Tribune Media 10-Q 9 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	6 Months Ended
	Jun. 30, 2016	Jul. 31, 2016
Entity Listings [Line Items]
Entity Registrant Name	Tribune Media Company
Entity Central Index Key	726,513
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Common Class A
Entity Listings [Line Items]
Entity Common Stock, Shares Outstanding		90,577,694
Common Class B
Entity Listings [Line Items]
Entity Common Stock, Shares Outstanding		5,605

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Operating Revenues
Television and Entertainment	$ 467,149	$ 445,622	$ 921,846	$ 855,922
Digital and Data	47,334	43,625	100,587	93,827
Other	11,630	12,277	24,195	24,512
Total operating revenues	526,113	501,524	1,046,628	974,261
Operating Expenses
Programming	122,803	137,682	246,970	231,198
Direct operating expenses	115,198	112,533	229,274	215,521
Selling, general and administrative	175,032	165,122	363,372	315,595
Depreciation	17,519	17,966	34,857	35,020
Amortization	49,421	48,437	98,799	96,208
Total operating expenses	479,973	481,740	973,272	893,542
Operating Profit	46,140	19,784	73,356	80,719
Income on equity investments, net	44,306	45,913	82,558	82,847
Interest and dividend income	241	43	386	410
Interest expense	(41,907)	(40,374)	(83,883)	(79,586)
Loss on extinguishment of debt	0	(37,040)	0	(37,040)
Gain on investment transaction	0	8,133	0	8,820
Other non-operating (loss) gain	(75)	211	421	211
Reorganization items, net	(366)	(628)	(800)	(1,620)
Income (Loss) Before Income Taxes	48,339	(3,958)	72,038	54,761
Income tax expense (benefit)	209,902	(693)	222,508	21,609
Net (Loss) Income	$ (161,563)	$ (3,265)	$ (150,470)	$ 33,152
Net (Loss) Earnings Per Common Share:
Basic (usd per share)	$ (1.76)	$ (0.04)	$ (1.64)	$ 0.34
Diluted (usd per share)	(1.76)	(0.04)	(1.64)	0.34
Regular Cash Dividend
Net (Loss) Earnings Per Common Share:
Dividends declared per common share (usd per share)	0.25	0.25	0.50	0.25
Special Cash Dividend
Net (Loss) Earnings Per Common Share:
Dividends declared per common share (usd per share)	$ 0	$ 0	$ 0	$ 6.73

Condensed Consolidated Stateme3

Condensed Consolidated Statements of Comprehensive Income (Loss) Statement - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Statement of Comprehensive Income [Abstract]
Net (Loss) Income	$ (161,563)	$ (3,265)	$ (150,470)	$ 33,152
Change in unrecognized benefit plan losses arising during the period, net of taxes of $2,367 and $(1,737) for the three and six months ended June 30, 2016 and June 30, 2015, respectively	3,671	(2,694)	3,671	(2,694)
Adjustment for previously unrecognized benefit plan gains and losses included in net income, net of taxes of $(20) and $8 for the three months ended June 30, 2016 and June 30, 2015, respectively, and $(57) and $5 for the six months ended June 30, 2016 and June 30, 2015, respectively	(30)	12	(88)	7
Change in unrecognized benefit plan gains and losses, net of taxes	3,641	(2,682)	3,583	(2,687)
Change in unrealized holding gain arising during the period, net of taxes of $909 and $(583) for three months ended June 30, 2016 and June 30, 2015, respectively, and $685 and $(1,188) for the six months ended June 30, 2016 and June 30, 2015, respectively	1,346	(904)	998	(1,843)
Change in foreign currency translation adjustments, net of taxes of $(1,161) and $766 for the three months ended June 30, 2016 and June 30, 2015, respectively, and $(1,095) and $(407) for the six months ended June 30, 2016 and June 30, 2015, respectively	(4,176)	523	(133)	(4,868)
Other Comprehensive Income (Loss), net of taxes	811	(3,063)	4,448	(9,398)
Comprehensive (Loss) Income	$ (160,752)	$ (6,328)	$ (146,022)	$ 23,754

Condensed Consolidated Stateme4

Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Statement of Comprehensive Income [Abstract]
Taxes on Change in unrecognized benefit plan losses arising during the period	$ 2,367	$ (1,737)	$ 2,367	$ (1,737)
Taxes on Adjustment for previously unrecognized benefit plan losses included in net income	(20)	8	(57)	5
Taxes on Change in unrealized holding gain arising during the period	909	(583)	685	(1,188)
Taxes on Change in foreign currency translation adjustments	$ (1,161)	$ 766	$ (1,095)	$ (407)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current Assets
Cash and cash equivalents	$ 366,640	$ 262,644
Restricted cash and cash equivalents	17,579	17,595
Accounts receivable (net of allowances of $8,138 and $8,176)	447,964	466,628
Broadcast rights	140,278	160,240
Income taxes receivable	21,985	42,838
Prepaid expenses	35,489	63,337
Other	9,383	8,663
Total current assets	1,039,318	1,021,945
Properties
Property, plant and equipment	698,019	818,658
Accumulated depreciation	(182,996)	(160,801)
Net properties	515,023	657,857
Other Assets
Broadcast rights	163,289	203,422
Goodwill	3,562,586	3,561,812
Other intangible assets, net	2,141,638	2,240,199
Assets held for sale	295,542	206,422	[1]
Investments	1,652,954	1,692,700
Other	96,318	124,506	[2]
Total other assets	7,912,327	8,029,061
Total Assets	9,466,668	9,708,863	[1]
Current Liabilities
Accounts payable	61,603	60,394
Debt due within one year (net of unamortized discounts and debt issuance costs of $7,938 and $7,979)	19,904	19,862	[2]
Income taxes payable	8,711	3,458
Income tax reserves	125,400	0
Employee compensation and benefits	70,576	87,976
Contracts payable for broadcast rights	193,851	236,676
Deferred revenue	39,297	44,721
Interest payable	30,057	33,828
Other	43,827	53,885
Total current liabilities	593,226	540,800
Non-Current Liabilities
Long-term debt (net of unamortized discounts and debt issuance costs of $44,271 and $48,809)	3,400,106	3,409,489	[2],[3]
Deferred income taxes	1,043,818	984,032
Contracts payable for broadcast rights	318,575	385,107
Contract intangible liability, net	5,100	13,772
Pension obligations, net	437,985	456,073
Postretirement, medical, life and other benefits	15,475	16,092
Other obligations	68,453	71,776
Total non-current liabilities	5,289,512	5,336,341
Total Liabilities	5,882,738	5,877,141
Commitments and Contingent Liabilities
Shareholders’ Equity
Preferred stock	0	0
Common Stock	157	100
Treasury stock, at cost: 9,415,191 shares at June 30, 2016 and 7,670,216 shares at December 31, 2015 (Note 11)	(469,380)	(400,153)
Additional paid-in-capital	4,586,905	4,619,618
Retained deficit	(472,821)	(322,351)
Accumulated other comprehensive loss	(66,568)	(71,016)
Total Tribune Media Company shareholders’ equity	3,578,293	3,826,198
Noncontrolling interest	5,637	5,524
Total shareholders’ equity	3,583,930	3,831,722
Total Liabilities and Shareholders’ Equity	9,466,668	9,708,863
Class A Common Stock
Shareholders’ Equity
Common Stock	157	100
Total shareholders’ equity	157	100
Class B Common Stock
Shareholders’ Equity
Common Stock	0	0
Total shareholders’ equity	$ 0	$ 0
[1]	(1) December 31, 2015 balances have been reclassified to present debt issuance costs as a direct deduction from the carrying amount of an associated debt liability in accordance with ASU 2015-03. See Note 1 for further information.
[2]	(1) December 31, 2015 balances have been reclassified to present debt issuance costs as a direct deduction from the carrying amount of an associated debt liability in accordance with ASU 2015-03.
[3]	(1) December 31, 2015 balances have been reclassified to present debt issuance costs as a direct deduction from the carrying amount of an associated debt liability in accordance with ASU 2015-03. See Note 1 for further information.

Condensed Consolidated Balance6

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Allowance for Doubtful Accounts	$ 8,138	$ 8,176
Preferred stock par value (usd per share)	$ 0.001	$ 0.001
Preferred stock authorized (shares)	40,000,000	40,000,000
Preferred stock issued (shares)	0	0
Preferred stock outstanding (shares)	0	0
Treasury stock (shares)	9,415,191	7,670,216
Class A Common Stock
Common stock, par value (usd per share)	$ 0.001	$ 0.001
Common stock, authorized (shares)	1,000,000,000	1,000,000,000
Common stock, issued shares (shares)	100,378,256	100,015,546
Common stock, outstanding (shares)	90,963,065	92,345,330
Class B Common Stock
Common stock, par value (usd per share)	$ 0.001	$ 0.001
Common stock, authorized (shares)	1,000,000,000	1,000,000,000
Common stock, issued shares (shares)	5,605	5,605
Common stock, outstanding (shares)	5,605	5,605
Senior Secured Credit Agreement | Term Loan Facility
Unamortized discounts and debt issuance costs	$ 35,207	$ 39,147
Current | Senior Secured Credit Agreement | Term Loan Facility
Unamortized discounts and debt issuance costs	7,938	7,979
Noncurrent | Senior Secured Credit Agreement | Term Loan Facility
Unamortized discounts and debt issuance costs	$ 44,271	$ 48,809

Condensed Consolidated Stateme7

Condensed Consolidated Statement Of Shareholders' Equity - 6 months ended Jun. 30, 2016 - USD ($) $ in Thousands		Total	Class A Common Stock	Class B Common Stock	Retained Deficit	Accumulated Other Comprehensive (Loss) Income	Additional Paid-In Capital	Treasury Stock	Non- controlling Interest	Regular Cash DividendAdditional Paid-In Capital
Balance at December 31, 2015, shares at Dec. 31, 2015			100,015,546	5,605
Balance at December 31, 2015 at Dec. 31, 2015		$ 3,831,722	$ 100	$ 0	$ (322,351)	$ (71,016)	$ 4,619,618	$ (400,153)	$ 5,524
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss		(150,470)			(150,470)
Other comprehensive income, net of taxes		4,448				4,448
Comprehensive loss		(146,022)
Regular dividends declared to shareholders and warrant holders, $0.50 per share	[1]	(46,174)								$ (46,174)
Warrant exercises, shares			132,066
Stock-based compensation		17,906					17,906
Net share settlements of stock-based awards, shares			230,644
Net share settlements of stock-based awards		(4,377)	$ 57				(4,445)	11
Common stock repurchases		(69,238)						(69,238)
Contribution from noncontrolling interest		113							113
Balance at June 30, 2016, shares at Jun. 30, 2016			100,378,256	5,605
Balance at June 30, 2016 at Jun. 30, 2016		$ 3,583,930	$ 157	$ 0	$ (472,821)	$ (66,568)	$ 4,586,905	$ (469,380)	$ 5,637
[1]	Includes $0.7 million of granted dividend equivalent units.

Condensed Consolidated Stateme8

Condensed Consolidated Statement Of Shareholders' Equity (Parenthetical) $ in Millions	6 Months Ended
	Jun. 30, 2016USD ($)$ / shares
Additional Paid-In Capital
Dividend equivalent units granted | $	$ 0.7
Regular Cash Dividend
Dividends declared per common share (usd per share) | $ / shares	$ 0.50

Condensed Consolidated Stateme9

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Operating Activities
Net (Loss) Income	$ (150,470)	$ 33,152
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Stock-based compensation	18,003	16,796
Pension credit, net of contributions	(12,055)	(14,583)
Depreciation	34,857	35,020
Amortization of contract intangible assets and liabilities	(8,048)	(7,079)
Amortization of other intangible assets	98,799	96,208
Income on equity investments, net	(82,558)	(82,847)
Distributions from equity investments	125,604	129,148
Non-cash loss on extinguishment of debt	0	33,480
Original issue discount payments	0	(6,158)
Amortization of debt issuance costs and original issue discount	5,559	6,690
Gain on investment transaction	0	(8,820)
Impairment of real estate	14,600	0
Loss on sale of real estate	449	97
Other non-operating gain	(421)	(211)
Change in excess tax benefits from stock-based awards	0	532
Changes in working capital items, excluding effects from acquisitions:
Accounts receivable, net	18,256	16,925
Prepaid expenses and other current assets	27,120	(29,812)
Accounts payable	4,498	(4,174)
Employee compensation and benefits, accrued expenses and other current liabilities	(30,405)	(8,567)
Deferred revenue	(5,693)	(2,420)
Income taxes	151,485	(284,524)
Change in broadcast rights, net of liabilities	(49,261)	8,998
Deferred income taxes	57,489	(5,805)
Change in non-current obligations for uncertain tax positions	(2,824)	0
Other, net	26,335	1,576
Net cash provided by (used in) operating activities	241,319	(76,378)
Investing Activities
Capital expenditures	(35,431)	(38,717)
Acquisitions, net of cash acquired	0	(69,974)
Transfers from restricted cash	297	0
Investments	(3,451)	(2,911)
Proceeds from sales of real estate and other assets	33,702	13,750
Net cash used in investing activities	(4,883)	(97,852)
Financing Activities
Long-term borrowings	0	1,100,000
Repayments of long‑term debt	(13,920)	(1,100,342)
Long-term debt issuance costs	(784)	(20,207)
Payments of dividends	(46,174)	(672,744)
Settlement of contingent consideration	(750)	0
Common stock repurchases	(66,548)	(181,276)
Change in excess tax benefits from stock-based awards	0	(532)
Tax withholdings related to net share settlements of share-based awards	(4,377)	(3,831)
Proceeds from stock option exercises	0	166
Contribution from noncontrolling interest	113	1,324
Net cash used in financing activities	(132,440)	(877,442)
Net Increase (Decrease) in Cash and Cash Equivalents	103,996	(1,051,672)
Cash and cash equivalents, beginning of period	262,644	1,455,183
Cash and cash equivalents, end of period	366,640	403,511
Supplemental Schedule of Cash Flow Information
Interest	81,989	81,981
Income taxes, net	$ 15,868	$ 311,672

Basis Of Presentation And Signi

Basis Of Presentation And Significant Accounting Policies	6 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Significant Accounting Policies	NOTE 1: BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES Presentation —All references to Tribune Media Company or Tribune Company in the accompanying unaudited condensed consolidated financial statements encompass the historical operations of Tribune Media Company and its subsidiaries (collectively, the “Company”). The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial reporting. The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by U.S. GAAP. These unaudited condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2015 included in the Company’s Annual Report on Form 10-K. In the opinion of management, the financial statements contain all adjustments necessary to state fairly the financial position of the Company as of June 30, 2016 and the results of operations and cash flows for the three and six months ended June 30, 2016 and June 30, 2015 . All adjustments reflected in the accompanying unaudited condensed consolidated financial statements, which management believes necessary to state fairly the financial position, results of operations and cash flows, have been reflected and are of a normal recurring nature. Results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. On April 16, 2015, the Company’s Board of Directors (the “Board”) approved the change of the Company’s fiscal year end from the last Sunday in December of each year to December 31 of each year and to change the Company’s fiscal quarter end to the last calendar day of each quarter. This change in fiscal year end was effective with the Company’s second fiscal quarter of 2015, which ended on June 30, 2015. Change in Accounting Principles —In November 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-17, “Balance Sheet Classification of Deferred Taxes.” The Company elected to early adopt ASU 2015-17 prospectively in the fourth quarter of fiscal 2015 and present all deferred tax assets and liabilities, along with any related valuation allowances as of December 31, 2015, as noncurrent on the Company’s audited Consolidated Balance Sheets. The adoption of ASU 2015-17 was required to be treated as a change in accounting principle. In April 2015 , the FASB issued ASU No. 2015-03, “Interest — Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs” and in August 2015, the FASB issued ASU No. 2015-15, “Interest - Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements—Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting (SEC Update).” The Company adopted ASU 2015-03 and ASU 2015-15 retrospectively in the first quarter of fiscal 2016 and presented debt issuance costs as a direct deduction from the carrying amount of an associated debt liability, with the exception of debt issuance costs related to the Company’s Revolving Credit Facility which continue to be presented as an asset and amortized over the appropriate term. As a result of this reclassification, the carrying value of the Company’s debt as of December 31, 2015 decreased by $50 million (see Note 6 for additional information). The adoption of ASU 2015-03 and ASU 2015-15 was required to be treated as a change in accounting principle. Broadcast Rights —The Company amortizes its broadcast rights costs over the period in which an economic benefit is expected to be derived based on the timing of the usage and benefit from such programming. Newer licensed/acquired programming and original produced programming are generally amortized on an accelerated basis as the episodes are aired. For certain categories of licensed programming and feature films that have been exploited through previous cycles, amortization expense is recorded on a straight-line basis. The Company also has commitments for network and sports programming that are expensed on a straight-line basis as the programs are available to air. Management’s judgment is required in determining the timing of the expensing of these costs, and includes analyses of historical and estimated future revenue and ratings patterns for similar programming. The Company regularly reviews, and revises when necessary, its revenue estimates, which may result in a change in the rate of amortization. Amortization of broadcast rights are expensed to programming in the Company’s Consolidated Statements of Operations. As a result of an updated analysis completed in the first quarter of 2016, the Company updated its amortization model for certain categories of programming effective January 1, 2016. Program amortization for these programs is now calculated on either an accelerated or straight-line basis based upon the greater amortization resulting from either the number of episodes aired or the portion of the license period consumed. No other significant accounting policies and estimates have changed from those detailed in Note 1 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2015 . Use of Estimates —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 condensed consolidated financial statements and accompanying notes. Actual results could differ from these estimates. Dreamcatcher —Dreamcatcher Broadcasting LLC (“Dreamcatcher”) was formed in 2013 specifically to comply with the cross-ownership rules of the Federal Communications Commission (the “FCC”) related to the Company’s acquisition of Local TV, LLC on December 27, 2013 (the “Local TV Acquisition”). See Note 5 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2015 for additional information. The Company’s unaudited condensed consolidated financial statements as of and for the three and six months ended June 30, 2016 and June 30, 2015 include the results of operations and the financial position of Dreamcatcher, a fully-consolidated variable interest entity (“VIE”). Net revenues of the Dreamcatcher stations (WTKR-TV, Norfolk, VA, WGNT-TV, Portsmouth, VA and WNEP-TV, Scranton, PA) included in the Company’s unaudited Condensed Consolidated Statements of Operations for each of the three months ended June 30, 2016 and June 30, 2015 were $18 million and $17 million , respectively, and for the six months ended June 30, 2016 and June 30, 2015 , were $35 million and $32 million , respectively. Operating profits of the Dreamcatcher stations included in the Company’s unaudited Condensed Consolidated Statements of Operations for the three months ended June 30, 2016 and June 30, 2015 were $4 million and $5 million , respectively, and for the six months ended June 30, 2016 and June 30, 2015 , was $7 million in each period. The Company’s unaudited Condensed Consolidated Balance Sheets as of June 30, 2016 and December 31, 2015 include the following assets and liabilities of the Dreamcatcher stations (in thousands): June 30, 2016 December 31, 2015 (1) Property, plant and equipment, net $ 231 $ 371 Broadcast rights 852 2,748 Other intangible assets, net 87,706 92,970 Other assets 388 111 Total Assets $ 89,177 $ 96,200 Debt due within one year $ 3,996 $ 3,989 Contracts payable for broadcast rights 1,071 3,016 Long-term debt 12,770 14,736 Other liabilities 20 55 Total Liabilities $ 17,857 $ 21,796 (1) December 31, 2015 balances have been reclassified to present debt issuance costs as a direct deduction from the carrying amount of an associated debt liability in accordance with ASU 2015-03. New Accounting Standard s—In June 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326).” The standard requires entities to estimate loss of financial assets measured at amortized cost, including trade receivables, debt securities and loans, using an expected credit loss model. The expected credit loss differs from the previous incurred losses model primarily in that the loss recognition threshold of “probably” has been eliminated and that expected loss should consider reasonable and supportable forecasts in addition to the previously considered past events and current conditions. Additionally, the guidance requires additional disclosures related to the further disaggregation of information related to the credit quality of financial assets by year of the asset’s origination for as many as five years. Entities must apply the standard provision as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective. The standard is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted for annual periods beginning after December 15, 2018, and interim periods within those fiscal years. The Company is currently evaluating the impact of adopting ASU 2016-13 on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, “Compensation - Stock Compensation (Topic 718).” The new guidance requires companies to record all excess tax benefits and tax deficiencies as income tax expense or benefit in the income statement, which will eliminate additional paid-in capital pools. Companies are to apply this amendment prospectively. The guidance also requires companies to present excess tax benefits as an operating activity on the statement of cash flows, which can be applied retrospectively or prospectively. The guidance in ASU 2016-09 will allow an employer to repurchase more of an employees’ shares than it can today for tax withholding purposes without triggering liability accounting. Additionally, the guidance requires companies to make a policy election to account for forfeitures of share-based payments by either recognizing forfeitures of awards as they occur or estimating the number of awards expected to be forfeited and adjusting the estimate when it is likely to change. The election must be adopted using a modified retrospective transition method, with a cumulative-effect adjustment to retained earnings. The standard is effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. Early adoption is permitted but all of the guidance must be adopted in the same period. The Company is currently evaluating the timing and the impact of adopting ASU 2016-09 on its consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Subtopic 842).” The new guidance requires lessees to recognize assets and liabilities arising from leases as well as extensive quantitative and qualitative disclosures. A lessee will need to recognize on its balance sheet a right-of-use asset and a lease liability for the majority of its leases (other than leases that meet the definition of a short-term lease). The lease liabilities will be equal to the present value of lease payments. The right-of-use asset will be measured at the lease liability amount, adjusted for lease prepayment, lease incentives received and the lessee’s initial direct costs. The standard is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. ASU 2016-02 is required to be applied using the modified retrospective approach for all leases existing as of the effective date and provides for certain practical expedients. The Company is currently evaluating the impact of adopting ASU 2016-02 on its consolidated financial statements. In January 2016, the FASB issued ASU No. 2016-01, “Financial Instruments - Overall (Subtopic 825-10).” The new guidance requires entities to measure equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) at fair value, with changes in fair value recognized in net income and requires entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. Further, entities will no longer be able to recognize unrealized holding gains and losses on equity securities classified today as available for sale in other comprehensive income and they will no longer be able to use the cost method of accounting for equity securities that do not have readily determinable fair values. The guidance has additional amendments to presentation and disclosure requirements of financial instruments. The amendments in this ASU are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company is currently evaluating the impact of adopting ASU 2016-01 on its consolidated financial statements. In May 2014 , the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606).” The amendments in ASU 2014-09 create Topic 606, Revenue from Contracts with Customers, and supersede the revenue recognition requirements in Topic 605, Revenue Recognition, including most industry-specific revenue recognition guidance. The core principle of Topic 606 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The amendments in ASU 2014-09 are effective for annual periods beginning after December 15, 2016 , including interim periods within that reporting period. However, in August 2015, the FASB issued ASU No. 2015-14, “Revenue from Contracts with Customers (Topic 606) - Deferral of the Effective Date,” which deferred the effective date of ASU 2014-09 by one year for annual periods beginning after December 15, 2017, while allowing early adoption as of the original public entity date. In March 2016, the FASB issued ASU No. 2016-08, “Revenue from Contracts with Customers (Topic 606) - Principal versus Agent Considerations (Reporting Revenue Gross versus Net),” which clarifies the implementation guidance on principal versus agent considerations. In April 2016, the FASB issued ASU No. 2016-10, “Revenue from Contracts with Customers (Topic 606) - Identifying Performance Obligations and Licensing,” which amends the revenue recognition guidance on accounting for licenses of intellectual property and identifying performance obligations as well as clarifies when a promised good or service is separately identifiable. In May 2016, the FASB issued ASU No. 2016-12, “Revenue from Contracts with Customers (Topic 606) - Narrow-Scope Improvements and Practical Expedients,” which provides clarifying guidance in certain narrow areas such as an assessment of collectibility, presentation of sales taxes, noncash consideration, and completed contracts and contract modifications at transition as well as adds some practical expedients. The amendments in ASU 2014-09, ASU 2016-08, ASU 2016-10 and ASU 2016-12 may be applied either retrospectively to each prior period presented or retrospectively with the cumulative effect of initially applying ASU 2014-09, ASU 2016-08, ASU 2016-10 and ASU 2016-12 at the date of initial application. The Company is currently evaluating adoption methods and the impact of adopting ASU 2014-09, ASU 2016-08, ASU 2016-10 and ASU 2016-12 on its consolidated financial statements. Currently, the Company expects that the new revenue recognition standard will have an impact on revenue recognition under certain contracts in both the Television and Entertainment and Digital and Data segments.

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2016
Business Combinations [Abstract]
Acquisitions	NOTE 2: ACQUISITIONS 2015 Acquisitions In May 2015, the Company completed the acquisitions of all issued and outstanding equity interests in Infostrada Statistics B.V. (“Infostrada Sports”), SportsDirect Inc. (“SportsDirect”) and Covers Media Group (“Covers”). In conjunction with these acquisitions, the Company launched Gracenote Sports, which is a part of the Digital and Data segment’s product offerings. Infostrada Sports and SportsDirect provide the Company with in-depth sports data, including schedules, scores, play-by-play statistics, as well as team and player information for the major professional leagues around the world, including the National Football League, Major League Baseball, National Basketball Association, National Hockey League, European Football League, and the Olympics. Covers is the operator of Covers.com, a North American online sports gaming destination for scores, odds and matchups, unique editorial analysis, and industry news coverage. In May 2015, the Company also completed an acquisition of all issued and outstanding equity interests in Enswers Inc. (“Enswers”), a leading provider of automatic content recognition technology and systems based in South Korea, which expanded the Digital and Data segment’s product offerings. The total acquisition price for Infostrada Sports, SportsDirect, Covers and Enswers was $70 million , net of cash acquired. The purchase prices for the above acquisitions were allocated to the tangible and intangible assets acquired and liabilities assumed. The excess of the fair values and the related deferred taxes were allocated to goodwill, which will not be deductible for tax purposes due to the acquisitions being stock acquisitions. In connection with these acquisitions, the Company incurred a total of $3 million of transaction costs, which were recorded in selling, general and administrative expenses in the Company’s unaudited Condensed Consolidated Statements of Operations. The total purchase price for the Infostrada Sports, SportsDirect, Covers and Enswers acquisitions assigned to the acquired assets and assumed liabilities of these companies is as follows (in thousands): Consideration: Cash $ 71,768 Less: cash acquired (1,919 ) Net cash $ 69,849 Allocated Fair Value of Acquired Assets and Assumed Liabilities: Restricted cash and cash equivalents $ 404 Accounts receivable and other current assets 2,481 Property and equipment 805 Deferred tax assets 3,816 Other long term assets 157 Intangible assets subject to amortization Customer relationships (useful lives of 6 to 16 years) 17,000 Content databases (useful lives of 10 to 16 years) 13,900 Technologies (useful lives 4 to 10 years) 6,900 Trade name and trademarks (useful life of 15 years) 5,200 Non-competition agreement (useful life 5 years) 1,100 Accounts payable and other current liabilities (1,507 ) Deferred revenue (339 ) Deferred tax liabilities (10,097 ) Other liabilities (477 ) Total identifiable net assets 39,343 Goodwill 30,506 Total net assets acquired $ 69,849 The allocation presented above is based upon management’s estimate of the fair values using income, cost, and market approaches. In estimating the fair value of acquired assets and assumed liabilities, the fair value estimates are based on, but not limited to, expected future revenue and cash flows, expected future growth rates and estimated discount rates. The definite-lived intangible assets will be amortized over a total weighted average period of 12 years that include weighted average periods of 11 years for customer relationships, 14 years for content databases, 8 years for technologies, 15 years for trade name and trademarks, and 5 years for non-competition agreements. The acquired property and equipment will be depreciated on a straight-line basis over the respective 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 noncontractual relationships, as well as expected future cost and revenue synergies.

Assets Held For Sale and Sales

Assets Held For Sale and Sales of Real Estate	6 Months Ended
	Jun. 30, 2016
Assets Held-for-sale, Not Part of Disposal Group [Abstract]
Assets Held For Sale and Sales of Real Estate	Assets Held for Sale —Assets held for sale in the Company’s unaudited Condensed Consolidated Balance Sheet consisted of the following (in thousands): June 30, 2016 December 31, 2015 Real estate $ 295,542 $ 206,422 As of June 30, 2016 , the Company had 15 real estate properties held for sale, including Tribune Tower in Chicago, IL, the north block of the Los Angeles Times Square property in downtown Los Angeles, CA and the Olympic Printing Plant facility in the Arts District of downtown Los Angeles, CA (collectively, the “Marquee Properties”). In the second quarter of 2016, the Company suspended the sales process for two of its properties located in Hartford, CT and one property located in Portsmouth, VA. As a result, the Company reclassified the net book value of these properties totaling $11 million to property, plant and equipment in the Company’s Consolidated Balance sheet at June 30, 2016. The combined net carrying value of $296 million and $206 million for the properties held for sale is included in assets held for sale in the Company’s Consolidated Balance Sheet at June 30, 2016 and December 31, 2015, respectively, of which $206 million is attributable to the Marquee Properties at both June 30, 2016 and December 31, 2015. In the first half of 2016, the Company began the process to sell several real estate properties and recorded charges of $8 million and $7 million in the first quarter of 2016 and the second quarter of 2016, respectively, to write down certain properties to their estimated fair value, less the expected selling costs which were determined based on certain assumptions and judgments that are Level 3 within the fair value hierarchy. Sales of Real Estate —On June 2, 2016, the Company sold its Allentown, PA property for net proceeds of $8 million and on May 2, 2016, the Company sold its Deerfield Beach, FL property for net proceeds of $24 million . In the second quarter of 2016, the Company recorded a net loss of less than $1 million on the sale of these properties that is included in selling, general and administrative expenses (“SG&A”). On July 7, 2016, the Company sold its Seattle, WA property for net proceeds of $19 million and entered into a lease for the property. The Company expects to recognize a gain of $8 million on the sale which will be deferred and amortized over the life of the lease. On July 12, 2016, the Company sold two of its Orlando, FL properties for net proceeds of $34 million . The Company expects to record a net gain of $2 million on the sale of these properties that will be recorded in the third quarter of 2016. On July 14, 2016, the Company sold its Arlington Heights, IL property for net proceeds of $0.4 million . Each of these properties was classified as held for sale as of June 30, 2016 . Additionally, as of August 9, 2016, the Company has agreements for the sales of the Los Angeles Times Square property and the Olympic Printing Plant facility located in Los Angeles, CA, certain broadcasting properties located in Chicago, IL and Denver, CO and properties located in Baltimore, MD. All of these transactions are expected to close during the third quarter of 2016. Non-refundable deposits are currently held in escrow for the Los Angeles Times Square and Olympic Plant properties, subject to the terms of such sale agreements. The closing of these transactions is subject to certain adjustments and customary closing conditions and there can be no assurance that these sales will be completed in a timely manner or at all. In the first half of 2015, the Company sold two properties which were located in Bel Air, MD and Newport News, VA for net proceeds of $5 million and recorded a net loss of less than $1 million for the six months ended June 30, 2015.

Goodwill, Other Intangible Asse

Goodwill, Other Intangible Assets And Liabilities	6 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, Other Intangible Assets and Liabilities	NOTE 4: GOODWILL, OTHER INTANGIBLE ASSETS AND LIABILITIES Goodwill and other intangible assets consisted of the following (in thousands): June 30, 2016 December 31, 2015 Gross Amount Accumulated Amortization Net Amount Gross Amount Accumulated Amortization Net Amount Other intangible assets subject to amortization Affiliate relationships (useful life of 16 years) $ 212,000 $ (46,375 ) $ 165,625 $ 212,000 $ (39,750 ) $ 172,250 Advertiser relationships (useful life of 8 years) 168,000 (73,500 ) 94,500 168,000 (63,000 ) 105,000 Network affiliation agreements (useful life of 5 to 16 years) 362,000 (112,919 ) 249,081 362,000 (92,113 ) 269,887 Retransmission consent agreements (useful life of 7 to 12 years) 830,100 (241,975 ) 588,125 830,100 (196,955 ) 633,145 Other customer relationships (useful life of 3 to 16 years) 115,146 (28,937 ) 86,209 114,827 (23,315 ) 91,512 Content databases (useful life of 5 to 16 years) 134,613 (28,948 ) 105,665 134,299 (23,623 ) 110,676 Other technology (useful life of 4 to 10 years) 46,964 (12,987 ) 33,977 47,011 (9,733 ) 37,278 Trade names and trademarks (useful life of 3 to15 years) 14,151 (2,213 ) 11,938 13,853 (1,625 ) 12,228 Other (useful life of 3 to 11 years) 14,611 (5,493 ) 9,118 16,337 (5,514 ) 10,823 Total $ 1,897,585 $ (553,347 ) 1,344,238 $ 1,898,427 $ (455,628 ) 1,442,799 Other intangible assets not subject to amortization FCC licenses 782,600 782,600 Trade name 14,800 14,800 Total other intangible assets, net 2,141,638 2,240,199 Goodwill Television and Entertainment 3,220,300 3,220,300 Digital and Data 342,286 341,512 Total goodwill 3,562,586 3,561,812 Total goodwill and other intangible assets $ 5,704,224 $ 5,802,011 The changes in the carrying amounts of intangible assets during the six months ended June 30, 2016 were as follows (in thousands): Television and Entertainment Digital and Data Total Other intangible assets subject to amortization Balance as of December 31, 2015 $ 1,185,215 $ 257,584 $ 1,442,799 Amortization (1) (83,563 ) (15,860 ) (99,423 ) Foreign currency translation adjustment — 862 862 Balance as of June 30, 2016 $ 1,101,652 $ 242,586 $ 1,344,238 Other intangible assets not subject to amortization Balance as of June 30, 2016 and December 31, 2015 $ 797,400 $ — $ 797,400 Goodwill Gross balance as of December 31, 2015 $ 3,601,300 $ 341,512 $ 3,942,812 Accumulated impairment losses as of December 31, 2015 (381,000 ) — (381,000 ) Balance as of December 31, 2015 $ 3,220,300 $ 341,512 $ 3,561,812 Foreign currency translation adjustment — 774 774 Balance as of June 30, 2016 $ 3,220,300 $ 342,286 $ 3,562,586 Total goodwill and other intangible assets as of June 30, 2016 $ 5,119,352 $ 584,872 $ 5,704,224 (1) Amortization of intangible assets includes $1 million related to lease contract intangible assets and is recorded in SG&A in the Company’s unaudited Condensed Consolidated Statements of Operations. The Company's intangible liabilities subject to amortization consisted of the following (in thousands): June 30, 2016 December 31, 2015 Gross Amount Accumulated Amortization Net Amount Gross Amount Accumulated Amortization Net Amount Intangible liabilities subject to amortization Broadcast rights intangible liabilities $ 80,440 $ (75,377 ) $ 5,063 $ 80,440 $ (66,729 ) $ 13,711 Lease contract intangible liabilities 209 (172 ) 37 209 (148 ) 61 Total intangible liabilities subject to amortization $ 80,649 $ (75,549 ) $ 5,100 $ 80,649 $ (66,877 ) $ 13,772 As described in Note 4 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2015 , the Company recorded contract intangible liabilities totaling $227 million in connection with the adoption of fresh-start reporting on the Effective Date (as defined in Note 8 ). Of this amount, approximately $226 million was related to contracts for broadcast rights programming not yet available for broadcast. In addition, the Company recorded $9 million of intangible liabilities related to contracts for broadcast rights programming in connection with the Local TV Acquisition (see Note 5 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2015 ). These intangible liabilities are reclassified as a reduction of broadcast rights assets in the Company’s unaudited Condensed Consolidated Balance Sheet as the programming becomes available for broadcast and subsequently amortized as a reduction of programming expenses in the unaudited Condensed Consolidated Statement of Operations in accordance with the Company’s methodology for amortizing the related broadcast rights. The net changes in the carrying amounts of intangible liabilities during the six months ended June 30, 2016 were as follows (in thousands): Television and Entertainment Intangible liabilities subject to amortization Balance as of December 31, 2015 $ 13,772 Amortization (8,672 ) Balance as of June 30, 2016 $ 5,100 Amortization expense relating to amortizable intangible assets, excluding lease contract intangible assets, is expected to be approximately $99 million for the remainder of 2016 , $198 million in 2017 , $197 million in 2018 , $169 million in 2019 , $161 million in 2020 and $127 million in 2021 . Amortization of broadcast rights contract intangible assets and liabilities is expected to result in a net reduction in broadcast rights expense of approximately $3 million for the remainder of 2016 , $1 million in each of 2017 and 2018 , and less than $1 million in 2019 , 2020 , and 2021 , respectively.

Investments

Investments	6 Months Ended
	Jun. 30, 2016
Investments [Abstract]
Investments	NOTE 5: INVESTMENTS Investments consisted of the following (in thousands): June 30, 2016 December 31, 2015 Equity method investments $ 1,622,546 $ 1,668,316 Cost method investments 24,247 20,868 Marketable equity securities 6,161 3,516 Total investments $ 1,652,954 $ 1,692,700 Equity Method Investments —As discussed in Note 4 and Note 9 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2015 , the carrying value of the Company’s investments was increased by $1.615 billion to a fair value aggregating $2.224 billion as of the Effective Date (as defined in Note 8 ). Of the $1.615 billion increase, $1.108 billion was attributable to the Company’s share of theoretical increases in the carrying values of the investees’ amortizable intangible assets had the fair value of the investments been allocated to the identifiable intangible assets of the investees’ in accordance with ASC Topic 805. The remaining $507 million of the increase was attributable to goodwill and other identifiable intangibles not subject to amortization, including trade names. The Company amortizes the differences between the fair values and the investees’ carrying values of the identifiable intangible assets subject to amortization and records the amortization (the “amortization of basis difference”) as a reduction of income on equity investments, net in its unaudited Condensed Consolidated Statements of Operations. Income from equity investments, net reported in the Company’s unaudited Condensed Consolidated Statements of Operations consisted of the following (in thousands): Three Months Ended Six Months Ended June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 Income from equity investments, net, before amortization of basis difference $ 57,950 $ 59,475 $ 109,873 $ 109,971 Amortization of basis difference (13,644 ) (13,562 ) (27,315 ) (27,124 ) Income from equity investments, net $ 44,306 $ 45,913 $ 82,558 $ 82,847 Cash distributions from the Company’s equity method investments were as follows (in thousands): Three Months Ended Six Months Ended June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 Cash distributions from equity investments $ 36,258 $ 34,242 $ 125,604 $ 129,148 TV Food Network —The Company’s 31% investment in Television Food Network, G.P. (“TV Food Network”) totaled $1.259 billion and $1.314 billion at June 30, 2016 and December 31, 2015 , respectively. The Company recognized equity income from TV Food Network of $37 million and $36 million for the three months ended June 30, 2016 and June 30, 2015 , respectively, and equity income of $71 million and $66 million for the six months ended June 30, 2016 and June 30, 2015 , respectively. The Company received cash distributions from TV Food Network of $36 million and $34 million for the three months ended June 30, 2016 and June 30, 2015 , respectively, and cash distributions of $126 million and $129 million in the six months ended June 30, 2016 and June 30, 2015 , respectively. CareerBuilder —The Company’s 32% investment in CareerBuilder, LLC (“CareerBuilder”) totaled $342 million and $331 million at June 30, 2016 and December 31, 2015 , respectively. The Company recognized equity income from CareerBuilder of $8 million and $10 million for the three months ended June 30, 2016 and June 30, 2015 , respectively, and equity income of $14 million and $18 million for the six months ended June 30, 2016 and June 30, 2015 , respectively. Dose Media —The Company’s 25% investment in Dose Media, LLC (“Dose Media”) totaled $13 million and $15 million at June 30, 2016 and December 31, 2015 , respectively. Classified Ventures —As further described in Note 9 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2015 , on October 1, 2014, the Company sold its entire 27.8% equity interest in Classified Ventures, LLC (“CV”) to TEGNA, Inc. (“TEGNA”). The Company’s portion of the proceeds from the transaction was $686 million before taxes ( $426 million after taxes), of which $28 million was held in escrow and paid in the fourth quarter of 2015. Prior to closing, CV made a final distribution of all cash on hand from operations to the current owners. On April 2, 2015, the Company received an additional cash distribution of $8 million pursuant to CV’s collection of a contingent receivable, which is reflected as a non-operating gain in the Company’s Consolidated Statement of Operations for the three and six months ended June 30, 2015. Summarized Financial Information —Summarized financial information for TV Food Network is as follows (in thousands): Three Months Ended Six Months Ended June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 Revenues, net $ 298,275 $ 278,410 $ 575,451 $ 539,633 Operating income $ 188,381 $ 151,728 $ 370,377 $ 282,026 Net income $ 157,213 $ 155,770 $ 305,530 $ 289,925 Summarized financial information for CareerBuilder is as follows (in thousands): Three Months Ended Six Months Ended June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 Revenues, net $ 180,748 $ 176,034 $ 351,906 $ 351,188 Operating income $ 29,598 $ 33,614 $ 48,927 $ 63,940 Net income $ 28,842 $ 33,063 $ 49,154 $ 61,414 Marketable Equity Securities —As further described in Note 2 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2015 , on August 4, 2014, the Company completed the Publishing Spin-off and retained 381,354 shares of tronc, Inc. (“tronc”) (formerly Tribune Publishing Company) common stock, representing 1.5% of the then-outstanding common stock of tronc. The Company classified the shares of tronc common stock as available-for-sale securities. As of June 30, 2016 , the fair value and cost basis of the Company’s investment in tronc was $5 million and $0 , respectively. As of June 30, 2016 , the gross unrealized holding gain relating to the Company’s investment in tronc was $5 million and is reflected in accumulated other comprehensive income, net of taxes, in the Company’s unaudited Condensed Consolidated Balance Sheet. The Company has no current plans to sell its shares of tronc. Cost Method Investments —All of the Company’s cost method investments in private companies are recorded at cost, net of write-downs resulting from periodic evaluations of the carrying value of the investments. Chicago Cubs Transactions —As defined and further described in Note 9 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2015 , the Company consummated the closing of the Chicago Cubs Transactions on October 27, 2009 . Concurrent with the closing of the transactions, the Company executed guarantees of collection of certain debt facilities entered into by Chicago Entertainment Ventures, LLC (formerly Chicago Baseball Holdings, LLC), and its subsidiaries (collectively, “New Cubs LLC”). The guarantees are capped at $699 million plus unpaid interest. The guarantees are reduced as New Cubs LLC makes principal payments on the underlying loans. To the extent that payments are made under the guarantees, the Company will be subrogated to, and will acquire, all rights of the debt lenders against New Cubs LLC. Newsday Transactions —As defined and further described in Note 9 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2015 , the Company consummated the closing of the Newsday Transactions on July 29, 2008 . On September 2, 2015, the Company sold its 3% interest in Newsday Holdings LLC (“NHLLC”) to CSC Holdings, LLC for $8 million and recognized a $3 million gain in connection with the sale. The Company’s remaining deferred tax liability of $101 million (as described in Note 9 ) became payable upon consummation of the sale. The tax payments were made in the fourth quarter of 2015. Variable Interests —The Company evaluates its investments and other transactions to determine whether any entities associated with the investments or transactions should be consolidated under the provisions of ASC Topic 810, “Consolidation.” ASC Topic 810 requires an ongoing qualitative assessment of VIEs to assess which entity is the primary beneficiary as it has the power to direct matters that most significantly impact the activities of a VIE and has the obligation to absorb losses or benefits that could be potentially significant to the VIE. At June 30, 2016 and December 31, 2015 , the Company held variable interests in Topix, LLC (through its investment in TKG Holdings II, LLC) (“Topix”) and TREH 200E Las Olas Venture, LLC (“Las Olas LLC”). See Note 1 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2015 for additional information relating to these entities. The Company has determined that it is not the primary beneficiary of Topix and therefore has not consolidated it as of and for the periods presented in the unaudited condensed consolidated financial statements. The Company’s maximum loss exposure related to Topix is limited to its equity investment, which was $4 million at both June 30, 2016 and December 31, 2015 . The Las Olas LLC was determined to be a VIE where the Company is the primary beneficiary. The Company consolidates the financial position and results of operations of this VIE. The results of operations of the VIE as of and for the six months ended June 30, 2016 were not material. As further disclosed in Note 1 , the Company consolidates the financial position and results of operations of Dreamcatcher, a VIE where the Company is the primary beneficiary.

Debt

Debt	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Debt	NOTE 6: DEBT Debt consisted of the following (in thousands): June 30, 2016 December 31, 2015 (1) Term Loan Facility due 2020, effective interest rate of 3.82%, net of unamortized discount and debt issuance costs of $35,207 and $39,147 $ 2,320,137 $ 2,328,092 5.875% Senior Notes due 2022, net of debt issuance costs of $16,892 and $17,466 1,083,108 1,082,534 Dreamcatcher Credit Facility due 2018, effective interest rate of 4.08%, net of unamortized discount and debt issuance costs of $110 and $175 16,765 18,725 Total debt 3,420,010 3,429,351 Less: Debt due within one year 19,904 19,862 Long-term debt, net of current portion $ 3,400,106 $ 3,409,489 (1) December 31, 2015 balances have been reclassified to present debt issuance costs as a direct deduction from the carrying amount of an associated debt liability in accordance with ASU 2015-03. See Note 1 for further information. Secured Credit Facility —On December 27, 2013 , in connection with its acquisition of Local TV, the Company as borrower, entered into a $4.073 billion secured credit facility with a syndicate of lenders led by JPMorgan Chase Bank, N.A. (“JPMorgan”) (the “Secured Credit Facility”). The Secured Credit Facility consisted of a $3.773 billion term loan facility (the “Term Loan Facility”) and a $300 million revolving credit facility (the “Revolving Credit Facility”). The proceeds of the Term Loan Facility were used to pay the purchase price for Local TV and refinance the existing indebtedness of Local TV and the Term Loan Exit Facility (see Notes 3 and 5 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2015 ). The proceeds of the Revolving Credit Facility are available for working capital and other purposes not prohibited under the Secured Credit Facility. The Revolving Credit Facility includes borrowing capacity for letters of credit and for borrowings on same-day notice, referred to as “swingline loans.” Borrowings under the Revolving Credit Facility are subject to the satisfaction of customary conditions, including absence of defaults and accuracy of representations and warranties. Under the terms of the Secured Credit Facility, the amount of the Term Loan Facility and/or the Revolving Credit Facility may be increased and/or one or more additional term or revolving facilities may be added to the Secured Credit Facility by entering into one or more incremental facilities, subject to a cap equal to the greater of (x) $1.000 billion and (y) the maximum amount that would not cause the Company’s net first lien senior secured leverage ratio (treating debt incurred in reliance of this basket as secured on a first lien basis whether or not so secured), as determined pursuant to the terms of the Secured Credit Facility, to exceed 4.50 : 1.00 . The obligations of the Company under the Secured Credit Facility are guaranteed by all of the Company’s wholly-owned domestic subsidiaries, other than certain excluded subsidiaries (the “Guarantors”). The Secured Credit Facility is secured by a first priority lien on substantially all of the personal property and assets of the Company and the Guarantors, subject to certain exceptions. The Secured Credit Facility contains customary limitations, including, among other things, on the ability of the Company and its subsidiaries to incur indebtedness and liens, sell assets, make investments and pay dividends to its shareholders. Amendment On June 24, 2015, the Company, the Guarantors and JPMorgan, as administrative agent, entered into an amendment (the “Amendment”) to the Secured Credit Facility. Prior to the Amendment and the Prepayment (as defined below), $3.479 billion of term loans (the “Former Term Loans”) were outstanding under the Secured Credit Facility. Pursuant to the Amendment, certain lenders under the Secured Credit Facility converted their Former Term Loans into a new tranche of term loans (the “Converted Term B Loans”), along with certain new lenders who advanced $1.802 billion into the new tranche of term loans (the “New Term B Loans” and, together with the Converted Term B Loans, the “Term B Loans”). The proceeds of Term B Loans advanced by the new lenders were used to prepay in full all of the Former Term Loans that were not converted into Term B Loans. In connection with the Amendment, the Company used the net proceeds from the sale of the Notes (as defined below), together with cash on hand, to prepay (the “Prepayment”) $1.100 billion of the Term B Loans. After giving effect to the Amendment and the Prepayment, there were $2.379 billion of Term B Loans outstanding under the Secured Credit Facility. Term Loan Facility As a result of the Amendment, the Term B Loans bear interest, at the Company’s election, at a rate per annum equal to either (i) LIBOR, adjusted for statutory reserve requirements on Euro currency liabilities (“Adjusted LIBOR”), subject to a minimum rate of 0.75% , plus an applicable margin of 3.0% or (ii) the sum of a base rate determined as the highest of (a) the federal funds effective rate from time to time plus 0.5% , (b) the prime rate of interest announced by the administrative agent as its prime rate, and (c) Adjusted LIBOR plus 1.0% , plus an applicable margin of 2.0% . Overdue amounts under the Term Loan Facility are subject to additional interest of 2.0% per annum. The Term B Loans mature on December 27, 2020. Quarterly installments in an amount equal to 0.25% of the new principal amount of the Term B Loans are due on a quarterly basis. Voluntary prepayments of the Term B Loans are permitted at any time, in minimum principal amounts, without premium or penalty, subject to a 1.00% premium payable in connection with certain repricing transactions within the first twelve months after the Amendment. The Company is required to prepay the Term B Loans: (i) with the proceeds from certain material asset dispositions (but excluding proceeds from dispositions of publishing assets, real estate and its equity investments in CareerBuilder, LLC and, in certain instances, Television Food Network, G.P.), provided that the Company has rights to reinvest the proceeds to acquire assets for use in its business, within specified periods of time, (ii) with the proceeds from the issuance of new debt (other than debt permitted to be incurred under the Secured Credit Facility) and (iii) 50% (or, if the Company’s net first lien senior secured leverage ratio, as determined pursuant to the terms of the Secured Credit Facility, is less than or equal to 4.00 : 1.00 , then 0% ) of “excess cash flow” generated by the Company for the fiscal year, as determined pursuant to the terms of the Secured Credit Facility, less the aggregate amount of optional prepayments under the Revolving Credit Facility to the extent that such prepayments are accompanied by a permanent reduction in commitments under the Revolving Credit Facility, and subject to a $500 million minimum liquidity threshold before any such prepayment is required, provided that the Company’s mandatory prepayment obligations in the case of clause (i) and clause (iii) above do not apply at any time during which the Company’s corporate rating issued by Moody’s is Baa3 or better and BBB- or better by S&P. Prior to the Amendment, the Term Loan Facility bore interest, at the election of the Company, at a rate per annum equal to either (i) Adjusted LIBOR, subject to a minimum rate of 1.00% , plus an applicable margin of 3.0% or (ii) the sum of a base rate determined as the highest of (a) the federal funds effective rate from time to time plus 0.5% , (b) the prime rate of interest announced by the administrative agent as its prime rate, and (c) Adjusted LIBOR plus 1.0% (“Alternative Base Rate”), plus an applicable margin of 2.0% . Quarterly installments in an amount equal to 0.25% of the original principal amount of the Term Loan Facility were due beginning March 31, 2014 . On August 4, 2014, the Company used a $275 million cash dividend from tronc to permanently repay $275 million of outstanding borrowings under the Term Loan Facility. The Former Term Loans were issued at a discount of 25 basis points, totaling $9 million , which was being amortized to interest expense over the expected term of the Term Loan Facility. The Company incurred and deferred transaction costs totaling $78 million in connection with the Former Term Loans in fiscal 2013. Transaction costs of $6 million relating to the Term Loan Exit Facility (as defined and described in Note 3 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2015), which was extinguished in the fourth quarter of 2013, continued to be amortized over the term of the Term Loan Facility pursuant to ASC Topic 470 “Debt.” As of the date of the Amendment, the aggregate unamortized debt issuance costs totaled $64 million and unamortized debt issue discount totaled $8 million . In connection with the Amendment, the Company paid fees to Term B Loan lenders of $6 million , which are considered a debt discount, of which $4 million was deferred, and incurred transaction costs of $2 million , of which $1 million was deferred. The Company recorded a loss of $37 million on the extinguishment of the Former Term Loans in the Company’s unaudited Condensed Consolidated Statement of Operations in the three and six months ended June 30, 2015 as a portion of the facility was considered extinguished for accounting purposes. The loss included the write-off of unamortized transaction costs of $30 million , an unamortized discount of $4 million and other transaction costs of $4 million . The Company’s unamortized transaction costs related to the Term Loan Facility were $29 million and $32 million at June 30, 2016 and December 31, 2015 , respectively. These deferred costs are recorded as a direct deduction from the carrying amount of an associate debt liability in the Company’s unaudited Condensed Consolidated Balance Sheet and amortized to interest expense over the contractual term of the Term Loan Facility. Revolving Credit Facility Loans under the Revolving Credit Facility bear interest, at the election of the Company, at a rate per annum equal to either (i) Adjusted LIBOR plus an applicable margin in the range of 2.75% to 3.0% or (ii) the Alternative Base Rate plus an applicable margin in the range of 1.75% to 2.0% , based on the Company’s net first lien senior secured leverage ratio for the applicable period. The Revolving Credit Facility also includes a fee on letters of credit equal to the applicable margin for Adjusted LIBOR loans and a letter of credit issuer fronting fee equal to 0.125% per annum, in each case, calculated based on the stated amount of letters of credit and payable quarterly in arrears, in addition to the customary charges of the issuing bank. Under the terms of the Revolving Credit Facility, the Company is also required to pay a commitment fee, payable quarterly in arrears, calculated based on the unused portion of the Revolving Credit Facility; the commitment fee will be 0.25% , 0.375% or 0.50% based on the Company’s net first lien senior secured leverage ratio for the applicable period. Overdue amounts under the Revolving Credit Facility are subject to additional interest of 2.0% per annum. Availability under the Revolving Credit Facility will terminate, and all amounts outstanding under the Revolving Credit Facility will be due and payable on December 27, 2018 , but the Company may repay outstanding loans under the Revolving Credit Facility at any time without premium or penalty, subject to breakage costs in certain circumstances. The loans under the Revolving Credit Facility also must be prepaid and the letters of credit cash collateralized or terminated to the extent the extensions of credit under the Revolving Credit Facility exceed the amount of the revolving commitments. The Revolving Credit Facility includes a covenant which requires the Company to maintain a net first lien leverage ratio of no greater than 5.25 to 1.00 for each period of four consecutive fiscal quarters most recently ended. The covenant is only required to be tested at the end of each fiscal quarter if the aggregate amount of revolving loans, swingline loans and letters of credit (other than undrawn letters of credit and letters of credit that have been fully cash collateralized) outstanding exceed 25% of the amount of revolving commitments. This covenant was not required to be tested for the quarterly period ended June 30, 2016 . At June 30, 2016 and December 31, 2015 , there were no borrowings outstanding under the Revolving Credit Facility; however, there were $23 million , as of both periods, of standby letters of credit outstanding, primarily in support of the Company’s workers’ compensation insurance programs. 5.875% Senior Notes due 2022 —On June 24, 2015, the Company issued $1.100 billion aggregate principal amount of its 5.875% Senior Notes due 2022 (the “Notes”) under an Indenture, dated as of June 24, 2015 (the “Base Indenture”), among the Company, certain subsidiaries of the Company, as guarantors (the “Subsidiary Guarantors”), and The Bank of New York Mellon Trust Company, N.A. (in such capacity, the “Trustee”), as supplemented by the First Supplemental Indenture, dated as of June 24, 2015, among the Company, the Subsidiary Guarantors and the Trustee (the “First Supplemental Indenture”), the Second Supplemental Indenture, dated as of September 8, 2015, among the Company, the Subsidiary Guarantors party thereto and the Trustee (the “Second Supplemental Indenture”), and the Third Supplemental Indenture, dated as of October 8, 2015, among the Company, the Subsidiary Guarantors party thereto and the Trustee (the “Third Supplemental Indenture” and, together with the Base Indenture, the First Supplemental Indenture and the Second Supplemental Indenture, the “Indenture”). The Company used the net proceeds from the sale of the Notes, together with cash on hand, to make the Prepayment discussed above. During the second quarter of 2015, the Company incurred and deferred transaction costs of $19 million , which are classified as a debt discount in the Company’s unaudited Condensed Consolidated Balance Sheet and amortized to interest expense over the contractual term of the Notes. During the first half of 2016, the Company incurred and deferred an additional $1 million of transaction costs related to filing an exchange offer registration statement (as discussed below) for the Notes. The Company’s unamortized transaction costs related to the Notes were $17 million at June 30, 2016 and December 31, 2015 . The Notes bear interest at a rate of 5.875% per annum and interest is payable semi-annually in arrears on January 15 and July 15, commencing on January 15, 2016. The Notes mature on July 15, 2022. The Notes are unsecured senior indebtedness of the Company and are effectively subordinated to the Company’s and the Subsidiary Guarantors’ existing and future secured indebtedness, including indebtedness under the Secured Credit Facility, to the extent of the value of the assets securing such indebtedness. The Indenture provides that the guarantee of each Subsidiary Guarantor is an unsecured senior obligation of that Subsidiary Guarantor. The Notes are, subject to certain exceptions, guaranteed by each of the Company’s domestic subsidiaries that guarantee the Company’s obligations under the Secured Credit Facility. The Company may redeem the Notes, in whole or in part, at any time prior to July 15, 2018, at a price equal to 100% of the principal amount thereof, plus accrued and unpaid interest, if any, to (but excluding) the redemption date, plus the applicable make-whole premium. The Company may redeem the Notes, in whole or in part, at any time (i) on and after July 15, 2018 and prior to July 15, 2019, at a price equal to 102.938% of the principal amount of the Notes, (ii) on or after July 15, 2019 and prior to July 15, 2020, at a price equal to 101.469% of the principal amount of the Notes, and (iii) on or after July 15, 2020, at a price equal to 100.000% of the principal amount of the Notes, in each case, plus accrued and unpaid interest, if any, to (but excluding) the applicable redemption date. In addition, at any time prior to July 15, 2018, the Company may redeem up to 40% of the aggregate principal amount of the Notes with the proceeds of certain equity offerings at a redemption price of 105.875% , plus accrued and unpaid interest, if any, to (but excluding) the date of redemption. The Indenture contains covenants that, among other things, limit the ability of the Company and the Company’s restricted subsidiaries to: incur additional indebtedness, guarantee indebtedness or issue certain preferred shares; pay dividends on, redeem or repurchase stock or make other distributions in respect of its capital stock; repurchase, prepay or redeem subordinated indebtedness; make loans and investments; create restrictions on the ability of the Company’s restricted subsidiaries to pay dividends to the Company or the Subsidiary Guarantors or make other intercompany transfers; create liens; transfer or sell assets; consolidate, merge or sell or otherwise dispose of all or substantially all of its assets; enter into certain transactions with affiliates; and designate subsidiaries as unrestricted subsidiaries. Upon the occurrence of certain events constituting a change of control triggering event, the Company is required to make an offer to repurchase all of the Notes (unless otherwise redeemed) at a purchase price equal to 101% of their principal amount, plus accrued and unpaid interest, if any to (but excluding) the repurchase date. If the Company sells assets under certain circumstances, it must use the proceeds to make an offer to purchase the Notes at a price equal to 100% of their principal amount, plus accrued and unpaid interest, if any, to (but excluding) the repurchase date. Notes Registration Rights Agreement In connection with the issuance of the Notes, the Company and the Subsidiary Guarantors entered into an exchange and registration rights agreement, dated as of June 24, 2015, with Deutsche Bank Securities Inc. and Citigroup Global Markets Inc. (the “Notes Registration Rights Agreement”). Pursuant to the Notes Registration Rights Agreement, the Company and the Subsidiary Guarantors filed an exchange offer registration statement with the Securities and Exchange Commission (the “SEC”) to exchange the Notes and the Guarantees for substantially identical securities registered under the Securities Act of 1933, as amended (the “Securities Act”). The exchange offer registration statement on Form S-4 was declared effective on April 1, 2016, and on May 4, 2016, the Company completed the exchange of $1.100 billion of the Notes and the Guarantees for $1.100 billion of the Company’s 5.875% Senior Notes due 2022 and the related guarantees, which have been registered under the Securities Act. Dreamcatcher —The Company and the Guarantors guarantee the obligations of Dreamcatcher under its $27 million senior secured credit facility (the “Dreamcatcher Credit Facility”) entered into in connection with Dreamcatcher’s acquisition of the Dreamcatcher stations (see Note 5 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2015 ). The obligations of the Company and the Guarantors under the Dreamcatcher Credit Facility are secured on a pari passu basis with its obligations under the Secured Credit Facility.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	NOTE 7: FAIR VALUE MEASUREMENTS The Company measures and records in its consolidated financial statements certain assets and liabilities at fair value. ASC Topic 820, “Fair Value Measurement and Disclosures,” establishes a fair value hierarchy for instruments measured at fair value that distinguishes between assumptions based on market data (observable inputs) and the Company’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 Company holds certain marketable equity securities which are traded on national stock exchanges. These securities are recorded at fair value and are categorized as Level 1 within the fair value hierarchy. These investments are measured at fair value on a recurring basis. As of June 30, 2016 , the fair value and cost basis of the Company’s investment in tronc was $5 million and $0 , respectively. As of December 31, 2015 , the fair value and cost basis was $4 million and $0 , respectively. The fair value and the cost basis of other marketable equity securities held by the Company as of June 30, 2016 was not material. Certain assets are measured at fair value on a nonrecurring basis; that is, the instruments are not measured at fair value on an ongoing basis, but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). The carrying values of cash and cash equivalents, restricted cash and cash equivalents, trade accounts receivable and trade accounts payable approximate fair value due to their short term to maturity. Estimated fair values and carrying amounts of the Company’s financial instruments that are not measured at fair value on a recurring basis were as follows (in thousands): June 30, 2016 December 31, 2015 Fair Carrying Fair Carrying Cost method investments $ 24,247 $ 24,247 $ 20,868 $ 20,868 Term Loan Facility $ 2,346,511 $ 2,320,137 $ 2,328,038 $ 2,328,092 5.875% Senior Notes due 2022 $ 1,100,000 $ 1,083,108 $ 1,108,250 $ 1,082,534 Dreamcatcher Credit Facility $ 16,812 $ 16,765 $ 18,587 $ 18,725 (1) December 31, 2015 balances have been reclassified to present debt issuance costs as a direct deduction from the carrying amount of an associated debt liability in accordance with ASU 2015-03. See Note 1 for further information. The following methods and assumptions were used to estimate the fair value of each category of financial instruments. Cost Method Investments —Cost method investments in private companies are recorded at cost, net of write-downs resulting from periodic evaluations of the carrying value of the investments. No events or changes in circumstances occurred during the six months ended June 30, 2016 that suggested a significant adverse effect on the fair value of the Company’s investments. The carrying value of the cost method investments at both June 30, 2016 and December 31, 2015 approximated fair value. The cost method investments would be classified in Level 3 of the fair value hierarchy. Term Loan Facility —The fair value of the outstanding principal balance of the term loans under the Company’s Term Loan Facility at both June 30, 2016 and December 31, 2015 is based on pricing from observable market information in a non-active market and would be classified in Level 2 of the fair value hierarchy. 5.875% Senior Notes due 2022 —The fair value of the outstanding principal balance of the Company’s 5.875% Senior Notes due 2022 at June 30, 2016 and December 31, 2015 is based on pricing from observable market information in a non-active market and would be classified in Level 2 of the fair value hierarchy. Dreamcatcher Credit Facility —The fair value of the outstanding principal balance of the Company’s Dreamcatcher Credit Facility at both June 30, 2016 and December 31, 2015 is based on pricing from observable market information for similar instruments in a non-active market and would be classified in Level 2 of the fair value hierarchy.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 8: COMMITMENTS AND CONTINGENCIES Chapter 11 Reorganization — On December 8, 2008 (the “Petition Date”), Tribune Company and 110 of its direct and indirect wholly-owned subsidiaries (collectively, the “Debtors”) filed voluntary petitions for relief (collectively, the “Chapter 11 Petitions”) under chapter 11 (“Chapter 11”) of title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”). On October 12, 2009 , Tribune CNLBC, LLC (formerly known as Chicago National League Ball Club, LLC) (“Tribune CNLBC”), which held the majority of the assets and liabilities related to the businesses of the Chicago Cubs Major League Baseball franchise (the “Chicago Cubs”), also filed a Chapter 11 Petition and thereafter became a Debtor. As further described in Note 3 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2015 , a plan of reorganization for the Debtors became effective and the Debtors emerged from Chapter 11 on December 31, 2012 (the “Effective Date”). On March 16, 2015, July 24, 2015, and May 11, 2016, the Bankruptcy Court entered final decrees collectively closing 104 of the Debtors’ Chapter 11 cases. The remaining Debtors’ Chapter 11 proceedings continue to be jointly administered under the caption In re Tribune Media Company, et al. , Case No. 08-13141 . From the Petition Date and until the Effective Date, the Debtors operated their businesses as “debtors-in-possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code, the Federal Rules of Bankruptcy Procedure and applicable orders of the Bankruptcy Court. See Note 3 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2015 for additional information regarding the Debtors’ Chapter 11 cases. Where appropriate, the Company and its business operations as conducted on or prior to December 30, 2012 are also herein referred to collectively as the “Predecessor.” The Company and its business operations as conducted on or subsequent to the Effective Date are also herein referred to collectively as the “Successor,” “Reorganized Debtors” or “Reorganized Tribune Company.” On April 12, 2012 , the Debtors, the official committee of unsecured creditors appointed in the Debtors’ Chapter 11 cases, and creditors under certain of the Predecessor’s prepetition debt facilities filed the Fourth Amended Joint Plan of Reorganization for Tribune Company and its Subsidiaries with the Bankruptcy Court (as subsequently modified, the “Plan”). On July 23, 2012 , the Bankruptcy Court issued an order confirming the Plan (the “Confirmation Order”). The Plan constitutes a separate plan of reorganization for each of the Debtors and sets forth the terms and conditions of the Debtors’ reorganization. See the “Terms of the Plan” section in Note 3 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2015 for a description of the terms and conditions of the confirmed Plan. Since the Effective Date, Reorganized Tribune Company has substantially consummated the various transactions contemplated under the Plan. In particular, the Company has made all distributions of cash, Common Stock and Warrants (each as defined and described in Note 11 ) that were required to be made under the terms of the Plan to creditors holding allowed claims as of December 31, 2012 . Claims of general unsecured creditors that become allowed claims on or after the Effective Date have been or will be paid on the next quarterly distribution date after such allowance. Pursuant to the terms of the Plan, the Company is also obligated to make certain additional payments to certain creditors, including certain distributions that may become due and owing subsequent to the Effective Date and certain payments to holders of administrative expense priority claims and fees earned by professional advisors during the Chapter 11 proceedings. On the Effective Date, Reorganized Tribune Company held restricted cash of $187 million which was estimated to be sufficient to satisfy such obligations. At June 30, 2016 , restricted cash held by the Company to satisfy the remaining claim obligations was $18 million and is estimated to be sufficient to satisfy such obligations. If the aggregate allowed amount of the remaining claims exceeds the restricted cash held for satisfying such claims, the Company would be required to satisfy the allowed claims from its cash on hand from operations. Confirmation Order Appeals —Notices of appeal of the Confirmation Order were filed on July 23, 2012 by (i) Aurelius Capital Management, LP (“Aurelius”), on behalf of its managed entities that were holders of the Predecessor’s senior notes and Exchangeable Subordinated Debentures due 2029 (“PHONES”) and (ii) Law Debenture Trust Company of New York (“Law Debenture”), successor trustee under the indenture for the Predecessor’s prepetition 6.61% debentures due 2027 and the 7.25% debentures due 2096 , and Deutsche Bank Trust Company Americas (“Deutsche Bank”), successor trustee under the indentures for the Predecessor’s prepetition medium-term notes due 2008 , 4.875% notes due 2010 , 5.25% notes due 2015 , 7.25% debentures due 2013 and 7.5% debentures due 2023 . Additional notices of appeal were filed on August 2, 2012 by Wilmington Trust Company (“WTC”), as successor indenture trustee for the PHONES, and on August 3, 2012 by EGI-TRB, L.L.C., a Delaware limited liability company wholly-owned by Sam Investment Trust (a trust established for the benefit of Samuel Zell and his family) (the “Zell Entity,” and, together with Aurelius, Law Debenture, Deutsche Bank and WTC, the “Appellants”). The confirmation appeals were transmitted to the United States District Court for the District of Delaware (the “Delaware District Court”) and were consolidated, together with two previously-filed appeals by WTC of the Bankruptcy Court’s orders relating to certain provisions in the Plan, under the caption Wilmington Trust Co. v. Tribune Co. ( In re Tribune Co. ), Case Nos. 12-cv-128, 12-mc-108, 12-cv-1072, 12-cv-1073, 12-cv-1100 and 12-cv-1106. Case No. 12-mc-108 was closed without disposition on January 14, 2014 . The Appellants sought, among other relief, to overturn the Confirmation Order and certain prior orders of the Bankruptcy Court embodied in the Plan, including the settlement of certain claims and causes of action related to the series of transactions (collectively, the “Leveraged ESOP Transactions”) consummated by the Predecessor, the Tribune Company employee stock ownership plan, the Zell Entity and Samuel Zell in 2007. See “Terms of the Plan” in Note 3 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2015 for a description of the terms and conditions of the confirmed Plan and “Certain Causes of Action Arising From the Leveraged ESOP Transactions” in Note 3 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2015 for a description of the Leveraged ESOP Transactions. WTC and the Zell Entity also sought to overturn determinations made by the Bankruptcy Court concerning the priority in right of payment of the PHONES and the subordinated promissory notes held by the Zell Entity and its permitted assignees, respectively. There is currently no stay of the Confirmation Order in place pending resolution of the confirmation-related appeals. In January 2013 , the Company filed a motion to dismiss the appeals as equitably moot, based on the substantial consummation of the Plan. On June 18, 2014 , the Delaware District Court entered an order granting in part and denying in part the motion to dismiss. The effect of the order was to dismiss all of the appeals, with the exception of the relief requested by the Zell Entity concerning the priority in right of payment of the subordinated promissory notes held by the Zell Entity and its permitted assignees with respect to any state law fraudulent transfer claim recoveries from a creditor trust that was proposed to be formed under a prior version of the Plan, but was not formed under the Plan as confirmed by the Bankruptcy Court. The Delaware District Court vacated the Bankruptcy Court’s ruling to the extent it opined on that issue. On July 16, 2014 , Aurelius, Law Debenture and Deutsche Bank timely appealed the Delaware District Court’s order to the U.S. Court of Appeals for the Third Circuit. On August 19, 2015, the Third Circuit affirmed the Delaware District Court’s dismissal of Aurelius’s appeal of the Confirmation Order. The Third Circuit, however, reversed the Delaware District Court’s dismissal of Law Debenture’s and Deutsche Bank’s appeals of the Confirmation Order, and remanded those appeals to the District Court for further proceedings on the merits. On September 11, 2015, the Third Circuit denied Aurelius’s petition for en banc review of the court’s decision and on January 11, 2016, Aurelius filed a petition for writ of certiorari to the U.S. Supreme Court. That petition was denied on March 31, 2016. If the remaining Appellants succeed on their appeal, our financial condition may be adversely affected. Resolution of Outstanding Prepetition Claims —As of the Effective Date, approximately 7,400 proofs of claim had been filed against the Debtors. Additional claims were filed after the Effective Date, including to amend or supplement previously filed claims. Additional claims were also included in the Debtors’ respective schedules of assets and liabilities which were filed with the Bankruptcy Court. Amounts and payment terms for these claims, if applicable, were established in the Plan. As of July 31, 2016 , approximately 3,295 proofs of claim had been withdrawn or expunged as a result of the Debtors’ evaluation of the filed proofs of claim and their efforts to reduce and/or eliminate invalid, duplicative and/or over-stated claims. In addition, approximately 3,755 proofs of claim had been settled or otherwise satisfied pursuant to the terms of the Plan. As of July 31, 2016 , approximately 403 proofs of claim remain subject to further evaluation and adjustments. The majority of the remaining proofs of claim were filed by certain of the Company’s former directors and officers, asserting indemnity and other related claims against the Company for claims brought against them in lawsuits arising from the Leveraged ESOP Transactions. Those lawsuits are pending in multidistrict litigation (“MDL”) before the United States District Court for the Southern District of New York (the “NY District Court”) in proceedings captioned In re Tribune Co. Fraudulent Conveyance Litigation , under the consolidated docket numbers 1:11-md-02296 and 1:12-mc-02296. See “Certain Causes of Action Arising From the Leveraged ESOP Transactions” in Note 3 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2015 for a description of the MDL proceedings in the NY District Court as of February 29, 2016. On March 24, 2016, the U.S. Court of Appeals for the Second Circuit (the “Second Circuit”) issued a decision upholding the NY District Court’s dismissal of the state law constructive fraudulent transfer causes of action commenced by Deutsche Bank, Law Debenture and WTC, as indenture trustees for the Predecessor’s senior noteholders and PHONES, and, separately, certain retirees (collectively and as subsequently amended, the “SLCFC Actions”), on the alternative grounds set forth in the cross-appeal of the defendants’ liaison counsel on behalf of the defendants. The Second Circuit issued a corrected opinion upholding the dismissal of the SLCFC Actions on March 29, 2016. The remaining lawsuits pending in the MDL proceedings are asserted by the litigation trust formed, pursuant to the Plan, to pursue certain causes of action arising from the Leveraged ESOP Transactions for the benefit of certain creditors that received interests in the litigation trust as part of their distributions under the Plan (the “Litigation Trust”). Under the Plan, such indemnity-type claims against the Company must be set off against any recovery by the Litigation Trust against any of the directors and officers, and the Litigation Trust is authorized to object to the allowance of any such indemnity-type claims. Adjustments to prepetition claims may result from, among other things, negotiations with creditors, further orders of the Bankruptcy Court and, in certain instances, litigation. The ultimate amounts to be paid in settlement of each of these claims, including indemnity claims, will continue to be subject to uncertainty for a period of time after the Effective Date. Reorganization Items, Net —ASC Topic 852, “Reorganizations,” requires that the financial statements for periods subsequent to the filing of the Chapter 11 Petitions distinguish transactions and events that are directly associated with the reorganization from the operations of the business. Accordingly, revenues, expenses (including professional fees), realized gains and losses, and provisions for losses directly associated with the reorganization and restructuring of the business are reported in reorganization items, net in the Company’s unaudited Condensed Consolidated Statements of Operations included herein. Reorganization costs include provisions and adjustments to reflect the carrying value of certain prepetition liabilities at their estimated allowable claim amounts as well as professional advisory fees and other costs directly associated with the Debtors’ Chapter 11 cases. Reorganization items, net included in the Company’s unaudited Condensed Consolidated Statements of Operations for the three months ended June 30, 2016 and June 30, 2015 totaled $0.4 million and $1 million , respectively, and for the six months ended June 30, 2016 and June 30, 2015 totaled $1 million and $2 million , respectively. The Company expects to continue to incur certain expenses pertaining to the Chapter 11 proceedings throughout 2016 and in future periods. These expenses will include primarily professional advisory fees and other costs related to the resolution of unresolved claims. FCC Regulation —Various aspects of the Company’s operations are subject to regulation by governmental authorities in the United States. The Company’s television and radio broadcasting operations are subject to FCC jurisdiction under the Communications Act of 1934, as amended. FCC rules, among other things, govern the term, renewal and transfer of radio and television broadcasting licenses, and limit the number of media interests in a local market that a single entity can own. Federal law also regulates the rates charged for political advertising and the quantity of advertising within children’s programs. Television and radio broadcast station licenses are granted for terms of up to eight years and are subject to renewal by the FCC in the ordinary course, at which time they may be subject to petitions to deny the license renewal applications. As of August 9, 2016 , the Company had FCC authorization to operate 39 television stations and one AM radio station. Under the FCC’s “Local Television Multiple Ownership Rule” (the “Duopoly Rule”), the Company may own up to two television stations within the same Nielsen Designated Market Area (“DMA”) (i) provided certain specified signal contours of the stations do not overlap, (ii) where certain specified signal contours of the stations overlap but, at the time the station combination was created, no more than one of the stations was a top 4-rated station and the market would continue to have at least eight independently-owned full power stations after the station combination is created or (iii) where certain waiver criteria are met. The Company owns duopolies permitted under the “top-4/8 voices” test in the Seattle, Denver, St. Louis, Indianapolis, Oklahoma City and New Orleans DMAs. The Indianapolis duopoly is permitted under the Duopoly Rule because it met the top-4/8 voices test at the time we acquired WTTV(TV)/WTTK(TV) in July 2002. Duopoly Rule waivers granted in connection with the FCC’s approval of the Company’s plan of reorganization (the “Exit Order”) or the Local TV Acquisition (the “Local TV Transfer Order”) authorize the Company’s ownership of duopolies in the New Haven-Hartford and Fort Smith-Fayetteville DMAs, and full power “satellite” stations in the Denver and Indianapolis DMAs. Under the FCC’s “Newspaper Broadcast Cross Ownership Rule” (the “NBCO Rule”), the Company and holders of “attributable interests” in the Company generally are prohibited from owning or holding attributable interests in both daily newspapers and broadcast stations in the same market. On August 4, 2014, the Company completed the Publishing Spin-off and retained 381,354 shares of tronc common stock, then representing 1.5% of the outstanding common stock of tronc (see Note 2 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2015 for further information). The Company determined that it does not have an attributable interest in the daily newspaper business or operations of tronc. As a result of the pro rata distribution of tronc stock to shareholders of the Company, the three attributable shareholders of the Company (collectively, the “Attributable Shareholders”) became attributable shareholders of tronc. The residual common attributable interests of the Attributable Shareholders in the Company and tronc maintain the status quo with respect to these shareholders’ interests in the companies. The Company’s television/newspaper interests are subject to a temporary waiver of the NBCO Rule which was granted by the FCC in conjunction with its approval of the Plan (the “Exit Order”). On November 12, 2013, the Company filed with the FCC a request for extension of the temporary NBCO Rule waivers granted in the Exit Order. That request is pending. Meanwhile, in its pending 2014 Quadrennial Review of the ownership rules, the FCC is considering a proposal that would modify the NBCO Rule by providing an exception for failed or failing entities and for consideration of waivers of the rule on a case-by-case basis. The proceeding is pending. The Company cannot predict the outcome of this proceeding or whether the FCC will allow the Company’s existing temporary waiver to remain in effect pending the conclusion of the proceeding. The FCC’s “National Television Multiple Ownership Rule” prohibits the Company from owning television stations that, in the aggregate, reach more than 39% of total U.S. television households, subject to a 50% discount of the number of television households attributable to UHF stations (the “UHF Discount”). The Company’s current national reach would exceed the 39% cap on an undiscounted basis. In a pending rulemaking proceeding the FCC has proposed to repeal the UHF Discount but to grandfather existing combinations that exceed the 39% cap. Under the FCC’s proposal, absent a waiver, a grandfathered station group would have to come into compliance with the modified cap upon a sale or transfer of control. If adopted as proposed, the elimination of the UHF Discount would affect the Company’s ability to acquire additional television stations (including the Dreamcatcher stations that are the subject of certain option rights held by the Company, see Note 5 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2015 for further information). The Company provides certain operational support and other services to Dreamcatcher pursuant to shared services agreement (“SSA”). In its pending 2014 Quadrennial Review proceeding, the FCC is seeking comment on proposals to adopt reporting requirements for SSAs. The Company cannot predict the outcome of that proceeding or its effect on the Company’s business or operations. Meanwhile, in a public notice released on March 12, 2014, the FCC announced that pending and future transactions involving SSAs will be subject to a higher level of scrutiny if they include a combination of certain operational and economic features. Although the Company currently has no transactions pending before the FCC that would be subject to such higher scrutiny, this policy could limit the Company’s future ability to enter into SSAs or similar arrangements. In a Report and Order and Further Notice of Proposed Rulemaking issued on March 31, 2014, the FCC sought comment on whether to eliminate or modify its “network non-duplication” and “syndicated exclusivity” rules, pursuant to which local television stations may enforce their contractual exclusivity rights with respect to network and syndicated programming. Pursuant to the Satellite Television Extension and Localism Act of 2010 (“STELA”) Reauthorization Act, enacted in December 2014 (“STELAR”), the FCC has adopted regulations prohibiting a television station from coordinating retransmission consent negotiations or negotiating retransmission consent on a joint basis with a separately owned television station in the same market. The Company does not currently engage in retransmission consent negotiations jointly with any other stations in its markets. In response to Congress’s directive in STELAR, on September 2, 2015, the FCC issued a Notice of Proposed Rulemaking (“NPRM”) seeking comment on whether the FCC should make changes to its rules requiring that commercial broadcast television stations and multichannel video programming distributors (“MVPDs”) negotiate in “good faith” for the retransmission by MVPDs of local television signals. On July 14, 2016, Chairman Wheeler announced that the FCC will not adopt additional rules governing parties’ good faith negotiation obligations. Federal legislation enacted in February 2012 authorizes the FCC to conduct voluntary “incentive auctions” in order to reallocate certain spectrum currently occupied by television broadcast stations to mobile wireless broadband services, to “repack” television stations into a smaller portion of the existing television spectrum band and to require television stations that do not participate in the auction to modify their transmission facilities, subject to reimbursement for reasonable relocation costs up to an industry-wide total of $1.750 billion . If any of the Company’s television stations are required to change frequencies or otherwise modify their operations, the stations could incur substantial conversion costs, reduction or loss of over-the-air signal coverage or an inability to provide high definition programming and additional program streams. The FCC adopted rules to implement the incentive auction and repacking through a number of orders and public notices. Applications to participate in the auction, were due January 12, 2016. The Company has filed applications to participate in the auction. The FCC completed Stage 1 of the Reverse Auction on June 29, 2016, and has announced that the forward auction bidding rounds will commence on August 16, 2016, however, that date may be cancelled, delayed or materially altered. The Company cannot predict the likelihood, timing or outcome of the incentive auction, or any related FCC regulatory action. The FCC has adopted strict communications prohibitions with respect to the auction, which went into effect on January 12, 2016, and will remain in effect until the FCC publicly announces that the auction has ended (which could be as late as fourth quarter 2016 or later). During such time, the Company and its agents, employees, officers and directors are prohibited from directly or indirectly communicating- both internally and externally- certain information regarding the Company’s auction participation. As described in Note 5 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2015 , the Company completed the Local TV Acquisition on December 27, 2013 pursuant to FCC staff approval granted on December 20, 2013 in the Local TV Transfer Order. On January 22, 2014 , Free Press filed an Application for Review seeking review by the full Commission of the Local TV Transfer Order. The Company filed an Opposition to the Application for Review on February 21, 2014 . Free Press filed a reply on March 6, 2014 . The matter is pending. On January 27, 2016, the FCC announced the initiation of a proceeding entitled “Proposal to Unlock the Set-Top Box: Creating Choice & Innovation.” On February 18, 2016, the FCC released a Notice of Proposed Rule Making that proposed, among other things, to require program providers to pass through information about what programming is available, such as channel and program information and “entertainment identifier register IDs.” Adoption of this requirement without, among other things, adequately protecting proprietary and intellectual property rights in program guide content of which we are a major producer and distributor, and respecting contracts between entertainment data providers and their customers could negatively affect our entertainment data licensing business. This proceeding is currently pending and the Company cannot predict its outcome or timing. From time to time, the FCC revises existing regulations and policies in ways that could affect the Company’s broadcasting operations. In addition, Congress from time to time considers and adopts substantive amendments to the governing communications legislation. The Company cannot predict such actions or their resulting effect upon the Company’s business and financial position. Other Contingencies —The Company and its subsidiaries are defendants from time to time in actions for matters arising out of their business operations. In addition, the Company and its subsidiaries are involved from time to time as parties in various regulatory, environmental and other proceedings with governmental authorities and administrative agencies. See Note 9 for a discussion of potential income tax liabilities. The Company does not believe that any other matters or proceedings presently pending will have a material adverse effect, individually or in the aggregate, on its consolidated financial position, results of operations or liquidity.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 9: INCOME TAXES In the three and six months ended June 30, 2016 , the Company recorded income tax expense of $210 million and $223 million , respectively. For the three months ended June 30, 2016, the rate differs from the U.S. federal statutory rate of 35% due to state income taxes (net of federal benefit), a $102 million charge to establish a reserve net of federal and state tax benefit for interest on the Newsday transaction, and a related $91 million charge to adjust the Company’s deferred taxes, as described below, the domestic production activities deduction, other non-deductible expenses, and a $2 million benefit related to certain state income tax matters and other adjustments. For the six months ended June 30, 2016, the rate was also impacted by a $4 million charge related to the write-off of unrealized deferred tax assets related to stock-based compensation. In the three and six months ended June 30, 2015 , the Company recorded income tax benefit of less than $1 million and income tax expense of $22 million , respectively. The rates differ from the U.S. federal statutory rate of 35% due to state income taxes (net of federal benefit), the domestic production activities deduction, and other non-deductible expenses. The non-deductible items in the three months ended June 30, 2015 had a greater impact on the effective tax rate due to the pretax loss. Newsday and Chicago Cubs Transactions —As further described in Note 9 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2015 , the Company consummated the closing of the Newsday Transactions on July 29, 2008 . As a result of these transactions, CSC, through NMG Holdings, Inc., owned approximately 97% and the Company owned approximately 3% of NHLLC. The fair market value of the contributed Newsday Media Group business (“NMG”) net assets exceeded their tax basis and did not result in an immediate taxable gain because the transaction was structured to comply with the partnership provisions of the IRC and related regulations. In March 2013 , the IRS issued its audit report on the Company’s federal income tax return for 2008 which concluded that the gain should have been included in the Company’s 2008 taxable income. Accordingly, the IRS has proposed a $190 million tax and a $38 million accuracy-related penalty. After-tax interest on the proposed tax and penalty through June 30, 2016 would be approximately $47 million . The Company disagrees with the IRS’s position and has timely filed a protest in response to the IRS’s proposed tax adjustments. The Company is contesting the IRS’s position in the IRS administrative appeals division. If the IRS position prevails, the Company would also be subject to approximately $22 million , net of tax benefits, of state income taxes, interest and penalties through June 30, 2016 . If the IRS prevails, the tax, interest and penalty due will be offset by any tax payments made relating to this transaction subsequent to 2008. Through December 31, 2015, the Company has made approximately $136 million of federal and state tax payments through its regular tax reporting process which included $101 million that became payable upon closing of the sale of the Newsday partnership interest as further described in Note 5 . The sale of its partnership interest does not impact the IRS audit, nor does it change the Company’s view on the tax position(s) taken on the original transaction. During the second quarter of 2016, as a result of extensive discussions with the IRS administrative appeals division, the Company reevaluated its tax litigation position related to the Newsday transaction and re-measured the cumulative most probable outcome of such proceedings. As a result, the Company recorded a $102 million charge which is included in the Company’s unaudited Condensed Consolidated Balance Sheet as a $125 million current income tax reserve and a $23 million reduction in deferred income tax liabilities. The income tax reserve includes federal and state taxes, interest and penalties while the deferred income tax benefit is primarily related to deductible interest expense. The Company expects to reach a resolution of the tax dispute in the second half of 2016. In connection with the potential resolution of the matter, the Company also recorded $91 million of income tax expense to increase the Company’s deferred income tax liability to reflect a reduction in the tax basis of the Company’s assets. The reduction in tax basis is required to reflect the expected negotiated reduction in the amount of the Company’s guarantee of the Newsday partnership debt which was included in the reported tax basis previously determined upon emergence from bankruptcy. As further described in Note 9 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2015 , the Company consummated the closing of the Chicago Cubs Transactions on October 27, 2009 . As a result of these transactions, Ricketts Acquisition LLC owns 95% and the Company owns 5% of the membership interests in New Cubs LLC. The fair market value of the contributed assets exceeded the tax basis and did not result in an immediate taxable gain because the transaction was structured to comply with the partnership provisions of the IRC and related regulations. On June 28, 2016, the IRS issued the Company a Notice of Deficiency (“Notice”) which presents the IRS’s position that the gain should have been included in the Company’s 2009 taxable income. Accordingly, the IRS has proposed a $182 million tax and a $73 million gross valuation misstatement penalty. After-tax interest on the proposed tax and penalty through June 30, 2016 would be approximately $35 million . The Company continues to disagree with the IRS’s position that the transaction generated a taxable gain in 2009, the proposed penalty and the IRS’s calculation of the gain. During the third quarter of 2016, the Company expects to file a petition in U.S. Tax Court to contest the IRS’s determination. If the gain on the Chicago Cubs Transactions is deemed to be taxable in 2009 , the Company estimates that the federal and state income taxes would be approximately $225 million before interest and penalties. However, if the IRS prevails in their position, any tax, interest and penalty due will be offset by any tax payments made relating to this transaction subsequent to 2009. Through June 30, 2016 , the Company has paid approximately $36 million through its regular tax reporting process. The Company does not maintain any tax reserves relating to the Chicago Cubs Transactions. In accordance with ASC Topic 740, the Company’s unaudited Condensed Consolidated Balance Sheet at June 30, 2016 includes a deferred tax liability of $163 million related to the future recognition of taxable income related to the Chicago Cubs Transactions. Other —Although management believes its estimates and judgments are reasonable, the resolutions of the Company’s tax issues are unpredictable and could result in tax liabilities that are significantly higher or lower than that which has been provided by the Company. The Company accounts for uncertain tax positions in accordance with ASC Topic 740, which addresses the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The Company’s liability for unrecognized tax benefits totaled $156 million at June 30, 2016 , which includes a $125 million reserve related to the Newsday transaction, and $34 million at December 31, 2015 . The Company believes it is reasonably possible that the total amount of unrecognized tax benefits could decrease by approximately $136 million within the next twelve months due to the resolution of tax examination issues, including the Newsday dispute, and statute of limitations expirations.

Pension And Other Retirement Pl

Pension And Other Retirement Plans	6 Months Ended
	Jun. 30, 2016
Compensation and Retirement Disclosure [Abstract]
Pension and Other Retirement Plans	NOTE 10: PENSION AND OTHER RETIREMENT PLANS The components of net periodic benefit credit for Company-sponsored pension plans, net of taxes, for the three and six months ended June 30, 2016 and June 30, 2015 were as follows (in thousands): Pension Benefits Three Months Ended Six Months Ended June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 Service cost $ 177 $ 198 $ 346 $ 354 Interest cost 20,611 20,531 41,362 40,908 Expected return on plans’ assets (26,895 ) (28,009 ) (53,808 ) (55,845 ) Amortization of prior service costs 45 — 45 — Net periodic benefit credit $ (6,062 ) $ (7,280 ) $ (12,055 ) $ (14,583 ) Net periodic benefit (credit) cost related to other post retirement benefit plans was not material in all periods presented. For 2016 , the Company does not expect to make any contributions to its qualified pension plans and expects to contribute $1 million to its other postretirement plans. In the three and six months ended June 30, 2016 and June 30, 2015 , the Company’s contributions were not material.

Capital Stock

Capital Stock	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Capital Stock	NOTE 11: CAPITAL STOCK As of the Effective Date, Reorganized Tribune Company issued 78,754,269 shares of Class A Common Stock, par value $0.001 per share (“Class A Common Stock”), and 4,455,767 shares of Class B Common Stock, par value $0.001 per share (“Class B Common Stock” and together with Class A Common Stock, “Common Stock”). Certain creditors that were entitled to receive Common Stock, either voluntarily elected to receive Class B Common Stock in lieu of Class A Common Stock or were allocated Class B Common Stock in lieu of Class A Common Stock in order to comply with the FCC’s ownership rules and requirements. The Class A Common Stock and Class B Common Stock generally provide identical economic rights, but holders of Class B Common Stock have limited voting rights, including that such holders have no right to vote in the election of directors. Subject to the ownership limitations described below, each share of Class A Common Stock is convertible into one share of Class B Common Stock and each share of Class B Common Stock is convertible into one share of Class A Common Stock, in each case, at the option of the holder at any time. During the three and six months ended June 30, 2015 , on a net basis, 2,355,286 shares and 2,401,409 shares, respectively, of Class B Common Stock were converted into 2,355,286 shares and 2,401,409 shares, respectively, of Class A Common Stock. There were no conversions during the three and six months ended June 30, 2016 . In addition, on the Effective Date, Reorganized Tribune Company entered into the Warrant Agreement, pursuant to which the Company issued 16,789,972 Warrants to purchase Common Stock (the “Warrants”). The Company issued the Warrants in lieu of Common Stock to creditors that were otherwise eligible to receive Common Stock in connection with the implementation of the Plan in order to comply with the FCC’s foreign ownership restrictions. Each Warrant entitles the holder to purchase from the Company, at the option of the holder and subject to certain restrictions set forth in the Warrant Agreement and described below, one share of Class A Common Stock or one share of Class B Common Stock at an exercise price of $0.001 per share, subject to adjustment and a cashless exercise feature. The Warrants may be exercised at any time on or prior to December 31, 2032 . During the three months ended June 30, 2016 and June 30, 2015 , 31,958 and 1,273,345 Warrants, respectively, were exercised for 31,958 and 1,273,338 shares, respectively, of Class A Common Stock. During the six months ended June 30, 2016 and June 30, 2015 , 132,066 and 1,694,988 Warrants, respectively, were exercised for 132,066 and 1,694,981 shares, respectively, of Class A Common Stock. No Warrants were exercised for Class B Common Stock during the six months ended June 30, 2016 and June 30, 2015 . At June 30, 2016 , the following amounts were issued: 159,243 Warrants, 100,378,256 shares of Class A Common Stock, of which 9,415,191 were held in treasury, and 5,605 shares of Class B Common Stock. The Company is authorized to issue up to one billion shares of Class A Common Stock, up to one billion shares of Class B Common Stock and up to 40 million shares of preferred stock, each par value $0.001 per share, in one or more series. The Company has not issued any shares of preferred stock. The Company’s Class A Common Stock is currently traded on the New York Stock Exchange under the symbol “TRCO.” The Company’s Class B Common Stock and Warrants are currently traded over-the-counter under the symbols “TRBAB” and “TRBNW,” respectively. Pursuant to the Company’s amended and restated certificate of incorporation and the Warrant Agreement, in the event the Company determines that the ownership or proposed ownership of Common Stock or Warrants, as applicable, would be inconsistent with or violate any federal communications laws, materially limit or impair any business activities or proposed business activities of the Company under any federal communications laws, or subject the Company to any regulation under any federal communications laws to which the Company would not be subject, but for such ownership or proposed ownership, the Company may, among other things: (i) require a holder of Common Stock or Warrants to promptly furnish information reasonably requested by the Company, including information with respect to citizenship, ownership structure, and other ownership interests and affiliations; (ii) refuse to permit a proposed transfer or conversion of Common Stock, or condition transfer or conversion on the prior consent of the FCC; (iii) refuse to permit a proposed exercise of Warrants, or condition exercise on the prior consent of the FCC; (iv) suspend the rights of ownership of the holders of Common Stock or Warrants; (v) require the conversion of any or all shares of Common Stock held by a stockholder into shares of any other class of capital stock of the Company with equivalent economic value, including the conversion of shares of Class A Common Stock into shares of Class B Common Stock or the conversion of shares of Class B Common Stock into shares of Class A Common Stock; (vi) require the exchange of any or all shares of Common Stock held by any stockholder of the Company for warrants to acquire the same number and class of shares of capital stock in the Company; (vii) to the extent the foregoing are not reasonably feasible, redeem any or all such shares of Common Stock; or (viii) exercise any and all appropriate remedies, at law or in equity, in any court of competent jurisdiction to prevent or cure any such situation. On the Effective Date, Reorganized Tribune Company entered into a registration rights agreement (the “Registration Rights Agreement”) with certain entities related to Angelo, Gordon & Co., L.P. (the “AG Group”), Oaktree Tribune, L.P., an affiliate of Oaktree Capital Management, L.P. (the “Oaktree Group”) and Isolieren Holding Corp., an affiliate of JPMorgan (the “JPM Group,” and each of the JPM Group, AG Group and Oaktree Group, a “Stockholder Group”) and certain other holders of Registrable Securities who become a party thereto. See Note 16 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2015 for additional information relating to the Registration Rights Agreement. Secondary Public Offering —Following the exercise of one of the demand registration rights by the stockholders under the Registration Rights Agreement described above, the Company filed a registration statement on Form S-1 and on April 22, 2015 it was declared effective by the SEC for a secondary offering of Class A Common Stock. On April 28, 2015 , the selling stockholders completed the sale of 9,240,073 shares of Class A Common Stock at a price of $56.00 per share. The Company did not receive any of the proceeds from the shares of Class A Common Stock sold by the selling stockholders. Common Stock Repurchases —On October 13, 2014, the Board authorized a stock repurchase program, under which the Company could repurchase up to $400 million of its outstanding Class A Common Stock in open-market purchases in accordance with all applicable securities laws and regulations, including Rule 10b-18 of the Securities Exchange Act of 1934, as amended. During fiscal 2015, the Company repurchased 6,569,056 shares of Class A Common Stock in open market transactions for $332 million at an average price of $50.59 per share, which is exclusive of 125,566 shares, valued at $8 million , for which the Company placed trades prior to December 28, 2014 that were not settled until the first three business days of the first quarter of 2015. As of December 31, 2015, the Company had repurchased the full $400 million of outstanding Class A Common Stock, totaling 7,670,216 shares, authorized under this repurchase program. On February 24, 2016, the Board authorized a new stock repurchase program, under which the Company may repurchase up to $400 million of its outstanding Class A Common Stock. Under the stock repurchase program, the Company may repurchase shares in open-market purchases in accordance with all applicable securities laws and regulations, including Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The extent to which the Company repurchases its shares, and the timing of such repurchases, will depend upon a variety of factors, including market conditions, regulatory requirements and other corporate considerations. During the first quarter of 2016, the Company repurchased 341,548 shares in open market transactions for $13 million at an average price of $37.30 per share, inclusive of 100,089 shares, valued at $4 million , for which the Company placed trades on or prior to March 31, 2016 that were not settled until the second quarter of 2016. During the second quarter of 2016, the Company repurchased 1,473,364 shares in open market transactions for $56 million at an average price of $38.35 per share, inclusive of 69,719 shares, valued at $3 million , for which the Company placed trades on or prior to June 30, 2016 that were not settled until the third quarter of 2016. As of June 30, 2016 , the remaining authorized amount under the current authorization totaled approximately $331 million . Special Cash Dividend —On March 5, 2015 , the Board authorized and declared a special cash dividend of $6.73 per share of Common Stock (the “Special Cash Dividend”), which was paid on April 9, 2015 to holders of record of Common Stock at the close of business on March 25, 2015 . In addition, pursuant to the terms of the Warrant Agreement, the Company made a cash payment of $6.73 per Warrant on April 9, 2015 to holders of record of Warrants at the close of business on March 25, 2015. The total aggregate payment on April 9, 2015 totaled $649 million , including the payment to holders of Warrants. Quarterly Cash Dividends —The Board declared quarterly cash dividends per share on Common Stock to holders of record of Common Stock and Warrants as follows (in thousands, except per share data): 2016 2015 Per Share Total Amount Per Share Total Amount First quarter $ 0.25 $ 23,215 $ — $ — Second quarter 0.25 22,959 0.25 24,100 Total quarterly cash dividends declared and paid $ 0.50 $ 46,174 $ 0.25 $ 24,100 On August 3, 2016, the Board declared a quarterly cash dividend on Common Stock of $0.25 per share to be paid on September 2, 2016 to holders of record of Common Stock and Warrants as of August 19, 2016. The payment of cash dividends also results in the issuance of Dividend Equivalent Units (“DEUs”) to holders of RSUs and PSUs each, as defined and described in Note 12 . The DEUs will be reinvested in RSUs and PSUs and settled concurrently with the vesting of associated RSUs and PSUs. Pursuant to the Company’s policy, the forfeitable DEUs and dividends payable in cash are treated as a reduction of retained earnings or, if the Company is in a retained deficit position, as a reduction of additional paid-in capital. The declaration of any future dividends and the establishment of the per share amount, record dates and payment dates for any such future dividends are at the discretion of the Board and will depend upon various factors then existing, including earnings, financial condition, results of operations, capital requirements, level of indebtedness, contractual restrictions with respect to payment of dividends (including the restricted payment covenant contained in the credit agreement governing the Secured Credit Facility), restrictions imposed by applicable law, general business conditions and other factors that the Board may deem relevant. In addition, pursuant to the terms of the Warrant Agreement, concurrently with any cash dividend made to holders of the Company’s Common Stock, holders of Warrants are entitled to receive a cash payment equal to the amount of the dividend paid per share of Common Stock for each Warrant held.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	NOTE 12: STOCK-BASED COMPENSATION On May 5, 2016, the 2016 Incentive Compensation Plan (the “Incentive Compensation Plan”) was approved by the Company’s shareholders for the purpose of granting stock awards to officers and employees of the Company and its subsidiaries. There are 5,100,000 shares of Class A Common Stock authorized for issuance under the Incentive Compensation Plan, of which 4,609,314 shares were available for grant as of June 30, 2016 . On May 5, 2016, the Stock Compensation Plan for Non-Employee Directors (the “Directors Plan” and, together with the Incentive Compensation Plan, “2016 Equity Plans”) was approved by the Company’s shareholders for the purpose of granting stock awards to the Company’s Board members. There are 200,000 shares of Class A Common Stock authorized for issuance under the Directors Plan, of which 200,000 shares were available for grant as of June 30, 2016 . On March 1, 2013 , the Compensation Committee of the Board adopted the 2013 Equity Incentive Plan (the “Equity Incentive Plan”) for the purpose of granting stock awards to directors, officers and employees of the Company and its subsidiaries. Stock awarded pursuant to the Equity Incentive Plan was limited to five percent of the outstanding Common Stock on a fully diluted basis as of the Effective Date. There were 5,263,000 shares of Common Stock authorized for issuance under the Equity Incentive Plan. Prior to the adoption of the 2016 Equity Plans, the Company had 616,332 shares of Class A Common Stock available for grant under the Equity Incentive Plan. Subsequent to the approval of the 2016 Equity Plans by the Company’s shareholders, no additional awards will be granted under the Equity Incentive Plan. The Incentive Compensation Plan provides for the granting of non-qualified stock options (“NSOs”), incentive stock options (“ISOs”), stock appreciation rights (“SARs”), restricted stock units (“RSUs”), performance share units (“PSUs”), restricted stock awards and other stock-based awards (collectively “Equity Awards”). The Directors Plan provides for the granting of shares, stock options and other stock-based awards (collectively “Director Equity Awards”). Pursuant to ASC Topic 718, “Compensation-Stock Compensation,” the Company measures stock-based compensation costs on the grant date based on the estimated fair value of the award and recognizes compensation costs on a straight-line basis over the requisite service period for the entire award. The Company’s equity plans allow employees and directors to surrender to the Company shares of vested common stock upon vesting of their stock awards or at the time they exercise their NSOs in lieu of their payment of the required withholdings for employee taxes. The Company does not withhold taxes on Equity Awards in excess of minimum required statutory requirements. Holders of RSUs and PSUs also receive DEUs until the RSUs or PSUs vest. See Note 11 for further information. The number of DEUs granted for each RSU or PSU is calculated based on the value of the dividends per share paid on the Company’s Common Stock and the closing price of the Company’s Common Stock on the dividend payment date. The DEUs vest with the underlying RSU or PSU. NSO and RSU awards generally vest 25% on each anniversary of the date of the grant. Under the 2016 Equity Plans, the exercise price of an NSO award cannot be less than the market price of the Class A Common Stock at the time the NSO award is granted and has a maximum contractual term of 10 years . PSU awards generally cliff vest at the end of the three -year performance periods, depending on the period specified in each respective PSU agreement. The number of PSUs that ultimately vest depends on the Company’s performance relative to specified financial targets for fiscal years 2016 , 2017 and 2018 . In the second quarter of 2016, the Company granted 214,416 supplemental PSU awards (“Supplemental PSUs”) to certain executive officers. A portion of the Supplemental PSUs will be eligible to vest until March 1, 2018 if a closing stock price of the Company’s Class A Common Stock is maintained for 10 consecutive trading days that equals or exceeds $44 and each increment of $2 thereafter, up to a maximum of $64 , as adjusted for dividends declared (each such increment, a “Stock Price Hurdle”). No Stock Price Hurdle will be counted twice, and none of the Supplemental PSUs will vest unless the minimum $44 Stock Price Hurdle is achieved by March 1, 2018. Unrestricted stock awards have been issued to certain members of the Board as compensation for retainer fees and long-term awards. The Company intends to facilitate settlement of all vested awards in common stock, with the exception of certain RSUs granted to non-US based employees which the Company expects to settle in cash. The Company estimates the fair value of NSO awards using the Black-Scholes option-pricing model, which incorporates various assumptions including the expected term of the awards, volatility of the stock price, risk-free rates of return and dividend yield. The Company determines the fair value of PSU, RSU and unrestricted and restricted stock awards by reference to the quoted market price of the Class A Common Stock on the date of the grant. The Company determined the fair value of Supplemental PSUs using a Monte Carlo simulation model. Stock-based compensation for the three months ended June 30, 2016 and June 30, 2015 totaled $10 million and $9 million , respectively. Stock-based compensation expense for the six months ended June 30, 2016 and June 30, 2015 totaled $18 million and $17 million , respectively. A summary of activity and weighted average exercise prices related to the NSOs is reflected in the table below. Six Months Ended Shares Weighted Avg. Exercise Price Outstanding, beginning of period 1,374,456 $ 60.62 Granted 1,241,354 29.22 Forfeited (172,789 ) 40.20 Cancelled (20,648 ) 61.32 Outstanding, end of period 2,422,373 $ 45.98 Vested and exercisable, end of period 605,762 $ 61.01 A summary of activity and weighted average fair values related to the RSUs is reflected in the table below. Six Months Ended Shares Weighted Avg. Outstanding, beginning of period 839,789 $ 58.39 Granted 790,027 29.60 Dividend equivalent units granted 17,153 37.68 Vested (295,625 ) 58.64 Dividend equivalent units vested (5,415 ) 41.51 Forfeited (79,282 ) 43.46 Dividend equivalent units forfeited (1,390 ) 39.20 Outstanding and nonvested, end of period (1) 1,265,257 $ 41.13 (1) Includes 19,954 RSUs which were granted to foreign employees and which the Company expects to settle in cash. The fair value of these RSUs at June 30, 2016 was not material. These RSUs generally vest over a four year period. A summary of activity and weighted average fair values related to the unrestricted stock awards is as follows: Six Months Ended Shares Weighted Avg. Fair Value Outstanding, beginning of period — $ — Granted 16,898 33.73 Vested (16,898 ) 33.73 Outstanding and nonvested, end of period — $ — A summary of activity and weighted average fair values related to the PSUs and Supplemental PSUs is reflected in the table below. Six Months Ended Shares Weighted Avg. Fair Value Outstanding, beginning of period 106,964 $ 65.50 Granted (1) 295,390 21.26 Dividend equivalent units granted 3,578 38.93 Vested (55,720 ) 65.06 Dividend equivalent units vested (1,009 ) 41.64 Forfeited (8,096 ) 49.85 Dividend equivalent units forfeited (199 ) 39.79 Outstanding and nonvested, end of period 340,908 $ 27.57 (1) Represents shares of PSUs for which performance targets have been established and which are deemed granted under U.S. GAAP. Includes 214,416 Supplemental PSUs with an average fair value of $16.13 which was determined using a Monte Carlo simulation model, as further described above. As of June 30, 2016 , the Company had not yet recognized compensation cost on nonvested awards as follows (dollars in thousands): Unrecognized Compensation Cost Weighted Average Remaining Recognition Period Nonvested awards $ 73,845 2.8

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Earnings Per Share	NOTE 13: EARNINGS PER SHARE The Company computes earnings (loss) per common share (“EPS”) under the two-class method which requires the allocation of all distributed and undistributed earnings to common stock and other participating securities based on their respective rights to receive distributions of earnings or losses. The Company’s Class A Common Stock and Class B Common Stock equally share in distributed and undistributed earnings. The Company accounts for the Warrants as participating securities, as holders of the Warrants, in accordance with and subject to the terms and conditions of the Warrant Agreement, are entitled to receive ratable distributions of the Company’s earnings concurrently with such distributions made to the holders of Common Stock, subject to certain restrictions relating to FCC rules and requirements. Under the terms of the Company’s RSU and PSU agreements, unvested RSUs and PSUs contain forfeitable rights to dividends and DEUs. Because the DEUs are forfeitable, they are defined as non-participating securities. As of June 30, 2016 , there were 30,151 DEUs outstanding, which will vest at the time that the underlying RSU or PSU vests. The Company computes basic EPS by dividing net income (loss) applicable to common shares by the weighted average number of common shares outstanding during the period. In accordance with the two-class method, undistributed earnings applicable to the Warrants are excluded from the computation of basic EPS. Diluted EPS is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period as adjusted for the assumed exercise of all outstanding stock awards. The calculation of diluted EPS assumes that stock awards outstanding were exercised at the beginning of the period. The stock awards are included in the calculation of diluted EPS only when their inclusion in the calculation is dilutive. ASC Topic 260, “Earnings per Share,” states that the presentation of basic and diluted EPS is required only for common stock and not for participating securities. For the three and six months ended June 30, 2016 , 167,671 and 212,989 , respectively, of the weighted-average Warrants outstanding, have been excluded from the below table. For the three and six months ended June 30, 2015 , 1,024,705 and 1,450,390 , respectively, of the weighted-average Warrants outstanding, have been excluded from the below table. The calculation of basic and diluted EPS is presented below (in thousands, except for per share data): Three Months Ended Six Months Ended June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 EPS numerator: Net (loss) income, as reported $ (161,563 ) $ (3,265 ) $ (150,470 ) $ 33,152 Less: Dividends distributed to Warrants 40 172 88 172 Less: Undistributed earnings allocated to Warrants — — — 497 Net (loss) income attributable to common shareholders for basic EPS $ (161,603 ) $ (3,437 ) $ (150,558 ) $ 32,483 Add: Undistributed earnings allocated to dilutive securities — — — 1 Net (loss) income attributable to common shareholders for diluted EPS $ (161,603 ) $ (3,437 ) $ (150,558 ) $ 32,484 EPS denominator: Weighted average shares outstanding - basic 91,676 95,337 92,083 95,374 Impact of dilutive securities — — — 191 Weighted average shares outstanding - diluted 91,676 95,337 92,083 95,565 Net (loss) income per share attributable to common shareholders: Basic $ (1.76 ) $ (0.04 ) $ (1.64 ) $ 0.34 Diluted $ (1.76 ) $ (0.04 ) $ (1.64 ) $ 0.34 Since the Company was in a net loss position for the three and six months ended June 30, 2016 as well as for the three months ended June 30, 2015, there was no difference between the number of shares used to calculate basic and diluted loss per share in these periods. Because of their anti-dilutive effect, 2,160,479 and 2,098,608 common share equivalents, comprised of NSOs, PSUs, Supplemental PSUs and RSUs, have been excluded from the diluted EPS calculation for the three and six months ended June 30, 2016 , respectively. Because of their anti-dilutive effect, 1,940,343 and 1,382,273 common share equivalents, comprised of NSOs, PSUs and RSUs, have been excluded from the diluted EPS calculation for the three and six months ended June 30, 2015 , respectively.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	NOTE 14: ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Accumulated other comprehensive income (loss) is a separate component of shareholders’ equity in the Company’s unaudited Condensed Consolidated Balance Sheets. The following table summarizes the changes in accumulated other comprehensive loss, net of taxes by component for the six months ended June 30, 2016 (in thousands): Unrecognized Benefit Plan Gains and Losses Foreign Currency Translation Adjustments Unrealized Holding Gain on Marketable Securities Total Balance at December 31, 2015 $ (57,391 ) $ (15,764 ) $ 2,139 $ (71,016 ) Other comprehensive (loss) income 3,583 (133 ) 998 4,448 Balance at June 30, 2016 $ (53,808 ) $ (15,897 ) $ 3,137 $ (66,568 )

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2016
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 15: RELATED PARTY TRANSACTIONS The Company’s company-sponsored pension plan assets included an investment in a loan fund limited partnership managed by Oaktree Capital Management, L.P. (“Oaktree”), which is affiliated with Oaktree Tribune, L.P., a principal shareholder of Tribune Media Company. In April 2016, the Company requested a full withdrawal of its investment from the fund managed by Oaktree which had a fair value of $30 million at December 31, 2015 . The withdrawal was completed and proceeds were received in June 2016. The Secured Credit Facility syndicate of lenders includes funds affiliated with Oaktree. These funds held $32 million and $38 million of the Company’s Term B Loans and Former Term Loans at June 30, 2016 and December 31, 2015 , respectively.

Business Segments

Business Segments	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Business Segments	NOTE 16: BUSINESS SEGMENTS The following table summarizes business segment financial data for the three and six months ended June 30, 2016 and June 30, 2015 (in thousands): Three Months Ended Six Months Ended June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 Operating revenues: Television and Entertainment $ 467,149 $ 445,622 $ 921,846 $ 855,922 Digital and Data 47,334 43,625 100,587 93,827 Corporate and Other 11,630 12,277 24,195 24,512 Total operating revenues $ 526,113 $ 501,524 $ 1,046,628 $ 974,261 Operating profit (loss) : Television and Entertainment $ 83,588 $ 47,088 $ 142,333 $ 126,436 Digital and Data (10,298 ) (4,150 ) (13,210 ) (416 ) Corporate and Other (27,150 ) (23,154 ) (55,767 ) (45,301 ) Total operating profit $ 46,140 $ 19,784 $ 73,356 $ 80,719 Depreciation: Television and Entertainment $ 11,106 $ 12,023 $ 22,122 $ 23,446 Digital and Data 3,054 2,321 5,951 4,426 Corporate and Other 3,359 3,622 6,784 7,148 Total depreciation $ 17,519 $ 17,966 $ 34,857 $ 35,020 Amortization : Television and Entertainment $ 41,476 $ 41,475 $ 82,951 $ 82,985 Digital and Data 7,945 6,962 15,848 13,223 Total amortization $ 49,421 $ 48,437 $ 98,799 $ 96,208 Capital Expenditures: Television and Entertainment $ 6,603 $ 5,026 $ 13,436 $ 14,276 Digital and Data 6,046 7,917 10,969 10,522 Corporate and Other 4,934 9,475 11,026 13,919 Total capital expenditures $ 17,583 $ 22,418 $ 35,431 $ 38,717 June 30, 2016 December 31, 2015 (1) Assets: Television and Entertainment $ 7,445,574 $ 7,748,010 Digital and Data 699,564 725,151 Corporate and Other 1,025,988 1,029,280 Assets held for sale 295,542 206,422 Total assets $ 9,466,668 $ 9,708,863 (1) December 31, 2015 balances have been reclassified to present debt issuance costs as a direct deduction from the carrying amount of an associated debt liability in accordance with ASU 2015-03. See Note 1 for further information.

Condensed Consolidating Financi

Condensed Consolidating Financial Information	6 Months Ended
	Jun. 30, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Financial Statements	NOTE 17: CONDENSED CONSOLIDATING FINANCIAL INFORMATION The Company is the Issuer of the registered debt (see Note 6 ) and such debt is guaranteed by the 100% owned, domestic Subsidiary Guarantors. The Subsidiary Guarantors are direct or indirect 100% owned domestic subsidiaries of the Company. The Company’s payment obligations under the Notes are jointly and severally guaranteed by the Subsidiary Guarantors, and all guarantees are full and unconditional. The subsidiaries of the Company that do not guarantee the Notes (the “Non-Guarantor Subsidiaries”) are direct or indirect subsidiaries of the Company that primarily include the Company’s international operations. The guarantees are subject to release under certain circumstances, including: (a) upon the sale, exchange, disposition or other transfer (including through merger, consolidation or dissolution) of the interests in such Subsidiary Guarantor, after which such Subsidiary Guarantor is no longer a restricted subsidiary of the Company, or all or substantially all the assets of such Subsidiary Guarantor, in any case, if such sale, exchange, disposition or other transfer is not prohibited by the Indenture, (b) upon the Company designating such Subsidiary Guarantor to be an unrestricted subsidiary in accordance with the Indenture, (c) in the case of any restricted subsidiary of the Company that after the issue date is required to guarantee the Notes, upon the release or discharge of the guarantee by such restricted subsidiary of any indebtedness of the Company or another Subsidiary Guarantor or the repayment of any indebtedness of the Company or another Subsidiary Guarantor, in each case, which resulted in the obligation to guarantee the Notes, (d) upon the Company’s exercise of its legal defeasance option or covenant defeasance option in accordance with the Indenture or if the Company’s obligations under the Indenture are discharged in accordance with the terms of the Indenture, (e) upon the release or discharge of direct obligations of such Subsidiary Guarantor, or the guarantee by such Guarantor of the obligations, under the Senior Credit Agreement, or (f) during the period when the rating of the Notes is changed to investment grade. In lieu of providing separate audited financial statements for the Subsidiary Guarantors, the Company has included the accompanying condensed consolidating financial statements in accordance with the requirements of Rule 3-10(f) of SEC Regulation S-X. The following Condensed Consolidating Financial Statements present the Consolidated Balance Sheets, Consolidated Statements of Operations and Comprehensive (Loss) Income and Consolidated Statements of Cash Flows of Tribune Media Company, the Subsidiary Guarantors, the Non-guarantor Subsidiaries and the eliminations necessary to arrive at the Company’s information on a consolidated basis. These statements are presented in accordance with the disclosure requirements under SEC Regulation S-X, Rule 3-10. TRIBUNE MEDIA COMPANY AND SUBSIDIARIES COMPREHENSIVE INCOME (LOSS) THREE MONTHS ENDED JUNE 30, 2016 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Operating Revenues $ — $ 515,819 $ 14,677 $ (4,383 ) $ 526,113 Programming and direct operating expenses — 234,776 6,416 (3,191 ) 238,001 Selling, general and administrative 23,990 144,809 7,425 (1,192 ) 175,032 Depreciation and amortization 2,768 59,094 5,078 — 66,940 Total Operating Expenses 26,758 438,679 18,919 (4,383 ) 479,973 Operating (Loss) Profit (26,758 ) 77,140 (4,242 ) — 46,140 (Loss) income on equity investments, net (678 ) 44,984 — — 44,306 Interest and dividend income 217 12 12 — 241 Interest expense (41,688 ) — (219 ) — (41,907 ) Other non-operating items (441 ) — — — (441 ) Intercompany interest income (expense) 440 (440 ) — — — Intercompany income (charges) 23,760 (23,704 ) (56 ) — — (Loss) Income Before Income Taxes and Earnings (Losses) from Consolidated Subsidiaries (45,148 ) 97,992 (4,505 ) — 48,339 Income tax expense 57,745 47,813 104,344 — 209,902 Equity (deficit) in earnings of consolidated subsidiaries, net of taxes (58,670 ) (1,741 ) — 60,411 — Net (Loss) Income $ (161,563 ) $ 48,438 $ (108,849 ) $ 60,411 $ (161,563 ) Comprehensive (Loss) Income $ (160,752 ) $ 46,636 $ (111,221 ) $ 64,585 $ (160,752 ) TRIBUNE MEDIA COMPANY AND SUBSIDIARIES COMPREHENSIVE INCOME (LOSS) THREE MONTHS ENDED JUNE 30, 2015 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Operating Revenues $ — $ 493,937 $ 12,670 $ (5,083 ) $ 501,524 Programming and direct operating expenses — 248,967 5,448 (4,200 ) 250,215 Selling, general and administrative 25,249 133,482 7,274 (883 ) 165,122 Depreciation and amortization 1,299 60,496 4,608 — 66,403 Total Operating Expenses 26,548 442,945 17,330 (5,083 ) 481,740 Operating (Loss) Profit (26,548 ) 50,992 (4,660 ) — 19,784 Income on equity investments, net — 45,913 — — 45,913 Interest and dividend income — 25 18 — 43 Interest expense (40,102 ) — (272 ) — (40,374 ) Loss on extinguishment of debt (37,040 ) — — — (37,040 ) Gain on investment transaction, net 1 8,132 — — 8,133 Other non-operating items (417 ) — — — (417 ) Intercompany interest income (expense) 439 (439 ) — — — Intercompany income (charges) 25,065 (24,976 ) (89 ) — — (Loss) Income Before Income Taxes and Earnings (Losses) from Consolidated Subsidiaries (78,602 ) 79,647 (5,003 ) — (3,958 ) Income tax (benefit) expense (29,782 ) 30,125 (1,036 ) — (693 ) Equity (deficit) in earnings of consolidated subsidiaries, net of taxes 45,555 (1,387 ) — (44,168 ) — Net (Loss) Income $ (3,265 ) $ 48,135 $ (3,967 ) $ (44,168 ) $ (3,265 ) Comprehensive (Loss) Income $ (6,328 ) $ 49,268 $ (4,237 ) $ (45,031 ) $ (6,328 ) TRIBUNE MEDIA COMPANY AND SUBSIDIARIES COMPREHENSIVE INCOME (LOSS) SIX MONTHS ENDED JUNE 30, 2016 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Operating Revenues $ — $ 1,024,264 $ 31,154 $ (8,790 ) $ 1,046,628 Programming and direct operating expenses — 470,642 11,791 (6,189 ) 476,244 Selling, general and administrative 49,419 302,063 14,491 (2,601 ) 363,372 Depreciation and amortization 5,337 118,245 10,074 — 133,656 Total Operating Expenses 54,756 890,950 36,356 (8,790 ) 973,272 Operating (Loss) Profit (54,756 ) 133,314 (5,202 ) — 73,356 (Loss) income on equity investments, net (1,398 ) 83,956 — — 82,558 Interest and dividend income 308 53 25 — 386 Interest expense (83,402 ) — (481 ) — (83,883 ) Other non-operating items (379 ) — — — (379 ) Intercompany interest income (expense) 878 (878 ) — — — Intercompany income (charges) 47,522 (47,410 ) (112 ) — — (Loss) Income Before Income Taxes and Earnings (Losses) from Consolidated Subsidiaries (91,227 ) 169,035 (5,770 ) — 72,038 Income tax expense 39,785 79,156 103,567 — 222,508 Equity (deficit) in earnings of consolidated subsidiaries, net of taxes (19,458 ) (806 ) — 20,264 — Net (Loss) Income $ (150,470 ) $ 89,073 $ (109,337 ) $ 20,264 $ (150,470 ) Comprehensive (Loss) Income $ (146,022 ) $ 87,375 $ (107,772 ) $ 20,397 $ (146,022 ) TRIBUNE MEDIA COMPANY AND SUBSIDIARIES COMPREHENSIVE INCOME (LOSS) SIX MONTHS ENDED JUNE 30, 2015 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Operating Revenues $ — $ 957,478 $ 27,504 $ (10,721 ) $ 974,261 Programming and direct operating expenses — 438,655 14,675 (6,611 ) 446,719 Selling, general and administrative 49,189 258,204 12,312 (4,110 ) 315,595 Depreciation and amortization 2,468 120,288 8,472 — 131,228 Total Operating Expenses 51,657 817,147 35,459 (10,721 ) 893,542 Operating (Loss) Profit (51,657 ) 140,331 (7,955 ) — 80,719 Income on equity investments, net — 82,847 — — 82,847 Interest and dividend income 300 51 59 — 410 Interest expense (79,025 ) (5 ) (556 ) — (79,586 ) Loss on extinguishment of debt (37,040 ) — — — (37,040 ) Gain on investment transaction, net 688 8,132 — — 8,820 Other non-operating items (1,343 ) (66 ) — — (1,409 ) Intercompany interest income (expense) 878 (878 ) — — — Intercompany income (charges) 50,130 (49,952 ) (178 ) — — (Loss) Income Before Income Taxes and Earnings (Losses) from Consolidated Subsidiaries (117,069 ) 180,460 (8,630 ) — 54,761 Income tax (benefit) expense (44,904 ) 70,017 (3,504 ) — 21,609 Equity (deficit) in earnings of consolidated subsidiaries, net of taxes 105,317 (2,711 ) — (102,606 ) — Net Income (Loss) $ 33,152 $ 107,732 $ (5,126 ) $ (102,606 ) $ 33,152 Comprehensive Income (Loss) $ 23,754 $ 107,000 $ (8,922 ) $ (98,078 ) $ 23,754 TRIBUNE MEDIA COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS AS OF JUNE 30, 2016 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Assets Current Assets Cash and cash equivalents $ 345,111 $ 9,959 $ 11,570 $ — $ 366,640 Restricted cash and cash equivalents 17,579 — — — 17,579 Accounts receivable, net 289 436,121 11,554 — 447,964 Broadcast rights — 139,444 834 — 140,278 Income taxes receivable — 21,824 161 — 21,985 Prepaid expenses 14,279 16,483 4,727 — 35,489 Other 5,851 3,033 499 — 9,383 Total current assets 383,109 626,864 29,345 — 1,039,318 Properties Property, plant and equipment 52,968 534,158 110,893 — 698,019 Accumulated depreciation (15,944 ) (160,268 ) (6,784 ) — (182,996 ) Net properties 37,024 373,890 104,109 — 515,023 Investments in subsidiaries 10,296,365 103,627 — (10,399,992 ) — Other Assets Broadcast rights — 163,271 18 — 163,289 Goodwill — 3,508,718 53,868 — 3,562,586 Other intangible assets, net — 2,000,420 141,218 — 2,141,638 Assets held for sale — 295,542 — — 295,542 Investments 19,474 1,615,585 17,895 — 1,652,954 Intercompany receivables 1,917,846 4,764,886 455,599 (7,138,331 ) — Intercompany loan receivable 27,000 — — (27,000 ) — Other 106,343 88,410 5,854 (104,289 ) 96,318 Total other assets 2,070,663 12,436,832 674,452 (7,269,620 ) 7,912,327 Total Assets $ 12,787,161 $ 13,541,213 $ 807,906 $ (17,669,612 ) $ 9,466,668 TRIBUNE MEDIA COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS AS OF JUNE 30, 2016 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Liabilities and Shareholders’ Equity (Deficit) Current Liabilities Accounts payable $ 31,531 $ 26,648 $ 3,424 $ — $ 61,603 Debt due within one year 15,909 — 3,995 — 19,904 Income taxes payable — 7,617 1,094 — 8,711 Income tax reserves (Note 9) — — 125,400 — 125,400 Contracts payable for broadcast rights — 192,780 1,071 — 193,851 Deferred revenue — 35,336 3,961 — 39,297 Interest payable 30,055 — 2 — 30,057 Other 39,002 67,751 7,650 — 114,403 Total current liabilities 116,497 330,132 146,597 — 593,226 Non-Current Liabilities Long-term debt 3,387,336 — 12,770 — 3,400,106 Intercompany loan payable — 27,000 — (27,000 ) — Deferred income taxes — 995,568 152,539 (104,289 ) 1,043,818 Contracts payable for broadcast rights — 318,555 20 — 318,575 Contract intangible liability, net — 5,100 — — 5,100 Intercompany payables 5,237,502 1,661,323 239,506 (7,138,331 ) — Other 467,533 52,507 1,873 — 521,913 Total non-current liabilities 9,092,371 3,060,053 406,708 (7,269,620 ) 5,289,512 Total liabilities 9,208,868 3,390,185 553,305 (7,269,620 ) 5,882,738 Shareholders’ Equity (Deficit) Common stock 157 — — — 157 Treasury stock (469,380 ) — — — (469,380 ) Additional paid-in-capital 4,586,905 9,486,179 289,818 (9,775,997 ) 4,586,905 Retained (deficit) earnings (472,821 ) 672,851 (31,840 ) (641,011 ) (472,821 ) Accumulated other comprehensive (loss) income (66,568 ) (8,002 ) (9,014 ) 17,016 (66,568 ) Total Tribune Media Company shareholders’ equity (deficit) 3,578,293 10,151,028 248,964 (10,399,992 ) 3,578,293 Noncontrolling interests — — 5,637 — 5,637 Total shareholders’ equity (deficit) 3,578,293 10,151,028 254,601 (10,399,992 ) 3,583,930 Total Liabilities and Shareholders’ Equity (Deficit) $ 12,787,161 $ 13,541,213 $ 807,906 $ (17,669,612 ) $ 9,466,668 TRIBUNE MEDIA COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS AS OF DECEMBER 31, 2015 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Assets Current Assets Cash and cash equivalents $ 235,508 $ 13,054 $ 14,082 $ — $ 262,644 Restricted cash and cash equivalents 17,595 — — — 17,595 Accounts receivable, net 672 452,722 13,234 — 466,628 Broadcast rights — 157,538 2,702 — 160,240 Income taxes receivable — 42,816 22 — 42,838 Prepaid expenses 16,747 44,817 1,773 — 63,337 Other 4,494 3,818 351 — 8,663 Total current assets 275,016 714,765 32,164 — 1,021,945 Properties Property, plant and equipment 47,909 662,094 108,655 — 818,658 Accumulated depreciation (10,607 ) (144,089 ) (6,105 ) — (160,801 ) Net properties 37,302 518,005 102,550 — 657,857 Investments in subsidiaries 10,374,921 104,432 — (10,479,353 ) — Other Assets Broadcast rights — 203,376 46 — 203,422 Goodwill — 3,508,718 53,094 — 3,561,812 Other intangible assets, net — 2,091,010 149,189 — 2,240,199 Assets held for sale — 206,422 — — 206,422 Investments 18,276 1,659,029 15,395 — 1,692,700 Intercompany receivables 1,560,781 4,265,957 331,873 (6,158,611 ) — Intercompany loan receivable 27,000 — — (27,000 ) — Other (1) 189,517 117,124 5,167 (187,302 ) 124,506 Total other assets 1,795,574 12,051,636 554,764 (6,372,913 ) 8,029,061 Total Assets $ 12,482,813 $ 13,388,838 $ 689,478 $ (16,852,266 ) $ 9,708,863 TRIBUNE MEDIA COMPANY AND SUBSIDIARIES AS OF DECEMBER 31, 2015 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Liabilities and Shareholders’ Equity (Deficit) Current Liabilities Accounts payable $ 29,587 $ 24,153 $ 6,654 $ — $ 60,394 Debt due within one year (1) 15,874 — 3,988 — 19,862 Income taxes payable — 2,700 758 — 3,458 Contracts payable for broadcast rights — 233,660 3,016 — 236,676 Deferred revenue — 39,654 5,067 — 44,721 Interest payable 33,826 — 2 — 33,828 Other 44,615 91,384 5,862 — 141,861 Total current liabilities 123,902 391,551 25,347 — 540,800 Non-Current Liabilities Long-term debt (1) 3,394,753 — 14,736 — 3,409,489 Intercompany loan payable — 27,000 — (27,000 ) — Deferred income taxes — 994,083 177,251 (187,302 ) 984,032 Contracts payable for broadcast rights — 385,052 55 — 385,107 Contract intangible liability, net — 13,772 — — 13,772 Intercompany payables 4,652,289 1,397,981 108,341 (6,158,611 ) — Other 485,671 55,779 2,491 — 543,941 Total non-current liabilities 8,532,713 2,873,667 302,874 (6,372,913 ) 5,336,341 Total Liabilities 8,656,615 3,265,218 328,221 (6,372,913 ) 5,877,141 Shareholders’ Equity (Deficit) Common stock 100 — — — 100 Treasury stock (400,153 ) — — — (400,153 ) Additional paid-in-capital 4,619,618 9,529,071 288,814 (9,817,885 ) 4,619,618 Retained (deficit) earnings (322,351 ) 600,853 77,498 (678,351 ) (322,351 ) Accumulated other comprehensive (loss) income (71,016 ) (6,304 ) (10,579 ) 16,883 (71,016 ) Total Tribune Media Company shareholders’ equity (deficit) 3,826,198 10,123,620 355,733 (10,479,353 ) 3,826,198 Noncontrolling interests — — 5,524 — 5,524 Total shareholders’ equity (deficit) 3,826,198 10,123,620 361,257 (10,479,353 ) 3,831,722 Total Liabilities and Shareholders’ Equity (Deficit) $ 12,482,813 $ 13,388,838 $ 689,478 $ (16,852,266 ) $ 9,708,863 (1) December 31, 2015 balances have been reclassified to present debt issuance costs as a direct deduction from the carrying amount of an associated debt liability in accordance with ASU 2015-03. TRIBUNE MEDIA COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2016 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Net cash (used in) provided by operating activities $ (39,775 ) $ 283,808 $ (2,714 ) $ — $ 241,319 Investing Activities Capital expenditures (7,094 ) (24,830 ) (3,507 ) — (35,431 ) Transfers from restricted cash — 297 — — 297 Investments (850 ) (101 ) (2,500 ) — (3,451 ) Intercompany dividend 3,326 — — (3,326 ) — Proceeds from sales of real estate and other assets — 33,021 681 — 33,702 Net cash (used in) provided by investing activities (4,618 ) 8,387 (5,326 ) (3,326 ) (4,883 ) Financing Activities Repayments of long-term debt (11,896 ) — (2,024 ) — (13,920 ) Long-term debt issuance costs (784 ) — — — (784 ) Payment of dividends (46,174 ) — — — (46,174 ) Settlement of contingent consideration — (750 ) — — (750 ) Common stock repurchases (66,548 ) — — — (66,548 ) Tax withholdings related to net share settlements of share-based awards (4,377 ) — — — (4,377 ) Contributions from noncontrolling interests — — 113 — 113 Intercompany dividend — (3,326 ) — 3,326 — Change in intercompany receivables and payables (1) 283,775 (291,214 ) 7,439 — — Net cash provided by (used in) financing activities 153,996 (295,290 ) 5,528 3,326 (132,440 ) Net Increase (Decrease) in Cash and Cash Equivalents 109,603 (3,095 ) (2,512 ) — 103,996 Cash and cash equivalents, beginning of year 235,508 13,054 14,082 — 262,644 Cash and cash equivalents, end of year $ 345,111 $ 9,959 $ 11,570 $ — $ 366,640 (1) Excludes the impact of a $56 million non-cash settlement of intercompany balances upon dissolution of certain Guarantor subsidiaries. TRIBUNE MEDIA COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2015 (In thousands of dollars) Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Net cash used in operating activities $ (29,465 ) $ (31,963 ) $ (14,950 ) $ — $ (76,378 ) Investing Activities Capital expenditures (13,935 ) (23,129 ) (1,653 ) — (38,717 ) Acquisitions, net of cash acquired — (109 ) (69,865 ) — (69,974 ) Investments — (411 ) (2,500 ) — (2,911 ) Proceeds from sales of real estate and other assets — 13,750 — — 13,750 Net cash used in investing activities (13,935 ) (9,899 ) (74,018 ) — (97,852 ) Financing Activities Long-term borrowings 1,100,000 — — — 1,100,000 Repayments of long-term debt (1,097,250 ) (54 ) (3,038 ) — (1,100,342 ) Long-term debt issuance costs (20,207 ) — — — (20,207 ) Payments of dividends (672,744 ) — — — (672,744 ) Common stock repurchases (181,276 ) — — — (181,276 ) Change in excess tax benefits from stock-based awards (532 ) — — — (532 ) Tax withholdings related to net share settlements of share-based awards (3,831 ) — — — (3,831 ) Proceeds from stock option exercises 166 — — — 166 Contributions from noncontrolling interest — — 1,324 — 1,324 Change in intercompany receivables and payables (124,585 ) 33,582 91,003 — — Net cash (used in) provided by financing activities (1,000,259 ) 33,528 89,289 — (877,442 ) Net Increase (Decrease) in Cash and Cash Equivalents (1,043,659 ) (8,334 ) 321 — (1,051,672 ) Cash and cash equivalents, beginning of year 1,433,388 12,204 9,591 — 1,455,183 Cash and cash equivalents, end of year $ 389,729 $ 3,870 $ 9,912 $ — $ 403,511

Basis Of Presentation And Sig27

Basis Of Presentation And Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Presentation	Presentation —All references to Tribune Media Company or Tribune Company in the accompanying unaudited condensed consolidated financial statements encompass the historical operations of Tribune Media Company and its subsidiaries (collectively, the “Company”). The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial reporting. The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by U.S. GAAP. These unaudited condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2015 included in the Company’s Annual Report on Form 10-K. In the opinion of management, the financial statements contain all adjustments necessary to state fairly the financial position of the Company as of June 30, 2016 and the results of operations and cash flows for the three and six months ended June 30, 2016 and June 30, 2015 . All adjustments reflected in the accompanying unaudited condensed consolidated financial statements, which management believes necessary to state fairly the financial position, results of operations and cash flows, have been reflected and are of a normal recurring nature. Results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. On April 16, 2015, the Company’s Board of Directors (the “Board”) approved the change of the Company’s fiscal year end from the last Sunday in December of each year to December 31 of each year and to change the Company’s fiscal quarter end to the last calendar day of each quarter. This change in fiscal year end was effective with the Company’s second fiscal quarter of 2015, which ended on June 30, 2015.
Change in Accounting Principles	Change in Accounting Principles —In November 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-17, “Balance Sheet Classification of Deferred Taxes.” The Company elected to early adopt ASU 2015-17 prospectively in the fourth quarter of fiscal 2015 and present all deferred tax assets and liabilities, along with any related valuation allowances as of December 31, 2015, as noncurrent on the Company’s audited Consolidated Balance Sheets. The adoption of ASU 2015-17 was required to be treated as a change in accounting principle. In April 2015 , the FASB issued ASU No. 2015-03, “Interest — Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs” and in August 2015, the FASB issued ASU No. 2015-15, “Interest - Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements—Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting (SEC Update).” The Company adopted ASU 2015-03 and ASU 2015-15 retrospectively in the first quarter of fiscal 2016 and presented debt issuance costs as a direct deduction from the carrying amount of an associated debt liability, with the exception of debt issuance costs related to the Company’s Revolving Credit Facility which continue to be presented as an asset and amortized over the appropriate term. As a result of this reclassification, the carrying value of the Company’s debt as of December 31, 2015 decreased by $50 million (see Note 6 for additional information). The adoption of ASU 2015-03 and ASU 2015-15 was required to be treated as a change in accounting principle.
Broadcast Rights	Broadcast Rights —The Company amortizes its broadcast rights costs over the period in which an economic benefit is expected to be derived based on the timing of the usage and benefit from such programming. Newer licensed/acquired programming and original produced programming are generally amortized on an accelerated basis as the episodes are aired. For certain categories of licensed programming and feature films that have been exploited through previous cycles, amortization expense is recorded on a straight-line basis. The Company also has commitments for network and sports programming that are expensed on a straight-line basis as the programs are available to air. Management’s judgment is required in determining the timing of the expensing of these costs, and includes analyses of historical and estimated future revenue and ratings patterns for similar programming. The Company regularly reviews, and revises when necessary, its revenue estimates, which may result in a change in the rate of amortization. Amortization of broadcast rights are expensed to programming in the Company’s Consolidated Statements of Operations. As a result of an updated analysis completed in the first quarter of 2016, the Company updated its amortization model for certain categories of programming effective January 1, 2016. Program amortization for these programs is now calculated on either an accelerated or straight-line basis based upon the greater amortization resulting from either the number of episodes aired or the portion of the license period consumed.
Use of Estimates	Use of Estimates —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 condensed consolidated financial statements and accompanying notes. Actual results could differ from these estimates.
New Accounting Standards	New Accounting Standard s—In June 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326).” The standard requires entities to estimate loss of financial assets measured at amortized cost, including trade receivables, debt securities and loans, using an expected credit loss model. The expected credit loss differs from the previous incurred losses model primarily in that the loss recognition threshold of “probably” has been eliminated and that expected loss should consider reasonable and supportable forecasts in addition to the previously considered past events and current conditions. Additionally, the guidance requires additional disclosures related to the further disaggregation of information related to the credit quality of financial assets by year of the asset’s origination for as many as five years. Entities must apply the standard provision as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective. The standard is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted for annual periods beginning after December 15, 2018, and interim periods within those fiscal years. The Company is currently evaluating the impact of adopting ASU 2016-13 on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, “Compensation - Stock Compensation (Topic 718).” The new guidance requires companies to record all excess tax benefits and tax deficiencies as income tax expense or benefit in the income statement, which will eliminate additional paid-in capital pools. Companies are to apply this amendment prospectively. The guidance also requires companies to present excess tax benefits as an operating activity on the statement of cash flows, which can be applied retrospectively or prospectively. The guidance in ASU 2016-09 will allow an employer to repurchase more of an employees’ shares than it can today for tax withholding purposes without triggering liability accounting. Additionally, the guidance requires companies to make a policy election to account for forfeitures of share-based payments by either recognizing forfeitures of awards as they occur or estimating the number of awards expected to be forfeited and adjusting the estimate when it is likely to change. The election must be adopted using a modified retrospective transition method, with a cumulative-effect adjustment to retained earnings. The standard is effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. Early adoption is permitted but all of the guidance must be adopted in the same period. The Company is currently evaluating the timing and the impact of adopting ASU 2016-09 on its consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Subtopic 842).” The new guidance requires lessees to recognize assets and liabilities arising from leases as well as extensive quantitative and qualitative disclosures. A lessee will need to recognize on its balance sheet a right-of-use asset and a lease liability for the majority of its leases (other than leases that meet the definition of a short-term lease). The lease liabilities will be equal to the present value of lease payments. The right-of-use asset will be measured at the lease liability amount, adjusted for lease prepayment, lease incentives received and the lessee’s initial direct costs. The standard is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. ASU 2016-02 is required to be applied using the modified retrospective approach for all leases existing as of the effective date and provides for certain practical expedients. The Company is currently evaluating the impact of adopting ASU 2016-02 on its consolidated financial statements. In January 2016, the FASB issued ASU No. 2016-01, “Financial Instruments - Overall (Subtopic 825-10).” The new guidance requires entities to measure equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) at fair value, with changes in fair value recognized in net income and requires entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. Further, entities will no longer be able to recognize unrealized holding gains and losses on equity securities classified today as available for sale in other comprehensive income and they will no longer be able to use the cost method of accounting for equity securities that do not have readily determinable fair values. The guidance has additional amendments to presentation and disclosure requirements of financial instruments. The amendments in this ASU are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company is currently evaluating the impact of adopting ASU 2016-01 on its consolidated financial statements. In May 2014 , the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606).” The amendments in ASU 2014-09 create Topic 606, Revenue from Contracts with Customers, and supersede the revenue recognition requirements in Topic 605, Revenue Recognition, including most industry-specific revenue recognition guidance. The core principle of Topic 606 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The amendments in ASU 2014-09 are effective for annual periods beginning after December 15, 2016 , including interim periods within that reporting period. However, in August 2015, the FASB issued ASU No. 2015-14, “Revenue from Contracts with Customers (Topic 606) - Deferral of the Effective Date,” which deferred the effective date of ASU 2014-09 by one year for annual periods beginning after December 15, 2017, while allowing early adoption as of the original public entity date. In March 2016, the FASB issued ASU No. 2016-08, “Revenue from Contracts with Customers (Topic 606) - Principal versus Agent Considerations (Reporting Revenue Gross versus Net),” which clarifies the implementation guidance on principal versus agent considerations. In April 2016, the FASB issued ASU No. 2016-10, “Revenue from Contracts with Customers (Topic 606) - Identifying Performance Obligations and Licensing,” which amends the revenue recognition guidance on accounting for licenses of intellectual property and identifying performance obligations as well as clarifies when a promised good or service is separately identifiable. In May 2016, the FASB issued ASU No. 2016-12, “Revenue from Contracts with Customers (Topic 606) - Narrow-Scope Improvements and Practical Expedients,” which provides clarifying guidance in certain narrow areas such as an assessment of collectibility, presentation of sales taxes, noncash consideration, and completed contracts and contract modifications at transition as well as adds some practical expedients. The amendments in ASU 2014-09, ASU 2016-08, ASU 2016-10 and ASU 2016-12 may be applied either retrospectively to each prior period presented or retrospectively with the cumulative effect of initially applying ASU 2014-09, ASU 2016-08, ASU 2016-10 and ASU 2016-12 at the date of initial application. The Company is currently evaluating adoption methods and the impact of adopting ASU 2014-09, ASU 2016-08, ASU 2016-10 and ASU 2016-12 on its consolidated financial statements. Currently, the Company expects that the new revenue recognition standard will have an impact on revenue recognition under certain contracts in both the Television and Entertainment and Digital and Data segments.
Amortization of Broadcast Rights Contract Intangible Assets and Liabilities	These intangible liabilities are reclassified as a reduction of broadcast rights assets in the Company’s unaudited Condensed Consolidated Balance Sheet as the programming becomes available for broadcast and subsequently amortized as a reduction of programming expenses in the unaudited Condensed Consolidated Statement of Operations in accordance with the Company’s methodology for amortizing the related broadcast rights.
Amortization of Basis Difference Relating to Equity Method Investment Fresh-Start Adjustments	The Company amortizes the differences between the fair values and the investees’ carrying values of the identifiable intangible assets subject to amortization and records the amortization (the “amortization of basis difference”) as a reduction of income on equity investments, net in its unaudited Condensed Consolidated Statements of Operations.

Basis Of Presentation And Sig28

Basis Of Presentation And Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The Company’s unaudited Condensed Consolidated Balance Sheets as of June 30, 2016 and December 31, 2015 include the following assets and liabilities of the Dreamcatcher stations (in thousands): June 30, 2016 December 31, 2015 (1) Property, plant and equipment, net $ 231 $ 371 Broadcast rights 852 2,748 Other intangible assets, net 87,706 92,970 Other assets 388 111 Total Assets $ 89,177 $ 96,200 Debt due within one year $ 3,996 $ 3,989 Contracts payable for broadcast rights 1,071 3,016 Long-term debt 12,770 14,736 Other liabilities 20 55 Total Liabilities $ 17,857 $ 21,796 (1) December 31, 2015 balances have been reclassified to present debt issuance costs as a direct deduction from the carrying amount of an associated debt liability in accordance with ASU 2015-03.

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2016
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The total purchase price for the Infostrada Sports, SportsDirect, Covers and Enswers acquisitions assigned to the acquired assets and assumed liabilities of these companies is as follows (in thousands): Consideration: Cash $ 71,768 Less: cash acquired (1,919 ) Net cash $ 69,849 Allocated Fair Value of Acquired Assets and Assumed Liabilities: Restricted cash and cash equivalents $ 404 Accounts receivable and other current assets 2,481 Property and equipment 805 Deferred tax assets 3,816 Other long term assets 157 Intangible assets subject to amortization Customer relationships (useful lives of 6 to 16 years) 17,000 Content databases (useful lives of 10 to 16 years) 13,900 Technologies (useful lives 4 to 10 years) 6,900 Trade name and trademarks (useful life of 15 years) 5,200 Non-competition agreement (useful life 5 years) 1,100 Accounts payable and other current liabilities (1,507 ) Deferred revenue (339 ) Deferred tax liabilities (10,097 ) Other liabilities (477 ) Total identifiable net assets 39,343 Goodwill 30,506 Total net assets acquired $ 69,849

Assets Held For Sale and Sale30

Assets Held For Sale and Sales of Real Estate (Tables)	6 Months Ended
	Jun. 30, 2016
Assets Held-for-sale, Not Part of Disposal Group [Abstract]
Assets Held For Sale	Assets Held for Sale —Assets held for sale in the Company’s unaudited Condensed Consolidated Balance Sheet consisted of the following (in thousands): June 30, 2016 December 31, 2015 Real estate $ 295,542 $ 206,422

Goodwill, Other Intangible As31

Goodwill, Other Intangible Assets And Liabilities (Tables)	6 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill	Goodwill and other intangible assets consisted of the following (in thousands): June 30, 2016 December 31, 2015 Gross Amount Accumulated Amortization Net Amount Gross Amount Accumulated Amortization Net Amount Other intangible assets subject to amortization Affiliate relationships (useful life of 16 years) $ 212,000 $ (46,375 ) $ 165,625 $ 212,000 $ (39,750 ) $ 172,250 Advertiser relationships (useful life of 8 years) 168,000 (73,500 ) 94,500 168,000 (63,000 ) 105,000 Network affiliation agreements (useful life of 5 to 16 years) 362,000 (112,919 ) 249,081 362,000 (92,113 ) 269,887 Retransmission consent agreements (useful life of 7 to 12 years) 830,100 (241,975 ) 588,125 830,100 (196,955 ) 633,145 Other customer relationships (useful life of 3 to 16 years) 115,146 (28,937 ) 86,209 114,827 (23,315 ) 91,512 Content databases (useful life of 5 to 16 years) 134,613 (28,948 ) 105,665 134,299 (23,623 ) 110,676 Other technology (useful life of 4 to 10 years) 46,964 (12,987 ) 33,977 47,011 (9,733 ) 37,278 Trade names and trademarks (useful life of 3 to15 years) 14,151 (2,213 ) 11,938 13,853 (1,625 ) 12,228 Other (useful life of 3 to 11 years) 14,611 (5,493 ) 9,118 16,337 (5,514 ) 10,823 Total $ 1,897,585 $ (553,347 ) 1,344,238 $ 1,898,427 $ (455,628 ) 1,442,799 Other intangible assets not subject to amortization FCC licenses 782,600 782,600 Trade name 14,800 14,800 Total other intangible assets, net 2,141,638 2,240,199 Goodwill Television and Entertainment 3,220,300 3,220,300 Digital and Data 342,286 341,512 Total goodwill 3,562,586 3,561,812 Total goodwill and other intangible assets $ 5,704,224 $ 5,802,011
Schedule Of Changes of Finite-Lived Intangible Assets, Indefinite-Lived Intangible Assets, and Goodwill	The changes in the carrying amounts of intangible assets during the six months ended June 30, 2016 were as follows (in thousands): Television and Entertainment Digital and Data Total Other intangible assets subject to amortization Balance as of December 31, 2015 $ 1,185,215 $ 257,584 $ 1,442,799 Amortization (1) (83,563 ) (15,860 ) (99,423 ) Foreign currency translation adjustment — 862 862 Balance as of June 30, 2016 $ 1,101,652 $ 242,586 $ 1,344,238 Other intangible assets not subject to amortization Balance as of June 30, 2016 and December 31, 2015 $ 797,400 $ — $ 797,400 Goodwill Gross balance as of December 31, 2015 $ 3,601,300 $ 341,512 $ 3,942,812 Accumulated impairment losses as of December 31, 2015 (381,000 ) — (381,000 ) Balance as of December 31, 2015 $ 3,220,300 $ 341,512 $ 3,561,812 Foreign currency translation adjustment — 774 774 Balance as of June 30, 2016 $ 3,220,300 $ 342,286 $ 3,562,586 Total goodwill and other intangible assets as of June 30, 2016 $ 5,119,352 $ 584,872 $ 5,704,224 (1) Amortization of intangible assets includes $1 million related to lease contract intangible assets and is recorded in SG&A in the Company’s unaudited Condensed Consolidated Statements of Operations.
Schedule Of Finite-Lived Intangible Liabilities	The Company's intangible liabilities subject to amortization consisted of the following (in thousands): June 30, 2016 December 31, 2015 Gross Amount Accumulated Amortization Net Amount Gross Amount Accumulated Amortization Net Amount Intangible liabilities subject to amortization Broadcast rights intangible liabilities $ 80,440 $ (75,377 ) $ 5,063 $ 80,440 $ (66,729 ) $ 13,711 Lease contract intangible liabilities 209 (172 ) 37 209 (148 ) 61 Total intangible liabilities subject to amortization $ 80,649 $ (75,549 ) $ 5,100 $ 80,649 $ (66,877 ) $ 13,772
Schedule Of Changes of Finite-Lived Intangible Liabilities	The net changes in the carrying amounts of intangible liabilities during the six months ended June 30, 2016 were as follows (in thousands): Television and Entertainment Intangible liabilities subject to amortization Balance as of December 31, 2015 $ 13,772 Amortization (8,672 ) Balance as of June 30, 2016 $ 5,100

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2016
Investments [Abstract]
Schedule of Investments	Investments consisted of the following (in thousands): June 30, 2016 December 31, 2015 Equity method investments $ 1,622,546 $ 1,668,316 Cost method investments 24,247 20,868 Marketable equity securities 6,161 3,516 Total investments $ 1,652,954 $ 1,692,700
Equity Method Investments Information	Income from equity investments, net reported in the Company’s unaudited Condensed Consolidated Statements of Operations consisted of the following (in thousands): Three Months Ended Six Months Ended June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 Income from equity investments, net, before amortization of basis difference $ 57,950 $ 59,475 $ 109,873 $ 109,971 Amortization of basis difference (13,644 ) (13,562 ) (27,315 ) (27,124 ) Income from equity investments, net $ 44,306 $ 45,913 $ 82,558 $ 82,847 Cash distributions from the Company’s equity method investments were as follows (in thousands): Three Months Ended Six Months Ended June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 Cash distributions from equity investments $ 36,258 $ 34,242 $ 125,604 $ 129,148
Summary of Financial Information of Equity Investments	Summarized Financial Information —Summarized financial information for TV Food Network is as follows (in thousands): Three Months Ended Six Months Ended June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 Revenues, net $ 298,275 $ 278,410 $ 575,451 $ 539,633 Operating income $ 188,381 $ 151,728 $ 370,377 $ 282,026 Net income $ 157,213 $ 155,770 $ 305,530 $ 289,925 Summarized financial information for CareerBuilder is as follows (in thousands): Three Months Ended Six Months Ended June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 Revenues, net $ 180,748 $ 176,034 $ 351,906 $ 351,188 Operating income $ 29,598 $ 33,614 $ 48,927 $ 63,940 Net income $ 28,842 $ 33,063 $ 49,154 $ 61,414

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Debt consisted of the following (in thousands): June 30, 2016 December 31, 2015 (1) Term Loan Facility due 2020, effective interest rate of 3.82%, net of unamortized discount and debt issuance costs of $35,207 and $39,147 $ 2,320,137 $ 2,328,092 5.875% Senior Notes due 2022, net of debt issuance costs of $16,892 and $17,466 1,083,108 1,082,534 Dreamcatcher Credit Facility due 2018, effective interest rate of 4.08%, net of unamortized discount and debt issuance costs of $110 and $175 16,765 18,725 Total debt 3,420,010 3,429,351 Less: Debt due within one year 19,904 19,862 Long-term debt, net of current portion $ 3,400,106 $ 3,409,489 (1) December 31, 2015 balances have been reclassified to present debt issuance costs as a direct deduction from the carrying amount of an associated debt liability in accordance with ASU 2015-03. See Note 1 for further information.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value, by Balance Sheet Grouping	Estimated fair values and carrying amounts of the Company’s financial instruments that are not measured at fair value on a recurring basis were as follows (in thousands): June 30, 2016 December 31, 2015 Fair Carrying Fair Carrying Cost method investments $ 24,247 $ 24,247 $ 20,868 $ 20,868 Term Loan Facility $ 2,346,511 $ 2,320,137 $ 2,328,038 $ 2,328,092 5.875% Senior Notes due 2022 $ 1,100,000 $ 1,083,108 $ 1,108,250 $ 1,082,534 Dreamcatcher Credit Facility $ 16,812 $ 16,765 $ 18,587 $ 18,725 (1) December 31, 2015 balances have been reclassified to present debt issuance costs as a direct deduction from the carrying amount of an associated debt liability in accordance with ASU 2015-03. See Note 1 for further information.

Pension And Other Retirement 35

Pension And Other Retirement Plans (Tables)	6 Months Ended
	Jun. 30, 2016
Compensation and Retirement Disclosure [Abstract]
Schedule of Net Benefit Costs	The components of net periodic benefit credit for Company-sponsored pension plans, net of taxes, for the three and six months ended June 30, 2016 and June 30, 2015 were as follows (in thousands): Pension Benefits Three Months Ended Six Months Ended June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 Service cost $ 177 $ 198 $ 346 $ 354 Interest cost 20,611 20,531 41,362 40,908 Expected return on plans’ assets (26,895 ) (28,009 ) (53,808 ) (55,845 ) Amortization of prior service costs 45 — 45 — Net periodic benefit credit $ (6,062 ) $ (7,280 ) $ (12,055 ) $ (14,583 )

Capital Stock (Tables)

Capital Stock (Tables)	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Dividends Declared	The Board declared quarterly cash dividends per share on Common Stock to holders of record of Common Stock and Warrants as follows (in thousands, except per share data): 2016 2015 Per Share Total Amount Per Share Total Amount First quarter $ 0.25 $ 23,215 $ — $ — Second quarter 0.25 22,959 0.25 24,100 Total quarterly cash dividends declared and paid $ 0.50 $ 46,174 $ 0.25 $ 24,100

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Non-Qualified Stock Options, Activity	A summary of activity and weighted average exercise prices related to the NSOs is reflected in the table below. Six Months Ended Shares Weighted Avg. Exercise Price Outstanding, beginning of period 1,374,456 $ 60.62 Granted 1,241,354 29.22 Forfeited (172,789 ) 40.20 Cancelled (20,648 ) 61.32 Outstanding, end of period 2,422,373 $ 45.98 Vested and exercisable, end of period 605,762 $ 61.01
Restricted Stock Units Activity	A summary of activity and weighted average fair values related to the RSUs is reflected in the table below. Six Months Ended Shares Weighted Avg. Outstanding, beginning of period 839,789 $ 58.39 Granted 790,027 29.60 Dividend equivalent units granted 17,153 37.68 Vested (295,625 ) 58.64 Dividend equivalent units vested (5,415 ) 41.51 Forfeited (79,282 ) 43.46 Dividend equivalent units forfeited (1,390 ) 39.20 Outstanding and nonvested, end of period (1) 1,265,257 $ 41.13 (1) Includes 19,954 RSUs which were granted to foreign employees and which the Company expects to settle in cash. The fair value of these RSUs at June 30, 2016 was not material. These RSUs generally vest over a four year period.
Unrestricted Stock Award Activity	A summary of activity and weighted average fair values related to the unrestricted stock awards is as follows: Six Months Ended Shares Weighted Avg. Fair Value Outstanding, beginning of period — $ — Granted 16,898 33.73 Vested (16,898 ) 33.73 Outstanding and nonvested, end of period — $ —
Performance-based Units Activity	A summary of activity and weighted average fair values related to the PSUs and Supplemental PSUs is reflected in the table below. Six Months Ended Shares Weighted Avg. Fair Value Outstanding, beginning of period 106,964 $ 65.50 Granted (1) 295,390 21.26 Dividend equivalent units granted 3,578 38.93 Vested (55,720 ) 65.06 Dividend equivalent units vested (1,009 ) 41.64 Forfeited (8,096 ) 49.85 Dividend equivalent units forfeited (199 ) 39.79 Outstanding and nonvested, end of period 340,908 $ 27.57 (1) Represents shares of PSUs for which performance targets have been established and which are deemed granted under U.S. GAAP. Includes 214,416 Supplemental PSUs with an average fair value of $16.13 which was determined using a Monte Carlo simulation model, as further described above.
Unrecognized Compensation Cost, Nonvested Awards	As of June 30, 2016 , the Company had not yet recognized compensation cost on nonvested awards as follows (dollars in thousands): Unrecognized Compensation Cost Weighted Average Remaining Recognition Period Nonvested awards $ 73,845 2.8

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Schedule Of Earnings Per Share Basic And Diluted By Common Class	The calculation of basic and diluted EPS is presented below (in thousands, except for per share data): Three Months Ended Six Months Ended June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 EPS numerator: Net (loss) income, as reported $ (161,563 ) $ (3,265 ) $ (150,470 ) $ 33,152 Less: Dividends distributed to Warrants 40 172 88 172 Less: Undistributed earnings allocated to Warrants — — — 497 Net (loss) income attributable to common shareholders for basic EPS $ (161,603 ) $ (3,437 ) $ (150,558 ) $ 32,483 Add: Undistributed earnings allocated to dilutive securities — — — 1 Net (loss) income attributable to common shareholders for diluted EPS $ (161,603 ) $ (3,437 ) $ (150,558 ) $ 32,484 EPS denominator: Weighted average shares outstanding - basic 91,676 95,337 92,083 95,374 Impact of dilutive securities — — — 191 Weighted average shares outstanding - diluted 91,676 95,337 92,083 95,565 Net (loss) income per share attributable to common shareholders: Basic $ (1.76 ) $ (0.04 ) $ (1.64 ) $ 0.34 Diluted $ (1.76 ) $ (0.04 ) $ (1.64 ) $ 0.34

Accumulated Other Comprehensi39

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	Accumulated other comprehensive income (loss) is a separate component of shareholders’ equity in the Company’s unaudited Condensed Consolidated Balance Sheets. The following table summarizes the changes in accumulated other comprehensive loss, net of taxes by component for the six months ended June 30, 2016 (in thousands): Unrecognized Benefit Plan Gains and Losses Foreign Currency Translation Adjustments Unrealized Holding Gain on Marketable Securities Total Balance at December 31, 2015 $ (57,391 ) $ (15,764 ) $ 2,139 $ (71,016 ) Other comprehensive (loss) income 3,583 (133 ) 998 4,448 Balance at June 30, 2016 $ (53,808 ) $ (15,897 ) $ 3,137 $ (66,568 )

Business Segments (Tables)

Business Segments (Tables)	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following table summarizes business segment financial data for the three and six months ended June 30, 2016 and June 30, 2015 (in thousands): Three Months Ended Six Months Ended June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 Operating revenues: Television and Entertainment $ 467,149 $ 445,622 $ 921,846 $ 855,922 Digital and Data 47,334 43,625 100,587 93,827 Corporate and Other 11,630 12,277 24,195 24,512 Total operating revenues $ 526,113 $ 501,524 $ 1,046,628 $ 974,261 Operating profit (loss) : Television and Entertainment $ 83,588 $ 47,088 $ 142,333 $ 126,436 Digital and Data (10,298 ) (4,150 ) (13,210 ) (416 ) Corporate and Other (27,150 ) (23,154 ) (55,767 ) (45,301 ) Total operating profit $ 46,140 $ 19,784 $ 73,356 $ 80,719 Depreciation: Television and Entertainment $ 11,106 $ 12,023 $ 22,122 $ 23,446 Digital and Data 3,054 2,321 5,951 4,426 Corporate and Other 3,359 3,622 6,784 7,148 Total depreciation $ 17,519 $ 17,966 $ 34,857 $ 35,020 Amortization : Television and Entertainment $ 41,476 $ 41,475 $ 82,951 $ 82,985 Digital and Data 7,945 6,962 15,848 13,223 Total amortization $ 49,421 $ 48,437 $ 98,799 $ 96,208 Capital Expenditures: Television and Entertainment $ 6,603 $ 5,026 $ 13,436 $ 14,276 Digital and Data 6,046 7,917 10,969 10,522 Corporate and Other 4,934 9,475 11,026 13,919 Total capital expenditures $ 17,583 $ 22,418 $ 35,431 $ 38,717 June 30, 2016 December 31, 2015 (1) Assets: Television and Entertainment $ 7,445,574 $ 7,748,010 Digital and Data 699,564 725,151 Corporate and Other 1,025,988 1,029,280 Assets held for sale 295,542 206,422 Total assets $ 9,466,668 $ 9,708,863 (1) December 31, 2015 balances have been reclassified to present debt issuance costs as a direct deduction from the carrying amount of an associated debt liability in accordance with ASU 2015-03. See Note 1 for further information.

Condensed Consolidating Finan41

Condensed Consolidating Financial Information (Tables)	6 Months Ended
	Jun. 30, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Statements of Statement of Operations and Comprehensive Income (Loss)	TRIBUNE MEDIA COMPANY AND SUBSIDIARIES COMPREHENSIVE INCOME (LOSS) THREE MONTHS ENDED JUNE 30, 2016 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Operating Revenues $ — $ 515,819 $ 14,677 $ (4,383 ) $ 526,113 Programming and direct operating expenses — 234,776 6,416 (3,191 ) 238,001 Selling, general and administrative 23,990 144,809 7,425 (1,192 ) 175,032 Depreciation and amortization 2,768 59,094 5,078 — 66,940 Total Operating Expenses 26,758 438,679 18,919 (4,383 ) 479,973 Operating (Loss) Profit (26,758 ) 77,140 (4,242 ) — 46,140 (Loss) income on equity investments, net (678 ) 44,984 — — 44,306 Interest and dividend income 217 12 12 — 241 Interest expense (41,688 ) — (219 ) — (41,907 ) Other non-operating items (441 ) — — — (441 ) Intercompany interest income (expense) 440 (440 ) — — — Intercompany income (charges) 23,760 (23,704 ) (56 ) — — (Loss) Income Before Income Taxes and Earnings (Losses) from Consolidated Subsidiaries (45,148 ) 97,992 (4,505 ) — 48,339 Income tax expense 57,745 47,813 104,344 — 209,902 Equity (deficit) in earnings of consolidated subsidiaries, net of taxes (58,670 ) (1,741 ) — 60,411 — Net (Loss) Income $ (161,563 ) $ 48,438 $ (108,849 ) $ 60,411 $ (161,563 ) Comprehensive (Loss) Income $ (160,752 ) $ 46,636 $ (111,221 ) $ 64,585 $ (160,752 ) TRIBUNE MEDIA COMPANY AND SUBSIDIARIES COMPREHENSIVE INCOME (LOSS) THREE MONTHS ENDED JUNE 30, 2015 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Operating Revenues $ — $ 493,937 $ 12,670 $ (5,083 ) $ 501,524 Programming and direct operating expenses — 248,967 5,448 (4,200 ) 250,215 Selling, general and administrative 25,249 133,482 7,274 (883 ) 165,122 Depreciation and amortization 1,299 60,496 4,608 — 66,403 Total Operating Expenses 26,548 442,945 17,330 (5,083 ) 481,740 Operating (Loss) Profit (26,548 ) 50,992 (4,660 ) — 19,784 Income on equity investments, net — 45,913 — — 45,913 Interest and dividend income — 25 18 — 43 Interest expense (40,102 ) — (272 ) — (40,374 ) Loss on extinguishment of debt (37,040 ) — — — (37,040 ) Gain on investment transaction, net 1 8,132 — — 8,133 Other non-operating items (417 ) — — — (417 ) Intercompany interest income (expense) 439 (439 ) — — — Intercompany income (charges) 25,065 (24,976 ) (89 ) — — (Loss) Income Before Income Taxes and Earnings (Losses) from Consolidated Subsidiaries (78,602 ) 79,647 (5,003 ) — (3,958 ) Income tax (benefit) expense (29,782 ) 30,125 (1,036 ) — (693 ) Equity (deficit) in earnings of consolidated subsidiaries, net of taxes 45,555 (1,387 ) — (44,168 ) — Net (Loss) Income $ (3,265 ) $ 48,135 $ (3,967 ) $ (44,168 ) $ (3,265 ) Comprehensive (Loss) Income $ (6,328 ) $ 49,268 $ (4,237 ) $ (45,031 ) $ (6,328 ) TRIBUNE MEDIA COMPANY AND SUBSIDIARIES COMPREHENSIVE INCOME (LOSS) SIX MONTHS ENDED JUNE 30, 2016 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Operating Revenues $ — $ 1,024,264 $ 31,154 $ (8,790 ) $ 1,046,628 Programming and direct operating expenses — 470,642 11,791 (6,189 ) 476,244 Selling, general and administrative 49,419 302,063 14,491 (2,601 ) 363,372 Depreciation and amortization 5,337 118,245 10,074 — 133,656 Total Operating Expenses 54,756 890,950 36,356 (8,790 ) 973,272 Operating (Loss) Profit (54,756 ) 133,314 (5,202 ) — 73,356 (Loss) income on equity investments, net (1,398 ) 83,956 — — 82,558 Interest and dividend income 308 53 25 — 386 Interest expense (83,402 ) — (481 ) — (83,883 ) Other non-operating items (379 ) — — — (379 ) Intercompany interest income (expense) 878 (878 ) — — — Intercompany income (charges) 47,522 (47,410 ) (112 ) — — (Loss) Income Before Income Taxes and Earnings (Losses) from Consolidated Subsidiaries (91,227 ) 169,035 (5,770 ) — 72,038 Income tax expense 39,785 79,156 103,567 — 222,508 Equity (deficit) in earnings of consolidated subsidiaries, net of taxes (19,458 ) (806 ) — 20,264 — Net (Loss) Income $ (150,470 ) $ 89,073 $ (109,337 ) $ 20,264 $ (150,470 ) Comprehensive (Loss) Income $ (146,022 ) $ 87,375 $ (107,772 ) $ 20,397 $ (146,022 ) TRIBUNE MEDIA COMPANY AND SUBSIDIARIES COMPREHENSIVE INCOME (LOSS) SIX MONTHS ENDED JUNE 30, 2015 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Operating Revenues $ — $ 957,478 $ 27,504 $ (10,721 ) $ 974,261 Programming and direct operating expenses — 438,655 14,675 (6,611 ) 446,719 Selling, general and administrative 49,189 258,204 12,312 (4,110 ) 315,595 Depreciation and amortization 2,468 120,288 8,472 — 131,228 Total Operating Expenses 51,657 817,147 35,459 (10,721 ) 893,542 Operating (Loss) Profit (51,657 ) 140,331 (7,955 ) — 80,719 Income on equity investments, net — 82,847 — — 82,847 Interest and dividend income 300 51 59 — 410 Interest expense (79,025 ) (5 ) (556 ) — (79,586 ) Loss on extinguishment of debt (37,040 ) — — — (37,040 ) Gain on investment transaction, net 688 8,132 — — 8,820 Other non-operating items (1,343 ) (66 ) — — (1,409 ) Intercompany interest income (expense) 878 (878 ) — — — Intercompany income (charges) 50,130 (49,952 ) (178 ) — — (Loss) Income Before Income Taxes and Earnings (Losses) from Consolidated Subsidiaries (117,069 ) 180,460 (8,630 ) — 54,761 Income tax (benefit) expense (44,904 ) 70,017 (3,504 ) — 21,609 Equity (deficit) in earnings of consolidated subsidiaries, net of taxes 105,317 (2,711 ) — (102,606 ) — Net Income (Loss) $ 33,152 $ 107,732 $ (5,126 ) $ (102,606 ) $ 33,152 Comprehensive Income (Loss) $ 23,754 $ 107,000 $ (8,922 ) $ (98,078 ) $ 23,754
Condensed Consolidating Balance Sheets	TRIBUNE MEDIA COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS AS OF JUNE 30, 2016 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Assets Current Assets Cash and cash equivalents $ 345,111 $ 9,959 $ 11,570 $ — $ 366,640 Restricted cash and cash equivalents 17,579 — — — 17,579 Accounts receivable, net 289 436,121 11,554 — 447,964 Broadcast rights — 139,444 834 — 140,278 Income taxes receivable — 21,824 161 — 21,985 Prepaid expenses 14,279 16,483 4,727 — 35,489 Other 5,851 3,033 499 — 9,383 Total current assets 383,109 626,864 29,345 — 1,039,318 Properties Property, plant and equipment 52,968 534,158 110,893 — 698,019 Accumulated depreciation (15,944 ) (160,268 ) (6,784 ) — (182,996 ) Net properties 37,024 373,890 104,109 — 515,023 Investments in subsidiaries 10,296,365 103,627 — (10,399,992 ) — Other Assets Broadcast rights — 163,271 18 — 163,289 Goodwill — 3,508,718 53,868 — 3,562,586 Other intangible assets, net — 2,000,420 141,218 — 2,141,638 Assets held for sale — 295,542 — — 295,542 Investments 19,474 1,615,585 17,895 — 1,652,954 Intercompany receivables 1,917,846 4,764,886 455,599 (7,138,331 ) — Intercompany loan receivable 27,000 — — (27,000 ) — Other 106,343 88,410 5,854 (104,289 ) 96,318 Total other assets 2,070,663 12,436,832 674,452 (7,269,620 ) 7,912,327 Total Assets $ 12,787,161 $ 13,541,213 $ 807,906 $ (17,669,612 ) $ 9,466,668 TRIBUNE MEDIA COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS AS OF JUNE 30, 2016 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Liabilities and Shareholders’ Equity (Deficit) Current Liabilities Accounts payable $ 31,531 $ 26,648 $ 3,424 $ — $ 61,603 Debt due within one year 15,909 — 3,995 — 19,904 Income taxes payable — 7,617 1,094 — 8,711 Income tax reserves (Note 9) — — 125,400 — 125,400 Contracts payable for broadcast rights — 192,780 1,071 — 193,851 Deferred revenue — 35,336 3,961 — 39,297 Interest payable 30,055 — 2 — 30,057 Other 39,002 67,751 7,650 — 114,403 Total current liabilities 116,497 330,132 146,597 — 593,226 Non-Current Liabilities Long-term debt 3,387,336 — 12,770 — 3,400,106 Intercompany loan payable — 27,000 — (27,000 ) — Deferred income taxes — 995,568 152,539 (104,289 ) 1,043,818 Contracts payable for broadcast rights — 318,555 20 — 318,575 Contract intangible liability, net — 5,100 — — 5,100 Intercompany payables 5,237,502 1,661,323 239,506 (7,138,331 ) — Other 467,533 52,507 1,873 — 521,913 Total non-current liabilities 9,092,371 3,060,053 406,708 (7,269,620 ) 5,289,512 Total liabilities 9,208,868 3,390,185 553,305 (7,269,620 ) 5,882,738 Shareholders’ Equity (Deficit) Common stock 157 — — — 157 Treasury stock (469,380 ) — — — (469,380 ) Additional paid-in-capital 4,586,905 9,486,179 289,818 (9,775,997 ) 4,586,905 Retained (deficit) earnings (472,821 ) 672,851 (31,840 ) (641,011 ) (472,821 ) Accumulated other comprehensive (loss) income (66,568 ) (8,002 ) (9,014 ) 17,016 (66,568 ) Total Tribune Media Company shareholders’ equity (deficit) 3,578,293 10,151,028 248,964 (10,399,992 ) 3,578,293 Noncontrolling interests — — 5,637 — 5,637 Total shareholders’ equity (deficit) 3,578,293 10,151,028 254,601 (10,399,992 ) 3,583,930 Total Liabilities and Shareholders’ Equity (Deficit) $ 12,787,161 $ 13,541,213 $ 807,906 $ (17,669,612 ) $ 9,466,668 TRIBUNE MEDIA COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS AS OF DECEMBER 31, 2015 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Assets Current Assets Cash and cash equivalents $ 235,508 $ 13,054 $ 14,082 $ — $ 262,644 Restricted cash and cash equivalents 17,595 — — — 17,595 Accounts receivable, net 672 452,722 13,234 — 466,628 Broadcast rights — 157,538 2,702 — 160,240 Income taxes receivable — 42,816 22 — 42,838 Prepaid expenses 16,747 44,817 1,773 — 63,337 Other 4,494 3,818 351 — 8,663 Total current assets 275,016 714,765 32,164 — 1,021,945 Properties Property, plant and equipment 47,909 662,094 108,655 — 818,658 Accumulated depreciation (10,607 ) (144,089 ) (6,105 ) — (160,801 ) Net properties 37,302 518,005 102,550 — 657,857 Investments in subsidiaries 10,374,921 104,432 — (10,479,353 ) — Other Assets Broadcast rights — 203,376 46 — 203,422 Goodwill — 3,508,718 53,094 — 3,561,812 Other intangible assets, net — 2,091,010 149,189 — 2,240,199 Assets held for sale — 206,422 — — 206,422 Investments 18,276 1,659,029 15,395 — 1,692,700 Intercompany receivables 1,560,781 4,265,957 331,873 (6,158,611 ) — Intercompany loan receivable 27,000 — — (27,000 ) — Other (1) 189,517 117,124 5,167 (187,302 ) 124,506 Total other assets 1,795,574 12,051,636 554,764 (6,372,913 ) 8,029,061 Total Assets $ 12,482,813 $ 13,388,838 $ 689,478 $ (16,852,266 ) $ 9,708,863 TRIBUNE MEDIA COMPANY AND SUBSIDIARIES AS OF DECEMBER 31, 2015 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Liabilities and Shareholders’ Equity (Deficit) Current Liabilities Accounts payable $ 29,587 $ 24,153 $ 6,654 $ — $ 60,394 Debt due within one year (1) 15,874 — 3,988 — 19,862 Income taxes payable — 2,700 758 — 3,458 Contracts payable for broadcast rights — 233,660 3,016 — 236,676 Deferred revenue — 39,654 5,067 — 44,721 Interest payable 33,826 — 2 — 33,828 Other 44,615 91,384 5,862 — 141,861 Total current liabilities 123,902 391,551 25,347 — 540,800 Non-Current Liabilities Long-term debt (1) 3,394,753 — 14,736 — 3,409,489 Intercompany loan payable — 27,000 — (27,000 ) — Deferred income taxes — 994,083 177,251 (187,302 ) 984,032 Contracts payable for broadcast rights — 385,052 55 — 385,107 Contract intangible liability, net — 13,772 — — 13,772 Intercompany payables 4,652,289 1,397,981 108,341 (6,158,611 ) — Other 485,671 55,779 2,491 — 543,941 Total non-current liabilities 8,532,713 2,873,667 302,874 (6,372,913 ) 5,336,341 Total Liabilities 8,656,615 3,265,218 328,221 (6,372,913 ) 5,877,141 Shareholders’ Equity (Deficit) Common stock 100 — — — 100 Treasury stock (400,153 ) — — — (400,153 ) Additional paid-in-capital 4,619,618 9,529,071 288,814 (9,817,885 ) 4,619,618 Retained (deficit) earnings (322,351 ) 600,853 77,498 (678,351 ) (322,351 ) Accumulated other comprehensive (loss) income (71,016 ) (6,304 ) (10,579 ) 16,883 (71,016 ) Total Tribune Media Company shareholders’ equity (deficit) 3,826,198 10,123,620 355,733 (10,479,353 ) 3,826,198 Noncontrolling interests — — 5,524 — 5,524 Total shareholders’ equity (deficit) 3,826,198 10,123,620 361,257 (10,479,353 ) 3,831,722 Total Liabilities and Shareholders’ Equity (Deficit) $ 12,482,813 $ 13,388,838 $ 689,478 $ (16,852,266 ) $ 9,708,863 (1) December 31, 2015 balances have been reclassified to present debt issuance costs as a direct deduction from the carrying amount of an associated debt liability in accordance with ASU 2015-03.
Condensed Consolidating Statement of Cash Flows	TRIBUNE MEDIA COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2016 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Net cash (used in) provided by operating activities $ (39,775 ) $ 283,808 $ (2,714 ) $ — $ 241,319 Investing Activities Capital expenditures (7,094 ) (24,830 ) (3,507 ) — (35,431 ) Transfers from restricted cash — 297 — — 297 Investments (850 ) (101 ) (2,500 ) — (3,451 ) Intercompany dividend 3,326 — — (3,326 ) — Proceeds from sales of real estate and other assets — 33,021 681 — 33,702 Net cash (used in) provided by investing activities (4,618 ) 8,387 (5,326 ) (3,326 ) (4,883 ) Financing Activities Repayments of long-term debt (11,896 ) — (2,024 ) — (13,920 ) Long-term debt issuance costs (784 ) — — — (784 ) Payment of dividends (46,174 ) — — — (46,174 ) Settlement of contingent consideration — (750 ) — — (750 ) Common stock repurchases (66,548 ) — — — (66,548 ) Tax withholdings related to net share settlements of share-based awards (4,377 ) — — — (4,377 ) Contributions from noncontrolling interests — — 113 — 113 Intercompany dividend — (3,326 ) — 3,326 — Change in intercompany receivables and payables (1) 283,775 (291,214 ) 7,439 — — Net cash provided by (used in) financing activities 153,996 (295,290 ) 5,528 3,326 (132,440 ) Net Increase (Decrease) in Cash and Cash Equivalents 109,603 (3,095 ) (2,512 ) — 103,996 Cash and cash equivalents, beginning of year 235,508 13,054 14,082 — 262,644 Cash and cash equivalents, end of year $ 345,111 $ 9,959 $ 11,570 $ — $ 366,640 (1) Excludes the impact of a $56 million non-cash settlement of intercompany balances upon dissolution of certain Guarantor subsidiaries. TRIBUNE MEDIA COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2015 (In thousands of dollars) Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Net cash used in operating activities $ (29,465 ) $ (31,963 ) $ (14,950 ) $ — $ (76,378 ) Investing Activities Capital expenditures (13,935 ) (23,129 ) (1,653 ) — (38,717 ) Acquisitions, net of cash acquired — (109 ) (69,865 ) — (69,974 ) Investments — (411 ) (2,500 ) — (2,911 ) Proceeds from sales of real estate and other assets — 13,750 — — 13,750 Net cash used in investing activities (13,935 ) (9,899 ) (74,018 ) — (97,852 ) Financing Activities Long-term borrowings 1,100,000 — — — 1,100,000 Repayments of long-term debt (1,097,250 ) (54 ) (3,038 ) — (1,100,342 ) Long-term debt issuance costs (20,207 ) — — — (20,207 ) Payments of dividends (672,744 ) — — — (672,744 ) Common stock repurchases (181,276 ) — — — (181,276 ) Change in excess tax benefits from stock-based awards (532 ) — — — (532 ) Tax withholdings related to net share settlements of share-based awards (3,831 ) — — — (3,831 ) Proceeds from stock option exercises 166 — — — 166 Contributions from noncontrolling interest — — 1,324 — 1,324 Change in intercompany receivables and payables (124,585 ) 33,582 91,003 — — Net cash (used in) provided by financing activities (1,000,259 ) 33,528 89,289 — (877,442 ) Net Increase (Decrease) in Cash and Cash Equivalents (1,043,659 ) (8,334 ) 321 — (1,051,672 ) Cash and cash equivalents, beginning of year 1,433,388 12,204 9,591 — 1,455,183 Cash and cash equivalents, end of year $ 389,729 $ 3,870 $ 9,912 $ — $ 403,511

Basis Of Presentation And Sig42

Basis Of Presentation And Significant Accounting Policies (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Investment Holdings [Line Items]
Decrease in carrying value of debt					$ 50,000
Operating revenues	$ 526,113	$ 501,524	$ 1,046,628	$ 974,261
Operating profit	46,140	19,784	73,356	80,719
Dreamcatcher Stations | Variable Interest Entity, Primary Beneficiary
Investment Holdings [Line Items]
Operating revenues	18,000	17,000	35,000	32,000
Operating profit	$ 4,000	$ 5,000	$ 7,000	$ 7,000

Basis Of Presentation And Sig43

Basis Of Presentation And Significant Accounting Policies - Dreamcatcher (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Variable Interest Entity [Line Items]
Property, plant and equipment, net	$ 515,023	$ 657,857
Broadcast rights	163,289	203,422
Other intangible assets, net	2,141,638	2,240,199
Other assets	96,318	124,506	[1]
Total Assets	9,466,668	9,708,863	[2]
Debt due within one year	19,904	19,862	[1]
Contracts payable for broadcast rights	193,851	236,676
Long-term debt	3,400,106	3,409,489	[1],[3]
Other liabilities	68,453	71,776
Total Liabilities	5,882,738	5,877,141
Dreamcatcher | Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Property, plant and equipment, net	231	371	[4]
Broadcast rights	852	2,748	[4]
Other intangible assets, net	87,706	92,970	[4]
Other assets	388	111	[4]
Total Assets	89,177	96,200	[4]
Debt due within one year	3,996	3,989	[4]
Contracts payable for broadcast rights	1,071	3,016	[4]
Long-term debt	12,770	14,736	[4]
Other liabilities	20	55	[4]
Total Liabilities	$ 17,857	$ 21,796	[4]
[1]	(1) December 31, 2015 balances have been reclassified to present debt issuance costs as a direct deduction from the carrying amount of an associated debt liability in accordance with ASU 2015-03.
[2]	(1) December 31, 2015 balances have been reclassified to present debt issuance costs as a direct deduction from the carrying amount of an associated debt liability in accordance with ASU 2015-03. See Note 1 for further information.
[3]	(1) December 31, 2015 balances have been reclassified to present debt issuance costs as a direct deduction from the carrying amount of an associated debt liability in accordance with ASU 2015-03. See Note 1 for further information.
[4]	(1) December 31, 2015 balances have been reclassified to present debt issuance costs as a direct deduction from the carrying amount of an associated debt liability in accordance with ASU 2015-03.

Acquisitions Narrative (Details

Acquisitions Narrative (Details) - USD ($) $ in Thousands	1 Months Ended	6 Months Ended		12 Months Ended
	May 31, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Business Acquisition [Line Items]
Payments to acquire businesses, net of cash acquired		$ 0	$ 69,974
Infostrada, SportsDirect, Covers, Enswers
Business Acquisition [Line Items]
Payments to acquire businesses, net of cash acquired	$ 69,849
Transaction costs				$ 3,000
Intangible assets, useful life (years)	12 years
Infostrada, SportsDirect, Covers, Enswers | Customer Relationships
Business Acquisition [Line Items]
Intangible assets, useful life (years)	11 years
Infostrada, SportsDirect, Covers, Enswers | Content Databases
Business Acquisition [Line Items]
Intangible assets, useful life (years)	14 years
Infostrada, SportsDirect, Covers, Enswers | Technologies
Business Acquisition [Line Items]
Intangible assets, useful life (years)	8 years
Infostrada, SportsDirect, Covers, Enswers | Trade Name and Trademarks
Business Acquisition [Line Items]
Intangible assets, useful life (years)	15 years
Infostrada, SportsDirect, Covers, Enswers | Non-competition Agreements
Business Acquisition [Line Items]
Intangible assets, useful life (years)	5 years

Acquisitions - Total Purchase P

Acquisitions - Total Purchase Price for Acquisitions (Details) - USD ($) $ in Thousands	1 Months Ended	6 Months Ended
	May 31, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Business Acquisition [Line Items]
Payments to acquire businesses, net of cash acquired		$ 0	$ 69,974
Goodwill		$ 3,562,586		$ 3,561,812
Infostrada, SportsDirect, Covers, Enswers
Business Acquisition [Line Items]
Cash consideration	$ 71,768
Cash acquired	(1,919)
Payments to acquire businesses, net of cash acquired	69,849
Restricted cash and cash equivalents	404
Accounts receivable and other current assets	2,481
Property and equipment	805
Deferred tax assets	3,816
Other long term assets	157
Accounts payable and other current liabilities	(1,507)
Deferred revenue	(339)
Deferred tax liabilities	(10,097)
Other liabilities	(477)
Total identifiable net assets	39,343
Goodwill	30,506
Total net assets acquired	$ 69,849
Intangible assets, useful life (years)	12 years
Infostrada, SportsDirect, Covers, Enswers | Customer Relationships
Business Acquisition [Line Items]
Intangible assets subject to amortization	$ 17,000
Intangible assets, useful life (years)	11 years
Infostrada, SportsDirect, Covers, Enswers | Content Databases
Business Acquisition [Line Items]
Intangible assets subject to amortization	$ 13,900
Intangible assets, useful life (years)	14 years
Infostrada, SportsDirect, Covers, Enswers | Technologies
Business Acquisition [Line Items]
Intangible assets subject to amortization	$ 6,900
Intangible assets, useful life (years)	8 years
Infostrada, SportsDirect, Covers, Enswers | Trade Name and Trademarks
Business Acquisition [Line Items]
Intangible assets subject to amortization	$ 5,200
Intangible assets, useful life (years)	15 years
Infostrada, SportsDirect, Covers, Enswers | Non-competition Agreements
Business Acquisition [Line Items]
Intangible assets subject to amortization	$ 1,100
Intangible assets, useful life (years)	5 years
Infostrada, SportsDirect, Covers, Enswers | Minimum | Customer Relationships
Business Acquisition [Line Items]
Intangible assets, useful life (years)	6 years
Infostrada, SportsDirect, Covers, Enswers | Minimum | Content Databases
Business Acquisition [Line Items]
Intangible assets, useful life (years)	10 years
Infostrada, SportsDirect, Covers, Enswers | Minimum | Technologies
Business Acquisition [Line Items]
Intangible assets, useful life (years)	4 years
Infostrada, SportsDirect, Covers, Enswers | Maximum | Customer Relationships
Business Acquisition [Line Items]
Intangible assets, useful life (years)	16 years
Infostrada, SportsDirect, Covers, Enswers | Maximum | Content Databases
Business Acquisition [Line Items]
Intangible assets, useful life (years)	16 years
Infostrada, SportsDirect, Covers, Enswers | Maximum | Technologies
Business Acquisition [Line Items]
Intangible assets, useful life (years)	10 years

Assets Held For Sale and Sale46

Assets Held For Sale and Sales of Real Estate (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Assets Held-for-sale, Not Part of Disposal Group [Abstract]
Assets held for sale	$ 295,542	$ 206,422	[1]
[1]	(1) December 31, 2015 balances have been reclassified to present debt issuance costs as a direct deduction from the carrying amount of an associated debt liability in accordance with ASU 2015-03. See Note 1 for further information.

Assets Held For Sale and Sale47

Assets Held For Sale and Sales of Real Estate Narrative (Details) $ in Thousands	Jul. 14, 2016USD ($)	Jul. 12, 2016USD ($)property	Jul. 07, 2016USD ($)	Jun. 02, 2016USD ($)	May 02, 2016USD ($)	Jun. 30, 2016USD ($)property	Mar. 31, 2016USD ($)	Jun. 30, 2016USD ($)property	Jun. 30, 2015USD ($)property	Dec. 31, 2015USD ($)
Long Lived Assets Held-for-sale [Line Items]
Number of real estate properties held for sale (property) | property						15		15
Assets held for sale						$ 295,542		$ 295,542		$ 206,422	[1]
Impairment charges						7,000	$ 8,000
Proceeds from sale of real estate									$ 5,000
Gain (Loss) on sale of real estate						(449)		(449)	$ (97)
Number of real estate properties sold (property) | property									2
Marquee Properties
Long Lived Assets Held-for-sale [Line Items]
Assets held for sale						206,000		206,000		$ 206,000
Allentown Property
Long Lived Assets Held-for-sale [Line Items]
Proceeds from sale of real estate				$ 8,000
Deerfield Beach Property
Long Lived Assets Held-for-sale [Line Items]
Proceeds from sale of real estate					$ 24,000
Subsequent Event | Seattle Property
Long Lived Assets Held-for-sale [Line Items]
Proceeds from sale of real estate			$ 19,000
Gain (Loss) on sale of real estate			$ 8,000
Subsequent Event | Orlando Sentinel Property
Long Lived Assets Held-for-sale [Line Items]
Proceeds from sale of real estate		$ 34,000
Gain (Loss) on sale of real estate		$ 2,000
Number of real estate properties sold (property) | property		2
Subsequent Event | Arlington Heights Property
Long Lived Assets Held-for-sale [Line Items]
Proceeds from sale of real estate	$ 400
Real Estate
Long Lived Assets Held-for-sale [Line Items]
Net book value of properties						$ 11,000		$ 11,000
[1]	(1) December 31, 2015 balances have been reclassified to present debt issuance costs as a direct deduction from the carrying amount of an associated debt liability in accordance with ASU 2015-03. See Note 1 for further information.

Goodwill, Other Intangible As48

Goodwill, Other Intangible Assets And Liabilities - (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Indefinite-lived Intangible Assets [Line Items]
Other intangible assets not subject to amortization	$ 797,400	$ 797,400
Total other intangible assets, net (excluding goodwill)	2,141,638	2,240,199
Goodwill	3,562,586	3,561,812
Total goodwill and other intangible assets	5,704,224	5,802,011
Finite-Lived Intangible Assets [Line Items]
Intangible assets subject to amortization, gross	1,897,585	1,898,427
Intangible assets, accumulated amortization	(553,347)	(455,628)
Intangible assets subject to amortization, net	1,344,238	1,442,799
Television and Entertainment
Indefinite-lived Intangible Assets [Line Items]
Other intangible assets not subject to amortization	797,400	797,400
Goodwill	3,220,300	3,220,300
Total goodwill and other intangible assets	5,119,352
Finite-Lived Intangible Assets [Line Items]
Intangible assets subject to amortization, net	1,101,652	1,185,215
Digital and Data
Indefinite-lived Intangible Assets [Line Items]
Other intangible assets not subject to amortization	0	0
Goodwill	342,286	341,512
Total goodwill and other intangible assets	584,872
Finite-Lived Intangible Assets [Line Items]
Intangible assets subject to amortization, net	242,586	257,584
FCC Licenses
Indefinite-lived Intangible Assets [Line Items]
Other intangible assets not subject to amortization	782,600	782,600
Trade Names
Indefinite-lived Intangible Assets [Line Items]
Other intangible assets not subject to amortization	14,800	14,800
Affiliate Relationships
Finite-Lived Intangible Assets [Line Items]
Intangible assets subject to amortization, gross	212,000	212,000
Intangible assets, accumulated amortization	(46,375)	(39,750)
Intangible assets subject to amortization, net	$ 165,625	172,250
Affiliate Relationships | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful life (years)	16 years
Affiliate Relationships | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful life (years)	16 years
Advertiser relationships
Finite-Lived Intangible Assets [Line Items]
Intangible assets subject to amortization, gross	$ 168,000	168,000
Intangible assets, accumulated amortization	(73,500)	(63,000)
Intangible assets subject to amortization, net	$ 94,500	105,000
Advertiser relationships | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful life (years)	8 years
Advertiser relationships | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful life (years)	8 years
Network Affiliation Agreements
Finite-Lived Intangible Assets [Line Items]
Intangible assets subject to amortization, gross	$ 362,000	362,000
Intangible assets, accumulated amortization	(112,919)	(92,113)
Intangible assets subject to amortization, net	$ 249,081	269,887
Network Affiliation Agreements | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful life (years)	5 years
Network Affiliation Agreements | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful life (years)	16 years
Retransmission Consent Agreements
Finite-Lived Intangible Assets [Line Items]
Intangible assets subject to amortization, gross	$ 830,100	830,100
Intangible assets, accumulated amortization	(241,975)	(196,955)
Intangible assets subject to amortization, net	$ 588,125	633,145
Retransmission Consent Agreements | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful life (years)	7 years
Retransmission Consent Agreements | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful life (years)	12 years
Other customer relationships
Finite-Lived Intangible Assets [Line Items]
Intangible assets subject to amortization, gross	$ 115,146	114,827
Intangible assets, accumulated amortization	(28,937)	(23,315)
Intangible assets subject to amortization, net	$ 86,209	91,512
Other customer relationships | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful life (years)	3 years
Other customer relationships | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful life (years)	16 years
Content databases
Finite-Lived Intangible Assets [Line Items]
Intangible assets subject to amortization, gross	$ 134,613	134,299
Intangible assets, accumulated amortization	(28,948)	(23,623)
Intangible assets subject to amortization, net	$ 105,665	110,676
Content databases | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful life (years)	5 years
Content databases | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful life (years)	16 years
Technology-Based Intangible Assets
Finite-Lived Intangible Assets [Line Items]
Intangible assets subject to amortization, gross	$ 46,964	47,011
Intangible assets, accumulated amortization	(12,987)	(9,733)
Intangible assets subject to amortization, net	$ 33,977	37,278
Technology-Based Intangible Assets | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful life (years)	4 years
Technology-Based Intangible Assets | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful life (years)	10 years
Trademarks and Trade Names
Finite-Lived Intangible Assets [Line Items]
Intangible assets subject to amortization, gross	$ 14,151	13,853
Intangible assets, accumulated amortization	(2,213)	(1,625)
Intangible assets subject to amortization, net	$ 11,938	12,228
Trademarks and Trade Names | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful life (years)	3 years
Trademarks and Trade Names | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful life (years)	15 years
Other Intangible Assets
Finite-Lived Intangible Assets [Line Items]
Intangible assets subject to amortization, gross	$ 14,611	16,337
Intangible assets, accumulated amortization	(5,493)	(5,514)
Intangible assets subject to amortization, net	$ 9,118	$ 10,823
Other Intangible Assets | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful life (years)	3 years
Other Intangible Assets | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful life (years)	11 years

Goodwill, Other Intangible As49

Goodwill, Other Intangible Assets And Liabilities - Changes in carrying amounts of intangible assets (Details) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2016	Dec. 31, 2015
Finite-lived Intangible Assets [Roll Forward]
Intangible assets subject to amortization, balance at December 31, 2015		$ 1,442,799
Amortization of intangible assets	[1]	(99,423)
Intangible assets subject to amortization, foreign currency translation adjustment		862
Intangible assets subject to amortization, balance at March 31, 2016		1,344,238
Indefinite-lived Intangible Assets [Roll Forward]
Other intangible assets not subject to amortization		797,400	$ 797,400
Goodwill [Roll Forward]
Goodwill gross balance as of December 31, 2015			3,942,812
Goodwill, accumulated impairment losses as of December 31, 2015			(381,000)
Goodwill, balance at December 31, 2015		3,561,812
Goodwill, foreign currency translation adjustment		774
Goodwill, balance at June 30, 2016		3,562,586
Total goodwill and other intangible assets		5,704,224	5,802,011
Lease Contract Intangible Assets
Finite-lived Intangible Assets [Roll Forward]
Amortization of intangible assets		(1,000)
Television and Entertainment
Finite-lived Intangible Assets [Roll Forward]
Intangible assets subject to amortization, balance at December 31, 2015		1,185,215
Amortization of intangible assets	[1]	(83,563)
Intangible assets subject to amortization, foreign currency translation adjustment		0
Intangible assets subject to amortization, balance at March 31, 2016		1,101,652
Indefinite-lived Intangible Assets [Roll Forward]
Other intangible assets not subject to amortization		797,400	797,400
Goodwill [Roll Forward]
Goodwill gross balance as of December 31, 2015			3,601,300
Goodwill, accumulated impairment losses as of December 31, 2015			(381,000)
Goodwill, balance at December 31, 2015		3,220,300
Goodwill, foreign currency translation adjustment		0
Goodwill, balance at June 30, 2016		3,220,300
Total goodwill and other intangible assets		5,119,352
Digital and Data
Finite-lived Intangible Assets [Roll Forward]
Intangible assets subject to amortization, balance at December 31, 2015		257,584
Amortization of intangible assets	[1]	(15,860)
Intangible assets subject to amortization, foreign currency translation adjustment		862
Intangible assets subject to amortization, balance at March 31, 2016		242,586
Indefinite-lived Intangible Assets [Roll Forward]
Other intangible assets not subject to amortization		0	0
Goodwill [Roll Forward]
Goodwill gross balance as of December 31, 2015			341,512
Goodwill, accumulated impairment losses as of December 31, 2015			$ 0
Goodwill, balance at December 31, 2015		341,512
Goodwill, foreign currency translation adjustment		774
Goodwill, balance at June 30, 2016		342,286
Total goodwill and other intangible assets		$ 584,872
[1]	Amortization of intangible assets includes $1 million related to lease contract intangible assets and is recorded in SG&A in the Company’s unaudited Condensed Consolidated Statements of Operations.

Goodwill, Other Intangible As50

Goodwill, Other Intangible Assets And Liabilities - Intangible liabilities subject to amortization (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Schedule of Finite-Lived Intangible Liabilities [Line Items]
Gross Amount	$ 80,649	$ 80,649
Accumulated Amortization	(75,549)	(66,877)
Net Amount	5,100	13,772
Broadcast rights intangible liabilities
Schedule of Finite-Lived Intangible Liabilities [Line Items]
Gross Amount	80,440	80,440
Accumulated Amortization	(75,377)	(66,729)
Net Amount	5,063	13,711
Lease contract intangible liabilities
Schedule of Finite-Lived Intangible Liabilities [Line Items]
Gross Amount	209	209
Accumulated Amortization	(172)	(148)
Net Amount	$ 37	$ 61

Goodwill, Other Intangible As51

Goodwill, Other Intangible Assets And Liabilities - Changes in carrying amounts of intangible liabilities (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)
Finite-Lived Intangible Liabilities [Roll Forward]
Balance as of December 31, 2015	$ 13,772
Balance as of June 30, 2016	5,100
Television and Entertainment
Finite-Lived Intangible Liabilities [Roll Forward]
Balance as of December 31, 2015	13,772
Amortization	(8,672)
Balance as of June 30, 2016	$ 5,100

Goodwill, Other Intangible As52

Goodwill, Other Intangible Assets And Liabilities - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015	Dec. 27, 2013	Dec. 31, 2012
Schedule of Finite-Lived Intangible Liabilities [Line Items]
Unfavorable broadcast rights contracts	$ 80,649	$ 80,649
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract]
Amortization expense relating to amortizable intangible assets, excluding lease contract intangible assets, remainder of 2016	99,000
Amortization expense relating to amortizable intangible assets, excluding lease contract intangible assets, 2017	198,000
Amortization expense relating to amortizable intangible assets, excluding lease contract intangible assets, 2018	197,000
Amortization expense relating to amortizable intangible assets, excluding lease contract intangible assets, 2019	169,000
Amortization expense relating to amortizable intangible assets, excluding lease contract intangible assets, 2020	161,000
Amortization expense relating to amortizable intangible assets, excluding lease contract intangible assets, 2021	127,000
Amortization of broadcast rights contract intangible assets and liabilities, remainder of 2016	(3,000)
Amortization of broadcast rights contract intangible assets and liabilities, 2017	(1,000)
Amortization of broadcast rights contract intangible assets and liabilities, 2018	(1,000)
Amortization of broadcast rights contract intangible assets and liabilities, 2019	(38)
Amortization of broadcast rights contract intangible assets and liabilities, 2020	(177)
Amortization of broadcast rights contract intangible assets and liabilities, 2021	(58)
Local TV Acquisition
Schedule of Finite-Lived Intangible Liabilities [Line Items]
Intangible liabilities related to contracts for broadcast rights programming, Local TV Acquisition			$ 9,000
Fresh-Start Adjustments
Schedule of Finite-Lived Intangible Liabilities [Line Items]
Unfavorable contract intangible liability				$ 227,000
Broadcast rights intangible liabilities
Schedule of Finite-Lived Intangible Liabilities [Line Items]
Unfavorable broadcast rights contracts	$ 80,440	$ 80,440
Broadcast rights intangible liabilities | Fresh-Start Adjustments
Schedule of Finite-Lived Intangible Liabilities [Line Items]
Unfavorable broadcast rights contracts				$ 226,000

Investments Total Investments (

Investments Total Investments (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Investments [Abstract]
Equity method investments	$ 1,622,546	$ 1,668,316
Cost method investments	24,247	20,868
Marketable equity securities	6,161	3,516
Total investments	$ 1,652,954	$ 1,692,700

Investments Equity Method Inves

Investments Equity Method Investments (Details) - USD ($) $ in Thousands	Apr. 02, 2015	Oct. 01, 2014	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015	Dec. 31, 2012
Schedule of Equity Method Investments [Line Items]
Equity method investments			$ 1,622,546		$ 1,622,546		$ 1,668,316
Income on equity investments, net			$ 44,306	$ 45,913	82,558	$ 82,847
Distributions from equity investments					$ 125,604	129,148
Fresh-Start Adjustments
Schedule of Equity Method Investments [Line Items]
Fresh start adjustment								$ 1,615,000
Investments postconfirmation								2,224,000
Carrying value of equity investees' amortizable intangible assets								1,108,000
Carry value of equity investees' goodwill and intangible assets								$ 507,000
Television Food Network, G.P.
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage			31.00%		31.00%
Equity method investments			$ 1,259,000		$ 1,259,000		1,314,000
Income on equity investments, net			37,000	36,000	71,000	66,000
Distributions from equity investments			$ 36,000	34,000	$ 126,000	129,000
CareerBuilder, LLC
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage			32.00%		32.00%
Equity method investments			$ 342,000		$ 342,000		331,000
Income on equity investments, net			$ 8,000	$ 10,000	$ 14,000	$ 18,000
Dose Media, LLC
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage			25.00%		25.00%
Equity method investments			$ 13,000		$ 13,000		$ 15,000
Classified Ventures LLC
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage		27.80%
Proceeds from sale of equity method investments	$ 8,000	$ 686,000
Proceeds from sale of equity method investments, net of tax		426,000
Sales proceeds held in escrow		$ 28,000

Investments Equity Method Inv55

Investments Equity Method Investments Table (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Investments [Abstract]
Income from equity investments, net, before amortization of basis difference	$ 57,950	$ 59,475	$ 109,873	$ 109,971
Amortization of basis difference	(13,644)	(13,562)	(27,315)	(27,124)
Income from equity investments, net	44,306	45,913	82,558	82,847
Cash distributions from equity investments	$ 36,258	$ 34,242	$ 125,604	$ 129,148

Investments TV Food Network (De

Investments TV Food Network (Details) - Television Food Network, G.P. - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Schedule of Equity Method Investments [Line Items]
Revenues, net	$ 298,275	$ 278,410	$ 575,451	$ 539,633
Operating income	188,381	151,728	370,377	282,026
Net income	$ 157,213	$ 155,770	$ 305,530	$ 289,925

Investments Career Builder (Det

Investments Career Builder (Details) - CareerBuilder, LLC - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Schedule of Equity Method Investments [Line Items]
Revenues, net	$ 180,748	$ 176,034	$ 351,906	$ 351,188
Operating income	29,598	33,614	48,927	63,940
Net income	$ 28,842	$ 33,063	$ 49,154	$ 61,414

Investments Marketable Equity S

Investments Marketable Equity Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015	Aug. 04, 2014
Schedule of Equity Method Investments [Line Items]
Marketable equity securities	$ 6,161	$ 3,516
tronc
Schedule of Equity Method Investments [Line Items]
tronc common stock retained, shares			381,354
Ownership percentage in common stock			1.50%
Marketable equity securities	5,000
Investment in tronc, cost basis	0	$ 0
Gross unrealized holding gain	$ 5,000

Investments Cost Method Investm

Investments Cost Method Investments (Details) - USD ($) $ in Millions	Sep. 02, 2015	Jun. 30, 2016	Oct. 27, 2009	Jul. 29, 2008
New Cubs LLC
Line of Credit Facility [Line Items]
Ownership percentage in common stock			5.00%
Deferred tax liability		$ 163
New Cubs LLC | Payment Guarantee
Line of Credit Facility [Line Items]
Guarantor maximum exposure			$ 699
Newsday LLC
Line of Credit Facility [Line Items]
Ownership percentage in common stock	3.00%			3.00%
Proceeds from sale of cost method investment	$ 8
Gain on sale of cost method investment	3
Deferred tax liability	$ 101

Investments Variable Interests

Investments Variable Interests (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Topix LLC | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Maximum loss exposure amount	$ 4	$ 4

Debt - Long-term Debt (Details)

Debt - Long-term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015		Jun. 24, 2015	Jun. 23, 2015	Dec. 27, 2013
Debt Instrument [Line Items]
Total debt, net of discounts	$ 3,420,010	$ 3,429,351	[1]
Debt due within one year	19,904	19,862	[1]
Long-term debt, net of current portion	3,400,106	3,409,489	[1],[2]
Senior Notes | 5.875% Senior Notes due 2022
Debt Instrument [Line Items]
Total debt, net of discounts	$ 1,083,108	$ 1,082,534	[1]
Stated interest rate	5.875%	5.875%		5.875%
Debt issuance costs	$ 16,892	$ 17,466
Term Loan Facility | Senior Secured Credit Agreement
Debt Instrument [Line Items]
Total debt, net of discounts	$ 2,320,137	$ 2,328,092	[1]		$ 3,479,000
Effective interest rate	3.82%	3.82%
Debt instrument, unamortized discount and debt issuance costs	$ 35,207	$ 39,147
Debt issuance costs	29,000	32,000		$ 64,000		$ 6,000
Secured Debt | Dreamcatcher Credit Facility Due 2018
Debt Instrument [Line Items]
Total debt, net of discounts	$ 16,765	$ 18,725	[1]
Effective interest rate	4.08%	4.08%
Debt instrument, unamortized discount and debt issuance costs	$ 110	$ 175
[1]	(1) December 31, 2015 balances have been reclassified to present debt issuance costs as a direct deduction from the carrying amount of an associated debt liability in accordance with ASU 2015-03. See Note 1 for further information.
[2]	(1) December 31, 2015 balances have been reclassified to present debt issuance costs as a direct deduction from the carrying amount of an associated debt liability in accordance with ASU 2015-03.

Debt - Narrative (Details)

Debt - Narrative (Details)	Jun. 24, 2015USD ($)	Aug. 04, 2014USD ($)	Mar. 31, 2014	Dec. 27, 2013USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Dec. 29, 2013USD ($)	Dec. 31, 2015USD ($)		Jun. 23, 2015USD ($)
Debt Instrument [Line Items]
Long-term debt					$ 3,420,010,000		$ 3,420,010,000			$ 3,429,351,000	[1]
Cash dividends received		$ 275,000,000
Repayment of outstanding borrowings							13,920,000	$ 1,100,342,000
Debt discount paid							784,000	20,207,000
Loss on extinguishment of debt					0	$ 37,040,000	0	$ 37,040,000
Senior Secured Credit Agreement
Debt Instrument [Line Items]
Debt instrument, face amount				$ 4,073,000,000
Potential incremental facility, borrowing capacity				$ 1,000,000,000
Debt covenant, leverage ratio, maximum				4.5000
Standby letters of credit outstanding					23,000,000		23,000,000			23,000,000
Senior Secured Credit Agreement | Term Loan Facility
Debt Instrument [Line Items]
Debt instrument, face amount				$ 3,773,000,000
Long-term debt					2,320,137,000		2,320,137,000			2,328,092,000	[1]	$ 3,479,000,000
Quarterly installments, percent of principal due			0.25%
Repayment of outstanding borrowings		$ 275,000,000
Debt discount, percent				25.00%
Discount issued	$ 8,000,000			$ 9,000,000
Debt discount paid									$ 78,000,000
Debt issuance costs	64,000,000			$ 6,000,000	29,000,000		29,000,000			32,000,000
Loss on extinguishment of debt						30,000,000
Write-off of unamortized discount						4,000,000
Other debt extinguishment costs paid						4,000,000
Senior Secured Credit Agreement | Term Loan Facility | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Base rate floor				1.00%
Basis spread on variable rate				3.00%
Senior Secured Credit Agreement | Term Loan Facility | Federal Funds Effective Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate				0.50%
Senior Secured Credit Agreement | Term Loan Facility | Adjusted LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate				1.00%
Senior Secured Credit Agreement | Term Loan Facility | Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate				2.00%
Senior Secured Credit Agreement | Revolving Credit Facility
Debt Instrument [Line Items]
Borrowing capacity under senior secured credit facility				$ 300,000,000
Additional interest, percent				2.00%
Leverage ratio, not to exceed				5.25000
Percent of revolving commitments outstanding to require testing, percent				25.00%
Revolving credit facility borrowings outstanding					0		0			0
Senior Secured Credit Agreement | Revolving Credit Facility | Debt Instument, Fee Percentage, Amount One
Debt Instrument [Line Items]
Commitment fee, percent				0.25%
Senior Secured Credit Agreement | Revolving Credit Facility | Debt Instument, Fee Percentage, Amount Two
Debt Instrument [Line Items]
Commitment fee, percent				0.375%
Senior Secured Credit Agreement | Revolving Credit Facility | Debt Instument, Fee Percentage, Amount Three
Debt Instrument [Line Items]
Commitment fee, percent				0.50%
Senior Secured Credit Agreement | Revolving Credit Facility | Adjusted LIBOR | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate				2.75%
Senior Secured Credit Agreement | Revolving Credit Facility | Adjusted LIBOR | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate				3.00%
Senior Secured Credit Agreement | Revolving Credit Facility | Alternative Base Rate | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate				1.75%
Senior Secured Credit Agreement | Revolving Credit Facility | Alternative Base Rate | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate				2.00%
Senior Secured Credit Agreement | Letter of Credit
Debt Instrument [Line Items]
Fronting fee per annum, percent				0.125%
Amended Secured Credit Facility
Debt Instrument [Line Items]
Discount issued	4,000,000
Debt discount paid	6,000,000
Debt transaction costs	2,000,000
Debt issuance costs, gross	1,000,000
Amended Secured Credit Facility | Term B Loans
Debt Instrument [Line Items]
Long-term debt	2,379,000,000
Proceeds from issuance of debt	1,802,000,000
Prepayment of debt	$ 1,100,000,000
Additional interest, percent	2.00%
Quarterly installments, percent of principal due	0.25%
Premium payable on voluntary prepayments, percent	1.00%
Debt instrument payment terms, percent of excess cash flow, leverage ratio above threshold	50.00%
Debt instrument payment terms, percent of excess cash flow, leverage ratio threshold	4
Debt instrument payment terms, percent of excess cash flow, leverage ratio below threshold	0.00%
Minimum liquidity threshold	$ 500,000,000
Amended Secured Credit Facility | Term B Loans | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Base rate floor	0.75%
Basis spread on variable rate	3.00%
Amended Secured Credit Facility | Term B Loans | Federal Funds Effective Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate	0.50%
Amended Secured Credit Facility | Term B Loans | Adjusted LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	1.00%
Amended Secured Credit Facility | Term B Loans | Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate	2.00%
5.875% Senior Notes due 2022 | Senior Notes
Debt Instrument [Line Items]
Debt instrument, face amount	$ 1,100,000,000
Long-term debt					1,083,108,000		1,083,108,000			1,082,534,000	[1]
Debt discount paid						$ 19,000,000	1,000,000
Debt issuance costs					$ 16,892,000		$ 16,892,000			$ 17,466,000
Stated interest rate	5.875%				5.875%		5.875%			5.875%
Redemption price terms prior to July 15, 2018, percent of principal amount	100.00%
Redemption price terms July 15, 2018 to July 15, 2019, percent of principal amount	102.938%
Redemption price terms, July 15, 2019 to July 15, 2020, percent of principal amount	101.469%
Redemption price terms on or after July 15, 2020, percent of principal amount	100.00%
Redemption terms prior to July 15, 2018, percent of principal amount redeemable	40.00%
Redemption terms prior to July 15, 2018, price percent	105.875%
Potential repurchase offer price, percent of principal amount	101.00%
Potential purchase offer price, percent of principal amount	100.00%
Dreamcatcher Credit Facility Due 2018 | Secured Debt
Debt Instrument [Line Items]
Debt instrument, face amount				$ 27,000,000
Long-term debt					$ 16,765,000		$ 16,765,000			$ 18,725,000	[1]
[1]	(1) December 31, 2015 balances have been reclassified to present debt issuance costs as a direct deduction from the carrying amount of an associated debt liability in accordance with ASU 2015-03. See Note 1 for further information.

Fair Value Measurements (Detail

Fair Value Measurements (Details) - tronc - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	$ 5	$ 4
Investment in tronc, cost basis	$ 0	$ 0

Fair Value Measurements Estimat

Fair Value Measurements Estimated Fair Values and Carrying Amounts (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cost method investments	$ 24,247	$ 20,868
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cost method investments	24,247	20,868	[1]
Term Loan Facility | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long term debt	2,346,511	2,328,038
Term Loan Facility | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long term debt	2,320,137	2,328,092	[1]
Senior Notes | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long term debt	1,100,000	1,108,250
Senior Notes | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long term debt	1,083,108	1,082,534	[1]
Dreamcatcher Credit Facility | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long term debt	16,812	18,587
Dreamcatcher Credit Facility | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long term debt	$ 16,765	$ 18,725	[1]
[1]	(1) December 31, 2015 balances have been reclassified to present debt issuance costs as a direct deduction from the carrying amount of an associated debt liability in accordance with ASU 2015-03. See Note 1 for further information.

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Thousands

Dec. 08, 2008subsidiary

Feb. 29, 2012USD ($)

Jun. 30, 2016USD ($)

Jun. 30, 2015USD ($)

Jun. 30, 2016USD ($)

Jun. 30, 2015USD ($)

Dec. 29, 2012claim

Aug. 09, 2016television_stationradio_station

Jul. 31, 2016claim

May 11, 2016case

Dec. 31, 2015USD ($)

Aug. 04, 2014shares

Dec. 31, 2012USD ($)

Jul. 23, 2012

Loss Contingencies [Line Items]

Number of direct and indirect wholly-owned subsidiaries included in bankruptcy filing | subsidiary

110

Number of proofs of claim settled or satisfied pursuant to the terms of the plan | case

104

Amount of cash transferred to restricted accounts | $

$ 187,000

Restricted cash and cash equivalents | $

$ 17,579

$ 17,579

$ 17,595

Number of complaints filed | claim

7,400

Reorganization Items | $

$ 366

$ 628

$ 800

$ 1,620

FCC regulation, television and radio broadcast station license terms

8 years

FCC regulation, television station ownership cap

39.00%

39.00%

The UHF discount

50.00%

50.00%

FCC regulation, television station ownership cap, national reach percent

39.00%

39.00%

FCC regulation, maximum reimbursement amount for required product modifications | $

$ 1,750,000

Subsequent Event

Loss Contingencies [Line Items]

Number of proofs of claim settled or satisfied pursuant to the terms of the plan | claim

3,755

Number of proofs of claim withdrawn, expunged or satisfied | claim

3,295

Number of proofs of claim subject to further evaluation and adjustments | claim

403

FCC regulation, number of television stations authorized | television_station

39

FCC regulation, number of radio stations authorized | radio_station

1

tronc

Loss Contingencies [Line Items]

tronc common stock retained, shares | shares

381,354

Ownership percentage in common stock

1.50%

Predecessor | Debentures at 6.61% due 2027 | Debentures

Loss Contingencies [Line Items]

Stated interest rate

6.61%

Predecessor | Debentures at 7.25% due 2096 | Debentures

Loss Contingencies [Line Items]

Stated interest rate

7.25%

Predecessor | Notes at 4.875% due 2010 | Notes Payable

Loss Contingencies [Line Items]

Stated interest rate

4.875%

Predecessor | Notes at 5.25% due 2015 | Notes Payable

Loss Contingencies [Line Items]

Stated interest rate

5.25%

Predecessor | Debentures at 7.25% due 2013 | Debentures

Loss Contingencies [Line Items]

Stated interest rate

7.25%

Predecessor | Debentures at 7.5% due 2023 | Debentures

Loss Contingencies [Line Items]

Stated interest rate

7.50%

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Tax Contingency [Line Items]
Income tax expense (benefit)	$ 209,902	$ (693)	$ 222,508	$ 21,609
U.S federal statutory rate, percent			35.00%	35.00%
Benefit related to certain income tax matters	2,000
Write-off of unrealized deferred tax asset			$ 4,000
Newsday LLC
Income Tax Contingency [Line Items]
Adjustment to uncertain tax position	102,000
Adjustment to deferred taxes	$ 91,000

Income Taxes - Newsday and Chic

Income Taxes - Newsday and Chicago Cubs Transactions (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2016	Dec. 31, 2015	Sep. 02, 2015	Oct. 27, 2009	Jul. 29, 2008
Income Tax Contingency [Line Items]
Income tax reserves	$ 125,400	$ 125,400	$ 0
Newsday LLC
Income Tax Contingency [Line Items]
Ownership percentage in common stock by third party						97.00%
Ownership percentage in common stock				3.00%		3.00%
Reduction in deferred income tax liabilities	23,000
Income taxes paid			$ 136,000
Deferred tax liability				$ 101,000
Income tax reserves	125,000	125,000
Newsday LLC | Tax Year 2008
Income Tax Contingency [Line Items]
Estimated federal income taxes before interest and penalties		190,000
IRS, accuracy-related penalty		38,000
IRS, accuracy-related interest		47,000
Newsday LLC | Tax Year 2008 | State and Local Jurisdiction
Income Tax Contingency [Line Items]
Estimated state income taxes before interest and penalties		22,000
New Cubs LLC
Income Tax Contingency [Line Items]
Ownership percentage in common stock by third party					95.00%
Ownership percentage in common stock					5.00%
Income taxes paid		36,000
Deferred tax liability	$ 163,000	163,000
IRS proposed tax		182,000
IRS proposed gross valuation misstatement penalty		73,000
After-tax interest on proposed tax and penalty		35,000
New Cubs LLC | Tax Year 2009
Income Tax Contingency [Line Items]
Estimated federal income taxes before interest and penalties		$ 225,000

Income Taxes - Other (Details)

Income Taxes - Other (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Income Tax Contingency [Line Items]
Income tax reserves	$ 125,400	$ 0
Liability for unrecognized tax benefits	156,000	$ 34,000
Decrease in unrecognized tax benefits is reasonably possible	136,000
Newsday LLC
Income Tax Contingency [Line Items]
Income tax reserves	$ 125,000

Pension And Other Retirement 69

Pension And Other Retirement Plans Net Periodic Benefit Cost For Pension Benefit Plan (Details) - Pension Plan - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 177	$ 198	$ 346	$ 354
Interest cost	20,611	20,531	41,362	40,908
Expected return on plans’ assets	(26,895)	(28,009)	(53,808)	(55,845)
Amortization of prior service costs	45	0	45	0
Net periodic benefit credit	$ (6,062)	$ (7,280)	$ (12,055)	$ (14,583)

Pension And Other Retirement 70

Pension And Other Retirement Plans Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)
Scenario, Forecast | Other Post Retirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Contributions by employer	$ 1

Capital Stock (Details)

Capital Stock (Details)	Aug. 03, 2016$ / shares	Apr. 28, 2015$ / sharesshares	Apr. 09, 2015USD ($)$ / shares	Mar. 05, 2015$ / shares	Dec. 31, 2012$ / sharesshares	Jun. 30, 2016USD ($)$ / sharesshares	Mar. 31, 2016USD ($)$ / sharesshares	Jun. 30, 2015USD ($)$ / sharesshares	Mar. 29, 2015USD ($)$ / shares	Jun. 30, 2016USD ($)$ / sharesshares	Jun. 30, 2015USD ($)$ / sharesshares	Dec. 31, 2015USD ($)$ / sharesshares	Feb. 24, 2016USD ($)	Oct. 13, 2014USD ($)
Class of Stock [Line Items]
Treasury stock (shares)						9,415,191				9,415,191		7,670,216
Preferred stock authorized (shares)						40,000,000				40,000,000		40,000,000
Preferred stock par value (usd per share) | $ / shares						$ 0.001				$ 0.001		$ 0.001
Shares authorized (shares) | $														$ 400,000,000
Treasury stock acquired (shares)						1,473,364	341,548					6,569,056
Common stock repurchases | $						$ 56,000,000	$ 13,000,000			$ 69,238,000		$ 332,000,000
Share price (usd per share) | $ / shares						$ 38.35	$ 37.30					$ 50.59
Treasury stock acquired not yet settled (shares)						69,719	100,089					125,566
Treasury stock acquired, not yet settled | $						$ 3,000,000	$ 4,000,000					$ 8,000,000
Treasury stock acquired life to date (shares)												7,670,216
Remaining authorized repurchase amount | $						331,000,000				331,000,000
Cash dividends | $						$ 22,959,000	$ 23,215,000	$ 24,100,000	$ 0	$ 46,174,000	$ 24,100,000
Special Cash Dividend
Class of Stock [Line Items]
Dividends declared per common share (usd per share) | $ / shares				$ 6.73		$ 0		$ 0		$ 0	$ 6.73
Common stock dividends (usd per share) | $ / shares			$ 6.73
Cash dividends | $			$ 649,000,000
Regular Cash Dividend
Class of Stock [Line Items]
Dividends declared per common share (usd per share) | $ / shares						$ 0.25	$ 0.25	$ 0.25	$ 0	$ 0.50	$ 0.25
Regular Cash Dividend | Subsequent Event
Class of Stock [Line Items]
Dividends declared per common share (usd per share) | $ / shares	$ 0.25
Warrant
Class of Stock [Line Items]
Warrants issued (shares)					16,789,972	159,243				159,243
Warrant, exercise price, per share (usd per share) | $ / shares					$ 0.001
Class A Common Stock
Class of Stock [Line Items]
Number of shares of common stock issued (shares)					78,754,269	100,378,256				100,378,256		100,015,546
Common stock, par value (usd per share) | $ / shares					$ 0.001	$ 0.001				$ 0.001		$ 0.001
Common stock, conversion ratio					1
Number of new shares issued from conversion (shares)								2,355,286			2,401,409
Number of shares called by each warrant (shares)					1
Number of warrants exercised (shares)						31,958		1,273,345		132,066	1,694,988
Number of shares received						31,958		1,273,338		132,066	1,694,981
Common stock, authorized (shares)						1,000,000,000				1,000,000,000		1,000,000,000
Shares sold (shares)		9,240,073
Shares issued (usd per share) | $ / shares		$ 56
Shares authorized (shares) | $													$ 400,000,000
Class B Common Stock
Class of Stock [Line Items]
Number of shares of common stock issued (shares)					4,455,767	5,605				5,605		5,605
Common stock, par value (usd per share) | $ / shares					$ 0.001	$ 0.001				$ 0.001		$ 0.001
Common stock, conversion ratio					1
Number of shares converted (shares)						0		2,355,286			2,401,409
Number of shares called by each warrant (shares)					1
Number of warrants exercised (shares)										0	0
Common stock, authorized (shares)						1,000,000,000				1,000,000,000		1,000,000,000
Preferred Stock
Class of Stock [Line Items]
Preferred stock authorized (shares)						40,000,000				40,000,000

Capital Stock Dividends Declare

Capital Stock Dividends Declared (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Jun. 30, 2015	Mar. 29, 2015	Jun. 30, 2016	Jun. 30, 2015
Class of Stock [Line Items]
Total Amount	$ 22,959	$ 23,215	$ 24,100	$ 0	$ 46,174	$ 24,100
Regular Cash Dividend
Class of Stock [Line Items]
Per Share (usd per share)	$ 0.25	$ 0.25	$ 0.25	$ 0	$ 0.50	$ 0.25

Stock-Based Compensation Narrat

Stock-Based Compensation Narrative (Details) $ / shares in Units, $ in Millions	Mar. 01, 2013shares	Jun. 30, 2016USD ($)$ / sharesshares	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)$ / sharesshares		Jun. 30, 2015USD ($)	May 05, 2016shares	May 04, 2016shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense | $		$ 10	$ 9	$ 18		$ 17
NSO
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights, percent				25.00%
Maximum contractual term, NSO award				10 years
RSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights, percent				25.00%
Granted (shares)				790,027
PSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (shares)		214,416		295,390	[1]
Consecutive trading days				10
Stock price incremental increase (usd per share)		2		2
PSU | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock price (usd per share) | $ / shares		$ 44		$ 44
PSU | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock price (usd per share) | $ / shares		$ 64		$ 64
Three Year Performance Period | PSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period, award (years)				3 years
2016 Incentive Compensation Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for issuance under Equity Incentive Plan (shares)							5,100,000
Number of shares available for grant under Equity Incentive Plan (shares)		4,609,314		4,609,314
2016 Directors Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for issuance under Equity Incentive Plan (shares)							200,000
Number of shares available for grant under Equity Incentive Plan (shares)		200,000		200,000
2013 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for issuance under Equity Incentive Plan (shares)	5,263,000
Number of shares available for grant under Equity Incentive Plan (shares)								616,332
Stock awarded pursuant to Equity Incentive Plan limitations, percent	5.00%
[1]	Represents shares of PSUs for which performance targets have been established and which are deemed granted under U.S. GAAP. Includes 214,416 Supplemental PSUs with an average fair value of $16.13 which was determined using a Monte Carlo simulation model, as further described above.

Stock-Based Compensation Non-Qu

Stock-Based Compensation Non-Qualified Stock Options Activity (Details) - NSO	6 Months Ended
	Jun. 30, 2016$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding, shares, beginning of period (shares) | shares	1,374,456
Granted (shares) | shares	1,241,354
Forfeitures (shares) | shares	(172,789)
Cancellations (shares) | shares	(20,648)
Outstanding, shares, end of period (shares) | shares	2,422,373
Vested and exercisable, shares end of period (shares) | shares	605,762
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Outstanding, beginning of period, weighted average exercise price (usd per share) | $ / shares	$ 60.62
Granted, weighted average exercise price (usd per share) | $ / shares	29.22
Forfeitures, weighted average exercise price (usd per share) | $ / shares	40.20
Cancellations, weighted average exercise price (usd per share) | $ / shares	61.32
Outstanding, end of period, weighted average exercise price (usd per share) | $ / shares	45.98
Vested and exercisable, weighted average exercise price, end of period (usd per share) | $ / shares	$ 61.01

Stock-Based Compensation Restri

Stock-Based Compensation Restricted Stock Units Activity (Details)	6 Months Ended
	Jun. 30, 2016$ / sharesshares
RSU
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding, shares, beginning of period (shares)	839,789
Granted (shares)	790,027
Vested (shares)	(295,625)
Forfeited (shares)	(79,282)
Outstanding and nonvested, shares, end of period (shares)	1,265,257	[1]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Outstanding, weighted average fair value, beginning of period (usd per share) | $ / shares	$ 58.39
Granted, weighted average fair value (usd per share) | $ / shares	29.60
Vested, weighted average fair value (usd per share) | $ / shares	58.64
Forfeited, weighted average fair value (usd per share) | $ / shares	43.46
Outstanding and nonvested, weighted average fair value, end of period (usd per share) | $ / shares	$ 41.13	[1]
RSU | Foreign Employees
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding and nonvested, shares, end of period (shares)	19,954
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Vesting period, award (years)	4 years
RSU Dividend Equivalent Unit (DEU)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Granted (shares)	17,153
Dividend equivalent units vested (shares)	(5,415)
Dividend equivalent units forfeited (shares)	(1,390)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Granted, weighted average fair value (usd per share) | $ / shares	$ 37.68
Dividend equivalent units vested, weighted average fair value (usd per share) | $ / shares	41.51
Dividend equivalent units forfeited, weighted average fair value (usd per share) | $ / shares	$ 39.20
[1]	Includes 19,954 RSUs which were granted to foreign employees and which the Company expects to settle in cash. The fair value of these RSUs at June 30, 2016 was not material. These RSUs generally vest over a four year period.

Stock-Based Compensation Unrest

Stock-Based Compensation Unrestricted Stock Awards Activity (Details) - Unrestricted Stock	6 Months Ended
	Jun. 30, 2016$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding, shares, beginning of period (shares) | shares	0
Granted (shares) | shares	16,898
Vested (shares) | shares	(16,898)
Outstanding and nonvested, shares, end of period (shares) | shares	0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Outstanding, weighted average fair value, beginning of period (usd per share) | $ / shares	$ 0
Granted, weighted average fair value (usd per share) | $ / shares	33.73
Vested, weighted average fair value (usd per share) | $ / shares	33.73
Outstanding and nonvested, weighted average fair value, end of period (usd per share) | $ / shares	$ 0

Stock-Based Compensation Perfor

Stock-Based Compensation Performance Share Units Activity (Details) - $ / shares		3 Months Ended	6 Months Ended
		Jun. 30, 2016	Jun. 30, 2016
PSU
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding, shares, beginning of period (shares)			106,964
Granted (shares)		214,416	295,390	[1]
Vested (shares)			(55,720)
Forfeited (shares)			(8,096)
Outstanding and nonvested, shares, end of period (shares)		340,908	340,908
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Outstanding, weighted average fair value, beginning of period (usd per share)			$ 65.50
Granted, weighted average fair value (usd per share)	[1]		21.26
Vested, weighted average fair value (usd per share)			65.06
Forfeited, weighted average fair value (usd per share)			49.85
Outstanding and nonvested, weighted average fair value, end of period (usd per share)		$ 27.57	$ 27.57
PSU Dividend Equivalent Unit (DEU)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Granted (shares)			3,578
Dividend equivalent units vested (shares)			(1,009)
Dividend equivalent units forfeited (shares)			(199)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Granted, weighted average fair value (usd per share)			$ 38.93
Dividend equivalent units vested, weighted average fair value (usd per share)			41.64
Dividend equivalent units forfeited, weighted average fair value (usd per share)			$ 39.79
Supplemental Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Granted (shares)			214,416
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Granted, weighted average fair value (usd per share)	[1]		$ 16.13
[1]	Represents shares of PSUs for which performance targets have been established and which are deemed granted under U.S. GAAP. Includes 214,416 Supplemental PSUs with an average fair value of $16.13 which was determined using a Monte Carlo simulation model, as further described above.

Stock-Based Compensation Costs

Stock-Based Compensation Costs Not Yet Recognized (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Nonvested awards, unrecognized compensation cost	$ 73,845
Nonvested awards, weighted average remaining recognition period	2 years 9 months 18 days

Earnings Per Share Narrative (D

Earnings Per Share Narrative (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dividend equivalent units outstanding (shares)			30,151
Warrants outstanding (shares)	167,671	1,024,705	212,989	1,450,390
Stock Compensation Plan
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from diluted EPS calculation	2,160,479	1,940,343	2,098,608	1,382,273

Earnings Per Share Calculation

Earnings Per Share Calculation of Basic and Diluted EPS (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Earnings Per Share [Abstract]
Net (loss) income, as reported	$ (161,563)	$ (3,265)	$ (150,470)	$ 33,152
Less: Dividends distributed to Warrants	40	172	88	172
Less: Undistributed earnings allocated to Warrants	0	0	0	497
Net (loss) income attributable to common shareholders for basic EPS	(161,603)	(3,437)	(150,558)	32,483
Add: Undistributed earnings allocated to dilutive securities	0	0	0	1
Net (loss) income attributable to common shareholders for diluted EPS	$ (161,603)	$ (3,437)	$ (150,558)	$ 32,484
Weighted average shares outstanding - basic (shares)	91,676	95,337	92,083	95,374
Impact of dilutive securities (shares)	0	0	0	191
Weighted average shares outstanding - diluted (shares)	91,676	95,337	92,083	95,565
Basic (usd per share)	$ (1.76)	$ (0.04)	$ (1.64)	$ 0.34
Diluted (usd per share)	$ (1.76)	$ (0.04)	$ (1.64)	$ 0.34

Accumulated Other Comprehensi81

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at December 31, 2015			$ (71,016)
Other comprehensive (loss) income	$ 811	$ (3,063)	4,448	$ (9,398)
Balance at June 30, 2016	(66,568)		(66,568)
Unrecognized Benefit Plan Gains and Losses
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at December 31, 2015			(57,391)
Other comprehensive (loss) income			3,583
Balance at June 30, 2016	(53,808)		(53,808)
Foreign Currency Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at December 31, 2015			(15,764)
Other comprehensive (loss) income			(133)
Balance at June 30, 2016	(15,897)		(15,897)
Unrealized Holding Gain on Marketable Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at December 31, 2015			2,139
Other comprehensive (loss) income			998
Balance at June 30, 2016	$ 3,137		$ 3,137

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015		Jun. 23, 2015
Related Party Transaction [Line Items]
Long-term debt	$ 3,420,010	$ 3,429,351	[1]
Equity Funds | Principal Owner
Related Party Transaction [Line Items]
Investment in loan fund limited partnership, fair value		30,000
Senior Secured Credit Agreement | Term Loan Facility
Related Party Transaction [Line Items]
Long-term debt	2,320,137	2,328,092	[1]	$ 3,479,000
Senior Secured Credit Agreement | Term Loan Facility | Principal Owner
Related Party Transaction [Line Items]
Long-term debt	$ 32,000	$ 38,000
[1]	(1) December 31, 2015 balances have been reclassified to present debt issuance costs as a direct deduction from the carrying amount of an associated debt liability in accordance with ASU 2015-03. See Note 1 for further information.

Business Segments (Details)

Business Segments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015	[1]
Segment Reporting Information [Line Items]
Operating Revenues	$ 526,113	$ 501,524	$ 1,046,628	$ 974,261
Operating profit (loss)	46,140	19,784	73,356	80,719
Depreciation	17,519	17,966	34,857	35,020
Amortization	49,421	48,437	98,799	96,208
Capital expenditures	17,583	22,418	35,431	38,717
Total Assets	9,466,668		9,466,668		$ 9,708,863
Assets held for sale	295,542		295,542		206,422
Operating Segments | Television and Entertainment
Segment Reporting Information [Line Items]
Operating Revenues	467,149	445,622	921,846	855,922
Operating profit (loss)	83,588	47,088	142,333	126,436
Depreciation	11,106	12,023	22,122	23,446
Amortization	41,476	41,475	82,951	82,985
Capital expenditures	6,603	5,026	13,436	14,276
Total Assets	7,445,574		7,445,574		7,748,010
Operating Segments | Digital and Data
Segment Reporting Information [Line Items]
Operating Revenues	47,334	43,625	100,587	93,827
Operating profit (loss)	(10,298)	(4,150)	(13,210)	(416)
Depreciation	3,054	2,321	5,951	4,426
Amortization	7,945	6,962	15,848	13,223
Capital expenditures	6,046	7,917	10,969	10,522
Total Assets	699,564		699,564		725,151
Corporate and Other
Segment Reporting Information [Line Items]
Operating Revenues	11,630	12,277	24,195	24,512
Operating profit (loss)	(27,150)	(23,154)	(55,767)	(45,301)
Depreciation	3,359	3,622	6,784	7,148
Capital expenditures	4,934	$ 9,475	11,026	$ 13,919
Total Assets	$ 1,025,988		$ 1,025,988		$ 1,029,280
[1]	(1) December 31, 2015 balances have been reclassified to present debt issuance costs as a direct deduction from the carrying amount of an associated debt liability in accordance with ASU 2015-03. See Note 1 for further information.

Condensed Consolidating Finan84

Condensed Consolidating Financial Information Statements of Operations and Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Condensed Statement of Income Captions [Line Items]
Operating Revenues	$ 526,113	$ 501,524	$ 1,046,628	$ 974,261
Programming and direct operating expenses	238,001	250,215	476,244	446,719
Selling, general and administrative	175,032	165,122	363,372	315,595
Depreciation and amortization	66,940	66,403	133,656	131,228
Total operating expenses	479,973	481,740	973,272	893,542
Operating (Loss) Profit	46,140	19,784	73,356	80,719
(Loss) income on equity investments, net	44,306	45,913	82,558	82,847
Interest and dividend income	241	43	386	410
Interest expense	(41,907)	(40,374)	(83,883)	(79,586)
Loss on extinguishment of debt	0	(37,040)	0	(37,040)
Gain on investment transaction	0	8,133	0	8,820
Other non-operating items	(441)	(417)	(379)	(1,409)
Intercompany interest income (expense)	0	0	0	0
Intercompany income (charges)	0	0	0	0
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	(48,339)	3,958	(72,038)	(54,761)
Income tax expense	209,902	(693)	222,508	21,609
Equity (deficit) in earnings of consolidated subsidiaries, net of taxes	0	0	0	0
Net (Loss) Income	(161,563)	(3,265)	(150,470)	33,152
Comprehensive (Loss) Income	(160,752)	(6,328)	(146,022)	23,754
Eliminations
Condensed Statement of Income Captions [Line Items]
Operating Revenues	(4,383)	(5,083)	(8,790)	(10,721)
Programming and direct operating expenses	(3,191)	(4,200)	(6,189)	(6,611)
Selling, general and administrative	(1,192)	(883)	(2,601)	(4,110)
Depreciation and amortization	0	0	0	0
Total operating expenses	(4,383)	(5,083)	(8,790)	(10,721)
Operating (Loss) Profit	0	0	0	0
(Loss) income on equity investments, net	0	0	0	0
Interest and dividend income	0	0	0	0
Interest expense	0	0	0	0
Loss on extinguishment of debt		0		0
Gain on investment transaction		0		0
Other non-operating items	0	0	0	0
Intercompany interest income (expense)	0	0	0	0
Intercompany income (charges)	0	0	0	0
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	0	0	0	0
Income tax expense	0	0	0	0
Equity (deficit) in earnings of consolidated subsidiaries, net of taxes	60,411	(44,168)	20,264	(102,606)
Net (Loss) Income	60,411	(44,168)	20,264	(102,606)
Comprehensive (Loss) Income	64,585	(45,031)	20,397	(98,078)
Parent (Tribune Media Company) | Reportable Legal Entities
Condensed Statement of Income Captions [Line Items]
Operating Revenues	0	0	0	0
Programming and direct operating expenses	0	0	0	0
Selling, general and administrative	23,990	25,249	49,419	49,189
Depreciation and amortization	2,768	1,299	5,337	2,468
Total operating expenses	26,758	26,548	54,756	51,657
Operating (Loss) Profit	(26,758)	(26,548)	(54,756)	(51,657)
(Loss) income on equity investments, net	(678)	0	(1,398)	0
Interest and dividend income	217	0	308	300
Interest expense	(41,688)	(40,102)	(83,402)	(79,025)
Loss on extinguishment of debt		(37,040)		(37,040)
Gain on investment transaction		1		688
Other non-operating items	(441)	(417)	(379)	(1,343)
Intercompany interest income (expense)	440	439	878	878
Intercompany income (charges)	23,760	25,065	47,522	50,130
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	45,148	78,602	91,227	117,069
Income tax expense	57,745	(29,782)	39,785	(44,904)
Equity (deficit) in earnings of consolidated subsidiaries, net of taxes	(58,670)	45,555	(19,458)	105,317
Net (Loss) Income	(161,563)	(3,265)	(150,470)	33,152
Comprehensive (Loss) Income	(160,752)	(6,328)	(146,022)	23,754
Guarantor Subsidiaries | Reportable Legal Entities
Condensed Statement of Income Captions [Line Items]
Operating Revenues	515,819	493,937	1,024,264	957,478
Programming and direct operating expenses	234,776	248,967	470,642	438,655
Selling, general and administrative	144,809	133,482	302,063	258,204
Depreciation and amortization	59,094	60,496	118,245	120,288
Total operating expenses	438,679	442,945	890,950	817,147
Operating (Loss) Profit	77,140	50,992	133,314	140,331
(Loss) income on equity investments, net	44,984	45,913	83,956	82,847
Interest and dividend income	12	25	53	51
Interest expense	0	0	0	(5)
Loss on extinguishment of debt		0		0
Gain on investment transaction		8,132		8,132
Other non-operating items	0	0	0	(66)
Intercompany interest income (expense)	(440)	(439)	(878)	(878)
Intercompany income (charges)	(23,704)	(24,976)	(47,410)	(49,952)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	(97,992)	(79,647)	(169,035)	(180,460)
Income tax expense	47,813	30,125	79,156	70,017
Equity (deficit) in earnings of consolidated subsidiaries, net of taxes	(1,741)	(1,387)	(806)	(2,711)
Net (Loss) Income	48,438	48,135	89,073	107,732
Comprehensive (Loss) Income	46,636	49,268	87,375	107,000
Non-Guarantor Subsidiaries | Reportable Legal Entities
Condensed Statement of Income Captions [Line Items]
Operating Revenues	14,677	12,670	31,154	27,504
Programming and direct operating expenses	6,416	5,448	11,791	14,675
Selling, general and administrative	7,425	7,274	14,491	12,312
Depreciation and amortization	5,078	4,608	10,074	8,472
Total operating expenses	18,919	17,330	36,356	35,459
Operating (Loss) Profit	(4,242)	(4,660)	(5,202)	(7,955)
(Loss) income on equity investments, net	0	0	0	0
Interest and dividend income	12	18	25	59
Interest expense	(219)	(272)	(481)	(556)
Loss on extinguishment of debt		0		0
Gain on investment transaction		0		0
Other non-operating items	0	0	0	0
Intercompany interest income (expense)	0	0	0	0
Intercompany income (charges)	(56)	(89)	(112)	(178)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	4,505	5,003	5,770	8,630
Income tax expense	104,344	(1,036)	103,567	(3,504)
Equity (deficit) in earnings of consolidated subsidiaries, net of taxes	0	0	0	0
Net (Loss) Income	(108,849)	(3,967)	(109,337)	(5,126)
Comprehensive (Loss) Income	$ (111,221)	$ (4,237)	$ (107,772)	$ (8,922)

Condensed Consolidating Finan85

Condensed Consolidating Financial Information Balance Sheets (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015		Jun. 30, 2015	Dec. 28, 2014
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	$ 366,640	$ 262,644		$ 403,511	$ 1,455,183
Restricted cash and cash equivalents	17,579	17,595
Accounts receivable, net	447,964	466,628
Broadcast rights	140,278	160,240
Income taxes receivable	21,985	42,838
Prepaid expenses	35,489	63,337
Other	9,383	8,663
Total current assets	1,039,318	1,021,945
Property, Plant and Equipment, Gross	698,019	818,658
Accumulated depreciation	(182,996)	(160,801)
Net properties	515,023	657,857
Investments in subsidiaries	0	0
Broadcast rights	163,289	203,422
Goodwill	3,562,586	3,561,812
Other intangible assets, net	2,141,638	2,240,199
Assets held for sale	295,542	206,422	[1]
Investments	1,652,954	1,692,700
Intercompany receivables	0	0
Intercompany loan receivable	0	0
Other assets	96,318	124,506	[2]
Total other assets	7,912,327	8,029,061
Total Assets	9,466,668	9,708,863	[1]
Accounts payable	61,603	60,394
Debt due within one year	19,904	19,862	[2]
Income taxes payable	8,711	3,458
Income tax reserves	125,400	0
Contracts payable for broadcast rights	193,851	236,676
Deferred revenue	39,297	44,721
Interest payable	30,057	33,828
Other	114,403	141,861
Total current liabilities	593,226	540,800
Long-term debt	3,400,106	3,409,489	[2],[3]
Intercompany loan payable	0	0
Deferred income taxes	1,043,818	984,032
Contracts payable for broadcast rights	318,575	385,107
Contract intangible liability, net	5,100	13,772
Intercompany payables	0	0
Other	521,913	543,941
Total non-current liabilities	5,289,512	5,336,341
Total Liabilities	5,882,738	5,877,141
Common Stock	157	100
Treasury stock	(469,380)	(400,153)
Additional paid-in-capital	4,586,905	4,619,618
Retained earnings (deficit)	(472,821)	(322,351)
Accumulated other comprehensive (loss) income	(66,568)	(71,016)
Total Tribune Media Company shareholders’ equity (deficit)	3,578,293	3,826,198
Noncontrolling interest	5,637	5,524
Total shareholders’ equity	3,583,930	3,831,722
Total Liabilities and Shareholders’ Equity	9,466,668	9,708,863
Eliminations
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	0	0		0	0
Restricted cash and cash equivalents	0	0
Accounts receivable, net	0	0
Broadcast rights	0	0
Income taxes receivable	0	0
Prepaid expenses	0	0
Other	0	0
Total current assets	0	0
Property, Plant and Equipment, Gross	0	0
Accumulated depreciation	0	0
Net properties	0	0
Investments in subsidiaries	(10,399,992)	(10,479,353)
Broadcast rights	0	0
Goodwill	0	0
Other intangible assets, net	0	0
Assets held for sale	0	0
Investments	0	0
Intercompany receivables	(7,138,331)	(6,158,611)
Intercompany loan receivable	(27,000)	(27,000)
Other assets	(104,289)	(187,302)	[2]
Total other assets	(7,269,620)	(6,372,913)
Total Assets	(17,669,612)	(16,852,266)
Accounts payable	0	0
Debt due within one year	0	0	[2]
Income taxes payable	0	0
Income tax reserves	0
Contracts payable for broadcast rights	0	0
Deferred revenue	0	0
Interest payable	0	0
Other	0	0
Total current liabilities	0	0
Long-term debt	0	0	[2]
Intercompany loan payable	(27,000)	(27,000)
Deferred income taxes	(104,289)	(187,302)
Contracts payable for broadcast rights	0	0
Contract intangible liability, net	0	0
Intercompany payables	(7,138,331)	(6,158,611)
Other	0	0
Total non-current liabilities	(7,269,620)	(6,372,913)
Total Liabilities	(7,269,620)	(6,372,913)
Common Stock	0	0
Treasury stock	0	0
Additional paid-in-capital	(9,775,997)	(9,817,885)
Retained earnings (deficit)	(641,011)	(678,351)
Accumulated other comprehensive (loss) income	17,016	16,883
Total Tribune Media Company shareholders’ equity (deficit)	(10,399,992)	(10,479,353)
Noncontrolling interest	0	0
Total shareholders’ equity	(10,399,992)	(10,479,353)
Total Liabilities and Shareholders’ Equity	(17,669,612)	(16,852,266)
Parent (Tribune Media Company) | Reportable Legal Entities
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	345,111	235,508		389,729	1,433,388
Restricted cash and cash equivalents	17,579	17,595
Accounts receivable, net	289	672
Broadcast rights	0	0
Income taxes receivable	0	0
Prepaid expenses	14,279	16,747
Other	5,851	4,494
Total current assets	383,109	275,016
Property, Plant and Equipment, Gross	52,968	47,909
Accumulated depreciation	(15,944)	(10,607)
Net properties	37,024	37,302
Investments in subsidiaries	10,296,365	10,374,921
Broadcast rights	0	0
Goodwill	0	0
Other intangible assets, net	0	0
Assets held for sale	0	0
Investments	19,474	18,276
Intercompany receivables	1,917,846	1,560,781
Intercompany loan receivable	27,000	27,000
Other assets	106,343	189,517	[2]
Total other assets	2,070,663	1,795,574
Total Assets	12,787,161	12,482,813
Accounts payable	31,531	29,587
Debt due within one year	15,909	15,874	[2]
Income taxes payable	0	0
Income tax reserves	0
Contracts payable for broadcast rights	0	0
Deferred revenue	0	0
Interest payable	30,055	33,826
Other	39,002	44,615
Total current liabilities	116,497	123,902
Long-term debt	3,387,336	3,394,753	[2]
Intercompany loan payable	0	0
Deferred income taxes	0	0
Contracts payable for broadcast rights	0	0
Contract intangible liability, net	0	0
Intercompany payables	5,237,502	4,652,289
Other	467,533	485,671
Total non-current liabilities	9,092,371	8,532,713
Total Liabilities	9,208,868	8,656,615
Common Stock	157	100
Treasury stock	(469,380)	(400,153)
Additional paid-in-capital	4,586,905	4,619,618
Retained earnings (deficit)	(472,821)	(322,351)
Accumulated other comprehensive (loss) income	(66,568)	(71,016)
Total Tribune Media Company shareholders’ equity (deficit)	3,578,293	3,826,198
Noncontrolling interest	0	0
Total shareholders’ equity	3,578,293	3,826,198
Total Liabilities and Shareholders’ Equity	12,787,161	12,482,813
Guarantor Subsidiaries | Reportable Legal Entities
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	9,959	13,054		3,870	12,204
Restricted cash and cash equivalents	0	0
Accounts receivable, net	436,121	452,722
Broadcast rights	139,444	157,538
Income taxes receivable	21,824	42,816
Prepaid expenses	16,483	44,817
Other	3,033	3,818
Total current assets	626,864	714,765
Property, Plant and Equipment, Gross	534,158	662,094
Accumulated depreciation	(160,268)	(144,089)
Net properties	373,890	518,005
Investments in subsidiaries	103,627	104,432
Broadcast rights	163,271	203,376
Goodwill	3,508,718	3,508,718
Other intangible assets, net	2,000,420	2,091,010
Assets held for sale	295,542	206,422
Investments	1,615,585	1,659,029
Intercompany receivables	4,764,886	4,265,957
Intercompany loan receivable	0	0
Other assets	88,410	117,124	[2]
Total other assets	12,436,832	12,051,636
Total Assets	13,541,213	13,388,838
Accounts payable	26,648	24,153
Debt due within one year	0	0	[2]
Income taxes payable	7,617	2,700
Income tax reserves	0
Contracts payable for broadcast rights	192,780	233,660
Deferred revenue	35,336	39,654
Interest payable	0	0
Other	67,751	91,384
Total current liabilities	330,132	391,551
Long-term debt	0	0	[2]
Intercompany loan payable	27,000	27,000
Deferred income taxes	995,568	994,083
Contracts payable for broadcast rights	318,555	385,052
Contract intangible liability, net	5,100	13,772
Intercompany payables	1,661,323	1,397,981
Other	52,507	55,779
Total non-current liabilities	3,060,053	2,873,667
Total Liabilities	3,390,185	3,265,218
Common Stock	0	0
Treasury stock	0	0
Additional paid-in-capital	9,486,179	9,529,071
Retained earnings (deficit)	672,851	600,853
Accumulated other comprehensive (loss) income	(8,002)	(6,304)
Total Tribune Media Company shareholders’ equity (deficit)	10,151,028	10,123,620
Noncontrolling interest	0	0
Total shareholders’ equity	10,151,028	10,123,620
Total Liabilities and Shareholders’ Equity	13,541,213	13,388,838
Non-Guarantor Subsidiaries | Reportable Legal Entities
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	11,570	14,082		$ 9,912	$ 9,591
Restricted cash and cash equivalents	0	0
Accounts receivable, net	11,554	13,234
Broadcast rights	834	2,702
Income taxes receivable	161	22
Prepaid expenses	4,727	1,773
Other	499	351
Total current assets	29,345	32,164
Property, Plant and Equipment, Gross	110,893	108,655
Accumulated depreciation	(6,784)	(6,105)
Net properties	104,109	102,550
Investments in subsidiaries	0	0
Broadcast rights	18	46
Goodwill	53,868	53,094
Other intangible assets, net	141,218	149,189
Assets held for sale	0	0
Investments	17,895	15,395
Intercompany receivables	455,599	331,873
Intercompany loan receivable	0	0
Other assets	5,854	5,167	[2]
Total other assets	674,452	554,764
Total Assets	807,906	689,478
Accounts payable	3,424	6,654
Debt due within one year	3,995	3,988	[2]
Income taxes payable	1,094	758
Income tax reserves	125,400
Contracts payable for broadcast rights	1,071	3,016
Deferred revenue	3,961	5,067
Interest payable	2	2
Other	7,650	5,862
Total current liabilities	146,597	25,347
Long-term debt	12,770	14,736	[2]
Intercompany loan payable	0	0
Deferred income taxes	152,539	177,251
Contracts payable for broadcast rights	20	55
Contract intangible liability, net	0	0
Intercompany payables	239,506	108,341
Other	1,873	2,491
Total non-current liabilities	406,708	302,874
Total Liabilities	553,305	328,221
Common Stock	0	0
Treasury stock	0	0
Additional paid-in-capital	289,818	288,814
Retained earnings (deficit)	(31,840)	77,498
Accumulated other comprehensive (loss) income	(9,014)	(10,579)
Total Tribune Media Company shareholders’ equity (deficit)	248,964	355,733
Noncontrolling interest	5,637	5,524
Total shareholders’ equity	254,601	361,257
Total Liabilities and Shareholders’ Equity	$ 807,906	$ 689,478
[1]	(1) December 31, 2015 balances have been reclassified to present debt issuance costs as a direct deduction from the carrying amount of an associated debt liability in accordance with ASU 2015-03. See Note 1 for further information.
[2]	(1) December 31, 2015 balances have been reclassified to present debt issuance costs as a direct deduction from the carrying amount of an associated debt liability in accordance with ASU 2015-03.
[3]	(1) December 31, 2015 balances have been reclassified to present debt issuance costs as a direct deduction from the carrying amount of an associated debt liability in accordance with ASU 2015-03. See Note 1 for further information.

Condensed Consolidating Finan86

Condensed Consolidating Financial Information Statement of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016		Jun. 30, 2015	Dec. 31, 2015	Dec. 28, 2014
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used in) provided by operating activities			$ 241,319		$ (76,378)
Capital expenditures	$ (17,583)	$ (22,418)	(35,431)		(38,717)
Acquisitions, net of cash acquired			0		(69,974)
Transfers from restricted cash			297		0
Investments			(3,451)		(2,911)
Intercompany dividend			0
Proceeds from sales of real estate and other assets			33,702		13,750
Net cash (used in) provided by investing activities			(4,883)		(97,852)
Long-term borrowings			0		1,100,000
Repayments of long‑term debt			(13,920)		(1,100,342)
Long-term debt issuance costs			(784)		(20,207)
Payments of dividends			(46,174)		(672,744)
Settlement of contingent consideration			(750)		0
Common stock repurchases			(66,548)		(181,276)
Change in excess tax benefits from stock-based awards			0		(532)
Tax withholdings related to net share settlements of share-based awards			(4,377)		(3,831)
Proceeds from stock option exercises			0		166
Contribution from noncontrolling interest			113		1,324
Intercompany dividend			0
Change in intercompany receivables and payables			0	[1]	0
Net cash used in financing activities			(132,440)		(877,442)
Net Increase (Decrease) in Cash and Cash Equivalents			103,996		(1,051,672)
Cash and cash equivalents	366,640	403,511	366,640		403,511	$ 262,644	$ 1,455,183
Non-cash settlement of intercompany balances			56,000
Eliminations
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used in) provided by operating activities			0		0
Capital expenditures			0		0
Acquisitions, net of cash acquired					0
Transfers from restricted cash			0
Investments			0		0
Intercompany dividend			(3,326)
Proceeds from sales of real estate and other assets			0		0
Net cash (used in) provided by investing activities			(3,326)		0
Long-term borrowings					0
Repayments of long‑term debt			0		0
Long-term debt issuance costs			0		0
Payments of dividends			0		0
Settlement of contingent consideration			0
Common stock repurchases			0		0
Change in excess tax benefits from stock-based awards					0
Tax withholdings related to net share settlements of share-based awards			0		0
Proceeds from stock option exercises					0
Contribution from noncontrolling interest			0		0
Intercompany dividend			3,326
Change in intercompany receivables and payables			0	[1]	0
Net cash used in financing activities			3,326		0
Net Increase (Decrease) in Cash and Cash Equivalents			0		0
Cash and cash equivalents	0	0	0		0	0	0
Parent (Tribune Media Company) | Reportable Legal Entities
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used in) provided by operating activities			(39,775)		(29,465)
Capital expenditures			(7,094)		(13,935)
Acquisitions, net of cash acquired					0
Transfers from restricted cash			0
Investments			(850)		0
Intercompany dividend			3,326
Proceeds from sales of real estate and other assets			0		0
Net cash (used in) provided by investing activities			(4,618)		(13,935)
Long-term borrowings					1,100,000
Repayments of long‑term debt			(11,896)		(1,097,250)
Long-term debt issuance costs			(784)		(20,207)
Payments of dividends			(46,174)		(672,744)
Settlement of contingent consideration			0
Common stock repurchases			(66,548)		(181,276)
Change in excess tax benefits from stock-based awards					(532)
Tax withholdings related to net share settlements of share-based awards			(4,377)		(3,831)
Proceeds from stock option exercises					166
Contribution from noncontrolling interest			0		0
Intercompany dividend			0
Change in intercompany receivables and payables			283,775	[1]	(124,585)
Net cash used in financing activities			153,996		(1,000,259)
Net Increase (Decrease) in Cash and Cash Equivalents			109,603		(1,043,659)
Cash and cash equivalents	345,111	389,729	345,111		389,729	235,508	1,433,388
Guarantor Subsidiaries | Reportable Legal Entities
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used in) provided by operating activities			283,808		(31,963)
Capital expenditures			(24,830)		(23,129)
Acquisitions, net of cash acquired					(109)
Transfers from restricted cash			297
Investments			(101)		(411)
Intercompany dividend			0
Proceeds from sales of real estate and other assets			33,021		13,750
Net cash (used in) provided by investing activities			8,387		(9,899)
Long-term borrowings					0
Repayments of long‑term debt			0		(54)
Long-term debt issuance costs			0		0
Payments of dividends			0		0
Settlement of contingent consideration			(750)
Common stock repurchases			0		0
Change in excess tax benefits from stock-based awards					0
Tax withholdings related to net share settlements of share-based awards			0		0
Proceeds from stock option exercises					0
Contribution from noncontrolling interest			0		0
Intercompany dividend			(3,326)
Change in intercompany receivables and payables			(291,214)	[1]	33,582
Net cash used in financing activities			(295,290)		33,528
Net Increase (Decrease) in Cash and Cash Equivalents			(3,095)		(8,334)
Cash and cash equivalents	9,959	3,870	9,959		3,870	13,054	12,204
Non-Guarantor Subsidiaries | Reportable Legal Entities
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used in) provided by operating activities			(2,714)		(14,950)
Capital expenditures			(3,507)		(1,653)
Acquisitions, net of cash acquired					(69,865)
Transfers from restricted cash			0
Investments			(2,500)		(2,500)
Intercompany dividend			0
Proceeds from sales of real estate and other assets			681		0
Net cash (used in) provided by investing activities			(5,326)		(74,018)
Long-term borrowings					0
Repayments of long‑term debt			(2,024)		(3,038)
Long-term debt issuance costs			0		0
Payments of dividends			0		0
Settlement of contingent consideration			0
Common stock repurchases			0		0
Change in excess tax benefits from stock-based awards					0
Tax withholdings related to net share settlements of share-based awards			0		0
Proceeds from stock option exercises					0
Contribution from noncontrolling interest			113		1,324
Intercompany dividend			0
Change in intercompany receivables and payables			7,439	[1]	91,003
Net cash used in financing activities			5,528		89,289
Net Increase (Decrease) in Cash and Cash Equivalents			(2,512)		321
Cash and cash equivalents	$ 11,570	$ 9,912	$ 11,570		$ 9,912	$ 14,082	$ 9,591
[1]	Excludes the impact of a $56 million non-cash settlement of intercompany balances upon dissolution of certain Guarantor subsidiaries.