Tribune Media 10-Q 10 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	3 Months Ended
	Mar. 31, 2017	Apr. 30, 2017
Entity Listings [Line Items]
Entity Registrant Name	Tribune Media Company
Entity Central Index Key	726,513
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
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	2,017
Document Fiscal Period Focus	Q1
Common Class A
Entity Listings [Line Items]
Entity Common Stock, Shares Outstanding		86,918,686
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
		Mar. 31, 2017	Mar. 31, 2016
Operating Revenues
Television and Entertainment		$ 436,033	$ 455,875
Other		3,877	12,597
Total operating revenues	[1]	439,910	468,472
Operating Expenses
Programming		141,246	124,167
Direct operating expenses		98,807	97,572
Selling, general and administrative		159,859	160,634
Depreciation	[2]	13,571	14,442
Amortization		41,659	41,665
Total operating expenses		455,142	438,480
Operating (Loss) Profit	[1],[3]	(15,232)	29,992
Income on equity investments, net		37,037	38,252
Interest and dividend income		505	132
Interest expense		(38,758)	(38,141)
Loss on extinguishment and modification of debt		(19,052)	0
Gain on investment transaction		4,950	0
Write-down of investment		(122,000)	0
Other non-operating (loss) gain, net		(26)	496
Reorganization items, net		(250)	(434)
(Loss) Income from Continuing Operations Before Income Taxes		(152,826)	30,297
Income tax (benefit) expense		(51,614)	15,195
(Loss) income from continuing operations		(101,212)	15,102
Income (Loss) from Discontinued Operations, net of taxes (Note 2)		15,618	(4,009)
Net (Loss) Income		$ (85,594)	$ 11,093
Earnings (Loss) Per Share
Continuing Operations		$ (1.17)	$ 0.16
Discontinued Operations		0.18	(0.04)
Net (Loss) Earnings Per Common Share		(0.99)	0.12
Continuing Operations		(1.17)	0.16
Discontinued Operations		0.18	(0.04)
Net (Loss) Earnings Per Common Share		(0.99)	0.12
Regular Cash Dividend
Earnings (Loss) Per Share
Dividends declared per common share (usd per share)		0.25	0.25
Special Cash Dividend
Earnings (Loss) Per Share
Dividends declared per common share (usd per share)		$ 5.77	$ 0
[1]	(1)See Note 2 for the disclosures of operating revenues and operating profit included in discontinued operations for the historical periods.
[2]	(3)Depreciation and amortization from discontinued operations totaled $3 million and $8 million, respectively, for the three months ended March 31, 2016.
[3]	(2)Operating profit (loss) for each segment excludes income and loss on equity investments, interest and dividend income, interest expense, non-operating items, reorganization costs and income taxes.

Condensed Consolidated Stateme3

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Net (Loss) Income	$ (85,594)	$ 11,093
Income (Loss) from Discontinued Operations, net of taxes	15,618	(4,009)
(Loss) income from continuing operations	(101,212)	15,102
Other Comprehensive (Loss) Income from Continuing Operations, net of taxes	7,643
Comprehensive (Loss) Income	(77,951)	14,730
Discontinued Operations
Comprehensive (Loss) Income	27,389	(801)
Continuing Operations
Adjustment for previously unrecognized benefit plan gains and losses included in net income, net of taxes of $(28) and $(37) for the three months ended March 31, 2017 and March 31, 2016, respectively	(44)	(58)
Change in unrealized holding gains and losses arising during the period, net of taxes of $(60) and $(224) for the three months ended March 31, 2017 and March 31, 2016, respectively	(94)	(348)
Adjustment for gain on investment sale included in net income, net of taxes of $(1,961)	(3,042)	0
Change in marketable securities, net of taxes	(3,136)	(348)
Unrealized gains and losses, net of taxes of $(1,346) for the three months ended March 31, 2017	(2,088)	0
Gains and losses reclassified to net income, net of taxes of $508 for the three months ended March 31, 2017	788	0
Change in unrecognized gains and losses on cash flow hedging instruments, net of taxes	(1,300)	0
Change in foreign currency translation adjustments, net of taxes of $101 and $66 for the three months ended March 31, 2017 and March 31, 2016, respectively	352	835
Other Comprehensive (Loss) Income from Continuing Operations, net of taxes	(4,128)	429
Comprehensive (Loss) Income	$ (105,340)	$ 15,531

Condensed Consolidated Stateme4

Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Statement of Comprehensive Income [Abstract]
Taxes on Adjustment for previously unrecognized benefit plan gains and losses included in net income	$ (28)	$ (37)
Taxes on Change in unrealized holding gains and losses arising during the period	(60)	(224)
Taxes on Adjusted for gain on investment sale included in net income	(1,961)	0
Taxes on Change in unrealized gains and losses on cash flow hedging instrument arising during the period	(1,346)	0
Taxes on gains and losses on cash flow hedging instrument reclassified to net income	508	0
Taxes on Change in foreign currency translation adjustments	$ 101	$ 66

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands		Mar. 31, 2017	Dec. 31, 2016
Current Assets
Cash and cash equivalents		$ 346,221	$ 577,658
Restricted cash and cash equivalents		17,566	17,566
Accounts receivable (net of allowances of $14,189 and $12,504)		384,567	429,112
Broadcast rights		137,181	157,817
Income taxes receivable		7,897	9,056
Current assets of discontinued operations		0	62,605
Prepaid expenses		32,084	35,862
Other		11,538	6,624
Total current assets		937,054	1,296,300
Properties
Property, plant and equipment		686,537	711,068
Accumulated depreciation		(198,125)	(187,148)
Net properties		488,412	523,920
Other Assets
Broadcast rights		148,832	153,457
Goodwill		3,228,047	3,227,930
Other intangible assets, net		1,777,360	1,819,134
Non-current assets of discontinued operations		0	608,153
Assets held for sale	[1]	16,356	17,176
Investments		1,473,510	1,674,883
Other		82,410	80,098
Total other assets		6,726,515	7,580,831
Total Assets (1)	[2]	8,151,981	9,401,051
Current Liabilities
Accounts payable		49,539	60,553
Debt due within one year (net of unamortized discounts and debt issuance costs of $3,789 and $7,917)		17,876	19,924
Income taxes payable		97,134	21,166
Employee compensation and benefits		51,905	77,123
Contracts payable for broadcast rights		220,024	241,255
Deferred revenue		12,030	13,690
Interest payable		13,873	30,305
Current liabilities of discontinued operations		0	54,284
Other		34,940	32,553
Total current liabilities		497,321	550,853
Non-Current Liabilities
Long-term debt (net of unamortized discounts and debt issuance costs of $39,224 and $38,830)		3,014,397	3,391,627
Deferred income taxes		861,490	984,248
Contracts payable for broadcast rights		292,264	314,840
Pension obligations, net		438,829	444,401
Postretirement, medical, life and other benefits		11,137	11,385
Other obligations		78,975	62,700
Non-current liabilities of discontinued operations		0	95,314
Total non-current liabilities		4,697,092	5,304,515
Total Liabilities (1)	[2]	5,194,413	5,855,368
Commitments and Contingent Liabilities
Shareholders’ Equity
Preferred stock		0	0
Common Stock		101	100
Treasury stock, at cost: 14,102,185 shares at March 31, 2017 and 14,102,453 shares at December 31, 2016		(632,194)	(632,207)
Additional paid-in-capital		4,051,836	4,561,760
Retained deficit		(393,953)	(308,105)
Accumulated other comprehensive loss		(74,139)	(81,782)
Total Tribune Media Company shareholders’ equity		2,951,651	3,539,766
Noncontrolling interest		5,917	5,917
Total shareholders’ equity		2,957,568	3,545,683
Total Liabilities and Shareholders’ Equity		8,151,981	9,401,051
Class A Common Stock
Shareholders’ Equity
Common Stock		101	100
Total shareholders’ equity		101	100
Class B Common Stock
Shareholders’ Equity
Common Stock		0	0
Total shareholders’ equity		$ 0	$ 0
[1]	(4)See Note 3 for information regarding real estate assets held for sale.
[2]	(1) The Company’s consolidated total assets as of March 31, 2017 and December 31, 2016 include total assets of variable interest entities (“VIEs”) of $94 million and $97 million, respectively, which can only be used to settle the obligations of the VIEs. The Company’s consolidated total liabilities as of March 31, 2017 and December 31, 2016 include total liabilities of the VIEs of $2 million and $3 million, respectively, for which the creditors of the VIEs have no recourse to the Company (see Note 1).

Condensed Consolidated Balance6

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands		Mar. 31, 2017	Dec. 31, 2016
Total Assets	[1]	$ 8,151,981	$ 9,401,051
Allowance for Doubtful Accounts		$ 14,189	$ 12,504
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)		14,102,185	14,102,453
Liabilities	[1]	$ 5,194,413	$ 5,855,368
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)		100,979,448	100,416,516
Common stock, outstanding (shares)		86,877,263	86,314,063
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		$ 28,000	$ 31,000
Current | Senior Secured Credit Agreement | Term Loan Facility
Unamortized discounts and debt issuance costs		3,789	7,917
Noncurrent | Senior Secured Credit Agreement | Term Loan Facility
Unamortized discounts and debt issuance costs		39,224	38,830
Variable Interest Entity, Primary Beneficiary
Total Assets		94,000	97,000
Liabilities		$ 2,000	$ 3,000
[1]	(1) The Company’s consolidated total assets as of March 31, 2017 and December 31, 2016 include total assets of variable interest entities (“VIEs”) of $94 million and $97 million, respectively, which can only be used to settle the obligations of the VIEs. The Company’s consolidated total liabilities as of March 31, 2017 and December 31, 2016 include total liabilities of the VIEs of $2 million and $3 million, respectively, for which the creditors of the VIEs have no recourse to the Company (see Note 1).

Condensed Consolidated Stateme7

Condensed Consolidated Statement Of Shareholders' Equity - 3 months ended Mar. 31, 2017 - USD ($)	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	Special Cash Dividend	Special Cash DividendAdditional Paid-In Capital	Regular Cash Dividend	Regular Cash DividendAdditional Paid-In Capital
Beginning balance, Shares at Dec. 31, 2016		100,416,516	5,605
Beginning Balance at Dec. 31, 2016	$ 3,545,683,000	$ 100,000	$ 0	$ (308,105,000)	$ (81,782,000)	$ 4,561,760,000	$ (632,207,000)	$ 5,917,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(85,594,000)			(85,594,000)
Other comprehensive income, net of taxes	7,643,000				7,643,000
Comprehensive (Loss) Income	(77,951,000)
Special dividends declared to shareholders and warrant holders, $5.77 per share									$ 499,107,000	$ 499,107,000	$ (21,742,000)	$ 21,742,000
Warrant exercises, shares		28,475
Stock-based compensation	15,189,000					15,189,000
Net share settlements of stock-based awards, shares		534,457
Net share settlements of stock-based awards	(4,668,000)	$ 1,000				(4,682,000)	13,000
Common stock repurchases	0
Cumulative effect of a change in accounting principle	164,000			(254,000)		418,000
Ending balance, Shares at Mar. 31, 2017		100,979,448	5,605
Ending Balance at Mar. 31, 2017	$ 2,957,568,000	$ 101,000	$ 0	$ (393,953,000)	$ (74,139,000)	$ 4,051,836,000	$ (632,194,000)	$ 5,917,000

Condensed Consolidated Stateme8

Condensed Consolidated Statement Of Shareholders' Equity (Parenthetical) - $ / shares	Jan. 02, 2017	Mar. 31, 2017	Mar. 31, 2016
Regular Cash Dividend
Dividends declared per common share (usd per share)		$ 0.25	$ 0.25
Special Cash Dividend
Dividends declared per common share (usd per share)	$ 5.77	$ 5.77	$ 0

Condensed Consolidated Stateme9

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2017		Mar. 31, 2016
Operating Activities
Net (Loss) Income		$ (85,594)		$ 11,093
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Stock-based compensation		14,963		8,493
Pension credit, net of contributions		(5,549)		(5,993)
Depreciation	[1]	13,571		14,442
Depreciation, Including Discontinued Operations				17,338
Amortization of contract intangible assets and liabilities		208		(4,003)
Amortization of other intangible assets		41,659		41,665
Amortization Of Intangible Assets, Excluding Contract Intangible Assets, Including Discontinued Operation				49,378
Income on equity investments, net		(37,037)		(38,252)
Distributions from equity investments		111,509		89,346
Non-cash loss on extinguishment and modification of debt		6,823		0
Original issue discount payments		(6,873)		0
Write-down of investment		(122,000)		0
Amortization of debt issuance costs and original issue discount		2,170		2,786
Gain on sale of business		(35,462)		0
Gain on investment transaction		(4,950)		0
Impairments of real estate		754		7,834
Other non-operating loss (gain)		26		(496)
Changes in working capital items:
Accounts receivable, net		44,963		33,210
Prepaid expenses and other current assets		4,568		2,775
Accounts payable		(6,797)		9,448
Employee compensation and benefits, accrued expenses and other current liabilities		(49,580)		(44,797)
Deferred revenue		(2,326)		(3,941)
Income taxes		77,201		14,406
Change in broadcast rights, net of liabilities		(18,546)		(46,949)
Deferred income taxes		(115,922)		1,722
Other, net		3,434		18,901
Net cash provided by operating activities		75,213		122,299
Investing Activities
Capital expenditures		(14,634)		(17,848)
Investments		0		(88)
Net proceeds from the sale of business (Note 2)		554,725		0
Proceeds from sales of real estate and other assets		44,315		1,486
Proceeds from the sale of investment		4,950		0
Transfers from restricted cash		0		4
Net cash provided by (used in) investing activities		589,356		(16,446)
Financing Activities
Long-term borrowings		202,694		0
Repayments of long-term debt		(584,245)		(6,960)
Long-term debt issuance costs		(1,689)		(622)
Payments of dividends		(520,849)		(23,215)
Common stock repurchases		0		(8,938)
Tax withholdings related to net share settlements of share-based awards		(7,053)		(4,126)
Proceeds from stock option exercises		2,385		0
Net cash used in financing activities		(908,757)		(43,861)
Net (Decrease) Increase in Cash and Cash Equivalents		(244,188)		61,992
Cash and cash equivalents, beginning of period (1)		590,409	[2]	262,644
Cash and cash equivalents, end of period		346,221		324,636
Supplemental Schedule of Cash Flow Information
Interest		54,246		59,065
Income taxes, net		$ 752		$ (3,613)
[1]	(3)Depreciation and amortization from discontinued operations totaled $3 million and $8 million, respectively, for the three months ended March 31, 2016.
[2]	(1)Cash and cash equivalents at the beginning of the three months ended March 31, 2017 of $590 million are comprised of $578 million of cash and cash equivalents from continuing operations as reflected in the Company’s unaudited Condensed Consolidated Balance Sheets and $13 million of cash and cash equivalents reflected in current assets of discontinued operations, as further described in Note 2.

Condensed Consolidated Statem10

Condensed Consolidated Statements Of Cash Flows Footnote (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016		Mar. 31, 2016	Dec. 31, 2015
Statement of Cash Flows [Abstract]
Cash and Cash Equivalents, at Carrying Value, Including Discontinued Operations		$ 590,409	[1]		$ 262,644
Cash and cash equivalents	$ 346,221	$ 577,658		$ 324,636	$ 262,644
[1]	(1)Cash and cash equivalents at the beginning of the three months ended March 31, 2017 of $590 million are comprised of $578 million of cash and cash equivalents from continuing operations as reflected in the Company’s unaudited Condensed Consolidated Balance Sheets and $13 million of cash and cash equivalents reflected in current assets of discontinued operations, as further described in Note 2.

Basis Of Presentation And Signi

Basis Of Presentation And Significant Accounting Policies	3 Months Ended
	Mar. 31, 2017
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, 2016 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 March 31, 2017 and the results of operations and cash flows for the three months ended March 31, 2017 and March 31, 2016 . 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 January 31, 2017, the Company completed the Gracenote Sale (as defined below). The historical results of operations for the businesses included in the Gracenote Sale are presented in discontinued operations for all periods presented (see Note 2 ). Unless indicated otherwise, the information in the notes to the accompanying unaudited condensed consolidated financial statements relates to the Company’s continuing operations. On May 8, 2017, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Sinclair Broadcast Group, Inc. (“Sinclair”), providing for the acquisition by Sinclair of all of the outstanding shares of the Company’s Class A common stock (“Class A Common Stock”) and Class B common stock (“Class B Common Stock” and, together with the Class A Common Stock, the “Common Stock”) by means of a merger of a wholly owned subsidiary of Sinclair with and into Tribune Media Company (the “Merger”), with the Company surviving the Merger as a wholly owned subsidiary of Sinclair, as further described in Note 18 . Change in Accounting Principles —In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2016-09, “Compensation - Stock Compensation (Topic 718).” The Company adopted ASU 2016-09 on January 1, 2017. The Company made a policy election to account for forfeitures of equity awards as they occur and implemented this provision using a modified retrospective transition method. The cumulative-effect adjustment to retained earnings in the first quarter of 2017 as a result of this election was immaterial. The Company adopted the other provisions of ASU 2016-09 on a prospective basis. The adoption of these provisions did not have a material impact on the Company’s unaudited condensed consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, “Intangibles - Goodwill and Other (Topic 350).” The Company adopted the standard on a prospective basis, effective January 1, 2017. The standard simplifies the subsequent measure of goodwill by eliminating Step 2 from the goodwill impairment test. Under ASU 2017-04, companies should recognize an impairment charge for the amount the carrying amount exceeds the reporting unit’s fair value. However, the loss recognized cannot exceed the total goodwill allocated to that reporting unit. The adoption of this standard did not have a material impact on the Company’s unaudited condensed consolidated financial statements. Derivative Instruments —The Company’s earnings and cash flows are subject to fluctuations due to changes in interest rates. The Company’s risk management policy allows for the use of derivative financial instruments to manage interest rate exposures and does not permit derivatives to be used for speculative purposes. The Company formally documents all relationships between hedging instruments and hedged items, as well as the risk-management objective and strategy for undertaking various hedge transactions. This process includes linking the derivatives designated as cash flow hedges to specific forecasted transactions or variability of cash flow. The Company also formally assesses, both at the hedge’s inception and on an ongoing basis, whether the designated derivatives that are used in hedging transactions are highly effective in offsetting changes in the cash flow of hedged items as well as monitors the credit worthiness of the counterparties to ensure no issues exist which would affect the value of the derivatives. When a derivative is determined not to be highly effective as a hedge or the underlying hedged transaction is no longer probable, the Company discontinues hedge accounting prospectively, in accordance with derecognition criteria for hedge accounting. The Company records derivative financial instruments at fair value in its unaudited Condensed Consolidated Balance Sheets in either other current liabilities or other noncurrent assets. Changes in the fair value of a derivative that is designated as a cash flow hedge, to the extent that the hedge is effective, are recorded in accumulated other comprehensive (loss) income and reclassified to earnings when the hedged item affects earnings. Cash flows from derivative financial instruments are classified in the unaudited Condensed Consolidated Statements of Cash Flows based on the nature of the derivative contract. 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, 2016 . 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 1 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2016 for additional information. The Company’s unaudited condensed consolidated financial statements as of and for the three months ended March 31, 2017 and March 31, 2016 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 March 31, 2017 and March 31, 2016 , were $17 million . Operating profits of the Dreamcatcher stations included in the Company’s unaudited Condensed Consolidated Statements of Operations for the three months ended March 31, 2017 and March 31, 2016 , were $2 million and $3 million , respectively. The Company’s unaudited Condensed Consolidated Balance Sheets as of March 31, 2017 and December 31, 2016 include the following assets and liabilities of the Dreamcatcher stations (in thousands): March 31, 2017 December 31, 2016 Property, plant and equipment, net $ 68 $ 91 Broadcast rights 1,712 2,634 Other intangible assets, net 79,810 82,442 Other assets 208 134 Total Assets $ 81,798 $ 85,301 Debt due within one year $ 4,006 $ 4,003 Contracts payable for broadcast rights 1,846 2,758 Long-term debt 9,764 10,767 Other liabilities 66 85 Total Liabilities $ 15,682 $ 17,613 New Accounting Standard s—In March 2017, the FASB issued ASU No. 2017-07, “Compensation - Retirement Benefits (Topic 715).” The standard changes how employers that sponsor defined benefit pension and/or other postretirement benefit plans present the net periodic benefit cost in the statement of operations. Under the new guidance, employers are required to present the service cost component of net periodic benefit cost in the same statement of operations caption as other employee compensation costs arising from services rendered during the period. Employers are required to present the other components of the net periodic benefit cost separately from the caption that includes the service costs and outside of any subtotal of operating profit and are required to disclose the caption used to present the other components of net periodic benefit cost, if not presented separately on the statement of operations. Additionally, only the service cost component will be eligible for capitalization in assets. The standard is effective for fiscal years beginning after December 15, 2017, and the interims periods within those fiscal years. Early adoption is permitted. The amendments in ASU 2017-07 must be applied retrospectively. Upon adoption, the Company is required to provide the relevant disclosures under Topic 250, Accounting Changes and Error Corrections. The Company is currently evaluating the impact of adopting ASU 2017-07 on its consolidated financial statements. In February 2017, the FASB issued ASU No. 2017-05, “Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20).” The standard clarifies that ASC 610-20 provides guidance for recognizing gains and losses from the transfer of nonfinancial assets and in substance nonfinancial assets in contracts with noncustomers. As a result of the new guidance, the guidance specific to real estate sales in ASC 360-20 will be eliminated. Instead, sales and partial sales of real estate will be subject to the same recognition model as all other nonfinancial assets. The standard is effective for fiscal years beginning after December 15, 2017, and the interim periods within those fiscal periods. Early adoption is permitted. The amendments in ASU 2017-05 may be applied either retrospectively to each prior period presented or retrospectively with the cumulative effect of initially applying ASU 2017-05 at the date of initial application. The Company is currently evaluating the method and the impact of adopting ASU 2017-05 on its consolidated financial statements. In November 2016, the FASB issued ASU No. 2016-18, “Statement of Cash Flows (Topic 230).” The standard addresses the diversity in classification and presentation of changes in restricted cash on the statement of cash flows. The standard requires restricted cash and restricted cash equivalents to be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. In addition, transfers between cash, cash equivalents and amounts generally described as restricted cash or restricted cash equivalents are not reported as cash flow activities. The standard also requires additional disclosures related to a reconciliation of the balance sheet line items related to cash, cash equivalents, restricted cash and restricted cash equivalents to the statement of cash flows, which can be presented either on the face of the statement of cash flows or separately in the notes to the financial statements. The amendments in this ASU should be applied using a retrospective transition method to each period presented. The standard is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted. The adoption on this standard is not expected to have a material impact on the Company’s consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15, “Statement of Cash Flows (Topic 230).” The standard addresses several specific cash flow issues with the objective of reducing the existing diversity in practice in how certain cash activities are presented and classified in the statement of cash flows. The cash flow issues addressed include debt prepayment or extinguishment costs, settlement of debt instruments with coupon rates that are insignificant in relation to the effective interest rate of the borrowing, contingent consideration payments made after a business combination, distributions received from equity method investees and cash receipts and payments that may have aspects of more than one class of cash flows. The standard is effective for fiscal years beginning after December 15, 2017, 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 impact of adopting ASU 2016-15 on its consolidated financial statements. In June 2016, the FASB issued ASU No. 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 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, and 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, and 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. In December 2016, the FASB issued ASU No. 2016-20, “Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers,” to clarify or to correct unintended application of the Topic 606, including disclosure requirements related to performance obligations. The amendments in ASU 2014-09, ASU 2016-08, ASU 2016-10, ASU 2016-12 and ASU 2016-20 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, ASU 2016-12 and ASU 2016-20 at the date of initial application. The Company is currently evaluating the impact of adopting ASU 2014-09, ASU 2016-08, ASU 2016-10, ASU 2016-12 and ASU 2016-20 on its consolidated financial statements. The Company is finalizing the initial assessment phase of the new standard and expects to adopt the standard under the modified retrospective approach. Additionally, the Company has determined that under the new standard, certain barter revenue and the related expense will no longer be recognized. The Company is continuing to evaluate the impact of adopting the standard.

Discontinued Operations (Notes)

Discontinued Operations (Notes)	3 Months Ended
	Mar. 31, 2017
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure	NOTE 2: DISCONTINUED OPERATIONS Sale of Digital and Data Businesses —On December 19, 2016, the Company entered into a definitive share purchase agreement (the “Gracenote SPA”) with Nielsen Holding and Finance B.V. (“Nielsen”) to sell equity interests in substantially all of the Digital and Data business operations, which includes Gracenote Inc., Gracenote Canada, Inc., Gracenote Netherlands Holdings B.V., Tribune Digital Ventures LLC and Tribune International Holdco, LLC (the “Gracenote Companies”), for $560 million in cash, subject to certain purchase price adjustments (the “Gracenote Sale”). The Company retained its ownership of Covers Media Group (“Covers”), which was previously included in the Digital and Data reportable segment, and reclassified Covers’ previously reported amounts into the Television and Entertainment reportable segment to conform to the current segment presentation; the impact of this reclassification was immaterial. The Gracenote Sale was completed on January 31, 2017 and the Company received gross proceeds of $581 million . The Company expects to receive additional proceeds of approximately $4 million as a result of purchase price adjustments. The Company recognized a pretax gain of $35 million as a result of the Gracenote Sale in the first quarter of 2017. On February 1, 2017, the Company used $400 million of proceeds from the Gracenote Sale to pay down a portion of its Term Loan Facility (as defined and described in Note 6 ). As of December 31, 2016, the assets and liabilities of the businesses included in the Gracenote Sale are reflected as assets and liabilities of discontinued operations in the Company’s unaudited Condensed Consolidated Balance Sheets, and the operating results are presented as discontinued operations in the Company’s unaudited Condensed Consolidated Statements of Operations and unaudited Condensed Consolidated Statements of Comprehensive (Loss) Income for all periods presented. The Company entered into a transition services agreement (the “Nielsen TSA”) and certain other agreements with Nielsen that govern the relationships between Nielsen and the Company following the Gracenote Sale. Pursuant to the Nielsen TSA, the Company provides Nielsen with certain specified services on a transitional basis for a period of up to six months following the Gracenote Sale, including support in areas such as human resources, treasury, technology, legal and finance. In addition, the Nielsen TSA outlines the services that Nielsen provides to the Company on a transitional basis for a period of up to six months following the Gracenote Sale, including in areas such as human resources, technology, and finance and other areas where the Company may need assistance and information following the Gracenote Sale. The Nielsen TSA may be extended, in certain circumstances and for certain services, upon mutual agreement between the Company and Nielsen. The charges for the transition services generally allow the providing company to fully recover all out-of-pocket costs and expenses it actually incurs in connection with providing the services, plus, in some cases, the allocated direct costs of providing the services, generally without profit. Based on the Company’s assessment of the specific factors identified in ASC Topic 205, “Presentation of Financial Statements,” the Company concluded that it will not have significant continuing involvement in the Gracenote Companies. The following table shows the components of the results from discontinued operations associated with the Gracenote Sale as reflected in the Company’s unaudited Condensed Consolidated Statements of Operations (in thousands): Three Months Ended March 31, 2017 (1) March 31, 2016 Operating revenues $ 18,168 $ 52,592 Direct operating expenses 7,292 16,694 Selling, general and administrative 15,349 28,065 Depreciation (2) — 2,896 Amortization (2) — 7,713 Operating loss (4,473 ) (2,776 ) Interest income 16 13 Interest expense (3) (1,261 ) (3,835 ) Loss before income taxes (5,718 ) (6,598 ) Pretax gain on the disposal of discontinued operations 35,462 — Total pretax gain (loss) on discontinued operations 29,744 (6,598 ) Income tax expense (benefit) (4) 14,126 (2,589 ) Gain (loss) from discontinued operations, net of taxes $ 15,618 $ (4,009 ) (1) Results of operations for the Gracenote Companies are reflected through January 31, 2017, the date of the Gracenote Sale. (2) No depreciation expense or amortization expense was recorded by the Company in 2017 as the Gracenote Companies’ assets were held for sale as of December 31, 2016. (3) The Company used $400 million of proceeds from the Gracenote Sale to pay down a portion of its outstanding borrowings under the Company’s Term Loan Facility (as defined and described in Note 6 ). Interest expense associated with the Company’s outstanding Term Loan Facility was allocated to discontinued operations based on the ratio of the $400 million prepayment to the total outstanding indebtedness under the Term Loan Facility in effect in each respective period. (4) The effective tax rates on pretax income from discontinued operations were 47.5% and 39.2% for the three months ended March 31, 2017 and March 31, 2016 , respectively. The 2017 rate differs from the U.S. federal statutory rate of 35% primarily due to state income taxes (net of federal benefit), foreign tax rate differences, and an adjustment relating to the sale of the Gracenote Companies. The 2016 rate differs from the U.S. federal statutory rate of 35% primarily due to state income taxes (net of federal benefit) and foreign tax rate differences. The results of discontinued operations include selling costs and transactions costs, including legal and professional fees incurred by the Company to complete the Gracenote Sale, of $10 million for the three months ended March 31, 2017 . The following is a summary of the assets and liabilities of discontinued operations (in thousands): December 31, 2016 Carrying Amounts of Major Classes of Current Assets Included as Part of Discontinued Operations Cash and cash equivalents $ 12,751 Accounts receivable, net 38,727 Prepaid expenses and other 11,127 Total current assets of discontinued operations 62,605 Carrying Amounts of Major Classes of Non-Current Assets Included as Part of Discontinued Operations Property, plant and equipment, net 49,348 Goodwill 333,258 Other intangible assets, net 219,287 Other long-term assets 6,260 Total non-current assets of discontinued operations 608,153 Total Assets Classified as Discontinued Operations in the Unaudited Condensed Consolidated Balance Sheets $ 670,758 Carrying Amounts of Major Classes of Current Liabilities Included as Part of Discontinued Operations Accounts payable $ 6,237 Employee compensation and benefits 17,011 Deferred revenue 27,113 Accrued expenses and other current liabilities 3,923 Total current liabilities of discontinued operations 54,284 Carrying Amounts of Major Classes of Non-Current Liabilities Included as Part of Discontinued Operations Deferred income taxes 89,029 Postretirement, medical, life and other benefits 2,786 Other obligations 3,499 Total non-current liabilities discontinued operations 95,314 Total Liabilities Classified as Discontinued Operations in the Unaudited Condensed Consolidated Balance Sheets $ 149,598 Net Assets Classified as Discontinued Operations $ 521,160 The Gracenote SPA provides for indemnification against specified losses and damages which became effective upon completion of the transaction. The Company does not expect to incur material costs in connection with these indemnifications. The Company has no contingent liabilities relating to the Gracenote Sale as of March 31, 2017. The following table represents the components of the results from discontinued operations associated with the Gracenote Sale as reflected in the Company’s unaudited Condensed Consolidated Statements of Cash Flows (in thousands): Three Months Ended March 31, 2017 (1) March 31, 2016 Significant operating non-cash items: Stock-based compensation $ 1,992 $ 989 Depreciation (2) — 2,896 Amortization (2) — 7,713 Significant investing items (3): Capital expenditures 1,578 4,923 Net proceeds from the sale of business (4) 554,725 — (1) Results of operations for the Gracenote Companies are reflected through January 31, 2017, the date of the Gracenote Sale. (2) No depreciation expense or amortization expense was recorded by the Company in 2017 as the Gracenote Companies’ assets were held for sale as of December 31, 2016. (3) Non-cash investing and financing activities of Digital and Data businesses included in the Gracenote Sale were immaterial. (4) Net proceeds from the sale of business reflects the gross proceeds from the Gracenote sale of $581 million , net of $17 million of the Gracenote Companies’ cash and cash equivalents included in the sale and $9 million of selling costs.

Assets Held For Sale and Sales

Assets Held For Sale and Sales of Real Estate	3 Months Ended
	Mar. 31, 2017
Assets Held-for-sale, Not Part of Disposal Group [Abstract]
Assets Held For Sale and Sales of Real Estate	NOTE 3: REAL ESTATE SALES AND ASSETS HELD FOR SALE Real Estate Assets Held for Sale —Real estate assets held for sale in the Company’s unaudited Condensed Consolidated Balance Sheets consisted of the following (in thousands): March 31, 2017 December 31, 2016 Real estate $ 16,356 $ 17,176 As of March 31, 2017 , the Company had five real estate properties held for sale. The Company recorded charges of $1 million and $8 million in the three months ended March 31, 2017 and March 31, 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. These charges are included in selling, general and administrative expenses (“SG&A”) in the Company’s unaudited Condensed Consolidated Statements of Operations. Sales of Real Estate —In the three months ended March 31, 2017 , the Company sold two properties for net pretax proceeds totaling $44 million , as further described below. The Company defines net proceeds as pretax cash proceeds on the sale of properties, net of associated selling costs. On January 26, 2017, the Company sold its Denver, CO property for net proceeds of $23 million , which approximated the carrying value, and entered into a lease for the property. On January 31, 2017, the Company sold one of its Chicago, IL properties for net proceeds of $22 million and entered into a lease with a term of 10 years, subject to renewal, retaining the use of more than a minor portion of the property. The Company recorded a deferred pretax gain of $13 million on the sale, which will be amortized over the life of the lease in accordance with sale-leaseback accounting guidance.

Goodwill And Other Intangible A

Goodwill And Other Intangible Assets	3 Months Ended
	Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, Other Intangible Assets and Liabilities	NOTE 4: GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill and other intangible assets consisted of the following (in thousands): March 31, 2017 December 31, 2016 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 $ (56,313 ) $ 155,687 $ 212,000 $ (53,000 ) $ 159,000 Advertiser relationships (useful life of 8 years) 168,000 (89,250 ) 78,750 168,000 (84,000 ) 84,000 Network affiliation agreements (useful life of 5 to 16 years) 362,000 (144,128 ) 217,872 362,000 (133,725 ) 228,275 Retransmission consent agreements (useful life of 7 to 12 years) 830,100 (309,504 ) 520,596 830,100 (286,994 ) 543,106 Trade names and trademarks (useful life of 15 years) 4,876 (606 ) 4,270 4,802 (516 ) 4,286 Other (useful life of 5 to 12 years) 10,698 (4,513 ) 6,185 10,646 (4,179 ) 6,467 Total $ 1,587,674 $ (604,314 ) 983,360 $ 1,587,548 $ (562,414 ) 1,025,134 Other intangible assets not subject to amortization FCC licenses 779,200 779,200 Trade name 14,800 14,800 Total other intangible assets, net 1,777,360 1,819,134 Goodwill 3,228,047 3,227,930 Total goodwill and other intangible assets $ 5,005,407 $ 5,047,064 The changes in the carrying amounts of intangible assets, which are in the Company’s Television and Entertainment segment, during the three months ended March 31, 2017 were as follows (in thousands): Other intangible assets subject to amortization Balance as of December 31, 2016 $ 1,025,134 Amortization (41,879 ) Foreign currency translation adjustment 105 Balance as of March 31, 2017 $ 983,360 Other intangible assets not subject to amortization Balance as of March 31, 2017 and December 31, 2016 $ 794,000 Goodwill Gross balance as of December 31, 2016 $ 3,608,930 Accumulated impairment losses at December 31, 2016 (381,000 ) Balance at December 31, 2016 3,227,930 Foreign currency translation adjustment 117 Balance as of March 31, 2017 $ 3,228,047 Total goodwill and other intangible assets as of March 31, 2017 $ 5,005,407 Amortization expense relating to amortizable intangible assets is expected to be approximately $125 million for the remainder of 2017 , $167 million in 2018 , $140 million in 2019 , $134 million in 2020 , $103 million in 2021 and $84 million in 2022 .

Investments

Investments	3 Months Ended
	Mar. 31, 2017
Investments [Abstract]
Investments	NOTE 5: INVESTMENTS Investments consisted of the following (in thousands): March 31, 2017 December 31, 2016 Equity method investments $ 1,445,901 $ 1,642,117 Cost method investments 26,748 26,748 Marketable equity securities 861 6,018 Total investments $ 1,473,510 $ 1,674,883 Equity Method Investments —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 March 31, 2017 March 31, 2016 Income from equity investments, net, before amortization of basis difference $ 52,888 $ 51,923 Amortization of basis difference (15,851 ) (13,671 ) Income from equity investments, net $ 37,037 $ 38,252 As discussed in Note 8 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2016 , the carrying value of the Company’s investments was increased by $1.615 billion to a fair value aggregating $2.224 billion as a result of fresh start reporting adopted on 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 “Business Combinations.” 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. The remaining identifiable net intangible assets subject to amortization of basis difference as of March 31, 2017 totaled $723 million and have a weighted average remaining useful life of approximately 16 years. Cash distributions from the Company’s equity method investments were as follows (in thousands): Three Months Ended March 31, 2017 March 31, 2016 Cash distributions from equity investments $ 111,509 $ 89,346 TV Food Network —The Company’s 31% investment in Television Food Network, G.P. (“TV Food Network”) totaled $1.206 billion and $1.279 billion at March 31, 2017 and December 31, 2016 , respectively. The Company recognized equity income from TV Food Network of $38 million and $34 million for the three months ended March 31, 2017 and March 31, 2016 , respectively. The Company received cash distributions from TV Food Network of $112 million and $89 million in the three months ended March 31, 2017 and March 31, 2016 , respectively. CareerBuilder —The Company’s 32% investment in CareerBuilder, LLC (“CareerBuilder”) totaled $219 million and $341 million at March 31, 2017 and December 31, 2016 , respectively. The Company recognized an equity loss from CareerBuilder of $0.3 million for the three months ended March 31, 2017 and equity income of $5 million for the three months ended March 31, 2016 . On September 7, 2016, TEGNA Inc. (“TEGNA”) announced that it began evaluating strategic alternatives for CareerBuilder, in which the Company owns a 32% interest, including a possible sale. In March 2017, the range of possible outcomes was narrowed and the Company determined that there was sufficient indication that the carrying value of its investment in CareerBuilder may be impaired. As of the assessment date, the carrying value of the Company’s investment in CareerBuilder included $72 million of basis difference that the Company recorded as a result of fresh start reporting discussed above. In the three months ended March 31, 2017 , the Company recorded a non-cash pretax impairment charge of $122 million to write down its investment in CareerBuilder, which eliminated the remaining fresh start reporting basis difference. The write down resulted from a decline in the fair value of the investment that the Company determined to be other than temporary. The Company estimated the fair value based on the best available evidence from recent developments related to TEGNA’s evaluation of strategic alternatives for CareerBuilder. The investment constitutes a nonfinancial asset measured at fair value on a nonrecurring basis in the Company’s unaudited Condensed Consolidated Balance Sheets and is classified as a Level 3 asset in the fair value hierarchy. See Note 7 for a description of the fair value hierarchy’s three levels. Dose Media —The Company’s 25% investment in Dose Media, LLC (“Dose Media”) totaled $12 million at both March 31, 2017 and December 31, 2016 . Summarized Financial Information —Summarized financial information for TV Food Network is as follows (in thousands): Three Months Ended March 31, 2017 March 31, 2016 Revenues, net $ 297,356 $ 277,176 Operating income $ 192,682 $ 181,996 Net income $ 159,461 $ 148,317 Summarized financial information for CareerBuilder and Dose Media is as follows (in thousands): Three Months Ended March 31, 2017 March 31, 2016 Revenues, net $ 170,019 $ 172,733 Operating income $ 6,854 $ 16,932 Net income $ 7,740 $ 17,885 Marketable Equity Securities —As further described in Note 2 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2016 , on August 4, 2014, the Company completed the Publishing Spin-off and retained 381,354 shares of tronc, Inc. (“tronc”) common stock, representing at that time 1.5% of the outstanding common stock of tronc. As of December 31, 2016, shares of tronc common stock were classified as available-for-sale securities. On January 31, 2017, the Company sold its tronc shares for net proceeds of $5 million and recognized a pretax gain of $5 million . 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 8 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2016 , 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. Variable Interests —At March 31, 2017 and December 31, 2016 , 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, 2016 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 $5 million at both March 31, 2017 and December 31, 2016 . 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 financial position and results of operations of the VIE as of and for the three months ended March 31, 2017 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	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Debt	NOTE 6: DEBT Debt consisted of the following (in thousands): March 31, 2017 December 31, 2016 Term Loan Facility Term B Loans due 2020, effective interest rate of 3.84% and 3.82%, net of unamortized discount and debt issuance costs of $2,503 and $31,230 $ 197,497 $ 2,312,218 Term C Loans due 2024, effective interest rate of 3.85%, net of unamortized discount and debt issuance costs of $25,694 1,735,755 — 5.875% Senior Notes due 2022, net of debt issuance costs of $14,749 and $15,437 1,085,251 1,084,563 Dreamcatcher Credit Facility due 2018, effective interest rate of 4.08%, net of unamortized discount and debt issuance costs of $67 and $80 13,770 14,770 Total debt 3,032,273 3,411,551 Less: Debt due within one year 17,876 19,924 Long-term debt, net of current portion $ 3,014,397 $ 3,391,627 Secured Credit Facility —On December 31, 2016 , the Company’s secured credit facility (the “Secured Credit Facility”) consisted of a term loan facility (the “Term Loan Facility”), under which $2.343 billion of term B loans (the “Term B Loans”) were outstanding, and a $300 million revolving credit facility (the “Revolving Credit Facility”). At December 31, 2016 , there were no borrowings outstanding under the Revolving Credit Facility, however, there were standby letters of credit outstanding of $23 million , primarily in support of the Company’s workers’ compensation insurance programs. See Note 9 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2016 for further information and significant terms and conditions associated with the Term Loan Facility and the Revolving Credit Facility, including but not limited to interest rates, repayment terms, fees, restrictions and affirmative and negative covenants. 2017 Amendment On January 27, 2017, the Company entered into an amendment (the “2017 Amendment”) to the Secured Credit Facility, pursuant to which, among other things, (i) certain term lenders converted a portion of their Term B Loans outstanding immediately prior to the closing of the 2017 Amendment (the “Former Term B Loans”) into a new tranche of term loans in an aggregate amount (after giving effect to the Term Loan Increase Supplement (as defined below)) of approximately $1.761 billion (the “Term C Loans”), electing to extend the maturity date of the Term C Loans from December 27, 2020 to the earlier of (A) January 27, 2024 and (B) solely to the extent that more than $600 million in aggregate principal amount of the Company’s 5.875% Senior Notes due 2022 remain outstanding on such date, the date that is 91 days prior to July 15, 2022 (as such date may be extended from time to time) and (ii) certain revolving lenders under the Revolving Credit Facility converted all of their revolving commitments into a new tranche of revolving commitments (the “New Initial Revolving Credit Commitments”; the existing tranche of revolving commitments of the remaining revolving lenders, the “Existing Revolving Tranche”), electing to extend the maturity date of the New Initial Revolving Credit Commitments from December 27, 2018 to January 27, 2022. Under the Secured Credit Facility, the Term C Loans bear interest, at the Company’s election, at a rate per annum equal to either (i) the sum of 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% . Under the Revolving Credit Facility, the loans made pursuant to a New Initial Revolving Credit Commitments bear interest initially, at the Company’s election, at a rate per annum equal to either (i) the sum of Adjusted LIBOR, subject to a minimum rate of zero , 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% . The interest rate and other terms specific to the Term B Loans and Existing Revolving Tranche were unchanged by the 2017 Amendment. The Term C Loans and the New Initial Revolving Credit Commitments are secured by the same collateral and guaranteed by the same guarantors as the Former Term B Loans. Voluntary prepayments of the Term C 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 six months after the 2017 Amendment. The Revolving Credit Facility includes a covenant that 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 35% of the aggregate amount of revolving commitments as of the date of the 2017 Amendment (after giving effect to Revolving Credit Facility Increase (as defined below)). The other terms of the Term C Loans and the New Initial Revolving Credit Commitments are also generally the same as the terms of the Former Term B Loans and the Existing Revolving Tranche, as applicable. A portion of each of the Former Term B Loans and the Existing Revolving Tranche remained in place following the 2017 Amendment and each will mature on its respective existing maturity date. Concurrent with the 2017 Amendment, the Company entered into certain interest rate swaps with a notional value of $500 million to hedge variable rate interest payments associated with the Term C Loans due under the 2017 Amendment. See Note 7 for further information on the interest rate swaps. On January 27, 2017, immediately following effectiveness of the 2017 Amendment, the Company increased (A) the amount of its Term C Loans pursuant to an Increase Supplement (the “Term Loan Increase Supplement”) between the Company and the term lender party thereto and (B) the amount of commitments under its Revolving Credit Facility from $300 million to $420 million (the “Revolving Credit Facility Increase”), pursuant to (i) an Increase Supplement, among the Company and certain existing revolving lenders and (ii) a Lender Joinder Agreement, among the Company, a new revolving lender and JPMorgan Chase Bank N.A., as administrative agent. In connection with the 2017 Amendment of the Revolving Credit Facility, the Company incurred fees of $2 million , all of which were deferred. At March 31, 2017 , there were no borrowings outstanding under the Revolving Credit Facility, however, there were $22 million of standby letters of credit outstanding, primarily in support of the Company’s workers’ compensation insurance programs. As of the date of the 2017 Amendment, the aggregate unamortized debt issuance costs related to the Term Loan Facility totaled $25 million and unamortized discount totaled $6 million . In connection with the 2017 Amendment, the Company paid fees to Term C Loan lenders of $4 million , which are considered a debt discount, all of which were deferred, and incurred transaction costs of $13 million , of which $1 million was deferred with the remainder expensed as part of loss on extinguishment and modification of debt, as further described below. Subsequent to the 2017 Amendment, the Company had $600 million of Term B Loans outstanding. On February 1, 2017, the Company used $400 million from the proceeds from the Gracenote Sale to pay down a portion of its Term B Loans. Subsequent to this payment, the Company’s quarterly installments related to the remaining principal amount of Term B Loans are no longer due. As a result of the 2017 Amendment and the $400 million pay down, the Company recorded charges of $19 million on the extinguishment and modification of debt in the Company’s unaudited Condensed Consolidated Statements of Operations for the three months ended March 31, 2017 . The loss consisted of a write-off of unamortized debt issuance costs of $6 million and an unamortized discount of $1 million associated with the Term B Loans as a portion of the Term Loan Facility was considered extinguished for accounting purposes as well as an expense of $12 million of third parties fees as a portion of the Term Loan Facility was considered a modification transaction under ASC 470, “Debt.” The Company’s unamortized transaction costs and unamortized discount related to the Term Loan Facility were $28 million and $31 million at March 31, 2017 and December 31, 2016 , respectively. These deferred costs are recorded as a direct deduction from the carrying amount of an associated debt liability in the Company’s unaudited Condensed Consolidated Balance Sheets and amortized to interest expense over the contractual term of either the Term B Loans or Term C Loans, as appropriate. 5.875% Senior Notes due 2022 —On April 1, 2016, the Securities and Exchange Commission (the “SEC”) declared effective the exchange offer registration statement on Form S-4 to exchange the Company’s 5.875% Senior Notes due 2022 and the related guarantees of certain subsidiaries of the Company for substantially identical securities registered under the Securities Act of 1933, as amended (the “Securities Act”). On May 4, 2016, the Company and the subsidiary guarantors completed the exchange offer of the 5.875% Senior Notes due 2022 and related guarantees for $1.100 billion of the Company’s 5.875% Senior Notes due 2022 (the “Notes”) and the related guarantees, which have been registered under the Securities Act. During the first half of 2016, the Company incurred and deferred $1 million of transaction costs related to filing the exchange offer registration statement for the Notes. See Note 9 to the audited consolidated financial statements for the fiscal year ended December 31, 2016 for further information and significant terms and conditions associated with the Notes, including but not limited to interest rates, repayment terms, fees, restrictions and affirmative and negative covenants. The Company’s unamortized transaction costs related to the Notes were $15 million at both March 31, 2017 and December 31, 2016 . Dreamcatcher —The Company and the guarantors guarantee the obligations of Dreamcatcher under its senior secured credit facility (the “Dreamcatcher Credit Facility”). The obligations of the Company and the guarantors under the Dreamcatcher Credit Facility are secured on a pari passu basis with the Company’s and the guarantors’ obligations under the Secured Credit Facility.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2017
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. On January 27, 2017, concurrent with the 2017 Amendment, the Company entered into interest rate swaps with certain financial institutions for a total notional value of $500 million with a duration that matches the maturity of the Company’s Term C Loans. The interest rate swaps are designated as cash flow hedges and are considered highly effective. As a result, no ineffectiveness has been recognized in the unaudited Condensed Consolidated Statements of Operations during the three months ended March 31, 2017. Additionally, for the interest rate swaps, no amounts are excluded from the assessment of hedge effectiveness. The monthly net interest settlements under the interest rate swaps are reclassified out of accumulated other comprehensive (loss) income and recognized in interest expense consistent with the recognition of interest expense on the Company’s Term C Loans. For the three months ended March 31, 2017, realized losses of $1 million were recognized in interest expense. As of March 31, 2017, the fair value of the interest rate swaps was recorded in other current liabilities in the amount of $2 million with the unrealized loss recognized in other comprehensive (loss) income. As of March 31, 2017, the Company expects approximately $5 million to be reclassified out of accumulated other comprehensive (loss) income and into interest expense over the next twelve months. The interest rate swap fair value is considered Level 2 within the fair value hierarchy as it includes quoted prices for similar instruments as well as interest rates and yield curves that are observable in the market. 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. On January 31, 2017, the Company sold its tronc shares for net proceeds of $5 million and recognized a pretax gain of $5 million in the first quarter of 2017. As of December 31, 2016 , the fair value and cost basis was $5 million and $0 , respectively. The fair value and the cost basis of other marketable equity securities held by the Company as of March 31, 2017 were 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. Certain of the Company’s cash equivalents are held in money market funds which are valued using net asset value (“NAV”) per share, which would be considered Level 1 in the fair value hierarchy. 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): March 31, 2017 December 31, 2016 Fair Carrying Fair Carrying Cost method investments $ 26,748 $ 26,748 $ 26,748 $ 26,748 Term Loan Facility Term B Loans due 2020 $ 201,416 $ 197,497 $ 2,359,571 $ 2,312,218 Term C Loans due 2024 $ 1,773,919 $ 1,735,755 $ — $ — 5.875% Senior Notes due 2022 $ 1,148,576 $ 1,085,251 $ 1,120,482 $ 1,084,563 Dreamcatcher Credit Facility $ 13,935 $ 13,770 $ 14,952 $ 14,770 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 three months ended March 31, 2017 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 March 31, 2017 and December 31, 2016 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 March 31, 2017 and December 31, 2016 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 March 31, 2017 and December 31, 2016 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 March 31, 2017 and December 31, 2016 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	3 Months Ended
	Mar. 31, 2017
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” or “Predecessor”) 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 U.S. Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”). The Fourth Amended Joint Plan of Reorganization for Tribune Company and its Subsidiaries (as subsequently modified, the “Plan”) became effective and the Debtors emerged from Chapter 11 on December 31, 2012 (the “Effective Date”). The Bankruptcy Court entered final decrees collectively closing 106 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 . See Note 3 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2016 for additional information regarding the Debtors’ Chapter 11 cases and for a description of the terms and conditions of the Plan. Confirmation Order Appeals —Notices of appeal of the Bankruptcy Court’s order confirming the Plan (the “Confirmation Order”) were filed by (i) Aurelius Capital Management, LP, on behalf of its managed entities that were holders of the Predecessor’s senior notes and Exchangeable Subordinated Debentures due 2029 (“PHONES”); (ii) Law Debenture Trust Company of New York (“Law Debenture”) and Deutsche Bank Trust Company Americas (“Deutsche Bank”), each successor trustees under the respective indentures for the Predecessor’s senior notes; (iii) by Wilmington Trust Company, as successor indenture trustee for the PHONES, and (iv) 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”). 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. As of March 31, 2017 , each of the Confirmation Order appeals have been dismissed or otherwise resolved by a final order, with the exception of the appeals of Law Debenture and Deutsche Bank, which remain pending before the U.S. District Court for the District of Delaware. See Note 3 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2016 for a further description of the Leveraged ESOP Transactions and the Confirmation Order appeals. If the remaining appellants succeed on their appeal, the Company’s 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. Amounts and payment terms for these claims, if applicable, were established in the Plan. The Plan requires the Company to reserve cash in amounts sufficient to make certain additional payments that may become due and owing pursuant to the Plan subsequent to the Effective Date. As of March 31, 2017 , 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. As of March 31, 2017 , all but approximately 403 proofs of claim against the Debtors had been withdrawn, expunged, settled or otherwise satisfied. 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 U.S. District Court for the Southern District of New York (the “NY District Court”) in proceedings captioned In re Tribune Co. Fraudulent Conveyance Litigation . 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, 2016 for a description of the MDL proceedings. Under the Plan, the indemnity claims of the Company’s former directors and officers must be set off against any recovery by the litigation trust formed pursuant to the Plan (the “Litigation Trust”) against any of those directors and officers, and the Litigation Trust is authorized to object to the allowance of any such indemnity-type claims. The ultimate amounts to be paid in resolutions of the remaining proofs of claim, including indemnity claims, will continue to be subject to uncertainty for a period of time after the Effective Date. 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. 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. Reorganization items, net included in the Company’s unaudited Condensed Consolidated Statements of Operations primarily include professional advisory fees and other costs related to the resolution of unresolved claims and totaled less than $1 million for each of the three months ended March 31, 2017 and March 31, 2016 . The Company expects to continue to incur certain expenses pertaining to the Chapter 11 proceedings throughout 2017 and potentially in future periods. 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. As of May 10, 2017 , the Company had FCC authorization to operate 39 television stations and one AM radio station. The Company is subject to the FCC’s “Local Television Multiple Ownership Rule,” the “Newspaper Broadcast Cross Ownership Rule” and the “National Television Multiple Ownership Rule,” among others, as further described in Note 12 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2016 . 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”). On April 20, 2017, the FCC reinstated the UHF Discount (which had previously been eliminated in August 2016). The Company’s current national reach exceeds the 39% cap on an undiscounted basis, but complies with the cap on a discounted basis. In reinstating the UHF Discount, the FCC stated its intent to undertake a new rulemaking proceeding later this year during which it will consider the UHF Discount in conjunction with the national TV ownership cap. The Company cannot predict the outcome of any such proceeding, or the effect on its business. Federal legislation enacted in February 2012 authorizes the FCC to conduct a voluntary “incentive auction” 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 . On April 13, 2017, the FCC announced the conclusion of the incentive auction, the results of the reverse and forward auction and the repacking of broadcast television spectrum. The Company participated in the auction and anticipates receiving approximately $190 million in pretax proceeds resulting from the auction. The Company cannot predict the timing of FCC incentive auction payments. Any proceeds received by the Dreamcatcher stations as a result of the incentive auction are required to be first used to repay the Dreamcatcher Credit Facility. Twenty-two of the Company’s television stations (including WTTK, which operates as a satellite station of WTTV) will be required to change frequencies or otherwise modify their operations as a result of the repacking. In doing so, 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 Company cannot currently predict the effect of the repacking or any spectrum-related FCC regulatory action. As described in Note 1 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2016 , 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. 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	3 Months Ended
	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 9: INCOME TAXES In the three months ended March 31, 2017 , the Company recorded an income tax benefit from continuing operations of $52 million . The effective tax rate on pretax loss from continuing operations was 33.8% for the three months ended March 31, 2017 . The rate differs from the U.S. federal statutory rate of 35% due to state income taxes (net of federal benefit), the domestic production activities deduction, other non-deductible expenses, a $1 million benefit related to the resolution of certain federal and state income tax matters and other adjustments, and a $1 million charge related to the write-off of unrealized deferred tax assets related to stock-based compensation. In the three months ended March 31, 2016 , the Company recorded income tax expense from continuing operations of $15 million . The effective tax rate on pretax income from continuing operations was 50.2% in the three months ended March 31, 2016 . The rate differs from the U.S. federal statutory rate of 35% due to state income taxes (net of federal benefit), the domestic production activities deduction, other non-deductible expenses and a $4 million charge related to the write-off of unrealized deferred tax assets related to stock-based compensation. Chicago Cubs Transactions —As further described in Note 8 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2016 , 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 Internal Revenue Code (“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. In addition, after-tax interest on the aforementioned proposed tax and penalty through March 31, 2017 would be approximately $42 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 filed a petition in U.S. Tax Court to contest the IRS’s determination. The Company continues to pursue resolution of this disputed tax matter with the IRS. If the IRS prevails in their position, the gain on the Chicago Cubs Transactions would be 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. Any tax, interest and penalty due will be offset by tax payments made relating to this transaction subsequent to 2009. As of March 31, 2017 , the Company has paid or accrued approximately $45 million of federal and state tax payments 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 “Income Taxes,” the Company’s unaudited Condensed Consolidated Balance Sheet at March 31, 2017 and December 31, 2016 includes a deferred tax liability of $155 million and $158 million , respectively, related to the future recognition of taxable income related to the Chicago Cubs Transactions. Newsday Transactions —As further described in Note 8 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2016 , the Company formed a partnership (the “Newsday Transaction”) in 2008. The fair market value of the contributed Newsday Media Group business’ 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 from the Newsday Transactions should have been included in the Company’s 2008 taxable income. Accordingly, the IRS proposed a $190 million tax and a $38 million accuracy-related penalty. The Company disagreed with the IRS’s position and timely filed a protest in response to the IRS’s proposed tax adjustments. In addition, if the IRS prevailed, the Company also would have been subject to state income taxes, interest and penalties. 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, during the second quarter of 2016, the Company recorded a $102 million charge which was reflected as a $125 million current income tax reserve and a $23 million reduction in deferred income tax liabilities. The income tax reserve included federal and state taxes, interest and penalties while the deferred income tax benefit is primarily related to deductible interest expense. The Company also recorded $91 million of income tax expense to increase the Company’s deferred income tax liability to reflect the reduction in the tax basis of the Company’s assets. The reduction in tax basis was required to reflect the 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. During the third quarter of 2016, the Company reached an agreement with the IRS administrative appeals division regarding the Newsday transaction which applies for tax years 2008 through 2015. As a result of the final agreement, in the third quarter of 2016, the Company recorded an additional income tax benefit of $3 million to adjust the previously recorded estimate of the deferred tax liability. During the second half of 2016, the Company paid $122 million of federal taxes, state taxes (net of state refunds), interest and penalties. The payments were recorded as a reduction in the Company’s current income tax reserve described above. During the fourth quarter of 2016, the Company recorded an additional $1 million of income tax expense primarily related to the additional accrual of interest. The remaining $4 million of state tax liabilities were included in the income taxes payable account on the Company’s unaudited Condensed Consolidated Balance Sheet at March 31, 2017 and December 31, 2016 . 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 $23 million at March 31, 2017 and December 31, 2016 . The Company believes it is reasonably possible that the total amount of unrecognized tax benefits could decrease by approximately $9 million within the next twelve months due to the resolution of tax examination issues and statute of limitations expirations.

Pension And Other Retirement Pl

Pension And Other Retirement Plans	3 Months Ended
	Mar. 31, 2017
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 months ended March 31, 2017 and March 31, 2016 were as follows (in thousands): Pension Benefits Three Months Ended March 31, 2017 March 31, 2016 Service cost $ 186 $ 169 Interest cost 19,569 20,751 Expected return on plans’ assets (25,327 ) (26,913 ) Amortization of prior service costs 23 — Net periodic benefit credit $ (5,549 ) $ (5,993 ) Net periodic benefit cost related to other post retirement benefit plans was not material for all periods presented. For 2017 , 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 months ended March 31, 2017 and March 31, 2016 , the Company’s contributions were not material.

Capital Stock

Capital Stock	3 Months Ended
	Mar. 31, 2017
Equity [Abstract]
Capital Stock	NOTE 11: CAPITAL 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 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 certain ownership limitations, as further described in Note 15 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2016 , 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. The Company’s Class A Common Stock is traded on the New York Stock Exchange under the symbol “TRCO.” The Company’s Class B Common Stock and Warrants are traded on the OTC Pink market under the symbols “TRBAB” and “TRBNW,” respectively. On the Effective Date, the Company entered into the Warrant Agreement, pursuant to which the Company issued 16,789,972 Warrants to purchase Common Stock (the “Warrants”). 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 as described in Note 15 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2016 , 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 . 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 impose certain limitations on the rights of holders of Common Stock and Warrants, as further described in Note 15 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2016 . There were no conversions of the Company’s Common Stock between Class A Common Stock and Class B Common Stock during the three months ended March 31, 2017 and March 31, 2016 . During the three months ended March 31, 2017 and March 31, 2016 , 28,475 and 100,108 Warrants, respectively, were exercised for 28,475 and 100,108 shares, respectively, of Class A Common Stock. No Warrants were exercised for Class B Common Stock during the three months ended March 31, 2017 and March 31, 2016 . At March 31, 2017 , the following amounts were issued: 99,757 Warrants, 100,979,448 shares of Class A Common Stock, of which 14,102,185 were held in treasury, and 5,605 shares of Class B Common Stock. The Company has not issued any shares of preferred stock. On the Effective Date, the 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 15 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2016 for additional information relating to the Registration Rights Agreement. Common Stock Repurchases —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 2016, the Company repurchased 6,432,455 shares for $232 million at an average price of $36.08 per share. The Company repurchased no Common Stock during the three months ended March 31, 2017 . As of March 31, 2017 , the remaining authorized amount under the current authorization totaled $168 million . Under the previous stock repurchase program which commenced on October 13, 2014 and was completed by December 31, 2015, the Company had repurchased $400 million of outstanding Class A Common Stock, totaling 7,670,216 shares. The Merger Agreement does not permit the Company to repurchase shares of its Common Stock except in narrow circumstances involving payment in satisfaction of options and conversion of Class B Common Stock into Class A Common Stock. Additional information about the Merger Agreement is set forth in the Company’s Current Report on Form 8-K filed with the SEC on May 9, 2017. Special Cash Dividend —On January 2, 2017 , the Board authorized and declared a special cash dividend of $5.77 per share of Common Stock (the “2017 Special Cash Dividend”), which was paid on February 3, 2017 to holders of record of Common Stock at the close of business on January 13, 2017 . In addition, pursuant to the terms of the Warrant Agreement, the Company made a cash payment of $5.77 per Warrant on February 3, 2017 to holders of record of Warrants at the close of business on January 13, 2017 . The total aggregate payment on February 3, 2017 totaled $499 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): 2017 2016 Per Share Total Amount Per Share Total Amount First quarter $ 0.25 $ 21,742 $ 0.25 $ 23,215 On May 10, 2017, the Board declared a quarterly cash dividend on Common Stock of $0.25 per share to be paid on June 6, 2017 to holders of record of Common Stock and Warrants as of May 22, 2017. The payment of quarterly cash dividends also results in the issuance of Dividend Equivalent Units (“DEUs”) to holders of restricted stock units (“RSUs”) and performance share units (“PSUs”), as described in Note 15 and Note 16 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2016 .

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2017
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”) and the Stock Compensation Plan for Non-Employee Directors (the “Directors Plan” and, together with the Incentive Compensation Plan, the “2016 Equity Plans”) was approved by the Company’s shareholders for the purpose of granting stock awards to officers, employees and Board members of the Company and its subsidiaries, as further described in Note 16 to the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2016 . There are 5,100,000 shares of Class A Common Stock authorized for issuance under the Incentive Compensation Plan and 200,000 shares of Class A Common Stock authorized for issuance under the Directors Plan, of which 2,995,690 shares and 165,143 shares, respectively, were available for grant as of March 31, 2017 . In connection with the 2017 Special Cash Dividend and pursuant to the terms of the Company’s equity plans, the number of the Company’s outstanding equity awards and the exercise price of the non-qualified stock options (“NSOs”), were adjusted to preserve the fair value of the awards immediately before and after the 2017 Special Cash Dividend. The Company’s Class A Common Stock began trading ex-dividend on January 11, 2017 (the “Ex-dividend Date”). The conversion ratio (the “Ratio”) used to adjust the awards was based on the ratio of (a) unaffected closing price of Class A Common Stock on the day before the Ex-dividend Date to (b) the opening price of Class A Common Stock on the Ex-dividend Date. As the above adjustments were made pursuant to existing anti-dilution provisions of the Company’s equity plans, the Company did not record any incremental compensation expense related to the conversion of the equity awards. The equity awards continue to vest over the original vesting period. The impact of this award activity is separately included in the line item “Adjustments due to the 2017 Special Cash Dividend” in the tables below. The awards held as of the Ex-dividend Date were modified as follows: • Non-Qualified Stock Options - The number of NSOs outstanding as of the Ex-dividend Date was increased via the calculated Ratio and the strike price of NSOs was decreased via the Ratio in order to preserve the fair value of NSOs; • Restricted Stock Units - The number of outstanding restricted stock units (“RSUs”) as of the Ex-dividend Date was increased utilizing the calculated Ratio in order to preserve the fair value of RSUs; and • Performance Share Units - The number of outstanding performance share units (“PSUs”) as of the Ex-dividend Date was increased utilizing the calculated Ratio in order to preserve the fair value of PSUs. Stock-based compensation for the three months ended March 31, 2017 and March 31, 2016 totaled $15 million and $8 million , respectively, including the expense attributable to discontinued operations of $2 million and $1 million , respectively. For NSOs and RSUs granted prior to the 2017 Special Cash Dividend, the weighted-average exercise prices and weighted-average fair values, respectively, in the tables below reflect the historical values without giving effect to the adjustments due to the 2017 Special Cash Dividend. A summary of activity and weighted average exercise prices related to the NSOs is reflected in the table below. Three Months Ended Shares Weighted Avg. Outstanding, beginning of period 2,396,160 $ 45.82 Granted 916,245 32.01 Exercised (97,223 ) 24.53 Forfeited (302,455 ) 28.48 Cancelled (7,952 ) 52.46 Adjustment due to the 2017 Special Cash Dividend 452,738 * Outstanding, end of period 3,357,513 $ 38.04 Vested and exercisable, end of period 1,513,171 $ 45.08 * Not meaningful A summary of activity and weighted average fair values related to the RSUs is reflected in the table below. Three Months Ended Shares Weighted Avg. Outstanding, beginning of period 1,230,676 $ 40.92 Granted 530,680 31.87 Dividend equivalent units granted 7,853 37.20 Vested (520,056 ) 38.49 Dividend equivalent units vested (18,272 ) 32.19 Forfeited (269,415 ) 31.93 Dividend equivalent units forfeited (7,969 ) 31.77 Adjustment due to the 2017 Special Cash Dividend 223,698 * Outstanding and nonvested, end of period 1,177,195 $ 32.24 * Not meaningful A summary of activity and weighted average fair values related to the unrestricted stock awards is as follows: Three Months Ended Shares Weighted Avg. Fair Value Outstanding, beginning of period — $ — Granted 10,147 34.98 Vested (10,147 ) 34.98 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. Three Months Ended Shares Weighted Avg. Fair Value Outstanding, beginning of period 347,000 $ 27.23 Granted (1) 117,777 31.45 Dividend equivalent units granted 1,235 37.20 Vested (126,129 ) 35.92 Dividend equivalent units vested (3,726 ) 32.50 Forfeited (40,808 ) 33.89 Dividend equivalent units forfeited (5,319 ) 38.67 Adjustment due to the 2017 Special Cash Dividend (1)(2) 24,244 * Outstanding and nonvested, end of period 314,274 $ 22.32 * Not meaningful (1) Represents shares of PSUs for which performance targets have been established and which are deemed granted under U.S. GAAP. (2) Excludes 19,725 PSUs which have not yet been deemed granted under U.S. GAAP. As of March 31, 2017 , 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 $ 53,263 2.9

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
Earnings Per Share	NOTE 13: EARNINGS PER SHARE The Company computes earnings (loss) per common share (“EPS”) from continuing operations, discontinued operations and net earnings (loss) per common share 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. In a period when the Company’s distributed earnings exceed undistributed earnings, no allocation to participating securities or dilutive securities is performed. 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 March 31, 2017 , there were 32,988 DEUs outstanding, which will vest at the time that the underlying RSU or PSU vests. The Company computes basic EPS by dividing net (loss) income from continuing operations, income (loss) from discontinued operations, and net (loss) income, respectively, 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 (loss) income from continuing operations, income (loss) from discontinued operations, and net (loss) income, respectively, 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 months ended March 31, 2017 and March 31, 2016 , 102,217 and 258,306 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 March 31, 2017 March 31, 2016 EPS numerator: (Loss) income from continuing operations, as reported $ (101,212 ) $ 15,102 Less: Dividends distributed to Warrants 25 48 Less: Undistributed earnings allocated to Warrants — — (Loss) income from continuing operations attributable to common shareholders for basic EPS $ (101,237 ) $ 15,054 Add: Undistributed earnings allocated to dilutive securities — — (Loss) income from continuing operations attributable to common shareholders for diluted EPS $ (101,237 ) $ 15,054 Income (loss) from discontinued operations attributable to common shareholders for basic and diluted EPS $ 15,618 $ (4,009 ) Net (loss) income attributable to common shareholders for basic EPS $ (85,619 ) $ 11,045 Net (loss) income attributable to common shareholders for diluted EPS $ (85,619 ) $ 11,045 EPS denominator: Weighted average shares outstanding - basic 86,632 92,491 Impact of dilutive securities — 132 Weighted average shares outstanding - diluted 86,632 92,623 Basic (Loss) Earnings Per Common Share from: Continuing Operations $ (1.17 ) $ 0.16 Discontinued Operations 0.18 (0.04 ) Net (Loss) Earnings Per Common Share $ (0.99 ) $ 0.12 Diluted (Loss) Earnings Per Common Share Continuing Operations $ (1.17 ) $ 0.16 Discontinued Operations 0.18 (0.04 ) Net (Loss) Earnings Per Common Share $ (0.99 ) $ 0.12 Since the Company was in a net loss position for the three months ended March 31, 2017, there was no difference between the number of shares used to calculate basic and diluted loss per share in the period. Because of their anti-dilutive effect, 2,802,923 and 2,624,524 common share equivalents, comprised of NSOs, PSUs, Supplemental PSUs and RSUs, have been excluded from the diluted EPS calculation for the three months ended March 31, 2017 and March 31, 2016 , respectively.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2017
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	NOTE 14: ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME Accumulated other comprehensive (loss) income (“AOCI”) is a separate component of shareholders’ equity in the Company’s unaudited Condensed Consolidated Balance Sheets. The following table summarizes the changes in AOCI, net of taxes by component for the three months ended March 31, 2017 (in thousands): Pension and Other Post-Retirement Benefit Items Marketable Securities Cash Flow Hedging Instruments Foreign Currency Translation Adjustments Total Balance at December 31, 2016 $ (64,883 ) $ 3,075 $ — $ (19,974 ) $ (81,782 ) Other comprehensive income (loss) before reclassifications — (94 ) (2,088 ) 3,169 987 Amounts reclassified from AOCI (44 ) (3,042 ) 788 8,954 6,656 Balance at March 31, 2017 $ (64,927 ) $ (61 ) $ (1,300 ) $ (7,851 ) $ (74,139 )

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 15: RELATED PARTY TRANSACTIONS The Secured Credit Facility syndicate of lenders includes funds affiliated with Oaktree. These funds held $31 million of the Company’s Term C Loans and Former Term B Loans at both March 31, 2017 and December 31, 2016 .

Business Segments

Business Segments	3 Months Ended
	Mar. 31, 2017
Segment Reporting [Abstract]
Business Segments	NOTE 16: BUSINESS SEGMENTS The following table summarizes business segment financial data for the three months ended March 31, 2017 and March 31, 2016 (in thousands): Three Months Ended March 31, 2017 March 31, 2016 Operating Revenues from Continuing Operations (1) Television and Entertainment $ 436,033 $ 455,875 Corporate and Other 3,877 12,597 Total operating revenues $ 439,910 $ 468,472 Operating profit (loss) from Continuing Operations (1)(2) Television and Entertainment $ 20,013 $ 58,605 Corporate and Other (35,245 ) (28,613 ) Total operating (loss) profit $ (15,232 ) $ 29,992 Depreciation from Continuing Operations (3) Television and Entertainment $ 10,039 $ 11,017 Corporate and Other 3,532 3,425 Total depreciation $ 13,571 $ 14,442 Amortization from Continuing Operations (3) Television and Entertainment $ 41,659 $ 41,665 Capital Expenditures: Television and Entertainment $ 10,807 $ 6,833 Corporate and Other 2,249 6,092 Discontinued Operations 1,578 4,923 Total capital expenditures $ 14,634 $ 17,848 March 31, 2017 December 31, 2016 Assets: Television and Entertainment $ 7,263,209 $ 7,484,591 Corporate and Other 872,416 1,228,526 Assets held for sale (4) 16,356 17,176 Discontinued Operations — 670,758 Total assets $ 8,151,981 $ 9,401,051 (1) See Note 2 for the disclosures of operating revenues and operating profit included in discontinued operations for the historical periods. (2) Operating profit (loss) for each segment excludes income and loss on equity investments, interest and dividend income, interest expense, non-operating items, reorganization costs and income taxes. (3) Depreciation and amortization from discontinued operations totaled $3 million and $8 million , respectively, for the three months ended March 31, 2016. (4) See Note 3 for information regarding real estate assets held for sale.

Condensed Consolidating Financi

Condensed Consolidating Financial Information	3 Months Ended
	Mar. 31, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Financial Information	NOTE 17: CONDENSED CONSOLIDATING FINANCIAL STATEMENTS The Company is the issuer of the Notes (see Note 6 ) and such debt is guaranteed by the Company’s subsidiary guarantors (the “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. On January 31, 2017, the Company completed the Gracenote Sale, as further described in Note 2 . The Gracenote Sale included certain Subsidiary Guarantors as well as Non-Guarantor Subsidiaries. The results of operations of these entities are included in their respective categories through the date of sale. In lieu of providing separate audited financial statements for the Subsidiary Guarantors, the Company has included the accompanying unaudited condensed consolidating financial statements in accordance with the requirements of Rule 3-10(f) of SEC Regulation S-X. The following unaudited Condensed Consolidating Financial Statements present the Consolidated Balance Sheets, Consolidated Statements of Operations and Comprehensive Income (Loss) 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 MARCH 31, 2017 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Operating Revenues $ — $ 437,487 $ 2,423 $ — $ 439,910 Programming and direct operating expenses — 239,232 821 — 240,053 Selling, general and administrative 32,967 126,089 803 — 159,859 Depreciation and amortization 2,948 49,162 3,120 — 55,230 Total Operating Expenses 35,915 414,483 4,744 — 455,142 Operating (Loss) Profit (35,915 ) 23,004 (2,321 ) — (15,232 ) (Loss) income on equity investments, net (469 ) 37,506 — — 37,037 Interest and dividend income 482 23 — — 505 Interest expense (38,592 ) — (166 ) — (38,758 ) Loss on extinguishment and modification of debt (19,052 ) — — — (19,052 ) Gain on investment transaction 4,950 — — — 4,950 Write-down of investment — (122,000 ) — — (122,000 ) Other non-operating items (276 ) — — — (276 ) Intercompany income (charges) 28,218 (28,151 ) (67 ) — — Loss from Continuing Operations Before Income Taxes and Earnings (Losses) from Consolidated Subsidiaries (60,654 ) (89,618 ) (2,554 ) — (152,826 ) Income tax benefit (23,715 ) (26,941 ) (958 ) — (51,614 ) (Deficit) equity in earnings of consolidated subsidiaries, net of taxes (64,273 ) (226 ) — 64,499 — (Loss) Income from Continuing Operations $ (101,212 ) $ (62,903 ) $ (1,596 ) $ 64,499 $ (101,212 ) Income (Loss) from Discontinued Operations, net of taxes 15,618 (1,904 ) 807 1,097 15,618 Net (Loss) Income $ (85,594 ) $ (64,807 ) $ (789 ) $ 65,596 $ (85,594 ) Comprehensive (Loss) Income $ (77,951 ) $ (62,931 ) $ 10,578 $ 52,353 $ (77,951 ) TRIBUNE MEDIA COMPANY AND SUBSIDIARIES COMPREHENSIVE INCOME (LOSS) THREE MONTHS ENDED MARCH 31, 2016 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Operating Revenues $ — $ 465,970 $ 2,502 $ — $ 468,472 Programming and direct operating expenses — 220,527 1,212 — 221,739 Selling, general and administrative 25,429 134,386 819 — 160,634 Depreciation and amortization 2,569 50,358 3,180 — 56,107 Total Operating Expenses 27,998 405,271 5,211 — 438,480 Operating (Loss) Profit (27,998 ) 60,699 (2,709 ) — 29,992 (Loss) income on equity investments, net (720 ) 38,972 — — 38,252 Interest and dividend income 91 41 — — 132 Interest expense (37,894 ) — (247 ) — (38,141 ) Other non-operating items 62 — — — 62 Intercompany income (charges) 21,992 (21,936 ) (56 ) — — (Loss) Income from Continuing Operations Before Income Taxes and Earnings (Losses) from Consolidated Subsidiaries (44,467 ) 77,776 (3,012 ) — 30,297 Income tax (benefit) expense (17,324 ) 33,660 (1,141 ) — 15,195 Equity (deficit) in earnings of consolidated subsidiaries, net of taxes 42,245 (749 ) — (41,496 ) — Income (Loss) from Continuing Operations $ 15,102 $ 43,367 $ (1,871 ) $ (41,496 ) $ 15,102 (Loss) Income from Discontinued Operations, net of taxes (4,009 ) (2,731 ) 1,383 1,348 (4,009 ) Net Income (Loss) $ 11,093 $ 40,636 $ (488 ) $ (40,148 ) $ 11,093 Comprehensive Income (Loss) $ 14,730 $ 40,739 $ 3,449 $ (44,188 ) $ 14,730 TRIBUNE MEDIA COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS AS OF MARCH 31, 2017 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Assets Current Assets Cash and cash equivalents $ 342,957 $ 1,381 $ 1,883 $ — $ 346,221 Restricted cash and cash equivalents 17,566 — — — 17,566 Accounts receivable, net 1,184 382,795 588 — 384,567 Broadcast rights — 135,533 1,648 — 137,181 Income taxes receivable — 7,897 — — 7,897 Prepaid expenses 9,313 22,544 227 — 32,084 Other 9,716 1,822 — — 11,538 Total current assets 380,736 551,972 4,346 — 937,054 Properties Property, plant and equipment 55,762 521,699 109,076 — 686,537 Accumulated depreciation (24,412 ) (167,368 ) (6,345 ) — (198,125 ) Net properties 31,350 354,331 102,731 — 488,412 Investments in subsidiaries 9,962,162 56,249 — (10,018,411 ) — Other Assets Broadcast rights — 148,768 64 — 148,832 Goodwill — 3,220,300 7,747 — 3,228,047 Other intangible assets, net — 1,690,765 86,595 — 1,777,360 Assets held for sale — 16,356 — — 16,356 Investments 13,453 1,442,162 17,895 — 1,473,510 Intercompany receivables 2,282,927 5,810,551 352,870 (8,446,348 ) — Other 124,675 75,549 2,823 (120,637 ) 82,410 Total other assets 2,421,055 12,404,451 467,994 (8,566,985 ) 6,726,515 Total Assets $ 12,795,303 $ 13,367,003 $ 575,071 $ (18,585,396 ) $ 8,151,981 TRIBUNE MEDIA COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS AS OF MARCH 31, 2017 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Liabilities and Shareholders’ Equity (Deficit) Current Liabilities Accounts payable $ 25,182 $ 22,826 $ 1,531 $ — $ 49,539 Debt due within one year 13,870 — 4,006 — 17,876 Income taxes payable — 97,137 (3 ) — 97,134 Contracts payable for broadcast rights — 218,178 1,846 — 220,024 Deferred revenue — 11,923 107 — 12,030 Interest payable 13,871 — 2 — 13,873 Other 37,274 49,289 282 — 86,845 Total current liabilities 90,197 399,353 7,771 — 497,321 Non-Current Liabilities Long-term debt 3,004,633 — 9,764 — 3,014,397 Deferred income taxes — 823,944 158,183 (120,637 ) 861,490 Contracts payable for broadcast rights — 292,198 66 — 292,264 Intercompany payables 6,282,611 1,910,337 253,400 (8,446,348 ) — Other 466,211 62,710 20 — 528,941 Total non-current liabilities 9,753,455 3,089,189 421,433 (8,566,985 ) 4,697,092 Total liabilities 9,843,652 3,488,542 429,204 (8,566,985 ) 5,194,413 Shareholders’ Equity (Deficit) Common stock 101 — — — 101 Treasury stock (632,194 ) — — — (632,194 ) Additional paid-in-capital 4,051,836 9,037,427 200,304 (9,237,731 ) 4,051,836 Retained (deficit) earnings (393,953 ) 847,858 (59,327 ) (788,531 ) (393,953 ) Accumulated other comprehensive (loss) income (74,139 ) (6,824 ) (1,027 ) 7,851 (74,139 ) Total Tribune Media Company shareholders’ equity (deficit) 2,951,651 9,878,461 139,950 (10,018,411 ) 2,951,651 Noncontrolling interests — — 5,917 — 5,917 Total shareholders’ equity (deficit) 2,951,651 9,878,461 145,867 (10,018,411 ) 2,957,568 Total Liabilities and Shareholders’ Equity (Deficit) $ 12,795,303 $ 13,367,003 $ 575,071 $ (18,585,396 ) $ 8,151,981 TRIBUNE MEDIA COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS AS OF DECEMBER 31, 2016 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Assets Current Assets Cash and cash equivalents $ 574,638 $ 720 $ 2,300 $ — $ 577,658 Restricted cash and cash equivalents 17,566 — — — 17,566 Accounts receivable, net 198 428,254 660 — 429,112 Broadcast rights — 155,266 2,551 — 157,817 Income taxes receivable — 9,056 — — 9,056 Current assets of discontinued operations — 37,300 25,305 — 62,605 Prepaid expenses 11,640 24,074 148 — 35,862 Other 4,894 1,729 1 — 6,624 Total current assets 608,936 656,399 30,965 — 1,296,300 Properties Property, plant and equipment 55,529 547,601 107,938 — 711,068 Accumulated depreciation (21,635 ) (159,472 ) (6,041 ) — (187,148 ) Net properties 33,894 388,129 101,897 — 523,920 Investments in subsidiaries 10,502,544 106,486 — (10,609,030 ) — Other Assets Broadcast rights — 153,374 83 — 153,457 Goodwill — 3,220,300 7,630 — 3,227,930 Other intangible assets, net — 1,729,829 89,305 — 1,819,134 Non-current assets of discontinued operations — 514,200 93,953 — 608,153 Assets held for sale — 17,176 — — 17,176 Investments 19,079 1,637,909 17,895 — 1,674,883 Intercompany receivables 2,326,261 5,547,542 358,834 (8,232,637 ) — Intercompany loan receivable 27,000 — — (27,000 ) — Other 51,479 75,191 2,707 (49,279 ) 80,098 Total other assets 2,423,819 12,895,521 570,407 (8,308,916 ) 7,580,831 Total Assets $ 13,569,193 $ 14,046,535 $ 703,269 $ (18,917,946 ) $ 9,401,051 TRIBUNE MEDIA COMPANY AND SUBSIDIARIES AS OF DECEMBER 31, 2016 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Liabilities and Shareholders’ Equity (Deficit) Current Liabilities Accounts payable $ 29,827 $ 29,703 $ 1,023 $ — $ 60,553 Debt due within one year 15,921 — 4,003 — 19,924 Income taxes payable — 21,130 36 — 21,166 Contracts payable for broadcast rights — 238,497 2,758 — 241,255 Deferred revenue — 13,593 97 — 13,690 Interest payable 30,301 — 4 — 30,305 Current liabilities of discontinued operations — 44,763 9,521 — 54,284 Other 38,867 70,589 220 — 109,676 Total current liabilities 114,916 418,275 17,662 — 550,853 Non-Current Liabilities Long-term debt 3,380,860 — 10,767 — 3,391,627 Intercompany loan payable — 27,000 — (27,000 ) — Deferred income taxes — 871,923 161,604 (49,279 ) 984,248 Contracts payable for broadcast rights — 314,755 85 — 314,840 Intercompany payables 6,065,424 1,912,259 254,954 (8,232,637 ) — Other 468,227 50,239 20 — 518,486 Non-current liabilities of discontinued operations — 86,517 8,797 — 95,314 Total non-current liabilities 9,914,511 3,262,693 436,227 (8,308,916 ) 5,304,515 Total Liabilities 10,029,427 3,680,968 453,889 (8,308,916 ) 5,855,368 Shareholders’ Equity (Deficit) Common stock 100 — — — 100 Treasury stock (632,207 ) — — — (632,207 ) Additional paid-in-capital 4,561,760 9,486,179 289,818 (9,775,997 ) 4,561,760 Retained (deficit) earnings (308,105 ) 888,088 (33,961 ) (854,127 ) (308,105 ) Accumulated other comprehensive (loss) income (81,782 ) (8,700 ) (12,394 ) 21,094 (81,782 ) Total Tribune Media Company shareholders’ equity (deficit) 3,539,766 10,365,567 243,463 (10,609,030 ) 3,539,766 Noncontrolling interests — — 5,917 — 5,917 Total shareholders’ equity (deficit) 3,539,766 10,365,567 249,380 (10,609,030 ) 3,545,683 Total Liabilities and Shareholders’ Equity (Deficit) $ 13,569,193 $ 14,046,535 $ 703,269 $ (18,917,946 ) $ 9,401,051 TRIBUNE MEDIA COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31, 2017 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Net cash (used in) provided by operating activities $ (133,188 ) $ 209,446 $ (1,045 ) $ — $ 75,213 Investing Activities Capital expenditures (1,413 ) (12,468 ) (753 ) — (14,634 ) Net proceeds from the sale of business 571,749 (5,249 ) (11,775 ) — 554,725 Proceeds from sales of real estate and other assets — 44,315 — — 44,315 Proceeds from the sale of investment 4,950 — — — 4,950 Net cash provided by (used in) investing activities 575,286 26,598 (12,528 ) — 589,356 Financing Activities Long-term borrowings 202,694 — — — 202,694 Repayments of long-term debt (583,232 ) — (1,013 ) — (584,245 ) Long-term debt issuance costs (1,689 ) — — — (1,689 ) Payment of dividends (520,849 ) — — — (520,849 ) Tax withholdings related to net share settlements of share-based awards (7,053 ) — — — (7,053 ) Proceeds from stock option exercises 2,385 — — — 2,385 Change in intercompany receivables and payables (1) 233,965 (239,190 ) 5,225 — — Net cash (used in) provided by financing activities (673,779 ) (239,190 ) 4,212 — (908,757 ) Net (Decrease) in Cash and Cash Equivalents (231,681 ) (3,146 ) (9,361 ) — (244,188 ) Cash and cash equivalents, beginning of year 574,638 4,527 11,244 — 590,409 Cash and cash equivalents, end of year $ 342,957 $ 1,381 $ 1,883 $ — $ 346,221 (1) Excludes the impact of a $54 million non-cash settlement of intercompany balances upon the sale of certain Guarantor and Non-Guarantor subsidiaries included in the Gracenote Sale. TRIBUNE MEDIA COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31, 2016 (In thousands of dollars) Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Net cash (used in) provided by operating activities $ (56,143 ) $ 181,150 $ (2,708 ) $ — $ 122,299 Investing Activities Capital expenditures (4,336 ) (12,115 ) (1,397 ) — (17,848 ) Investments — (88 ) — — (88 ) Proceeds from sales of real estate and other assets — 805 681 — 1,486 Transfers from restricted cash — 4 — — 4 Intercompany dividends 3,326 — — (3,326 ) — Net cash used in investing activities (1,010 ) (11,394 ) (716 ) (3,326 ) (16,446 ) Financing Activities Repayments of long-term debt (5,948 ) — (1,012 ) — (6,960 ) Long-term debt issuance costs (622 ) — — — (622 ) Payments of dividends (23,215 ) — — — (23,215 ) Common stock repurchases (8,938 ) — — — (8,938 ) Tax withholdings related to net share settlements of share-based awards (4,126 ) — — — (4,126 ) Intercompany dividends — (3,326 ) — 3,326 — Change in intercompany receivables and payables (1) 164,960 (169,323 ) 4,363 — — Net cash provided by (used in) financing activities 122,111 (172,649 ) 3,351 3,326 (43,861 ) Net Increase (Decrease) in Cash and Cash Equivalents 64,958 (2,893 ) (73 ) — 61,992 Cash and cash equivalents, beginning of year 235,508 13,054 14,082 — 262,644 Cash and cash equivalents, end of year $ 300,466 $ 10,161 $ 14,009 $ — $ 324,636 (1) Excludes the impact of a $56 million non-cash settlement of intercompany balances upon dissolution of certain Guarantor subsidiaries.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2017
Subsequent Events [Abstract]
Subsequent Events	NOTE 18: SUBSEQUENT EVENTS On May 8, 2017, the Company entered into the Merger Agreement with Sinclair, providing for the acquisition by Sinclair of all of the outstanding shares of the Company’s Common Stock by means of a merger of a wholly owned subsidiary of Sinclair with and into Tribune Media Company, with the Company surviving the Merger as a wholly owned subsidiary of Sinclair. In the Merger, each share of Tribune Media Company Common Stock will be converted into the right to receive (i) $35.00 in cash, without interest and less any required withholding taxes (such amount, the “Cash Consideration”), and (ii) 0.2300 (the “Exchange Ratio”) of a validly issued, fully paid and nonassessable share of Class A common stock, $0.01 par value per share (the “Sinclair Common Stock”), of Sinclair (the “Stock Consideration”, and together with the Cash Consideration, the “Merger Consideration”). The Merger Agreement provides that each holder of an outstanding Tribune Media Company stock option (whether or not vested) will receive, for each share of the Company’s Common Stock subject to the such stock option, a cash payment equal to the excess, if any, of the value of the Merger Consideration (with the Stock Consideration valued over a specified period prior to the consummation of the Merger) and the exercise price per share of such option, without interest and subject to all applicable withholding. Each outstanding Tribune Media Company restricted stock unit award will be converted into a cash-settled restricted stock unit award reflecting a number of shares of Sinclair Common Stock equal to the number of shares of the Company’s Common Stock subject to such award multiplied by a ratio equal to (i) the Exchange Ratio plus (ii) the Cash Consideration divided by the trading value of the Sinclair Common Stock over a specified period prior to the consummation of the Merger. Otherwise, each such award will continue to subject to the same terms and conditions as such award was subject prior to the Merger. Each outstanding Tribune Media Company performance stock unit (other than supplemental performance stock units) will automatically become vested at “target” level of performance and will be entitled to receive an amount of cash equal to the number of shares of the Company’s Common Stock that are subject to such unit as so vested multiplied by the sum of (i) the Cash Consideration and (ii) the Exchange Ratio multiplied by the trading value of the Sinclair Common Stock over a specified period prior to the consummation of the Merger without interest and subject to all applicable withholding. Each holder of an outstanding Tribune Media Company supplemental performance stock unit that will vest in accordance with its existing terms will be entitled to receive an amount of cash equal to the number of shares of the Company’s Common Stock that are subject to such unit as so vested multiplied by the sum of (i) the Cash Consideration and (ii) the Exchange Ratio multiplied by the trading value of the Sinclair Common Stock over a specified period prior to the consummation of the Merger without interest and subject to all applicable withholding. Any supplemental performance stock units that do not vest will be canceled without any consideration. Each holder of an outstanding Tribune Media Company deferred stock unit will be entitled to receive an amount of cash equal to the number of shares of the Company’s Common Stock that are subject to such unit as so vested multiplied by the sum of (i) the Cash Consideration and (ii) the Exchange Ratio multiplied by the trading value of the Sinclair Common Stock over a specified period prior to the consummation of the Merger without interest and subject to all applicable withholding. Each outstanding Tribune Media Company Warrant will become a Warrant exercisable, at its current exercise price, for the Merger Consideration in respect of each share of the Company’s Common Stock subject to the Warrant prior to the Merger. The consummation of the Merger is subject to the satisfaction or waiver of certain customary conditions, including, among others: (i) the approval of the Merger by the stockholders of Tribune Media Company, (ii) the receipt of approval from the Federal Communications Commission and the expiration or termination of the waiting period applicable to the Merger under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, (iii) the effectiveness of a registration statement on Form S-4 registering the Sinclair Common Stock to be issued in connection with the Merger and no stop order or proceedings seeking the same have been initiated by the Securities and Exchange Commission, (iv) the listing of the Sinclair Common Stock to be issued in the Merger on the NASDAQ Global Select Market and (v) the absence of certain legal impediments to the consummation of the Merger. Sinclair’s and Tribune Media Company’s respective obligation to consummate the Merger are also subject to certain additional customary conditions, including (i) material accuracy of representations and warranties of the other party, (ii) performance by the other party of its covenants in all material respects and (iii) since the date of the Merger Agreement, no material adverse effect with respect to the other party having occurred. Additional information about the Merger Agreement is set forth in our Current Report on Form 8-K filed with the SEC on May 9, 2017.

Basis Of Presentation And Sig29

Basis Of Presentation And Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2017
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, 2016 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 March 31, 2017 and the results of operations and cash flows for the three months ended March 31, 2017 and March 31, 2016 . 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 January 31, 2017, the Company completed the Gracenote Sale (as defined below). The historical results of operations for the businesses included in the Gracenote Sale are presented in discontinued operations for all periods presented (see Note 2 ). Unless indicated otherwise, the information in the notes to the accompanying unaudited condensed consolidated financial statements relates to the Company’s continuing operations. On May 8, 2017, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Sinclair Broadcast Group, Inc. (“Sinclair”), providing for the acquisition by Sinclair of all of the outstanding shares of the Company’s Class A common stock (“Class A Common Stock”) and Class B common stock (“Class B Common Stock” and, together with the Class A Common Stock, the “Common Stock”) by means of a merger of a wholly owned subsidiary of Sinclair with and into Tribune Media Company (the “Merger”), with the Company surviving the Merger as a wholly owned subsidiary of Sinclair, as further described in Note 18 .
Change in Accounting Principles	Change in Accounting Principles —In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2016-09, “Compensation - Stock Compensation (Topic 718).” The Company adopted ASU 2016-09 on January 1, 2017. The Company made a policy election to account for forfeitures of equity awards as they occur and implemented this provision using a modified retrospective transition method. The cumulative-effect adjustment to retained earnings in the first quarter of 2017 as a result of this election was immaterial. The Company adopted the other provisions of ASU 2016-09 on a prospective basis. The adoption of these provisions did not have a material impact on the Company’s unaudited condensed consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, “Intangibles - Goodwill and Other (Topic 350).” The Company adopted the standard on a prospective basis, effective January 1, 2017. The standard simplifies the subsequent measure of goodwill by eliminating Step 2 from the goodwill impairment test. Under ASU 2017-04, companies should recognize an impairment charge for the amount the carrying amount exceeds the reporting unit’s fair value. However, the loss recognized cannot exceed the total goodwill allocated to that reporting unit. The adoption of this standard did not have a material impact on the Company’s unaudited condensed consolidated financial statements.
Derivative Instruments	Derivative Instruments —The Company’s earnings and cash flows are subject to fluctuations due to changes in interest rates. The Company’s risk management policy allows for the use of derivative financial instruments to manage interest rate exposures and does not permit derivatives to be used for speculative purposes. The Company formally documents all relationships between hedging instruments and hedged items, as well as the risk-management objective and strategy for undertaking various hedge transactions. This process includes linking the derivatives designated as cash flow hedges to specific forecasted transactions or variability of cash flow. The Company also formally assesses, both at the hedge’s inception and on an ongoing basis, whether the designated derivatives that are used in hedging transactions are highly effective in offsetting changes in the cash flow of hedged items as well as monitors the credit worthiness of the counterparties to ensure no issues exist which would affect the value of the derivatives. When a derivative is determined not to be highly effective as a hedge or the underlying hedged transaction is no longer probable, the Company discontinues hedge accounting prospectively, in accordance with derecognition criteria for hedge accounting. The Company records derivative financial instruments at fair value in its unaudited Condensed Consolidated Balance Sheets in either other current liabilities or other noncurrent assets. Changes in the fair value of a derivative that is designated as a cash flow hedge, to the extent that the hedge is effective, are recorded in accumulated other comprehensive (loss) income and reclassified to earnings when the hedged item affects earnings. Cash flows from derivative financial instruments are classified in the unaudited Condensed Consolidated Statements of Cash Flows based on the nature of the derivative contract.
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 March 2017, the FASB issued ASU No. 2017-07, “Compensation - Retirement Benefits (Topic 715).” The standard changes how employers that sponsor defined benefit pension and/or other postretirement benefit plans present the net periodic benefit cost in the statement of operations. Under the new guidance, employers are required to present the service cost component of net periodic benefit cost in the same statement of operations caption as other employee compensation costs arising from services rendered during the period. Employers are required to present the other components of the net periodic benefit cost separately from the caption that includes the service costs and outside of any subtotal of operating profit and are required to disclose the caption used to present the other components of net periodic benefit cost, if not presented separately on the statement of operations. Additionally, only the service cost component will be eligible for capitalization in assets. The standard is effective for fiscal years beginning after December 15, 2017, and the interims periods within those fiscal years. Early adoption is permitted. The amendments in ASU 2017-07 must be applied retrospectively. Upon adoption, the Company is required to provide the relevant disclosures under Topic 250, Accounting Changes and Error Corrections. The Company is currently evaluating the impact of adopting ASU 2017-07 on its consolidated financial statements. In February 2017, the FASB issued ASU No. 2017-05, “Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20).” The standard clarifies that ASC 610-20 provides guidance for recognizing gains and losses from the transfer of nonfinancial assets and in substance nonfinancial assets in contracts with noncustomers. As a result of the new guidance, the guidance specific to real estate sales in ASC 360-20 will be eliminated. Instead, sales and partial sales of real estate will be subject to the same recognition model as all other nonfinancial assets. The standard is effective for fiscal years beginning after December 15, 2017, and the interim periods within those fiscal periods. Early adoption is permitted. The amendments in ASU 2017-05 may be applied either retrospectively to each prior period presented or retrospectively with the cumulative effect of initially applying ASU 2017-05 at the date of initial application. The Company is currently evaluating the method and the impact of adopting ASU 2017-05 on its consolidated financial statements. In November 2016, the FASB issued ASU No. 2016-18, “Statement of Cash Flows (Topic 230).” The standard addresses the diversity in classification and presentation of changes in restricted cash on the statement of cash flows. The standard requires restricted cash and restricted cash equivalents to be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. In addition, transfers between cash, cash equivalents and amounts generally described as restricted cash or restricted cash equivalents are not reported as cash flow activities. The standard also requires additional disclosures related to a reconciliation of the balance sheet line items related to cash, cash equivalents, restricted cash and restricted cash equivalents to the statement of cash flows, which can be presented either on the face of the statement of cash flows or separately in the notes to the financial statements. The amendments in this ASU should be applied using a retrospective transition method to each period presented. The standard is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted. The adoption on this standard is not expected to have a material impact on the Company’s consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15, “Statement of Cash Flows (Topic 230).” The standard addresses several specific cash flow issues with the objective of reducing the existing diversity in practice in how certain cash activities are presented and classified in the statement of cash flows. The cash flow issues addressed include debt prepayment or extinguishment costs, settlement of debt instruments with coupon rates that are insignificant in relation to the effective interest rate of the borrowing, contingent consideration payments made after a business combination, distributions received from equity method investees and cash receipts and payments that may have aspects of more than one class of cash flows. The standard is effective for fiscal years beginning after December 15, 2017, 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 impact of adopting ASU 2016-15 on its consolidated financial statements. In June 2016, the FASB issued ASU No. 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 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, and 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, and 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. In December 2016, the FASB issued ASU No. 2016-20, “Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers,” to clarify or to correct unintended application of the Topic 606, including disclosure requirements related to performance obligations. The amendments in ASU 2014-09, ASU 2016-08, ASU 2016-10, ASU 2016-12 and ASU 2016-20 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, ASU 2016-12 and ASU 2016-20 at the date of initial application. The Company is currently evaluating the impact of adopting ASU 2014-09, ASU 2016-08, ASU 2016-10, ASU 2016-12 and ASU 2016-20 on its consolidated financial statements. The Company is finalizing the initial assessment phase of the new standard and expects to adopt the standard under the modified retrospective approach. Additionally, the Company has determined that under the new standard, certain barter revenue and the related expense will no longer be recognized. The Company is continuing to evaluate the impact of adopting the standard.

Basis Of Presentation And Sig30

Basis Of Presentation And Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2017
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 March 31, 2017 and December 31, 2016 include the following assets and liabilities of the Dreamcatcher stations (in thousands): March 31, 2017 December 31, 2016 Property, plant and equipment, net $ 68 $ 91 Broadcast rights 1,712 2,634 Other intangible assets, net 79,810 82,442 Other assets 208 134 Total Assets $ 81,798 $ 85,301 Debt due within one year $ 4,006 $ 4,003 Contracts payable for broadcast rights 1,846 2,758 Long-term debt 9,764 10,767 Other liabilities 66 85 Total Liabilities $ 15,682 $ 17,613

Discontinued Operations (Tables

Discontinued Operations (Tables) - Gracenote Companies	3 Months Ended
	Mar. 31, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Groups, Including Discontinued Operations	The following table shows the components of the results from discontinued operations associated with the Gracenote Sale as reflected in the Company’s unaudited Condensed Consolidated Statements of Operations (in thousands): Three Months Ended March 31, 2017 (1) March 31, 2016 Operating revenues $ 18,168 $ 52,592 Direct operating expenses 7,292 16,694 Selling, general and administrative 15,349 28,065 Depreciation (2) — 2,896 Amortization (2) — 7,713 Operating loss (4,473 ) (2,776 ) Interest income 16 13 Interest expense (3) (1,261 ) (3,835 ) Loss before income taxes (5,718 ) (6,598 ) Pretax gain on the disposal of discontinued operations 35,462 — Total pretax gain (loss) on discontinued operations 29,744 (6,598 ) Income tax expense (benefit) (4) 14,126 (2,589 ) Gain (loss) from discontinued operations, net of taxes $ 15,618 $ (4,009 ) (1) Results of operations for the Gracenote Companies are reflected through January 31, 2017, the date of the Gracenote Sale. (2) No depreciation expense or amortization expense was recorded by the Company in 2017 as the Gracenote Companies’ assets were held for sale as of December 31, 2016. (3) The Company used $400 million of proceeds from the Gracenote Sale to pay down a portion of its outstanding borrowings under the Company’s Term Loan Facility (as defined and described in Note 6 ). Interest expense associated with the Company’s outstanding Term Loan Facility was allocated to discontinued operations based on the ratio of the $400 million prepayment to the total outstanding indebtedness under the Term Loan Facility in effect in each respective period. (4) The effective tax rates on pretax income from discontinued operations were 47.5% and 39.2% for the three months ended March 31, 2017 and March 31, 2016 , respectively. The 2017 rate differs from the U.S. federal statutory rate of 35% primarily due to state income taxes (net of federal benefit), foreign tax rate differences, and an adjustment relating to the sale of the Gracenote Companies. The 2016 rate differs from the U.S. federal statutory rate of 35% primarily due to state income taxes (net of federal benefit) and foreign tax rate differences.
Net Assets Classified as Held for Sale	The following is a summary of the assets and liabilities of discontinued operations (in thousands): December 31, 2016 Carrying Amounts of Major Classes of Current Assets Included as Part of Discontinued Operations Cash and cash equivalents $ 12,751 Accounts receivable, net 38,727 Prepaid expenses and other 11,127 Total current assets of discontinued operations 62,605 Carrying Amounts of Major Classes of Non-Current Assets Included as Part of Discontinued Operations Property, plant and equipment, net 49,348 Goodwill 333,258 Other intangible assets, net 219,287 Other long-term assets 6,260 Total non-current assets of discontinued operations 608,153 Total Assets Classified as Discontinued Operations in the Unaudited Condensed Consolidated Balance Sheets $ 670,758 Carrying Amounts of Major Classes of Current Liabilities Included as Part of Discontinued Operations Accounts payable $ 6,237 Employee compensation and benefits 17,011 Deferred revenue 27,113 Accrued expenses and other current liabilities 3,923 Total current liabilities of discontinued operations 54,284 Carrying Amounts of Major Classes of Non-Current Liabilities Included as Part of Discontinued Operations Deferred income taxes 89,029 Postretirement, medical, life and other benefits 2,786 Other obligations 3,499 Total non-current liabilities discontinued operations 95,314 Total Liabilities Classified as Discontinued Operations in the Unaudited Condensed Consolidated Balance Sheets $ 149,598 Net Assets Classified as Discontinued Operations $ 521,160
Cash Flows of Disposal Group	The following table represents the components of the results from discontinued operations associated with the Gracenote Sale as reflected in the Company’s unaudited Condensed Consolidated Statements of Cash Flows (in thousands): Three Months Ended March 31, 2017 (1) March 31, 2016 Significant operating non-cash items: Stock-based compensation $ 1,992 $ 989 Depreciation (2) — 2,896 Amortization (2) — 7,713 Significant investing items (3): Capital expenditures 1,578 4,923 Net proceeds from the sale of business (4) 554,725 — (1) Results of operations for the Gracenote Companies are reflected through January 31, 2017, the date of the Gracenote Sale. (2) No depreciation expense or amortization expense was recorded by the Company in 2017 as the Gracenote Companies’ assets were held for sale as of December 31, 2016. (3) Non-cash investing and financing activities of Digital and Data businesses included in the Gracenote Sale were immaterial. (4) Net proceeds from the sale of business reflects the gross proceeds from the Gracenote sale of $581 million , net of $17 million of the Gracenote Companies’ cash and cash equivalents included in the sale and $9 million of selling costs.

Assets Held For Sale and Sale32

Assets Held For Sale and Sales of Real Estate (Tables)	3 Months Ended
	Mar. 31, 2017
Assets Held-for-sale, Not Part of Disposal Group [Abstract]
Assets Held For Sale	Real Estate Assets Held for Sale —Real estate assets held for sale in the Company’s unaudited Condensed Consolidated Balance Sheets consisted of the following (in thousands): March 31, 2017 December 31, 2016 Real estate $ 16,356 $ 17,176

Goodwill And Other Intangible33

Goodwill And Other Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill	Goodwill and other intangible assets consisted of the following (in thousands): March 31, 2017 December 31, 2016 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 $ (56,313 ) $ 155,687 $ 212,000 $ (53,000 ) $ 159,000 Advertiser relationships (useful life of 8 years) 168,000 (89,250 ) 78,750 168,000 (84,000 ) 84,000 Network affiliation agreements (useful life of 5 to 16 years) 362,000 (144,128 ) 217,872 362,000 (133,725 ) 228,275 Retransmission consent agreements (useful life of 7 to 12 years) 830,100 (309,504 ) 520,596 830,100 (286,994 ) 543,106 Trade names and trademarks (useful life of 15 years) 4,876 (606 ) 4,270 4,802 (516 ) 4,286 Other (useful life of 5 to 12 years) 10,698 (4,513 ) 6,185 10,646 (4,179 ) 6,467 Total $ 1,587,674 $ (604,314 ) 983,360 $ 1,587,548 $ (562,414 ) 1,025,134 Other intangible assets not subject to amortization FCC licenses 779,200 779,200 Trade name 14,800 14,800 Total other intangible assets, net 1,777,360 1,819,134 Goodwill 3,228,047 3,227,930 Total goodwill and other intangible assets $ 5,005,407 $ 5,047,064
Schedule Of Changes of Finite-Lived Intangible Assets, Indefinite-Lived Intangible Assets, and Goodwill	The changes in the carrying amounts of intangible assets, which are in the Company’s Television and Entertainment segment, during the three months ended March 31, 2017 were as follows (in thousands): Other intangible assets subject to amortization Balance as of December 31, 2016 $ 1,025,134 Amortization (41,879 ) Foreign currency translation adjustment 105 Balance as of March 31, 2017 $ 983,360 Other intangible assets not subject to amortization Balance as of March 31, 2017 and December 31, 2016 $ 794,000 Goodwill Gross balance as of December 31, 2016 $ 3,608,930 Accumulated impairment losses at December 31, 2016 (381,000 ) Balance at December 31, 2016 3,227,930 Foreign currency translation adjustment 117 Balance as of March 31, 2017 $ 3,228,047 Total goodwill and other intangible assets as of March 31, 2017 $ 5,005,407

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 2017
Investment [Line Items]
Schedule of Investments	Investments consisted of the following (in thousands): March 31, 2017 December 31, 2016 Equity method investments $ 1,445,901 $ 1,642,117 Cost method investments 26,748 26,748 Marketable equity securities 861 6,018 Total investments $ 1,473,510 $ 1,674,883
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 March 31, 2017 March 31, 2016 Income from equity investments, net, before amortization of basis difference $ 52,888 $ 51,923 Amortization of basis difference (15,851 ) (13,671 ) Income from equity investments, net $ 37,037 $ 38,252
Distributions from Equity Investments	Three Months Ended March 31, 2017 March 31, 2016 Cash distributions from equity investments $ 111,509 $ 89,346
Television Food Network, G.P.
Investment [Line Items]
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 March 31, 2017 March 31, 2016 Revenues, net $ 297,356 $ 277,176 Operating income $ 192,682 $ 181,996 Net income $ 159,461 $ 148,317
CareerBuilder, LLC and Dose Media, LLC
Investment [Line Items]
Summary of Financial Information of Equity Investments	Summarized financial information for CareerBuilder and Dose Media is as follows (in thousands): Three Months Ended March 31, 2017 March 31, 2016 Revenues, net $ 170,019 $ 172,733 Operating income $ 6,854 $ 16,932 Net income $ 7,740 $ 17,885

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Debt consisted of the following (in thousands): March 31, 2017 December 31, 2016 Term Loan Facility Term B Loans due 2020, effective interest rate of 3.84% and 3.82%, net of unamortized discount and debt issuance costs of $2,503 and $31,230 $ 197,497 $ 2,312,218 Term C Loans due 2024, effective interest rate of 3.85%, net of unamortized discount and debt issuance costs of $25,694 1,735,755 — 5.875% Senior Notes due 2022, net of debt issuance costs of $14,749 and $15,437 1,085,251 1,084,563 Dreamcatcher Credit Facility due 2018, effective interest rate of 4.08%, net of unamortized discount and debt issuance costs of $67 and $80 13,770 14,770 Total debt 3,032,273 3,411,551 Less: Debt due within one year 17,876 19,924 Long-term debt, net of current portion $ 3,014,397 $ 3,391,627

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2017
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): March 31, 2017 December 31, 2016 Fair Carrying Fair Carrying Cost method investments $ 26,748 $ 26,748 $ 26,748 $ 26,748 Term Loan Facility Term B Loans due 2020 $ 201,416 $ 197,497 $ 2,359,571 $ 2,312,218 Term C Loans due 2024 $ 1,773,919 $ 1,735,755 $ — $ — 5.875% Senior Notes due 2022 $ 1,148,576 $ 1,085,251 $ 1,120,482 $ 1,084,563 Dreamcatcher Credit Facility $ 13,935 $ 13,770 $ 14,952 $ 14,770

Pension And Other Retirement 37

Pension And Other Retirement Plans (Tables)	3 Months Ended
	Mar. 31, 2017
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 months ended March 31, 2017 and March 31, 2016 were as follows (in thousands): Pension Benefits Three Months Ended March 31, 2017 March 31, 2016 Service cost $ 186 $ 169 Interest cost 19,569 20,751 Expected return on plans’ assets (25,327 ) (26,913 ) Amortization of prior service costs 23 — Net periodic benefit credit $ (5,549 ) $ (5,993 )

Capital Stock (Tables)

Capital Stock (Tables)	3 Months Ended
	Mar. 31, 2017
Equity [Abstract]
Dividends Declared	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): 2017 2016 Per Share Total Amount Per Share Total Amount First quarter $ 0.25 $ 21,742 $ 0.25 $ 23,215

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2017
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. Three Months Ended Shares Weighted Avg. Outstanding, beginning of period 2,396,160 $ 45.82 Granted 916,245 32.01 Exercised (97,223 ) 24.53 Forfeited (302,455 ) 28.48 Cancelled (7,952 ) 52.46 Adjustment due to the 2017 Special Cash Dividend 452,738 * Outstanding, end of period 3,357,513 $ 38.04 Vested and exercisable, end of period 1,513,171 $ 45.08
Restricted Stock Units Activity	A summary of activity and weighted average fair values related to the RSUs is reflected in the table below. Three Months Ended Shares Weighted Avg. Outstanding, beginning of period 1,230,676 $ 40.92 Granted 530,680 31.87 Dividend equivalent units granted 7,853 37.20 Vested (520,056 ) 38.49 Dividend equivalent units vested (18,272 ) 32.19 Forfeited (269,415 ) 31.93 Dividend equivalent units forfeited (7,969 ) 31.77 Adjustment due to the 2017 Special Cash Dividend 223,698 * Outstanding and nonvested, end of period 1,177,195 $ 32.24 * Not meaningful
Unrestricted Stock Award Activity	A summary of activity and weighted average fair values related to the unrestricted stock awards is as follows: Three Months Ended Shares Weighted Avg. Fair Value Outstanding, beginning of period — $ — Granted 10,147 34.98 Vested (10,147 ) 34.98 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. Three Months Ended Shares Weighted Avg. Fair Value Outstanding, beginning of period 347,000 $ 27.23 Granted (1) 117,777 31.45 Dividend equivalent units granted 1,235 37.20 Vested (126,129 ) 35.92 Dividend equivalent units vested (3,726 ) 32.50 Forfeited (40,808 ) 33.89 Dividend equivalent units forfeited (5,319 ) 38.67 Adjustment due to the 2017 Special Cash Dividend (1)(2) 24,244 * Outstanding and nonvested, end of period 314,274 $ 22.32 * Not meaningful (1) Represents shares of PSUs for which performance targets have been established and which are deemed granted under U.S. GAAP. (2) Excludes 19,725 PSUs which have not yet been deemed granted under U.S. GAAP.
Unrecognized Compensation Cost, Nonvested Awards	As of March 31, 2017 , 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 $ 53,263 2.9

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2017
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 March 31, 2017 March 31, 2016 EPS numerator: (Loss) income from continuing operations, as reported $ (101,212 ) $ 15,102 Less: Dividends distributed to Warrants 25 48 Less: Undistributed earnings allocated to Warrants — — (Loss) income from continuing operations attributable to common shareholders for basic EPS $ (101,237 ) $ 15,054 Add: Undistributed earnings allocated to dilutive securities — — (Loss) income from continuing operations attributable to common shareholders for diluted EPS $ (101,237 ) $ 15,054 Income (loss) from discontinued operations attributable to common shareholders for basic and diluted EPS $ 15,618 $ (4,009 ) Net (loss) income attributable to common shareholders for basic EPS $ (85,619 ) $ 11,045 Net (loss) income attributable to common shareholders for diluted EPS $ (85,619 ) $ 11,045 EPS denominator: Weighted average shares outstanding - basic 86,632 92,491 Impact of dilutive securities — 132 Weighted average shares outstanding - diluted 86,632 92,623 Basic (Loss) Earnings Per Common Share from: Continuing Operations $ (1.17 ) $ 0.16 Discontinued Operations 0.18 (0.04 ) Net (Loss) Earnings Per Common Share $ (0.99 ) $ 0.12 Diluted (Loss) Earnings Per Common Share Continuing Operations $ (1.17 ) $ 0.16 Discontinued Operations 0.18 (0.04 ) Net (Loss) Earnings Per Common Share $ (0.99 ) $ 0.12

Accumulated Other Comprehensi41

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2017
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table summarizes the changes in AOCI, net of taxes by component for the three months ended March 31, 2017 (in thousands): Pension and Other Post-Retirement Benefit Items Marketable Securities Cash Flow Hedging Instruments Foreign Currency Translation Adjustments Total Balance at December 31, 2016 $ (64,883 ) $ 3,075 $ — $ (19,974 ) $ (81,782 ) Other comprehensive income (loss) before reclassifications — (94 ) (2,088 ) 3,169 987 Amounts reclassified from AOCI (44 ) (3,042 ) 788 8,954 6,656 Balance at March 31, 2017 $ (64,927 ) $ (61 ) $ (1,300 ) $ (7,851 ) $ (74,139 )

Business Segments (Tables)

Business Segments (Tables)	3 Months Ended
	Mar. 31, 2017
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following table summarizes business segment financial data for the three months ended March 31, 2017 and March 31, 2016 (in thousands): Three Months Ended March 31, 2017 March 31, 2016 Operating Revenues from Continuing Operations (1) Television and Entertainment $ 436,033 $ 455,875 Corporate and Other 3,877 12,597 Total operating revenues $ 439,910 $ 468,472 Operating profit (loss) from Continuing Operations (1)(2) Television and Entertainment $ 20,013 $ 58,605 Corporate and Other (35,245 ) (28,613 ) Total operating (loss) profit $ (15,232 ) $ 29,992 Depreciation from Continuing Operations (3) Television and Entertainment $ 10,039 $ 11,017 Corporate and Other 3,532 3,425 Total depreciation $ 13,571 $ 14,442 Amortization from Continuing Operations (3) Television and Entertainment $ 41,659 $ 41,665 Capital Expenditures: Television and Entertainment $ 10,807 $ 6,833 Corporate and Other 2,249 6,092 Discontinued Operations 1,578 4,923 Total capital expenditures $ 14,634 $ 17,848 March 31, 2017 December 31, 2016 Assets: Television and Entertainment $ 7,263,209 $ 7,484,591 Corporate and Other 872,416 1,228,526 Assets held for sale (4) 16,356 17,176 Discontinued Operations — 670,758 Total assets $ 8,151,981 $ 9,401,051 (1) See Note 2 for the disclosures of operating revenues and operating profit included in discontinued operations for the historical periods. (2) Operating profit (loss) for each segment excludes income and loss on equity investments, interest and dividend income, interest expense, non-operating items, reorganization costs and income taxes. (3) Depreciation and amortization from discontinued operations totaled $3 million and $8 million , respectively, for the three months ended March 31, 2016. (4) See Note 3 for information regarding real estate assets held for sale.

Condensed Consolidating Finan43

Condensed Consolidating Financial Information (Tables)	3 Months Ended
	Mar. 31, 2017
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 MARCH 31, 2017 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Operating Revenues $ — $ 437,487 $ 2,423 $ — $ 439,910 Programming and direct operating expenses — 239,232 821 — 240,053 Selling, general and administrative 32,967 126,089 803 — 159,859 Depreciation and amortization 2,948 49,162 3,120 — 55,230 Total Operating Expenses 35,915 414,483 4,744 — 455,142 Operating (Loss) Profit (35,915 ) 23,004 (2,321 ) — (15,232 ) (Loss) income on equity investments, net (469 ) 37,506 — — 37,037 Interest and dividend income 482 23 — — 505 Interest expense (38,592 ) — (166 ) — (38,758 ) Loss on extinguishment and modification of debt (19,052 ) — — — (19,052 ) Gain on investment transaction 4,950 — — — 4,950 Write-down of investment — (122,000 ) — — (122,000 ) Other non-operating items (276 ) — — — (276 ) Intercompany income (charges) 28,218 (28,151 ) (67 ) — — Loss from Continuing Operations Before Income Taxes and Earnings (Losses) from Consolidated Subsidiaries (60,654 ) (89,618 ) (2,554 ) — (152,826 ) Income tax benefit (23,715 ) (26,941 ) (958 ) — (51,614 ) (Deficit) equity in earnings of consolidated subsidiaries, net of taxes (64,273 ) (226 ) — 64,499 — (Loss) Income from Continuing Operations $ (101,212 ) $ (62,903 ) $ (1,596 ) $ 64,499 $ (101,212 ) Income (Loss) from Discontinued Operations, net of taxes 15,618 (1,904 ) 807 1,097 15,618 Net (Loss) Income $ (85,594 ) $ (64,807 ) $ (789 ) $ 65,596 $ (85,594 ) Comprehensive (Loss) Income $ (77,951 ) $ (62,931 ) $ 10,578 $ 52,353 $ (77,951 ) TRIBUNE MEDIA COMPANY AND SUBSIDIARIES COMPREHENSIVE INCOME (LOSS) THREE MONTHS ENDED MARCH 31, 2016 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Operating Revenues $ — $ 465,970 $ 2,502 $ — $ 468,472 Programming and direct operating expenses — 220,527 1,212 — 221,739 Selling, general and administrative 25,429 134,386 819 — 160,634 Depreciation and amortization 2,569 50,358 3,180 — 56,107 Total Operating Expenses 27,998 405,271 5,211 — 438,480 Operating (Loss) Profit (27,998 ) 60,699 (2,709 ) — 29,992 (Loss) income on equity investments, net (720 ) 38,972 — — 38,252 Interest and dividend income 91 41 — — 132 Interest expense (37,894 ) — (247 ) — (38,141 ) Other non-operating items 62 — — — 62 Intercompany income (charges) 21,992 (21,936 ) (56 ) — — (Loss) Income from Continuing Operations Before Income Taxes and Earnings (Losses) from Consolidated Subsidiaries (44,467 ) 77,776 (3,012 ) — 30,297 Income tax (benefit) expense (17,324 ) 33,660 (1,141 ) — 15,195 Equity (deficit) in earnings of consolidated subsidiaries, net of taxes 42,245 (749 ) — (41,496 ) — Income (Loss) from Continuing Operations $ 15,102 $ 43,367 $ (1,871 ) $ (41,496 ) $ 15,102 (Loss) Income from Discontinued Operations, net of taxes (4,009 ) (2,731 ) 1,383 1,348 (4,009 ) Net Income (Loss) $ 11,093 $ 40,636 $ (488 ) $ (40,148 ) $ 11,093 Comprehensive Income (Loss) $ 14,730 $ 40,739 $ 3,449 $ (44,188 ) $ 14,730
Condensed Consolidating Balance Sheets	TRIBUNE MEDIA COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS AS OF MARCH 31, 2017 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Assets Current Assets Cash and cash equivalents $ 342,957 $ 1,381 $ 1,883 $ — $ 346,221 Restricted cash and cash equivalents 17,566 — — — 17,566 Accounts receivable, net 1,184 382,795 588 — 384,567 Broadcast rights — 135,533 1,648 — 137,181 Income taxes receivable — 7,897 — — 7,897 Prepaid expenses 9,313 22,544 227 — 32,084 Other 9,716 1,822 — — 11,538 Total current assets 380,736 551,972 4,346 — 937,054 Properties Property, plant and equipment 55,762 521,699 109,076 — 686,537 Accumulated depreciation (24,412 ) (167,368 ) (6,345 ) — (198,125 ) Net properties 31,350 354,331 102,731 — 488,412 Investments in subsidiaries 9,962,162 56,249 — (10,018,411 ) — Other Assets Broadcast rights — 148,768 64 — 148,832 Goodwill — 3,220,300 7,747 — 3,228,047 Other intangible assets, net — 1,690,765 86,595 — 1,777,360 Assets held for sale — 16,356 — — 16,356 Investments 13,453 1,442,162 17,895 — 1,473,510 Intercompany receivables 2,282,927 5,810,551 352,870 (8,446,348 ) — Other 124,675 75,549 2,823 (120,637 ) 82,410 Total other assets 2,421,055 12,404,451 467,994 (8,566,985 ) 6,726,515 Total Assets $ 12,795,303 $ 13,367,003 $ 575,071 $ (18,585,396 ) $ 8,151,981 TRIBUNE MEDIA COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS AS OF MARCH 31, 2017 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Liabilities and Shareholders’ Equity (Deficit) Current Liabilities Accounts payable $ 25,182 $ 22,826 $ 1,531 $ — $ 49,539 Debt due within one year 13,870 — 4,006 — 17,876 Income taxes payable — 97,137 (3 ) — 97,134 Contracts payable for broadcast rights — 218,178 1,846 — 220,024 Deferred revenue — 11,923 107 — 12,030 Interest payable 13,871 — 2 — 13,873 Other 37,274 49,289 282 — 86,845 Total current liabilities 90,197 399,353 7,771 — 497,321 Non-Current Liabilities Long-term debt 3,004,633 — 9,764 — 3,014,397 Deferred income taxes — 823,944 158,183 (120,637 ) 861,490 Contracts payable for broadcast rights — 292,198 66 — 292,264 Intercompany payables 6,282,611 1,910,337 253,400 (8,446,348 ) — Other 466,211 62,710 20 — 528,941 Total non-current liabilities 9,753,455 3,089,189 421,433 (8,566,985 ) 4,697,092 Total liabilities 9,843,652 3,488,542 429,204 (8,566,985 ) 5,194,413 Shareholders’ Equity (Deficit) Common stock 101 — — — 101 Treasury stock (632,194 ) — — — (632,194 ) Additional paid-in-capital 4,051,836 9,037,427 200,304 (9,237,731 ) 4,051,836 Retained (deficit) earnings (393,953 ) 847,858 (59,327 ) (788,531 ) (393,953 ) Accumulated other comprehensive (loss) income (74,139 ) (6,824 ) (1,027 ) 7,851 (74,139 ) Total Tribune Media Company shareholders’ equity (deficit) 2,951,651 9,878,461 139,950 (10,018,411 ) 2,951,651 Noncontrolling interests — — 5,917 — 5,917 Total shareholders’ equity (deficit) 2,951,651 9,878,461 145,867 (10,018,411 ) 2,957,568 Total Liabilities and Shareholders’ Equity (Deficit) $ 12,795,303 $ 13,367,003 $ 575,071 $ (18,585,396 ) $ 8,151,981 TRIBUNE MEDIA COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS AS OF DECEMBER 31, 2016 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Assets Current Assets Cash and cash equivalents $ 574,638 $ 720 $ 2,300 $ — $ 577,658 Restricted cash and cash equivalents 17,566 — — — 17,566 Accounts receivable, net 198 428,254 660 — 429,112 Broadcast rights — 155,266 2,551 — 157,817 Income taxes receivable — 9,056 — — 9,056 Current assets of discontinued operations — 37,300 25,305 — 62,605 Prepaid expenses 11,640 24,074 148 — 35,862 Other 4,894 1,729 1 — 6,624 Total current assets 608,936 656,399 30,965 — 1,296,300 Properties Property, plant and equipment 55,529 547,601 107,938 — 711,068 Accumulated depreciation (21,635 ) (159,472 ) (6,041 ) — (187,148 ) Net properties 33,894 388,129 101,897 — 523,920 Investments in subsidiaries 10,502,544 106,486 — (10,609,030 ) — Other Assets Broadcast rights — 153,374 83 — 153,457 Goodwill — 3,220,300 7,630 — 3,227,930 Other intangible assets, net — 1,729,829 89,305 — 1,819,134 Non-current assets of discontinued operations — 514,200 93,953 — 608,153 Assets held for sale — 17,176 — — 17,176 Investments 19,079 1,637,909 17,895 — 1,674,883 Intercompany receivables 2,326,261 5,547,542 358,834 (8,232,637 ) — Intercompany loan receivable 27,000 — — (27,000 ) — Other 51,479 75,191 2,707 (49,279 ) 80,098 Total other assets 2,423,819 12,895,521 570,407 (8,308,916 ) 7,580,831 Total Assets $ 13,569,193 $ 14,046,535 $ 703,269 $ (18,917,946 ) $ 9,401,051 TRIBUNE MEDIA COMPANY AND SUBSIDIARIES AS OF DECEMBER 31, 2016 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Liabilities and Shareholders’ Equity (Deficit) Current Liabilities Accounts payable $ 29,827 $ 29,703 $ 1,023 $ — $ 60,553 Debt due within one year 15,921 — 4,003 — 19,924 Income taxes payable — 21,130 36 — 21,166 Contracts payable for broadcast rights — 238,497 2,758 — 241,255 Deferred revenue — 13,593 97 — 13,690 Interest payable 30,301 — 4 — 30,305 Current liabilities of discontinued operations — 44,763 9,521 — 54,284 Other 38,867 70,589 220 — 109,676 Total current liabilities 114,916 418,275 17,662 — 550,853 Non-Current Liabilities Long-term debt 3,380,860 — 10,767 — 3,391,627 Intercompany loan payable — 27,000 — (27,000 ) — Deferred income taxes — 871,923 161,604 (49,279 ) 984,248 Contracts payable for broadcast rights — 314,755 85 — 314,840 Intercompany payables 6,065,424 1,912,259 254,954 (8,232,637 ) — Other 468,227 50,239 20 — 518,486 Non-current liabilities of discontinued operations — 86,517 8,797 — 95,314 Total non-current liabilities 9,914,511 3,262,693 436,227 (8,308,916 ) 5,304,515 Total Liabilities 10,029,427 3,680,968 453,889 (8,308,916 ) 5,855,368 Shareholders’ Equity (Deficit) Common stock 100 — — — 100 Treasury stock (632,207 ) — — — (632,207 ) Additional paid-in-capital 4,561,760 9,486,179 289,818 (9,775,997 ) 4,561,760 Retained (deficit) earnings (308,105 ) 888,088 (33,961 ) (854,127 ) (308,105 ) Accumulated other comprehensive (loss) income (81,782 ) (8,700 ) (12,394 ) 21,094 (81,782 ) Total Tribune Media Company shareholders’ equity (deficit) 3,539,766 10,365,567 243,463 (10,609,030 ) 3,539,766 Noncontrolling interests — — 5,917 — 5,917 Total shareholders’ equity (deficit) 3,539,766 10,365,567 249,380 (10,609,030 ) 3,545,683 Total Liabilities and Shareholders’ Equity (Deficit) $ 13,569,193 $ 14,046,535 $ 703,269 $ (18,917,946 ) $ 9,401,051
Condensed Consolidating Statement of Cash Flows	TRIBUNE MEDIA COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31, 2017 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Net cash (used in) provided by operating activities $ (133,188 ) $ 209,446 $ (1,045 ) $ — $ 75,213 Investing Activities Capital expenditures (1,413 ) (12,468 ) (753 ) — (14,634 ) Net proceeds from the sale of business 571,749 (5,249 ) (11,775 ) — 554,725 Proceeds from sales of real estate and other assets — 44,315 — — 44,315 Proceeds from the sale of investment 4,950 — — — 4,950 Net cash provided by (used in) investing activities 575,286 26,598 (12,528 ) — 589,356 Financing Activities Long-term borrowings 202,694 — — — 202,694 Repayments of long-term debt (583,232 ) — (1,013 ) — (584,245 ) Long-term debt issuance costs (1,689 ) — — — (1,689 ) Payment of dividends (520,849 ) — — — (520,849 ) Tax withholdings related to net share settlements of share-based awards (7,053 ) — — — (7,053 ) Proceeds from stock option exercises 2,385 — — — 2,385 Change in intercompany receivables and payables (1) 233,965 (239,190 ) 5,225 — — Net cash (used in) provided by financing activities (673,779 ) (239,190 ) 4,212 — (908,757 ) Net (Decrease) in Cash and Cash Equivalents (231,681 ) (3,146 ) (9,361 ) — (244,188 ) Cash and cash equivalents, beginning of year 574,638 4,527 11,244 — 590,409 Cash and cash equivalents, end of year $ 342,957 $ 1,381 $ 1,883 $ — $ 346,221 (1) Excludes the impact of a $54 million non-cash settlement of intercompany balances upon the sale of certain Guarantor and Non-Guarantor subsidiaries included in the Gracenote Sale. TRIBUNE MEDIA COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31, 2016 (In thousands of dollars) Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Net cash (used in) provided by operating activities $ (56,143 ) $ 181,150 $ (2,708 ) $ — $ 122,299 Investing Activities Capital expenditures (4,336 ) (12,115 ) (1,397 ) — (17,848 ) Investments — (88 ) — — (88 ) Proceeds from sales of real estate and other assets — 805 681 — 1,486 Transfers from restricted cash — 4 — — 4 Intercompany dividends 3,326 — — (3,326 ) — Net cash used in investing activities (1,010 ) (11,394 ) (716 ) (3,326 ) (16,446 ) Financing Activities Repayments of long-term debt (5,948 ) — (1,012 ) — (6,960 ) Long-term debt issuance costs (622 ) — — — (622 ) Payments of dividends (23,215 ) — — — (23,215 ) Common stock repurchases (8,938 ) — — — (8,938 ) Tax withholdings related to net share settlements of share-based awards (4,126 ) — — — (4,126 ) Intercompany dividends — (3,326 ) — 3,326 — Change in intercompany receivables and payables (1) 164,960 (169,323 ) 4,363 — — Net cash provided by (used in) financing activities 122,111 (172,649 ) 3,351 3,326 (43,861 ) Net Increase (Decrease) in Cash and Cash Equivalents 64,958 (2,893 ) (73 ) — 61,992 Cash and cash equivalents, beginning of year 235,508 13,054 14,082 — 262,644 Cash and cash equivalents, end of year $ 300,466 $ 10,161 $ 14,009 $ — $ 324,636 (1) Excludes the impact of a $56 million non-cash settlement of intercompany balances upon dissolution of certain Guarantor subsidiaries.

Basis Of Presentation And Sig44

Basis Of Presentation And Significant Accounting Policies (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Investment Holdings [Line Items]
Operating revenues	[1]	$ 439,910	$ 468,472
Operating profit	[1],[2]	(15,232)	29,992
Variable Interest Entity, Primary Beneficiary | Dreamcatcher Stations
Investment Holdings [Line Items]
Operating revenues		17,000	17,000
Operating profit		$ 2,000	$ 3,000
[1]	(1)See Note 2 for the disclosures of operating revenues and operating profit included in discontinued operations for the historical periods.
[2]	(2)Operating profit (loss) for each segment excludes income and loss on equity investments, interest and dividend income, interest expense, non-operating items, reorganization costs and income taxes.

Basis Of Presentation And Sig45

Basis Of Presentation And Significant Accounting Policies - Dreamcatcher (Details) - USD ($) $ in Thousands		Mar. 31, 2017	Dec. 31, 2016
Variable Interest Entity [Line Items]
Property, plant and equipment, net		$ 488,412	$ 523,920
Broadcast rights		148,832	153,457
Other intangible assets, net		1,777,360	1,819,134
Other assets		82,410	80,098
Total Assets (1)	[1]	8,151,981	9,401,051
Debt due within one year		17,876	19,924
Contracts payable for broadcast rights		220,024	241,255
Long-term debt		3,014,397	3,391,627
Other liabilities		78,975	62,700
Total Liabilities (1)	[1]	5,194,413	5,855,368
Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Total Assets (1)		94,000	97,000
Total Liabilities (1)		2,000	3,000
Dreamcatcher | Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Property, plant and equipment, net		68	91
Broadcast rights		1,712	2,634
Other intangible assets, net		79,810	82,442
Other assets		208	134
Total Assets (1)		81,798	85,301
Debt due within one year		4,006	4,003
Contracts payable for broadcast rights		1,846	2,758
Long-term debt		9,764	10,767
Other liabilities		66	85
Total Liabilities (1)		$ 15,682	$ 17,613
[1]	(1) The Company’s consolidated total assets as of March 31, 2017 and December 31, 2016 include total assets of variable interest entities (“VIEs”) of $94 million and $97 million, respectively, which can only be used to settle the obligations of the VIEs. The Company’s consolidated total liabilities as of March 31, 2017 and December 31, 2016 include total liabilities of the VIEs of $2 million and $3 million, respectively, for which the creditors of the VIEs have no recourse to the Company (see Note 1).

Discontinued Operations Narrati

Discontinued Operations Narrative (Details) - USD ($)	Feb. 01, 2017	Jan. 31, 2017	Mar. 31, 2017	Mar. 31, 2016
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
(Gain) Loss on Disposition of Business			$ 35,462,000	$ 0
Repayments of Long-term Debt			$ 584,245,000	$ 6,960,000
Amended Secured Credit Facility | Term B Loans
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Repayments of Long-term Debt	$ 400,000,000
Transition Services Agreement | Nielsen
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Transition Services Period			6 months
Discontinued Operations, Disposed of by Sale | Gracenote Companies
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Consideration		$ 560,000,000
Proceeds from Divestiture of Businesses		$ 581,000,000
Proceeds from Divestiture of Business, Working Capital Adjustment			$ 4,000,000
(Gain) Loss on Disposition of Business			(35,000,000)
Disposal Group, Including Discontinued Operation, Legal and Professional Fees			10,000,000
Discontinued Operation, Amounts of Material Contingent Liabilities Remaining			$ 0

Discontinued Operations Graceno

Discontinued Operations Gracenote Companies Statement of Operations (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2017		Mar. 31, 2016
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain (loss) from discontinued operations, net of taxes		$ 15,618		$ (4,009)
Gracenote Companies | Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Operating revenues		18,168	[1]	52,592
Direct operating expenses		7,292	[1]	16,694
Selling, general and administrative		15,349	[1]	28,065
Depreciation (2)	[2]	0	[1]	2,896
Amortization (2)	[2]	0	[1]	7,713
Operating loss		(4,473)	[1]	(2,776)
Interest income		16	[1]	13
Interest expense (3)	[3]	(1,261)	[1]	(3,835)
Loss before income taxes		(5,718)	[1]	(6,598)
Pretax gain on the disposal of discontinued operations		35,462	[1]	0
Total pretax gain (loss) on discontinued operations		29,744	[1]	(6,598)
Income tax expense (benefit) (4)	[4]	14,126	[1]	(2,589)
Gain (loss) from discontinued operations, net of taxes		$ 15,618	[1]	$ (4,009)
[1]	(1) Results of operations for the Gracenote Companies are reflected through January 31, 2017, the date of the Gracenote Sale.
[2]	(2) No depreciation expense or amortization expense was recorded by the Company in 2017 as the Gracenote Companies’ assets were held for sale as of December 31, 2016.
[3]	(3) The Company used $400 million of proceeds from the Gracenote Sale to pay down a portion of its outstanding borrowings under the Company’s Term Loan Facility (as defined and described in Note 6). Interest expense associated with the Company’s outstanding Term Loan Facility was allocated to discontinued operations based on the ratio of the $400 million prepayment to the total outstanding indebtedness under the Term Loan Facility in effect in each respective period.
[4]	(4) The effective tax rates on pretax income from discontinued operations were 47.5% and 39.2% for the three months ended March 31, 2017 and March 31, 2016, respectively. The 2017 rate differs from the U.S. federal statutory rate of 35% primarily due to state income taxes (net of federal benefit), foreign tax rate differences, and an adjustment relating to the sale of the Gracenote Companies. The 2016 rate differs from the U.S. federal statutory rate of 35% primarily due to state income taxes (net of federal benefit) and foreign tax rate differences.

Discontinued Operations Grace48

Discontinued Operations Gracenote Companies Statement of Operations Footnote (Details) - USD ($) $ in Thousands	Feb. 01, 2017	Mar. 31, 2017	Mar. 31, 2016
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Repayments of Long-term Debt		$ 584,245	$ 6,960
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		35.00%	35.00%
Gracenote Companies | Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Effective Income Tax Rate Reconciliation, Discontinued Operations, Percent		47.50%	39.20%
Amended Secured Credit Facility | Term B Loans
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Repayments of Long-term Debt	$ 400,000

Discontinued Operations Grace49

Discontinued Operations Gracenote Companies Balance Sheet (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total current assets of discontinued operations	$ 0	$ 62,605
Total non-current assets of discontinued operations	0	608,153
Total current liabilities of discontinued operations	0	54,284
Total non-current liabilities discontinued operations	0	95,314
Gracenote Companies | Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents	17,000	12,751
Accounts receivable, net		38,727
Prepaid expenses and other		11,127
Total current assets of discontinued operations		62,605
Property, plant and equipment, net		49,348
Goodwill		333,258
Other intangible assets, net		219,287
Other long-term assets		6,260
Total non-current assets of discontinued operations		608,153
Total Assets Classified as Discontinued Operations in the Unaudited Condensed Consolidated Balance Sheets	$ 0	670,758
Accounts payable		6,237
Employee compensation and benefits		17,011
Deferred revenue		27,113
Accrued expenses and other current liabilities		3,923
Total current liabilities of discontinued operations		54,284
Deferred income taxes		89,029
Postretirement, medical, life and other benefits		2,786
Other obligations		3,499
Total non-current liabilities discontinued operations		95,314
Total Liabilities Classified as Discontinued Operations in the Unaudited Condensed Consolidated Balance Sheets		149,598
Net Assets Classified as Discontinued Operations		$ 521,160

Discontinued Operations Grace50

Discontinued Operations Gracenote Companies Cash Flows (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2017		Mar. 31, 2016
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Stock-based compensation		$ 14,963		$ 8,493
Depreciation (2)				17,338
Amortization (2)				49,378
Capital expenditures		14,634		17,848
Net proceeds from the sale of business (4)		554,725		0
Gracenote Companies | Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Stock-based compensation		1,992	[1]	989
Depreciation (2)	[2]	0	[1]	2,896
Amortization (2)	[2]	0	[1]	7,713
Capital expenditures	[3]	1,578	[1]	4,923
Net proceeds from the sale of business (4)	[4]	$ 554,725	[1]	$ 0
[1]	(1) Results of operations for the Gracenote Companies are reflected through January 31, 2017, the date of the Gracenote Sale.
[2]	(2) No depreciation expense or amortization expense was recorded by the Company in 2017 as the Gracenote Companies’ assets were held for sale as of December 31, 2016.
[3]	(3)Non-cash investing and financing activities of Digital and Data businesses included in the Gracenote Sale were immaterial.
[4]	(4)Net proceeds from the sale of business reflects the gross proceeds from the Gracenote sale of $581 million, net of $17 million of the Gracenote Companies’ cash and cash equivalents included in the sale and $9 million of selling costs.

Discontinued Operations Grace51

Discontinued Operations Gracenote Companies Cash Flow Footnote (Details) - Gracenote Companies - Discontinued Operations, Disposed of by Sale - USD ($) $ in Thousands	Jan. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from Divestiture of Businesses	$ 581,000
Cash and cash equivalents		$ 17,000	$ 12,751
Disposal Groups, Including Discontinued Operations, Selling Costs		$ 9,000

Assets Held For Sale and Sale52

Assets Held For Sale and Sales of Real Estate (Details) - USD ($) $ in Thousands		Mar. 31, 2017	Dec. 31, 2016
Assets Held-for-sale, Not Part of Disposal Group [Abstract]
Assets held for sale	[1]	$ 16,356	$ 17,176
[1]	(4)See Note 3 for information regarding real estate assets held for sale.

Assets Held For Sale and Sale53

Assets Held For Sale and Sales of Real Estate Narrative (Details) $ in Millions	Jan. 31, 2017USD ($)	Jan. 26, 2017USD ($)	Mar. 31, 2017USD ($)property	Mar. 31, 2016USD ($)
Long Lived Assets Held-for-sale [Line Items]
Number of real estate properties held for sale (property) | property			5
Impairment of Long-Lived Assets to be Disposed of			$ 1	$ 8
Assets Held for Sale, Number of Properties Sold | property			2
Proceeds from sale of real estate			$ 44
Denver, CO Property
Long Lived Assets Held-for-sale [Line Items]
Proceeds from sale of real estate		$ 23
Chicago, IL Property
Long Lived Assets Held-for-sale [Line Items]
Proceeds from sale of real estate	$ 22
Sale Leaseback Transaction, Lease Terms	P10Y
Gain (Loss) on sales of real estate, deferred	$ 13

Goodwill And Other Intangible54

Goodwill And Other Intangible Assets - (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Indefinite-lived Intangible Assets [Line Items]
Other intangible assets not subject to amortization	$ 794,000	$ 794,000
Total other intangible assets, net (excluding goodwill)	1,777,360	1,819,134
Goodwill	3,228,047	3,227,930
Total goodwill and other intangible assets	5,005,407	5,047,064
Finite-Lived Intangible Assets [Line Items]
Intangible assets subject to amortization, gross	1,587,674	1,587,548
Intangible assets, accumulated amortization	(604,314)	(562,414)
Intangible assets subject to amortization, net	983,360	1,025,134
FCC Licenses
Indefinite-lived Intangible Assets [Line Items]
Other intangible assets not subject to amortization	779,200	779,200
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	(56,313)	(53,000)
Intangible assets subject to amortization, net	$ 155,687	159,000
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	(89,250)	(84,000)
Intangible assets subject to amortization, net	$ 78,750	84,000
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	(144,128)	(133,725)
Intangible assets subject to amortization, net	$ 217,872	228,275
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	(309,504)	(286,994)
Intangible assets subject to amortization, net	$ 520,596	543,106
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
Trade Names and trademarks
Finite-Lived Intangible Assets [Line Items]
Intangible assets subject to amortization, gross	$ 4,876	4,802
Intangible assets, accumulated amortization	(606)	(516)
Intangible assets subject to amortization, net	$ 4,270	4,286
Trade Names and trademarks | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful life (years)	15 years
Trade Names and trademarks | 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	$ 10,698	10,646
Intangible assets, accumulated amortization	(4,513)	(4,179)
Intangible assets subject to amortization, net	$ 6,185	$ 6,467
Other Intangible Assets | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful life (years)	5 years
Other Intangible Assets | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful life (years)	12 years

Goodwill And Other Intangible55

Goodwill And Other Intangible Assets - Changes in carrying amounts of intangible assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Finite-lived Intangible Assets [Roll Forward]
Intangible assets subject to amortization, balance at December 31, 2016	$ 1,025,134
Amortization of intangible assets	(41,879)
Intangible assets subject to amortization, foreign currency translation adjustment	105
Intangible assets subject to amortization, balance at March 31, 2017	983,360
Indefinite-lived Intangible Assets [Roll Forward]
Other intangible assets not subject to amortization	794,000	$ 794,000
Goodwill [Roll Forward]
Goodwill gross balance as of December 31, 2016		3,608,930
Goodwill, accumulated impairment losses as of December 31, 2016		(381,000)
Goodwill, balance at December 31, 2016	3,227,930
Goodwill, foreign currency translation adjustment	117
Goodwill, balance at March 31, 2017	3,228,047
Total goodwill and other intangible assets	$ 5,005,407	$ 5,047,064

Goodwill And Other Intangible56

Goodwill And Other Intangible Assets - Narrative (Details) $ in Millions	Mar. 31, 2017USD ($)
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract]
Amortization expense relating to amortizable intangible assets, remainder of 2017	$ 125
Amortization expense relating to amortizable intangible assets, 2018	167
Amortization expense relating to amortizable intangible assets, 2019	140
Amortization expense relating to amortizable intangible assets, 2020	134
Amortization expense relating to amortizable intangible assets, 2021	103
Amortization expense relating to amortizable intangible assets, 2022	$ 84

Investments Total Investments (

Investments Total Investments (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Investments [Abstract]
Equity method investments	$ 1,445,901	$ 1,642,117
Cost method investments	26,748	26,748
Marketable equity securities	861	6,018
Total investments	$ 1,473,510	$ 1,674,883

Investments Equity Method Inves

Investments Equity Method Investments Table (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Investments [Abstract]
Income from equity investments, net, before amortization of basis difference	$ 52,888	$ 51,923
Amortization of basis difference	(15,851)	(13,671)
Income from equity investments, net	$ 37,037	$ 38,252

Investments Equity Method Inv59

Investments Equity Method Investments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2012
Schedule of Equity Method Investments [Line Items]
Postconfirmation, Investments				$ 2,224,000
Equity Method Investment, Difference Between Carrying Amount and Underlying Equity	$ 723,000
Equity Method Investment, Net Intangible Assets Subject to Amortization of Basis Difference, Useful Life	16 years
Equity method investments	$ 1,445,901		$ 1,642,117
Income on equity investments, net	37,037	$ 38,252
Distributions from equity investments	111,509	89,346
Write down of Investment	$ 122,000	0
Television Food Network, G.P.
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	31.00%
Equity method investments	$ 1,206,000		1,279,000
Income on equity investments, net	38,000	34,000
Distributions from equity investments	112,000	89,000
CareerBuilder, LLC
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Difference Between Carrying Amount and Underlying Equity	$ 72,000
Equity method investment, ownership percentage	32.00%
Equity method investments	$ 219,000		341,000
Income on equity investments, net	(300)	$ 5,000
Write down of Investment	$ 122,000
Dose Media, LLC
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	25.00%
Equity method investments	$ 12,000		$ 12,000
Revaluation of Assets
Schedule of Equity Method Investments [Line Items]
Fresh-Start Adjustment, Increase (Decrease), Investments				1,615,000
Fresh-Start Adjustment, Carrying Value of Equity Investees' Amortizable Intangible Assets				1,108,000
Fresh-Start Adjustment, Carrying Value of Equity Investees' Goodwill and Intangible Assets not Subject to Amortization				$ 507,000

Investments Cash Distributions

Investments Cash Distributions from Equity Method Investments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Equity Method Investments and Joint Ventures [Abstract]
Proceeds from Equity Method Investment, Cash Distributions	$ 111,509	$ 89,346

Investments TV Food Network (De

Investments TV Food Network (Details) - Television Food Network, G.P. - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Schedule of Equity Method Investments [Line Items]
Revenues, net	$ 297,356	$ 277,176
Operating income	192,682	181,996
Net income	$ 159,461	$ 148,317

Investments Career Builder (Det

Investments Career Builder (Details) - CareerBuilder, LLC and Dose Media, LLC - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Schedule of Equity Method Investments [Line Items]
Revenues, net	$ 170,019	$ 172,733
Operating income	6,854	16,932
Net income	$ 7,740	$ 17,885

Investments Marketable Equity S

Investments Marketable Equity Securities (Details) - USD ($) $ in Thousands	Jan. 31, 2017	Mar. 31, 2017	Mar. 31, 2016	Aug. 04, 2014
Schedule of Equity Method Investments [Line Items]
Proceeds from the sale of investment		$ 4,950	$ 0
Gain on investment transaction		4,950	$ 0
tronc
Schedule of Equity Method Investments [Line Items]
tronc common stock retained, shares				381,354
Ownership percentage in common stock				1.50%
Proceeds from the sale of investment	$ 5,000
Gain on investment transaction		$ 5,000

Investments Cost Method Investm

Investments Cost Method Investments (Details) $ in Millions	Oct. 27, 2009USD ($)
New Cubs LLC | Payment Guarantee
Line of Credit Facility [Line Items]
Guarantor maximum exposure	$ 699

Investments Variable Interests

Investments Variable Interests (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Topix LLC | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Maximum loss exposure amount	$ 5	$ 5

Debt - Long-term Debt (Details)

Debt - Long-term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Jan. 27, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Total debt, net of discounts	$ 3,032,273		$ 3,411,551
Debt due within one year	17,876		19,924
Long-term debt, net of current portion	3,014,397		3,391,627
Senior Notes | 5.875% Senior Notes due 2022
Debt Instrument [Line Items]
Total debt, net of discounts	1,085,251		1,084,563
Term B Loans | Senior Secured Credit Agreement
Debt Instrument [Line Items]
Total debt, net of discounts	197,497		2,312,218
Term C Loans | Senior Secured Credit Agreement
Debt Instrument [Line Items]
Total debt, net of discounts	1,735,755	$ 1,761,000	0
Secured Debt | Dreamcatcher Credit Facility Due 2018
Debt Instrument [Line Items]
Total debt, net of discounts	$ 13,770		$ 14,770

Debt - Footnotes (Details)

Debt - Footnotes (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Jun. 24, 2015
Senior Notes | 5.875% Senior Notes due 2022
Debt Instrument [Line Items]
Stated interest rate	5.875%	5.875%	5.875%
Debt issuance costs	$ 14,749	$ 15,437
Term B Loans | Senior Secured Credit Agreement
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage	3.84%	3.82%
Debt instrument, unamortized discount and debt issuance costs	$ 2,503	$ 31,230
Term C Loans | Senior Secured Credit Agreement
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage	3.85%
Debt instrument, unamortized discount and debt issuance costs	$ 25,694
Secured Debt | Dreamcatcher Credit Facility Due 2018
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage	4.08%	4.08%
Debt instrument, unamortized discount and debt issuance costs	$ 67	$ 80

Debt - Narrative (Details)

Debt - Narrative (Details)	Feb. 01, 2017USD ($)	Jan. 27, 2017USD ($)	Mar. 31, 2017USD ($)	Mar. 31, 2016USD ($)	Jun. 30, 2016USD ($)	Dec. 31, 2016USD ($)	Jun. 24, 2015USD ($)
Debt Instrument [Line Items]
Long-term debt			$ 3,032,273,000			$ 3,411,551,000
Debt discount paid			1,689,000	$ 622,000
Repayment of outstanding borrowings			584,245,000	6,960,000
Loss on extinguishment and modification of debt			(19,052,000)	$ 0
Senior Secured Credit Agreement
Debt Instrument [Line Items]
Standby letters of credit outstanding			22,000,000			23,000,000
Senior Secured Credit Agreement | Term B Loans
Debt Instrument [Line Items]
Debt instrument, face amount		$ 600,000,000				2,343,000,000
Long-term debt			197,497,000			2,312,218,000
Debt instrument, unamortized discount and debt issuance costs			2,503,000			31,230,000
Senior Secured Credit Agreement | Revolving Credit Facility
Debt Instrument [Line Items]
Borrowing capacity under senior secured credit facility		$ 420,000,000				300,000,000
Revolving credit facility borrowings outstanding			0
Leverage ratio, not to exceed		5.25
Debt issuance costs		$ 2,000,000
Senior Secured Credit Agreement | Revolving Credit Facility | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Base rate floor		0.00%
Basis spread on variable rate		3.00%
Senior Secured Credit Agreement | Revolving Credit Facility | Federal Funds Effective Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate		0.50%
Senior Secured Credit Agreement | Revolving Credit Facility | Adjusted LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate		1.00%
Senior Secured Credit Agreement | Revolving Credit Facility | Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate		2.00%
Senior Secured Credit Agreement | Term C Loans
Debt Instrument [Line Items]
Long-term debt		$ 1,761,000,000	1,735,755,000			0
Premium payable on voluntary prepayments, percent		1.00%
Debt Instrument, Percent to Trigger Required Testing		35.00%
Discount issued		$ 4,000,000
Debt discount paid			13,000,000
Payment of debt issuance costs, deferred		$ 1,000,000
Debt instrument, unamortized discount and debt issuance costs			25,694,000
Senior Secured Credit Agreement | Term C Loans | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Base rate floor		0.75%
Basis spread on variable rate		3.00%
Senior Secured Credit Agreement | Term C Loans | Federal Funds Effective Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate		0.50%
Senior Secured Credit Agreement | Term C Loans | Adjusted LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate		1.00%
Senior Secured Credit Agreement | Term C Loans | Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate		2.00%
Senior Secured Credit Agreement | Term Loan Facility
Debt Instrument [Line Items]
Payments of Debt Restructuring Costs			12,000,000
Debt instrument, unamortized discount and debt issuance costs			28,000,000			31,000,000
Amended Secured Credit Facility
Debt Instrument [Line Items]
Loss on extinguishment and modification of debt			19,052,000
Amended Secured Credit Facility | Term B Loans
Debt Instrument [Line Items]
Repayment of outstanding borrowings	$ 400,000,000
Write off of Deferred Debt Issuance Cost			6,000,000
Debt Instrument, Unamortized Discount Write-off on Extinguishment			1,000,000
Amended Secured Credit Facility | Term Loan Facility
Debt Instrument [Line Items]
Debt issuance costs		$ 25,000,000
Discount issued		$ 6,000,000
5.875% Senior Notes due 2022
Debt Instrument [Line Items]
Debt Instrument, Period of Outstanding Principal Amount Prior to Maturity		91 days
5.875% Senior Notes due 2022 | Senior Notes
Debt Instrument [Line Items]
Debt instrument, face amount							$ 1,100,000,000
Long-term debt			$ 1,085,251,000			$ 1,084,563,000
Debt Instrument, Long-term Debt Amount to Extend Maturity		$ 600,000,000
Stated interest rate			5.875%			5.875%	5.875%
Debt issuance costs			$ 14,749,000			$ 15,437,000
Debt discount paid					$ 1,000,000

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($)	Mar. 31, 2017	Jan. 31, 2017	Mar. 31, 2017	Mar. 31, 2016	Jan. 27, 2017	Dec. 31, 2016	Jun. 24, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Proceeds from the sale of investment			$ 4,950,000	$ 0
Gain on investment transaction			4,950,000	$ 0
Marketable equity securities	$ 861,000		$ 861,000			$ 6,018,000
Senior Notes | 5.875% Senior Notes due 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated interest rate	5.875%		5.875%			5.875%	5.875%
tronc
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Proceeds from the sale of investment		$ 5,000,000
Gain on investment transaction			$ 5,000,000
Marketable equity securities						$ 5,000,000
Investment in tronc, cost basis						$ 0
Designated as Hedging Instrument | Interest Rate Swap
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest Rate Cash Flow Hedge Liability	$ 2,000,000		2,000,000
Cash Flow Hedging | Designated as Hedging Instrument | Interest Rate Swap
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative, Notional Amount					$ 500,000,000
Loss on cash flow hedge			$ 1,000,000
Expected reclassification of AOCI into Interest Expense	$ 5,000,000

Fair Value Measurements Estimat

Fair Value Measurements Estimated Fair Values and Carrying Amounts (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Jan. 27, 2017	Dec. 31, 2016
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	$ 3,032,273		$ 3,411,551
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cost method investments	26,748		26,748
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cost method investments	26,748		26,748
Senior Secured Credit Agreement | Term B Loans
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	197,497		2,312,218
Senior Secured Credit Agreement | Term B Loans | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long term debt	201,416		2,359,571
Senior Secured Credit Agreement | Term C Loans
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	1,735,755	$ 1,761,000	0
Senior Secured Credit Agreement | Term C Loans | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long term debt	1,773,919		0
5.875% Senior Notes due 2022 | Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	1,085,251		1,084,563
5.875% Senior Notes due 2022 | Senior Notes | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long term debt	1,148,576		1,120,482
Dreamcatcher Credit Facility Due 2018 | Dreamcatcher Credit Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	13,770		14,770
Dreamcatcher Credit Facility Due 2018 | Dreamcatcher Credit Facility | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long term debt	$ 13,935		$ 14,952

Commitments and Contingencies (

Commitments and Contingencies (Details)	Apr. 13, 2017USD ($)	Dec. 08, 2008subsidiary	Feb. 29, 2012USD ($)	Mar. 31, 2017USD ($)claim	Mar. 31, 2016USD ($)	Dec. 31, 2012claim	May 10, 2017radio_stationtelevision_station	Dec. 31, 2016USD ($)	Aug. 12, 2016case
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									106
Number of complaints filed | claim						7,400
Restricted cash and cash equivalents				$ 17,566,000				$ 17,566,000
Number of proofs of claim subject to further evaluation and adjustments | claim				403
Reorganization Items				$ (250,000)	$ (434,000)
FCC regulation, maximum reimbursement amount for required product modifications			$ 1,750,000,000
Subsequent Event
Loss Contingencies [Line Items]
FCC regulation, number of television stations authorized | television_station							39
FCC regulation, number of radio stations authorized | radio_station							1
Expected Proceeds from FCC Spectrum Auction	$ 190,000,000
Number of Stations Subject to Spectrum Frequency Transition	22

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Income tax (benefit) expense	$ (51,614)	$ 15,195
Effective Income Tax Rate Reconciliation, Percent	33.80%	50.20%
U.S federal statutory rate, percent	35.00%	35.00%
Benefit related to certain income tax matters	$ 1,000
Write-off of unrealized deferred tax asset	$ 1,000	$ 4,000

Income Taxes - Newsday and Chic

Income Taxes - Newsday and Chicago Cubs Transactions (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Dec. 31, 2016	Oct. 27, 2009
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	$ 45
Deferred tax liability	155	$ 158			$ 158
New Cubs LLC | Tax Year 2009
Income Tax Contingency [Line Items]
IRS proposed tax	182
IRS proposed gross valuation misstatement penalty	73
After-tax interest on proposed tax and penalty	42
Estimated federal income taxes before interest and penalties	225
Newsday LLC
Income Tax Contingency [Line Items]
Net Adjustment to Uncertain Tax Position, Current				$ 102
Income tax reserves				125
Reduction in deferred income tax liabilities				23
Adjustment to deferred taxes		1	$ (3)	$ 91
Payment for income tax, interest and penalties					122
Expected future payment for income tax, interest and penalties	4	$ 4			$ 4
Newsday LLC | Tax Year 2008
Income Tax Contingency [Line Items]
Estimated federal income taxes before interest and penalties	190
IRS, accuracy-related penalty	$ 38

Income Taxes - Other (Details)

Income Taxes - Other (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Liability for unrecognized tax benefits	$ 23	$ 23
Decrease in unrecognized tax benefits is reasonably possible	$ 9

Pension And Other Retirement 75

Pension And Other Retirement Plans Net Periodic Benefit Cost For Pension Benefit Plan (Details) - Pension Plan - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 186	$ 169
Interest cost	19,569	20,751
Expected return on plans’ assets	(25,327)	(26,913)
Amortization of prior service costs	23	0
Net periodic benefit credit	$ (5,549)	$ (5,993)

Pension And Other Retirement 76

Pension And Other Retirement Plans Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2017USD ($)
Scenario, Forecast | Other Post Retirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Contributions by employer	$ 1

Capital Stock (Details)

Capital Stock (Details)	May 10, 2017$ / shares	Feb. 03, 2017USD ($)$ / shares	Jan. 02, 2017$ / shares	Mar. 31, 2017USD ($)$ / sharesshares	Mar. 31, 2016USD ($)$ / sharesshares	Dec. 31, 2016USD ($)$ / sharesshares	Feb. 24, 2016USD ($)	Dec. 31, 2015shares	Oct. 13, 2014USD ($)	Dec. 31, 2012shares
Class of Stock [Line Items]
Preferred stock authorized (shares)				40,000,000		40,000,000
Preferred stock par value (usd per share) | $ / shares				$ 0.001		$ 0.001
Treasury stock (shares)				14,102,185		14,102,453
Treasury stock acquired (shares)						6,432,455
Common stock repurchases | $				$ 0		$ 232,000,000
Share price (usd per share) | $ / shares						$ 36.08
Remaining authorized repurchase amount | $				$ 168,000,000
Number of shares called by each warrant (shares)				1
Special Cash Dividend
Class of Stock [Line Items]
Dividends declared per common share (usd per share) | $ / shares			$ 5.77	$ 5.77	$ 0
Common stock dividends (usd per share) | $ / shares		$ 5.77
Special dividends declared to shareholders and warrant holders, $5.77 per share | $		$ 499,000,000		$ (499,107,000)
Regular Cash Dividend
Class of Stock [Line Items]
Dividends declared per common share (usd per share) | $ / shares				$ 0.25	$ 0.25
Special dividends declared to shareholders and warrant holders, $5.77 per share | $				$ 21,742,000	$ 23,215,000
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)				99,757						16,789,972
Warrant, exercise price, per share (usd per share) | $ / shares				$ 0.001
Class A Common Stock
Class of Stock [Line Items]
Common stock, authorized (shares)				1,000,000,000		1,000,000,000
Common stock, par value (usd per share) | $ / shares				$ 0.001		$ 0.001
Common stock, conversion ratio				1
Number of warrants exercised (shares)				28,475	100,108
Number of shares received				28,475	100,108
Number of shares of common stock issued (shares)				100,979,448		100,416,516
Shares authorized (shares) | $							$ 400,000,000		$ 400,000,000
Treasury stock acquired life to date (shares)								7,670,216
Class B Common Stock
Class of Stock [Line Items]
Common stock, authorized (shares)				1,000,000,000		1,000,000,000
Common stock, par value (usd per share) | $ / shares				$ 0.001		$ 0.001
Common stock, conversion ratio				1
Number of shares converted (shares)				0	0
Number of warrants exercised (shares)				0	0
Number of shares of common stock issued (shares)				5,605		5,605
Preferred Stock
Class of Stock [Line Items]
Preferred stock authorized (shares)				40,000,000

Capital Stock Dividends Declare

Capital Stock Dividends Declared (Details) - Regular Cash Dividend - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Class of Stock [Line Items]
Dividends declared per common share (usd per share)	$ 0.25	$ 0.25
Total Amount	$ 21,742	$ 23,215

Stock-Based Compensation Narrat

Stock-Based Compensation Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017		Mar. 31, 2016	May 05, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 15,000		$ 8,000
Share-based Compensation	14,963		8,493
Gracenote Companies | Discontinued Operations, Disposed of by Sale
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation	$ 1,992	[1]	$ 989
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)	2,995,690
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)	165,143
[1]	(1) Results of operations for the Gracenote Companies are reflected through January 31, 2017, the date of the Gracenote Sale.

Stock-Based Compensation Non-Qu

Stock-Based Compensation Non-Qualified Stock Options Activity (Details) - NSO	3 Months Ended
	Mar. 31, 2017$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding, beginning of period (shares)	2,396,160
Granted (shares)	916,245
Exercised (shares)	(97,223)
Forfeitures (shares)	(302,455)
Cancelled (shares)	(7,952)
Adjustment due to the 2017 Special Cash Dividend	452,738
Outstanding, end of period (shares)	3,357,513
Vested and exercisable, shares end of period (shares)	1,513,171
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	$ 45.82
Granted, weighted average exercise price (usd per share) | $ / shares	32.01
Exercised, weighted average exercise price (usd per share) | $ / shares	24.53
Forfeitures, weighted average exercise price (usd per share) | $ / shares	28.48
Cancellations, weighted average exercise price (usd per share) | $ / shares	52.46
Outstanding, end of period, weighted average exercise price (usd per share) | $ / shares	38.04
Vested and exercisable, weighted average exercise price, end of period (usd per share) | $ / shares	$ 45.08

Stock-Based Compensation Restri

Stock-Based Compensation Restricted Stock Units Activity (Details)	3 Months Ended
	Mar. 31, 2017$ / 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)	1,230,676
Granted (shares)	530,680
Vested (shares)	(520,056)
Forfeited (shares)	(269,415)
Adjustment due to the 2017 Special Cash Dividend	223,698
Outstanding and nonvested, shares, end of period (shares)	1,177,195
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	$ 40.92
Granted, weighted average fair value (usd per share) | $ / shares	31.87
Vested, weighted average fair value (usd per share) | $ / shares	38.49
Forfeited, weighted average fair value (usd per share) | $ / shares	31.93
Outstanding and nonvested, weighted average fair value, end of period (usd per share) | $ / shares	$ 32.24
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)	7,853
Dividend equivalent units vested (shares)	(18,272)
Dividend equivalent units forfeited (shares)	(7,969)
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	$ 37.20
Dividend equivalent units vested, weighted average fair value (usd per share) | $ / shares	32.19
Dividend equivalent units forfeited, weighted average fair value (usd per share) | $ / shares	$ 31.77

Stock-Based Compensation Unrest

Stock-Based Compensation Unrestricted Stock Awards Activity (Details) - Unrestricted Stock	3 Months Ended
	Mar. 31, 2017$ / 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	10,147
Vested (shares) | shares	(10,147)
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	34.98
Vested, weighted average fair value (usd per share) | $ / shares	34.98
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)	3 Months Ended
	Mar. 31, 2017$ / sharesshares
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)	347,000
Granted (shares)	117,777	[1]
Vested (shares)	(126,129)
Forfeited (shares)	(40,808)
Adjustment due to the 2017 Special Cash Dividend	24,244	[1],[2]
Outstanding and nonvested, shares, end of period (shares)	314,274
Outstanding, shares, beginning of period (shares), not yet granted	19,725
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	$ 27.23
Granted, weighted average fair value (usd per share) | $ / shares	31.45	[1]
Vested, weighted average fair value (usd per share) | $ / shares	35.92
Forfeited, weighted average fair value (usd per share) | $ / shares	33.89
Outstanding and nonvested, weighted average fair value, end of period (usd per share) | $ / shares	$ 22.32
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)	1,235
Dividend equivalent units vested (shares)	(3,726)
Dividend equivalent units forfeited (shares)	(5,319)
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	$ 37.20
Dividend equivalent units vested, weighted average fair value (usd per share) | $ / shares	32.50
Dividend equivalent units forfeited, weighted average fair value (usd per share) | $ / shares	$ 38.67
[1]	Represents shares of PSUs for which performance targets have been established and which are deemed granted under U.S. GAAP.
[2]	Excludes 19,725 PSUs which have not yet been deemed granted under U.S. GAAP.

Stock-Based Compensation Costs

Stock-Based Compensation Costs Not Yet Recognized (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Nonvested awards, unrecognized compensation cost	$ 53,263
Nonvested awards, weighted average remaining recognition period	2 years 10 months 24 days

Earnings Per Share Narrative (D

Earnings Per Share Narrative (Details) - shares	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dividend equivalent units outstanding (shares)	32,988
Weighted-average warrants outstanding excluded from EPS, (shares)	102,217	258,306
Stock Compensation Plan
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from diluted EPS calculation	2,802,923	2,624,524

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
	Mar. 31, 2017	Mar. 31, 2016
Earnings Per Share [Abstract]
(Loss) income from continuing operations, as reported	$ (101,212)	$ 15,102
Less: Dividends distributed to Warrants	25	48
Less: Undistributed earnings allocated to Warrants	0	0
Net Income (Loss) Available to Common Stockholders, Basic, Continuing Operations	(101,237)	15,054
Add: Undistributed earnings allocated to dilutive securities	0	0
Net Income (Loss) Available to Common Stockholders, Diluted, Continuing Operations	(101,237)	15,054
Net Income (Loss) Available to Common Stockholders, Basic and Diluted, Discontinued Operations	15,618	(4,009)
(Loss) income from continuing operations attributable to common shareholders for basic EPS	(85,619)	11,045
(Loss) income from continuing operations attributable to common shareholders for diluted EPS	$ (85,619)	$ 11,045
Weighted average shares outstanding - basic (shares)	86,632	92,491
Impact of dilutive securities (shares)	0	132
Weighted average shares outstanding - diluted (shares)	86,632	92,623
Continuing Operations	$ (1.17)	$ 0.16
Discontinued Operations	0.18	(0.04)
Net (Loss) Earnings Per Common Share	(0.99)	0.12
Continuing Operations	(1.17)	0.16
Discontinued Operations	0.18	(0.04)
Net (Loss) Earnings Per Common Share	$ (0.99)	$ 0.12

Accumulated Other Comprehensi87

Accumulated Other Comprehensive Income (Loss) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at December 31, 2016	$ (81,782)
Other comprehensive income (loss) before reclassifications	987
Amounts reclassified from AOCI	6,656
Balance at March 31, 2017	(74,139)
Pension and Other Post-Retirement Benefit Items
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at December 31, 2016	(64,883)
Other comprehensive income (loss) before reclassifications	0
Amounts reclassified from AOCI	(44)
Balance at March 31, 2017	(64,927)
Marketable Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at December 31, 2016	3,075
Other comprehensive income (loss) before reclassifications	(94)
Amounts reclassified from AOCI	(3,042)
Balance at March 31, 2017	(61)
Cash Flow Hedging Instruments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at December 31, 2016	0
Other comprehensive income (loss) before reclassifications	(2,088)
Amounts reclassified from AOCI	788
Balance at March 31, 2017	(1,300)
Foreign Currency Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at December 31, 2016	(19,974)
Other comprehensive income (loss) before reclassifications	3,169
Amounts reclassified from AOCI	8,954
Balance at March 31, 2017	$ (7,851)

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Related Party Transaction [Line Items]
Long-term debt	$ 3,032,273	$ 3,411,551
Senior Secured Credit Agreement | Term Loan Facility | Principal Owner
Related Party Transaction [Line Items]
Long-term debt	$ 31,000	$ 31,000

Business Segments (Details)

Business Segments (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2017		Mar. 31, 2016	Dec. 31, 2016
Segment Reporting Information [Line Items]
Operating Revenues	[1]	$ 439,910		$ 468,472
Operating profit (loss)	[1],[2]	(15,232)		29,992
Depreciation	[3]	13,571		14,442
Amortization		41,659		41,665
Capital expenditures		14,634		17,848
Total Assets	[4]	8,151,981			$ 9,401,051
Assets held for sale	[5]	16,356			17,176
Gracenote Companies | Discontinued Operations, Disposed of by Sale
Segment Reporting Information [Line Items]
Capital expenditures	[7]	1,578	[6]	4,923
Discontinued Operations		0			670,758
Operating Segments | Television and Entertainment
Segment Reporting Information [Line Items]
Operating Revenues	[1]	436,033		455,875
Operating profit (loss)	[1],[2]	20,013		58,605
Depreciation	[3]	10,039		11,017
Amortization	[3]	41,659		41,665
Capital expenditures		10,807		6,833
Total Assets		7,263,209			7,484,591
Corporate and Other
Segment Reporting Information [Line Items]
Operating Revenues	[1]	3,877		12,597
Operating profit (loss)	[1],[2]	(35,245)		(28,613)
Depreciation	[3]	3,532		3,425
Capital expenditures		2,249		$ 6,092
Total Assets		$ 872,416			$ 1,228,526
[1]	(1)See Note 2 for the disclosures of operating revenues and operating profit included in discontinued operations for the historical periods.
[2]	(2)Operating profit (loss) for each segment excludes income and loss on equity investments, interest and dividend income, interest expense, non-operating items, reorganization costs and income taxes.
[3]	(3)Depreciation and amortization from discontinued operations totaled $3 million and $8 million, respectively, for the three months ended March 31, 2016.
[4]	(1) The Company’s consolidated total assets as of March 31, 2017 and December 31, 2016 include total assets of variable interest entities (“VIEs”) of $94 million and $97 million, respectively, which can only be used to settle the obligations of the VIEs. The Company’s consolidated total liabilities as of March 31, 2017 and December 31, 2016 include total liabilities of the VIEs of $2 million and $3 million, respectively, for which the creditors of the VIEs have no recourse to the Company (see Note 1).
[5]	(4)See Note 3 for information regarding real estate assets held for sale.
[6]	(1) Results of operations for the Gracenote Companies are reflected through January 31, 2017, the date of the Gracenote Sale.
[7]	(3)Non-cash investing and financing activities of Digital and Data businesses included in the Gracenote Sale were immaterial.

Business Segments Business Segm

Business Segments Business Segments Footnotes (Details) - Discontinued Operations, Disposed of by Sale - Gracenote Companies - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2017	[1]	Mar. 31, 2016
Segment Reporting Information [Line Items]
Depreciation	[2]	$ 0		$ 2,896
Amortization	[2]	$ 0		$ 7,713
[1]	(1) Results of operations for the Gracenote Companies are reflected through January 31, 2017, the date of the Gracenote Sale.
[2]	(2) No depreciation expense or amortization expense was recorded by the Company in 2017 as the Gracenote Companies’ assets were held for sale as of December 31, 2016.

Condensed Consolidating Finan91

Condensed Consolidating Financial Information Statements of Operations and Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Condensed Statement of Income Captions [Line Items]
Operating Revenues	[1]	$ 439,910	$ 468,472
Programming and direct operating expenses		240,053	221,739
Selling, general and administrative		159,859	160,634
Depreciation and amortization		55,230	56,107
Total operating expenses		455,142	438,480
Operating (Loss) Profit	[1],[2]	(15,232)	29,992
(Loss) income on equity investments, net		37,037	38,252
Interest and dividend income		505	132
Interest expense		(38,758)	(38,141)
Loss on extinguishment and modification of debt		(19,052)	0
Gain on investment transaction		4,950	0
Write-down of investment		(122,000)	0
Other non-operating items		(276)	62
Intercompany income (charges)		0	0
(Loss) Income from Continuing Operations Before Income Taxes		(152,826)	30,297
Income tax benefit		(51,614)	15,195
(Deficit) equity in earnings of consolidated subsidiaries, net of taxes		0	0
(Loss) income from continuing operations		(101,212)	15,102
Income (Loss) from Discontinued Operations, net of taxes		15,618	(4,009)
Net (Loss) Income		(85,594)	11,093
Comprehensive (Loss) Income		(77,951)	14,730
Eliminations
Condensed Statement of Income Captions [Line Items]
Operating Revenues		0	0
Programming and direct operating expenses		0	0
Selling, general and administrative		0	0
Depreciation and amortization		0	0
Total operating expenses		0	0
Operating (Loss) Profit		0	0
(Loss) income on equity investments, net		0	0
Interest and dividend income		0	0
Interest expense		0	0
Loss on extinguishment and modification of debt		0
Gain on investment transaction		0
Write-down of investment		0
Other non-operating items		0	0
Intercompany income (charges)		0	0
(Loss) Income from Continuing Operations Before Income Taxes		0	0
Income tax benefit		0	0
(Deficit) equity in earnings of consolidated subsidiaries, net of taxes		64,499	(41,496)
(Loss) income from continuing operations		64,499	(41,496)
Income (Loss) from Discontinued Operations, net of taxes		1,097	1,348
Net (Loss) Income		65,596	(40,148)
Comprehensive (Loss) Income		52,353	(44,188)
Parent (Tribune Media Company) | Reportable Legal Entities
Condensed Statement of Income Captions [Line Items]
Operating Revenues		0	0
Programming and direct operating expenses		0	0
Selling, general and administrative		32,967	25,429
Depreciation and amortization		2,948	2,569
Total operating expenses		35,915	27,998
Operating (Loss) Profit		(35,915)	(27,998)
(Loss) income on equity investments, net		(469)	(720)
Interest and dividend income		482	91
Interest expense		(38,592)	(37,894)
Loss on extinguishment and modification of debt		(19,052)
Gain on investment transaction		4,950
Write-down of investment		0
Other non-operating items		(276)	62
Intercompany income (charges)		28,218	21,992
(Loss) Income from Continuing Operations Before Income Taxes		(60,654)	(44,467)
Income tax benefit		(23,715)	(17,324)
(Deficit) equity in earnings of consolidated subsidiaries, net of taxes		(64,273)	42,245
(Loss) income from continuing operations		(101,212)	15,102
Income (Loss) from Discontinued Operations, net of taxes		15,618	(4,009)
Net (Loss) Income		(85,594)	11,093
Comprehensive (Loss) Income		(77,951)	14,730
Guarantor Subsidiaries | Reportable Legal Entities
Condensed Statement of Income Captions [Line Items]
Operating Revenues		437,487	465,970
Programming and direct operating expenses		239,232	220,527
Selling, general and administrative		126,089	134,386
Depreciation and amortization		49,162	50,358
Total operating expenses		414,483	405,271
Operating (Loss) Profit		23,004	60,699
(Loss) income on equity investments, net		37,506	38,972
Interest and dividend income		23	41
Interest expense		0	0
Loss on extinguishment and modification of debt		0
Gain on investment transaction		0
Write-down of investment		(122,000)
Other non-operating items		0	0
Intercompany income (charges)		(28,151)	(21,936)
(Loss) Income from Continuing Operations Before Income Taxes		(89,618)	77,776
Income tax benefit		(26,941)	33,660
(Deficit) equity in earnings of consolidated subsidiaries, net of taxes		(226)	(749)
(Loss) income from continuing operations		(62,903)	43,367
Income (Loss) from Discontinued Operations, net of taxes		(1,904)	(2,731)
Net (Loss) Income		(64,807)	40,636
Comprehensive (Loss) Income		(62,931)	40,739
Non-Guarantor Subsidiaries | Reportable Legal Entities
Condensed Statement of Income Captions [Line Items]
Operating Revenues		2,423	2,502
Programming and direct operating expenses		821	1,212
Selling, general and administrative		803	819
Depreciation and amortization		3,120	3,180
Total operating expenses		4,744	5,211
Operating (Loss) Profit		(2,321)	(2,709)
(Loss) income on equity investments, net		0	0
Interest and dividend income		0	0
Interest expense		(166)	(247)
Loss on extinguishment and modification of debt		0
Gain on investment transaction		0
Write-down of investment		0
Other non-operating items		0	0
Intercompany income (charges)		(67)	(56)
(Loss) Income from Continuing Operations Before Income Taxes		(2,554)	(3,012)
Income tax benefit		(958)	(1,141)
(Deficit) equity in earnings of consolidated subsidiaries, net of taxes		0	0
(Loss) income from continuing operations		(1,596)	(1,871)
Income (Loss) from Discontinued Operations, net of taxes		807	1,383
Net (Loss) Income		(789)	(488)
Comprehensive (Loss) Income		$ 10,578	$ 3,449
[1]	(1)See Note 2 for the disclosures of operating revenues and operating profit included in discontinued operations for the historical periods.
[2]	(2)Operating profit (loss) for each segment excludes income and loss on equity investments, interest and dividend income, interest expense, non-operating items, reorganization costs and income taxes.

Condensed Consolidating Finan92

Condensed Consolidating Financial Information Balance Sheets (Details) - USD ($) $ in Thousands		Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents		$ 346,221	$ 577,658	$ 324,636	$ 262,644
Restricted cash and cash equivalents		17,566	17,566
Accounts receivable, net		384,567	429,112
Broadcast rights		137,181	157,817
Income taxes receivable		7,897	9,056
Current assets of discontinued operations		0	62,605
Prepaid expenses		32,084	35,862
Other		11,538	6,624
Total current assets		937,054	1,296,300
Property, plant and equipment		686,537	711,068
Accumulated depreciation		(198,125)	(187,148)
Net properties		488,412	523,920
Investments in subsidiaries		0	0
Broadcast rights		148,832	153,457
Goodwill		3,228,047	3,227,930
Other intangible assets, net		1,777,360	1,819,134
Non-current assets of discontinued operations		0	608,153
Assets held for sale	[1]	16,356	17,176
Investments		1,473,510	1,674,883
Intercompany receivables		0	0
Intercompany loan receivable			0
Other assets		82,410	80,098
Total other assets		6,726,515	7,580,831
Total Assets (1)	[2]	8,151,981	9,401,051
Accounts payable		49,539	60,553
Debt due within one year		17,876	19,924
Income taxes payable		97,134	21,166
Contracts payable for broadcast rights		220,024	241,255
Deferred revenue		12,030	13,690
Interest payable		13,873	30,305
Current liabilities of discontinued operations		0	54,284
Other		86,845	109,676
Total current liabilities		497,321	550,853
Long-term debt		3,014,397	3,391,627
Intercompany loan payable			0
Deferred income taxes		861,490	984,248
Contracts payable for broadcast rights		292,264	314,840
Intercompany payables		0	0
Other		528,941	518,486
Non-current liabilities of discontinued operations		0	95,314
Total non-current liabilities		4,697,092	5,304,515
Total Liabilities (1)	[2]	5,194,413	5,855,368
Common stock		101	100
Treasury stock		(632,194)	(632,207)
Additional paid-in-capital		4,051,836	4,561,760
Retained (deficit) earnings		(393,953)	(308,105)
Accumulated other comprehensive (loss) income		(74,139)	(81,782)
Total Tribune Media Company shareholders’ equity		2,951,651	3,539,766
Noncontrolling interest		5,917	5,917
Total shareholders’ equity		2,957,568	3,545,683
Total Liabilities and Shareholders’ Equity		8,151,981	9,401,051
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
Current assets of discontinued operations			0
Prepaid expenses		0	0
Other		0	0
Total current assets		0	0
Property, plant and equipment		0	0
Accumulated depreciation		0	0
Net properties		0	0
Investments in subsidiaries		(10,018,411)	(10,609,030)
Broadcast rights		0	0
Goodwill		0	0
Other intangible assets, net		0	0
Non-current assets of discontinued operations			0
Assets held for sale		0	0
Investments		0	0
Intercompany receivables		(8,446,348)	(8,232,637)
Intercompany loan receivable			(27,000)
Other assets		(120,637)	(49,279)
Total other assets		(8,566,985)	(8,308,916)
Total Assets (1)		(18,585,396)	(18,917,946)
Accounts payable		0	0
Debt due within one year		0	0
Income taxes payable		0	0
Contracts payable for broadcast rights		0	0
Deferred revenue		0	0
Interest payable		0	0
Current liabilities of discontinued operations			0
Other		0	0
Total current liabilities		0	0
Long-term debt		0	0
Intercompany loan payable			(27,000)
Deferred income taxes		(120,637)	(49,279)
Contracts payable for broadcast rights		0	0
Intercompany payables		(8,446,348)	(8,232,637)
Other		0	0
Non-current liabilities of discontinued operations			0
Total non-current liabilities		(8,566,985)	(8,308,916)
Total Liabilities (1)		(8,566,985)	(8,308,916)
Common stock		0	0
Treasury stock		0	0
Additional paid-in-capital		(9,237,731)	(9,775,997)
Retained (deficit) earnings		(788,531)	(854,127)
Accumulated other comprehensive (loss) income		7,851	21,094
Total Tribune Media Company shareholders’ equity		(10,018,411)	(10,609,030)
Noncontrolling interest		0	0
Total shareholders’ equity		(10,018,411)	(10,609,030)
Total Liabilities and Shareholders’ Equity		(18,585,396)	(18,917,946)
Parent (Tribune Media Company) | Reportable Legal Entities
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents		342,957	574,638	300,466	235,508
Restricted cash and cash equivalents		17,566	17,566
Accounts receivable, net		1,184	198
Broadcast rights		0	0
Income taxes receivable		0	0
Current assets of discontinued operations			0
Prepaid expenses		9,313	11,640
Other		9,716	4,894
Total current assets		380,736	608,936
Property, plant and equipment		55,762	55,529
Accumulated depreciation		(24,412)	(21,635)
Net properties		31,350	33,894
Investments in subsidiaries		9,962,162	10,502,544
Broadcast rights		0	0
Goodwill		0	0
Other intangible assets, net		0	0
Non-current assets of discontinued operations			0
Assets held for sale		0	0
Investments		13,453	19,079
Intercompany receivables		2,282,927	2,326,261
Intercompany loan receivable			27,000
Other assets		124,675	51,479
Total other assets		2,421,055	2,423,819
Total Assets (1)		12,795,303	13,569,193
Accounts payable		25,182	29,827
Debt due within one year		13,870	15,921
Income taxes payable		0	0
Contracts payable for broadcast rights		0	0
Deferred revenue		0	0
Interest payable		13,871	30,301
Current liabilities of discontinued operations			0
Other		37,274	38,867
Total current liabilities		90,197	114,916
Long-term debt		3,004,633	3,380,860
Intercompany loan payable			0
Deferred income taxes		0	0
Contracts payable for broadcast rights		0	0
Intercompany payables		6,282,611	6,065,424
Other		466,211	468,227
Non-current liabilities of discontinued operations			0
Total non-current liabilities		9,753,455	9,914,511
Total Liabilities (1)		9,843,652	10,029,427
Common stock		101	100
Treasury stock		(632,194)	(632,207)
Additional paid-in-capital		4,051,836	4,561,760
Retained (deficit) earnings		(393,953)	(308,105)
Accumulated other comprehensive (loss) income		(74,139)	(81,782)
Total Tribune Media Company shareholders’ equity		2,951,651	3,539,766
Noncontrolling interest		0	0
Total shareholders’ equity		2,951,651	3,539,766
Total Liabilities and Shareholders’ Equity		12,795,303	13,569,193
Guarantor Subsidiaries | Reportable Legal Entities
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents		1,381	720	10,161	13,054
Restricted cash and cash equivalents		0	0
Accounts receivable, net		382,795	428,254
Broadcast rights		135,533	155,266
Income taxes receivable		7,897	9,056
Current assets of discontinued operations			37,300
Prepaid expenses		22,544	24,074
Other		1,822	1,729
Total current assets		551,972	656,399
Property, plant and equipment		521,699	547,601
Accumulated depreciation		(167,368)	(159,472)
Net properties		354,331	388,129
Investments in subsidiaries		56,249	106,486
Broadcast rights		148,768	153,374
Goodwill		3,220,300	3,220,300
Other intangible assets, net		1,690,765	1,729,829
Non-current assets of discontinued operations			514,200
Assets held for sale		16,356	17,176
Investments		1,442,162	1,637,909
Intercompany receivables		5,810,551	5,547,542
Intercompany loan receivable			0
Other assets		75,549	75,191
Total other assets		12,404,451	12,895,521
Total Assets (1)		13,367,003	14,046,535
Accounts payable		22,826	29,703
Debt due within one year		0	0
Income taxes payable		97,137	21,130
Contracts payable for broadcast rights		218,178	238,497
Deferred revenue		11,923	13,593
Interest payable		0	0
Current liabilities of discontinued operations			44,763
Other		49,289	70,589
Total current liabilities		399,353	418,275
Long-term debt		0	0
Intercompany loan payable			27,000
Deferred income taxes		823,944	871,923
Contracts payable for broadcast rights		292,198	314,755
Intercompany payables		1,910,337	1,912,259
Other		62,710	50,239
Non-current liabilities of discontinued operations			86,517
Total non-current liabilities		3,089,189	3,262,693
Total Liabilities (1)		3,488,542	3,680,968
Common stock		0	0
Treasury stock		0	0
Additional paid-in-capital		9,037,427	9,486,179
Retained (deficit) earnings		847,858	888,088
Accumulated other comprehensive (loss) income		(6,824)	(8,700)
Total Tribune Media Company shareholders’ equity		9,878,461	10,365,567
Noncontrolling interest		0	0
Total shareholders’ equity		9,878,461	10,365,567
Total Liabilities and Shareholders’ Equity		13,367,003	14,046,535
Non-Guarantor Subsidiaries | Reportable Legal Entities
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents		1,883	2,300	$ 14,009	$ 14,082
Restricted cash and cash equivalents		0	0
Accounts receivable, net		588	660
Broadcast rights		1,648	2,551
Income taxes receivable		0	0
Current assets of discontinued operations			25,305
Prepaid expenses		227	148
Other		0	1
Total current assets		4,346	30,965
Property, plant and equipment		109,076	107,938
Accumulated depreciation		(6,345)	(6,041)
Net properties		102,731	101,897
Investments in subsidiaries		0	0
Broadcast rights		64	83
Goodwill		7,747	7,630
Other intangible assets, net		86,595	89,305
Non-current assets of discontinued operations			93,953
Assets held for sale		0	0
Investments		17,895	17,895
Intercompany receivables		352,870	358,834
Intercompany loan receivable			0
Other assets		2,823	2,707
Total other assets		467,994	570,407
Total Assets (1)		575,071	703,269
Accounts payable		1,531	1,023
Debt due within one year		4,006	4,003
Income taxes payable		(3)	36
Contracts payable for broadcast rights		1,846	2,758
Deferred revenue		107	97
Interest payable		2	4
Current liabilities of discontinued operations			9,521
Other		282	220
Total current liabilities		7,771	17,662
Long-term debt		9,764	10,767
Intercompany loan payable			0
Deferred income taxes		158,183	161,604
Contracts payable for broadcast rights		66	85
Intercompany payables		253,400	254,954
Other		20	20
Non-current liabilities of discontinued operations			8,797
Total non-current liabilities		421,433	436,227
Total Liabilities (1)		429,204	453,889
Common stock		0	0
Treasury stock		0	0
Additional paid-in-capital		200,304	289,818
Retained (deficit) earnings		(59,327)	(33,961)
Accumulated other comprehensive (loss) income		(1,027)	(12,394)
Total Tribune Media Company shareholders’ equity		139,950	243,463
Noncontrolling interest		5,917	5,917
Total shareholders’ equity		145,867	249,380
Total Liabilities and Shareholders’ Equity		$ 575,071	$ 703,269
[1]	(4)See Note 3 for information regarding real estate assets held for sale.
[2]	(1) The Company’s consolidated total assets as of March 31, 2017 and December 31, 2016 include total assets of variable interest entities (“VIEs”) of $94 million and $97 million, respectively, which can only be used to settle the obligations of the VIEs. The Company’s consolidated total liabilities as of March 31, 2017 and December 31, 2016 include total liabilities of the VIEs of $2 million and $3 million, respectively, for which the creditors of the VIEs have no recourse to the Company (see Note 1).

Condensed Consolidating Finan93

Condensed Consolidating Financial Information Statement of Cash Flows (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017		Mar. 31, 2016
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	$ 75,213,000		$ 122,299,000
Capital expenditures	(14,634,000)		(17,848,000)
Investments	0		(88,000)
Net proceeds from the sale of business	554,725,000		0
Proceeds from sales of real estate and other assets	44,315,000		1,486,000
Proceeds from the sale of investment	4,950,000		0
Transfers from restricted cash	0		4,000
Intercompany dividend			0
Net cash provided by (used in) investing activities	589,356,000		(16,446,000)
Long-term borrowings	202,694,000		0
Repayments of long-term debt	(584,245,000)		(6,960,000)
Long-term debt issuance costs	(1,689,000)		(622,000)
Payments of dividends	(520,849,000)		(23,215,000)
Common stock repurchases	0		(8,938,000)
Tax withholdings related to net share settlements of share-based awards	(7,053,000)		(4,126,000)
Proceeds from stock option exercises	2,385,000		0
Intercompany dividend			0
Change in intercompany receivables and payables (1)	0	[1]	0
Net cash used in financing activities	(908,757,000)		(43,861,000)
Net (Decrease) in Cash and Cash Equivalents	(244,188,000)		61,992,000
Cash and cash equivalents, beginning of period (1)	590,409,000	[2]	262,644,000
Cash and cash equivalents, end of period	346,221,000		324,636,000
Non-cash settlement of intercompany balances	54,000,000		56,000,000
Eliminations
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	0		0
Capital expenditures	0		0
Investments			0
Net proceeds from the sale of business	0
Proceeds from sales of real estate and other assets	0		0
Proceeds from the sale of investment	0
Transfers from restricted cash			0
Intercompany dividend			(3,326,000)
Net cash provided by (used in) investing activities	0		(3,326,000)
Long-term borrowings	0
Repayments of long-term debt	0		0
Long-term debt issuance costs	0		0
Payments of dividends	0		0
Common stock repurchases			0
Tax withholdings related to net share settlements of share-based awards	0		0
Proceeds from stock option exercises	0
Intercompany dividend			3,326,000
Change in intercompany receivables and payables (1)	0	[1]	0
Net cash used in financing activities	0		3,326,000
Net (Decrease) in Cash and Cash Equivalents	0		0
Cash and cash equivalents, beginning of period (1)	0
Cash and cash equivalents, end of period	0		0
Parent (Tribune Media Company) | Reportable Legal Entities
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	(133,188,000)		(56,143,000)
Capital expenditures	(1,413,000)		(4,336,000)
Investments			0
Net proceeds from the sale of business	571,749,000
Proceeds from sales of real estate and other assets	0		0
Proceeds from the sale of investment	4,950,000
Transfers from restricted cash			0
Intercompany dividend			3,326,000
Net cash provided by (used in) investing activities	575,286,000		(1,010,000)
Long-term borrowings	202,694,000
Repayments of long-term debt	(583,232,000)		(5,948,000)
Long-term debt issuance costs	(1,689,000)		(622,000)
Payments of dividends	(520,849,000)		(23,215,000)
Common stock repurchases			(8,938,000)
Tax withholdings related to net share settlements of share-based awards	(7,053,000)		(4,126,000)
Proceeds from stock option exercises	2,385,000
Intercompany dividend			0
Change in intercompany receivables and payables (1)	233,965,000	[1]	164,960,000
Net cash used in financing activities	(673,779,000)		122,111,000
Net (Decrease) in Cash and Cash Equivalents	(231,681,000)		64,958,000
Cash and cash equivalents, beginning of period (1)	574,638,000
Cash and cash equivalents, end of period	342,957,000		300,466,000
Guarantor Subsidiaries | Reportable Legal Entities
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	209,446,000		181,150,000
Capital expenditures	(12,468,000)		(12,115,000)
Investments			(88,000)
Net proceeds from the sale of business	(5,249,000)
Proceeds from sales of real estate and other assets	44,315,000		805,000
Proceeds from the sale of investment	0
Transfers from restricted cash			4,000
Intercompany dividend			0
Net cash provided by (used in) investing activities	26,598,000		(11,394,000)
Long-term borrowings	0
Repayments of long-term debt	0		0
Long-term debt issuance costs	0		0
Payments of dividends	0		0
Common stock repurchases			0
Tax withholdings related to net share settlements of share-based awards	0		0
Proceeds from stock option exercises	0
Intercompany dividend			(3,326,000)
Change in intercompany receivables and payables (1)	(239,190,000)	[1]	(169,323,000)
Net cash used in financing activities	(239,190,000)		(172,649,000)
Net (Decrease) in Cash and Cash Equivalents	(3,146,000)		(2,893,000)
Cash and cash equivalents, beginning of period (1)	4,527,000
Cash and cash equivalents, end of period	1,381,000		10,161,000
Non-Guarantor Subsidiaries | Reportable Legal Entities
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	(1,045,000)		(2,708,000)
Capital expenditures	(753,000)		(1,397,000)
Investments			0
Net proceeds from the sale of business	(11,775,000)
Proceeds from sales of real estate and other assets	0		681,000
Proceeds from the sale of investment	0
Transfers from restricted cash			0
Intercompany dividend			0
Net cash provided by (used in) investing activities	(12,528,000)		(716,000)
Long-term borrowings	0
Repayments of long-term debt	(1,013,000)		(1,012,000)
Long-term debt issuance costs	0		0
Payments of dividends	0		0
Common stock repurchases			0
Tax withholdings related to net share settlements of share-based awards	0		0
Proceeds from stock option exercises	0
Intercompany dividend			0
Change in intercompany receivables and payables (1)	5,225,000	[1]	4,363,000
Net cash used in financing activities	4,212,000		3,351,000
Net (Decrease) in Cash and Cash Equivalents	(9,361,000)		(73,000)
Cash and cash equivalents, beginning of period (1)	11,244,000
Cash and cash equivalents, end of period	$ 1,883,000		$ 14,009,000
[1]	Excludes the impact of a $54 million non-cash settlement of intercompany balances upon the sale of certain Guarantor and Non-Guarantor subsidiaries included in the Gracenote Sale.
[2]	(1)Cash and cash equivalents at the beginning of the three months ended March 31, 2017 of $590 million are comprised of $578 million of cash and cash equivalents from continuing operations as reflected in the Company’s unaudited Condensed Consolidated Balance Sheets and $13 million of cash and cash equivalents reflected in current assets of discontinued operations, as further described in Note 2.

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event - Sinclair Merger	May 08, 2017$ / shares
Subsequent Event [Line Items]
Cash consideration (usd per share)	$ 35
Exchange ratio	0.2300
Sinclair
Subsequent Event [Line Items]
Sinclair common stock (usd per share)	$ 0.01