities
Useful life	6 years
San Diego Union Tribune | Advertiser relationships
Allocated Fair Value of Acquired Assets and Assumed Liabilities
Intangible assets subject to amortization:	$ 14,605
San Diego Union Tribune | Advertiser relationships | Minimum
Allocated Fair Value of Acquired Assets and Assumed Liabilities
Useful life	3 years
San Diego Union Tribune | Advertiser relationships | Maximum
Allocated Fair Value of Acquired Assets and Assumed Liabilities
Useful life	11 years
San Diego Union Tribune | Other Customer Relationships
Allocated Fair Value of Acquired Assets and Assumed Liabilities
Intangible assets subject to amortization:	$ 529
Useful life	1 year

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Jun. 28, 2015	Dec. 28, 2014
Inventory Disclosure [Abstract]
Newsprint	$ 15,513	$ 16,174
Supplies and other	439	477
Total inventories	$ 15,952	$ 16,651

GOODWILL, OTHER INTANGIBLE AS46

GOODWILL, OTHER INTANGIBLE ASSETS AND INTANGIBLE LIABILITIES (Summary of Goodwill and Other Intangibles) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 28, 2015	Dec. 28, 2014
Finite-Lived Intangible Assets, Net [Abstract]
Gross Amount	$ 94,437	$ 69,429
Accumulated Amortization	(18,056)	(13,957)
Net Amount	76,381	55,472
Goodwill	127,038	41,669
Newspaper mastheads and other intangible assets not subject to amortization	75,745	31,800
Total goodwill and other intangible assets	279,164	128,941
Intangible liabilities subject to amortization
Gross Amount	(1,736)	(570)
Accumulated Amortization	404	359
Net Amount	(1,332)	(211)
Subscribers
Finite-Lived Intangible Assets, Net [Abstract]
Gross Amount	18,367	8,494
Accumulated Amortization	(2,729)	(2,121)
Net Amount	$ 15,638	$ 6,373
Subscribers | Minimum
Finite-Lived Intangible Assets, Net [Abstract]
Useful life	2 years	2 years
Subscribers | Maximum
Finite-Lived Intangible Assets, Net [Abstract]
Useful life	10 years	10 years
Advertiser relationships
Finite-Lived Intangible Assets, Net [Abstract]
Gross Amount	$ 42,971	$ 28,366
Accumulated Amortization	(5,923)	(4,596)
Net Amount	$ 37,048	$ 23,770
Advertiser relationships | Minimum
Finite-Lived Intangible Assets, Net [Abstract]
Useful life	2 years	2 years
Advertiser relationships | Maximum
Finite-Lived Intangible Assets, Net [Abstract]
Useful life	13 years	13 years
Affiliate agreements
Finite-Lived Intangible Assets, Net [Abstract]
Gross Amount	$ 12,458	$ 11,929
Accumulated Amortization	(7,500)	(5,965)
Net Amount	$ 4,958	$ 5,964
Useful life	4 years	4 years
Tradenames
Finite-Lived Intangible Assets, Net [Abstract]
Gross Amount	$ 15,100	$ 15,100
Accumulated Amortization	(686)	(317)
Net Amount	$ 14,414	$ 14,783
Useful life	20 years	20 years
Other
Finite-Lived Intangible Assets, Net [Abstract]
Gross Amount	$ 5,541	$ 5,540
Accumulated Amortization	(1,218)	(958)
Net Amount	$ 4,323	$ 4,582
Other | Minimum
Finite-Lived Intangible Assets, Net [Abstract]
Useful life	1 year	1 year
Other | Maximum
Finite-Lived Intangible Assets, Net [Abstract]
Useful life	20 years	20 years

GOODWILL, OTHER INTANGIBLE AS47

GOODWILL, OTHER INTANGIBLE ASSETS AND INTANGIBLE LIABILITIES (Intangible Assets Subject to Amortization) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Intangible assets subject to amortization [Roll Forward]
Balance at			$ 55,472
Acquisitions			25,008
Amortization	$ (2,215)	$ (1,621)	(4,099)	$ (3,227)
Balance at	$ 76,381		$ 76,381

GOODWILL, OTHER INTANGIBLE AS48

GOODWILL, OTHER INTANGIBLE ASSETS AND INTANGIBLE LIABILITIES (Changes in Carrying Amounts) (Details) $ in Thousands	6 Months Ended
	Jun. 28, 2015USD ($)
Goodwill [Roll Forward]
Balance at	$ 41,669
Acquisitions	85,369
Balance at	127,038
Other intangible assets not subject to amortization [Roll Forward]
Balance at	31,800
Acquisitions	43,945
Balance at	$ 75,745

INVESTMENTS (Details)

INVESTMENTS (Details) - USD ($) $ in Thousands	Jan. 08, 2015	Jun. 28, 2015	Jun. 29, 2014	Dec. 28, 2014
Schedule of Equity Method Investments [Line Items]
Equity method investments		$ 3,906		$ 3,370
Equity method investment, aggregate cost		$ 542	$ 1,009
CIPS Marketing Group, Inc.
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage		50.00%		50.00%
Homefinder.com, LLC
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage		33.00%		33.00%
Contend, LLC
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage		20.00%		20.00%
Jean Knows Cars, LLC
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	20.00%	20.00%		0.00%
Equity method investment, aggregate cost	$ 500

DEBT (Details)

DEBT (Details) - USD ($)	Aug. 04, 2014	Jun. 28, 2015
Letter of Credit
Line of Credit Facility [Line Items]
Potential increase in borrowing capacity	$ 75,000,000
Senior Term Facility
Line of Credit Facility [Line Items]
Principal amount		$ 411,300,000
Weighted average interest rate		5.75%
Fair value outstanding		$ 412,300,000
Increase to borrowing capacity		70,000,000
Stated interest rate (percent)	1.25%
Potential increase in borrowing capacity	$ 100,000,000
Unamortized balance of the discount		4,100,000
Maximum borrowing capacity	350,000,000
Senior ABL Facility
Line of Credit Facility [Line Items]
Principal amount	140,000,000
Potential increase in borrowing capacity	15,000,000
Senior ABL Facility | Letter of Credit
Line of Credit Facility [Line Items]
Potential increase in borrowing capacity	$ 75,000,000
Amount outstanding		21,500,000
Senior ABL Facility | Letter of Credit | LIBOR
Line of Credit Facility [Line Items]
Commitment fee (percent)	0.25%
Letter of Credit
Line of Credit Facility [Line Items]
Principal amount	$ 30,000,000
Amount outstanding		27,500,000
Maximum borrowing capacity	$ 50,000,000
Restricted Cash and Investments, Noncurrent		$ 27,500,000

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 28, 2015	Mar. 29, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Income Tax Disclosure [Abstract]
Income tax expense	$ 1,686		$ 10,945	$ 3,542	$ 19,598
Effective tax rate	33.20%		41.90%	37.50%	42.10%
Change in enacted tax rate	40.00%	39.50%
Decrease in income tax expense	$ 500
U.S. Federal Statutory Rate	35.00%		35.00%	35.00%	35.00%

PENSION AND OTHER POSTRETIREM52

PENSION AND OTHER POSTRETIREMENT BENEFITS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014	Jan. 04, 2015
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Underfunded status of plan	$ 109,000		$ 109,000
Benefit obligation					$ 267,900
Fair value of plan assets					$ 156,700
Expected future contributions for rest of current year			3,000
Curtailment gain			7,800
Other Postretirement Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	65	$ 71	132	$ 176
Interest cost	164	366	391	816
Amortization of prior service credits	(701)	0	(1,402)	0
Amortization of gain	(609)	(14)	(636)	(14)
Net periodic benefit cost (credit)	(1,081)	423	(1,515)	978
Curtailment gain	0	0	(7,799)	0
Net periodic benefit cost (credit) after curtailment gain	$ (1,081)	$ 423	(9,314)	$ 978
Expected plan contribution			$ 3,200

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 1.5	$ 0.6	$ 3	$ 1.3
Stock-based compensation plan expenses
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense		$ 1.5		$ 4.1
Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Costs not yet recognized	3.8		$ 3.8
Costs not yet recognized, period for recognition			3 years 1 month 15 days
RSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Costs not yet recognized	$ 16.1		$ 16.1
Costs not yet recognized, period for recognition			2 years 10 months 18 days
Tribune Publishing Equity Plan | Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued			464,892
Tribune Publishing Equity Plan | RSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued			514,164

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	Jun. 22, 2015	May. 15, 2015	Aug. 04, 2014	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Income - Numerator:
Net income available to Tribune Publishing stockholders plus assumed conversions				$ 3,398	$ 15,203	$ 5,913	$ 26,975
Shares - Denominator:
Weighted average number of common shares outstanding (basic)				25,910,000	25,424,000	25,702,000	25,424,000
Dilutive effect of employee stock options and RSUs				124,000	0	210,000	0
Adjusted weighted average shares outstanding (diluted)				26,034,000	25,424,000	25,912,000	25,424,000
Net income per common share:
Basic (in dollars per share)				$ 0.13	$ 0.60	$ 0.23	$ 1.06
Diluted (in dollars per share)				0.13	0.60	0.23	1.06
Dividends declared per common share: (in dollars per share)	$ 0.175			$ 0.175	$ 0	$ 0.350	$ 0
Dividends paid per common share: (in dollars per share)		$ 0.175
Common Stock
Net income per common share:
Issuance of stock in the distribution (in shares)			25,400,000
Option
Net income per common share:
Antidilutive securities excluded from computation of EPS				855,054		791,280
RSU
Net income per common share:
Antidilutive securities excluded from computation of EPS				411,449		7,981

ACCUMULATED OTHER COMPREHENSI55

ACCUMULATED OTHER COMPREHENSIVE INCOME (Details) - USD ($) $ in Thousands	Jun. 28, 2015	Dec. 28, 2014
Accumulated other comprehensive income (loss), net of tax:
Accumulated other comprehensive income (loss)	$ 9,209	$ 10,482
Pension and other postretirement costs
Accumulated other comprehensive income (loss), net of tax:
Accumulated other comprehensive income (loss)	9,269	10,502
Foreign currency translation adjustments
Accumulated other comprehensive income (loss), net of tax:
Accumulated other comprehensive income (loss)	$ (60)	$ (20)

ACCUMULATED OTHER COMPREHENSI56

ACCUMULATED OTHER COMPREHENSIVE INCOME (Reclassifications) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amortization of recognized actuarial gains	$ 156,384	$ 140,939	$ 305,615	$ 284,651
Total before taxes	5,084	26,148	9,455	46,573
Tax effect	(1,686)	(10,945)	(3,542)	(19,598)
Net income	3,398	15,203	5,913	26,975
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total before taxes	(1,311)	(2,192)	(2,039)	(2,192)
Tax effect	517	866	805	866
Net income	(794)	(1,326)	(1,234)	(1,326)
Pension and postretirement benefit adjustments: | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amortization of recognized actuarial gains	$ (1,311)	$ (2,192)	$ (2,039)	$ (2,192)

SUPPLEMENTAL CASH FLOW INFORM57

SUPPLEMENTAL CASH FLOW INFORMATION (Details) - USD ($) shares in Thousands, $ in Thousands	6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014
Cash paid during the period for:
Interest	$ 10,454	$ 55
Income taxes, net	$ 13,529	$ 11,060
Non-cash items in investing and financing activities:
Shares issued for acquisitions	11,039	0
Non-cash additions to construction in progress	$ 7,042	$ 80