Tribune Media 10-Q 10 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	3 Months Ended
	Mar. 31, 2019	Apr. 30, 2019
Entity Listings [Line Items]
Entity Registrant Name	Tribune Media Company
Entity Central Index Key	0000726513
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Common Class A
Entity Listings [Line Items]
Entity Common Stock, Shares Outstanding		88,277,941
Common Class B
Entity Listings [Line Items]
Entity Common Stock, Shares Outstanding		5,557

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Operations - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Operating Revenues
Total operating revenues		$ 454,988	$ 443,635
Operating Expenses
Programming		119,887	100,741
Direct operating expenses		99,163	101,388
Selling, general and administrative		133,262	131,956
Depreciation		12,952	13,775
Amortization		35,021	41,687
Gain on sales of spectrum		0	(133,197)
Total operating expenses		400,285	256,350
Operating Profit	[1]	54,703	187,285
Income on equity investments, net		45,685	39,137
Interest income		6,247	1,898
Interest expense		(43,615)	(40,631)
Pension and other postretirement periodic benefit credit, net		4,630	7,084
Gain on investment transactions		86,272	3,888
Other non-operating (loss) gain, net		(1,623)	117
Reorganization items, net		(1,318)	(893)
Income Before Income Taxes		150,981	197,885
Income tax expense		37,777	56,702
Net Income		113,204	141,183
Net loss attributable to noncontrolling interests		4	6
Net Income attributable to Tribune Media Company		$ 113,208	$ 141,189
Earnings Per Share
Earnings Per Share, Basic		$ 1.29	$ 1.61
Earnings Per Share, Diluted		$ 1.27	$ 1.60
Corporate and Other
Operating Revenues
Total operating revenues		$ 1,561	$ 2,933
Operating Expenses
Depreciation		1,890	2,905
Operating Profit	[1]	(25,222)	(24,567)
Television and Entertainment
Operating Revenues
Total operating revenues		$ 453,427	$ 440,702
[1]	(1)Operating profit (loss) for each segment excludes income and loss on equity investments, interest income, interest expense, pension and other postretirement period benefit cost (credit), non-operating items, reorganization costs and income taxes.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Net Income	$ 113,204	$ 141,183
Adjustment for previously unrecognized benefit plan gains and losses included in net income, net of taxes of $(19) and $(16) for the three months ended March 31, 2019 and March 31, 2018, respectively	(54)	(46)
Unrealized gains and losses, net of taxes of $(1,740) and $2,596 for the three months ended March 31, 2019 and March 31, 2018, respectively	(5,018)	7,487
Gains and losses reclassified to net income, net of taxes of $(74) and $214 for the three months ended March 31, 2019 and March 31, 2018, respectively	(212)	616
Change in unrecognized gains and losses on cash flow hedging instruments, net of taxes	(5,230)	8,103
Change in foreign currency translation adjustments, net of taxes of $(5) and $(9) for the three months ended March 31, 2019 and March 31, 2018, respectively	(328)	435
Other Comprehensive Income (Loss), net of taxes	(5,612)	8,492
Comprehensive Income	107,592	149,675
Comprehensive loss attributable to noncontrolling interests	4	6
Comprehensive Income Attributable to Tribune Media Company	$ 107,596	$ 149,681

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Taxes on Adjustment for previously unrecognized benefit plan gains and losses included in net income	$ (19)	$ (16)
Taxes on Change in unrealized gains and losses on cash flow hedging instrument arising during the period	(1,740)	2,596
Taxes on gains and losses on cash flow hedging instrument reclassified to net income	(74)	214
Taxes on Change in foreign currency translation adjustments	$ (5)	$ (9)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands		Mar. 31, 2019	Dec. 31, 2018
Current Assets
Cash and cash equivalents		$ 1,294,249	$ 1,063,041
Restricted cash and cash equivalents		16,607	16,607
Accounts receivable (net of allowances of $4,718 and $4,461)		405,007	416,938
Broadcast rights		87,645	98,269
Income taxes receivable		17,625	23,922
Prepaid expenses		26,112	19,444
Other		7,559	7,509
Total current assets		1,854,804	1,645,730
Properties
Property, plant and equipment		636,908	687,377
Accumulated depreciation		(277,919)	(266,078)
Net properties		358,989	421,299
Other Assets
Broadcast rights		82,132	95,876
Operating lease right-of-use assets		151,485	0
Goodwill		3,228,436	3,228,601
Other intangible assets, net		1,405,559	1,442,456
Assets held for sale	[1]	60,177	0
Investments		1,136,553	1,264,437
Other		141,999	152,992
Total other assets		6,206,341	6,184,362
Total Assets (1)	[2]	8,420,134	8,251,391
Current Liabilities
Accounts payable		43,605	44,897
Income taxes payable		101,856	9,973
Employee compensation and benefits		45,610	79,482
Contracts payable for broadcast rights		220,255	232,687
Deferred revenue		12,679	12,508
Interest payable		14,509	30,086
Operating lease liabilities (Note 3)		24,230	0
Other		40,093	42,160
Total current liabilities		502,837	451,793
Non-Current Liabilities
Long-term debt (net of unamortized discounts and debt issuance costs of $27,726 and $29,434)		2,927,791	2,926,083
Deferred income taxes		515,764	573,924
Contracts payable for broadcast rights		201,525	233,275
Pension obligations, net		375,919	380,322
Postretirement, medical, life and other benefits		8,122	8,298
Operating lease liabilities		143,798	0
Other obligations		118,613	154,599
Total non-current liabilities		4,291,532	4,276,501
Total Liabilities (1)	[2]	4,794,369	4,728,294
Commitments and Contingent Liabilities
Shareholders’ Equity
Preferred stock		0	0
Common Stock		102	102
Treasury stock, at cost: 14,102,185 shares at March 31, 2019 and December 31, 2018		(632,194)	(632,194)
Additional paid-in-capital		4,035,660	4,031,233
Retained earnings		327,401	223,734
Accumulated other comprehensive loss		(110,579)	(104,967)
Total Tribune Media Company shareholders’ equity		3,620,390	3,517,908
Noncontrolling interests		5,375	5,189
Total shareholders’ equity		3,625,765	3,523,097
Total Liabilities and Shareholders’ Equity		8,420,134	8,251,391
Class A Common Stock
Shareholders’ Equity
Common Stock		102	102
Total shareholders’ equity		102	102
Class B Common Stock
Shareholders’ Equity
Common Stock		0	0
Total shareholders’ equity		$ 0	$ 0
[1]	(2)See Note 2 for information regarding assets held for sale.
[2]	(1) The Company’s consolidated total assets as of March 31, 2019 and December 31, 2018 include total assets of variable interest entities (“VIEs”) of $69 million and $73 million, respectively, which can only be used to settle the obligations of the VIEs. The Company’s consolidated total liabilities as of March 31, 2019 and December 31, 2018 include total liabilities of the VIEs of $27 million and $28 million, respectively, for which the creditors of the VIEs have no recourse to the Company (see Note 1).

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands		Mar. 31, 2019	Dec. 31, 2018
Allowance for Doubtful Accounts		$ 4,718	$ 4,461
Preferred stock par value (usd per share)		$ 0.001	$ 0.001
Preferred stock authorized for issuance, shares		40,000,000	40,000,000
Preferred stock shares issued		0	0
Preferred stock shares outstanding		0	0
Treasury stock issued, shares		14,102,185	14,102,185
Assets	[1]	$ 8,420,134	$ 8,251,391
Liabilities	[1]	$ 4,794,369	$ 4,728,294
Class A Common Stock
Common stock, par value (usd per share)		$ 0.001	$ 0.001
Common stock, authorized for issuance, shares		1,000,000,000	1,000,000,000
Common stock issued, shares		102,349,311	101,790,837
Common stock outstanding, shares		88,247,126	87,688,652
Class B Common Stock
Common stock, par value (usd per share)		$ 0.001	$ 0.001
Common stock, authorized for issuance, shares		1,000,000,000	1,000,000,000
Common stock issued, shares		5,557	5,557
Common stock outstanding, shares		5,557	5,557
Senior Secured Credit Agreement | Term Loan Facility
Debt instrument, unamortized discount and debt issuance costs		$ 19,000	$ 20,000
Noncurrent | Senior Secured Credit Agreement | Term Loan Facility
Debt instrument, unamortized discount and debt issuance costs		27,726	29,434
Variable Interest Entity, Primary Beneficiary
Assets		69,000	73,000
Liabilities		$ 27,000	$ 28,000
[1]	(1) The Company’s consolidated total assets as of March 31, 2019 and December 31, 2018 include total assets of variable interest entities (“VIEs”) of $69 million and $73 million, respectively, which can only be used to settle the obligations of the VIEs. The Company’s consolidated total liabilities as of March 31, 2019 and December 31, 2018 include total liabilities of the VIEs of $27 million and $28 million, respectively, for which the creditors of the VIEs have no recourse to the Company (see Note 1).

Condensed Consolidated Statem_4

Condensed Consolidated Statement Of Shareholders' Equity - USD ($) $ in Thousands	Total	Regular Cash Dividend	Class A Common Stock	Class B Common Stock	Retained Earnings	Retained EarningsRegular Cash Dividend	Accumulated Other Comprehensive Loss	Additional Paid-In Capital	Additional Paid-In CapitalRegular Cash Dividend	Treasury Stock	Non- controlling Interests
Beginning Balance at Dec. 31, 2017	$ 3,217,180		$ 101	$ 0	$ (114,240)		$ (48,061)	$ 4,011,530		$ (632,194)	$ 44
Beginning balance, Shares at Dec. 31, 2017			101,429,999	5,557
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss)	141,183
Net Income attributable to Tribune Media Company	141,189				141,189
Net loss attributable to noncontrolling interests	(6)										(6)
Other comprehensive income (loss), net of taxes	8,492						8,492
Comprehensive income, Net of Tax, Including Portion Attributable to Noncontrolling Interest	149,675
Regular dividends declared to shareholders and warrant holders, $0.25 per share		$ (21,922)				$ (22,243)			$ 321
Stock-based compensation	5,114							5,114
Net share settlements of stock-based awards	(4,912)		$ 1					(4,913)
Net share settlements of stock-based awards, shares			283,545
Ending Balance at Mar. 31, 2018	3,345,135		$ 102	$ 0	4,706		(39,569)	4,012,052		(632,194)	38
Ending balance, Shares at Mar. 31, 2018			101,713,544	5,557
Beginning Balance at Dec. 31, 2018	3,523,097		$ 102	$ 0	223,734		(104,967)	4,031,233		(632,194)	5,189
Beginning balance, Shares at Dec. 31, 2018			101,790,837	5,557
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss)	113,204
Net Income attributable to Tribune Media Company	113,208				113,208
Net loss attributable to noncontrolling interests	(4)										(4)
Other comprehensive income (loss), net of taxes	(5,612)						(5,612)
Comprehensive income, Net of Tax, Including Portion Attributable to Noncontrolling Interest	107,592
Regular dividends declared to shareholders and warrant holders, $0.25 per share		$ (22,061)				$ (22,349)			$ 288
Stock-based compensation	5,418							5,418
Net share settlements of stock-based awards	(1,279)		$ 0					(1,279)
Net share settlements of stock-based awards, shares			558,474
Cumulative effect of a change in accounting principle	12,808				12,808
Contributions from noncontrolling interest, net	190										190
Ending Balance at Mar. 31, 2019	$ 3,625,765		$ 102	$ 0	$ 327,401		$ (110,579)	$ 4,035,660		$ (632,194)	$ 5,375
Ending balance, Shares at Mar. 31, 2019			102,349,311	5,557

Condensed Consolidated Statem_5

Condensed Consolidated Statement Of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Regular Cash Dividend
Dividends declared per common share (usd per share)	$ 0.25	$ 0.25

Condensed Consolidated Statem_6

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Operating Activities
Net Income	$ 113,204	$ 141,183
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation	$ 5,418	5,114
Entity Small Business	false
Pension credit	$ (4,363)	(6,750)
Depreciation	12,952	13,775
Amortization of other intangible assets	35,021	41,687
Income on equity investments, net	(45,685)	(39,137)
Distributions from equity investments	153,082	115,137
Amortization of debt issuance costs and original issue discount	1,832	1,848
Gain on sales of spectrum (Note 8)	0	(133,197)
Gain on investment transactions	(86,272)	(3,888)
Spectrum repack reimbursements	(3,673)	0
Other non-operating loss (gain), net	927	(117)
Changes in working capital items:
Accounts receivable, net	11,868	35,770
Prepaid expenses and other current assets	(6,196)	(10,794)
Accounts payable	3,518	(2,881)
Employee compensation and benefits, accrued expenses and other current liabilities	(52,889)	(40,925)
Deferred revenue	171	1,697
Income taxes	98,181	40,144
Change in broadcast rights, net of liabilities	(19,814)	(18,942)
Deferred income taxes	(60,743)	16,726
Other, net	972	945
Net cash provided by operating activities	157,511	157,395
Investing Activities
Capital expenditures	(13,378)	(13,673)
Spectrum repack reimbursements	3,673	0
Proceeds from the sales of investments	107,500	3,890
Other, net	(948)	16
Net cash provided by (used in) investing activities	96,847	(9,767)
Financing Activities
Payments of dividends	(22,061)	(21,922)
Tax withholdings related to net share settlements of share-based awards	(8,288)	(5,493)
Proceeds from stock option exercises	7,009	581
Contribution from noncontrolling interest	190	0
Net cash used in financing activities	(23,150)	(26,834)
Net Increase in Cash, Cash Equivalents and Restricted Cash	231,208	120,794
Cash, cash equivalents and restricted cash, beginning of period	1,079,648	691,251
Cash, cash equivalents and restricted cash, end of period	1,310,856	812,045
Cash, Cash Equivalents and Restricted Cash are Comprised of:
Cash and cash equivalents	1,294,249	795,438
Restricted cash and cash equivalents	16,607	16,607
Cash, cash equivalents and restricted cash, end of period	1,310,856	812,045
Supplemental Schedule of Cash Flow Information
Interest	57,329	54,866
Income taxes, net	$ (445)	$ (425)

Basis Of Presentation And Signi

Basis Of Presentation And Significant Accounting Policies	3 Months Ended
	Mar. 31, 2019
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 year ended December 31, 2018 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, 2019 and the results of operations and cash flows for the three months ended March 31, 2019 and March 31, 2018 . 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. Nexstar Merger Agreement —On November 30, 2018, the Company entered into an Agreement and Plan of Merger (the “Nexstar Merger Agreement”) with Nexstar Media Group, Inc. (“Nexstar”) and Titan Merger Sub, Inc. (the “Nexstar Merger Sub”) providing for the acquisition by Nexstar 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 Nexstar Merger Sub with and into Tribune Media Company, with the Company surviving the merger as a wholly-owned subsidiary of Nexstar (the “Nexstar Merger”). In the Nexstar Merger, each share of Common Stock issued and outstanding immediately prior to the effective time of the Nexstar Merger (the “Effective Time”) (other than shares held by (i) any Tribune subsidiary, Nexstar or any Nexstar subsidiary or (ii) Tribune shareholders who have not voted in favor of adopting the Nexstar Merger Agreement and who have demanded and perfected (and not validly withdrawn or waived) their appraisal rights in compliance with Section 262 of the DGCL) will be converted into the right to receive a cash payment of $46.50 (the “base merger consideration”), plus, if the Nexstar Merger closes after August 31, 2019 (the “Adjustment Date”), an additional amount in cash equal to (a) (i) $0.009863 multiplied by (ii) the number of calendar days elapsed after Adjustment Date to and including the date on which the Nexstar Merger closes, minus (b) the amount of any dividends declared by the Company after the Adjustment Date with a record date prior to the date on which the Nexstar Merger closes, in each case, without interest and less any required withholding taxes (the “additional per share consideration”, and together with the base merger consideration, the “Nexstar Merger Consideration”). The additional per share consideration will not be less than zero. Each option to purchase shares of Common Stock outstanding as of immediately prior to the Effective Time, whether or not vested or exercisable, will be cancelled and converted into the right to receive, for each share of Common Stock subject to such stock option, a cash payment equal to the excess, if any, of the value of the Nexstar Merger Consideration over the exercise price per share of such stock option, without any interest and subject to all applicable withholding. Any stock option that has an exercise price per share that is greater than or equal to the Nexstar Merger Consideration will be cancelled for no consideration or payment. Each award of restricted stock units outstanding as of immediately prior to the Effective Time, whether or not vested, will immediately vest and be cancelled and converted into the right to receive a cash payment equal to the product of the total number of shares of Common Stock underlying such restricted stock unit multiplied by the Nexstar Merger Consideration, without any interest and subject to all applicable withholding (the “RSU Consideration”), except that each award of restricted stock units granted to an employee on or after December 1, 2018 (other than restricted stock units required to be granted pursuant to employment agreements or offer letters) (“Annual Tribune RSUs”) that has vested as of the Effective Time of the Nexstar Merger will be cancelled and converted into the right to receive the RSU Consideration and any Annual Tribune RSUs that remain unvested as of the Effective Time of the Nexstar Merger will be cancelled for no consideration or payment. Each award of performance stock units outstanding as of immediately prior to the Effective Time, whether or not vested, will immediately vest (with performance conditions for each open performance period as of the closing date deemed achieved at the applicable “target” level performance for such performance stock units) and be cancelled and converted into the right to receive a cash payment equal to the product of the total number of shares of Common Stock underlying such performance stock units multiplied by the Nexstar Merger Consideration, without any interest and subject to all applicable withholding. Each outstanding award of deferred stock units outstanding as of immediately prior to the Effective Time will be cancelled and converted into the right to receive a cash payment equal to the product of the total number of shares of Common Stock underlying such deferred stock units multiplied by the Nexstar Merger Consideration, without interest and subject to all applicable withholding. Each unexercised warrant to purchase shares of Common Stock outstanding as of immediately prior to the Effective Time will be assumed by Nexstar and converted into a warrant exercisable for the Nexstar Merger Consideration which the shares of Common Stock underlying such warrant would have been entitled to receive upon consummation of the Nexstar Merger and otherwise upon the same terms and conditions of such warrant immediately prior to the Effective Time. The consummation of the Nexstar Merger is subject to the satisfaction or waiver of certain customary conditions, including, among others: (i) the adoption of the Nexstar Merger by holders of a majority of the Company’s outstanding Common Stock, (ii) the receipt of approval from the Federal Communications Commission (the “FCC”) (the “FCC Approval”) and the expiration or termination of the waiting period applicable to the Nexstar Merger under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”) (the “HSR Approval”) and (iii) the absence of any order or law of any governmental authority that prohibits or makes illegal the consummation of the Nexstar Merger. The Company’s and Nexstar’s respective obligations to consummate the Nexstar Merger are also subject to certain additional customary conditions, including (i) the accuracy of the representations and warranties of the other party (generally subject to a “material adverse effect” standard), (ii) performance by the other party of its covenants in the Nexstar Merger Agreement in all material respects and (iii) with respect to Nexstar’s obligation to consummate the Nexstar Merger, since the date of the Nexstar Merger Agreement, no material adverse effect with respect to the Company having occurred. The applications for FCC approval (the “Merger Applications”) were filed on January 7, 2019. On February 14, 2019, the FCC issued a public notice of filing of the Merger Applications which set deadlines for petitions to deny the applications, oppositions to petitions to deny and replies to oppositions to petitions to deny. On February 7, 2019, the Company received a request for additional information and documentary material, often referred to as a “second request,” from the United States Department of Justice (the “DOJ”) in connection with the Nexstar Merger Agreement. The second request was issued under the HSR Act. Nexstar received a substantively identical request for additional information and documentary material from the DOJ in connection with the transactions contemplated by the Nexstar Merger Agreement. Consummation of the transactions contemplated by the Nexstar Merger Agreement is conditioned on expiration of the waiting period applicable under the HSR Act, among other conditions. Issuance of the second request extends the waiting period under the HSR Act until 30 days after Nexstar and the Company have substantially complied with the second request, unless the waiting period is terminated earlier by the DOJ or the parties voluntarily extend the time for closing. On March 12, 2019, holders of a majority of the outstanding shares of the Company’s Class A Common Stock and Class B Common Stock, voting as a single class, voted on and approved the Nexstar Merger Agreement at a duly called special meeting of Tribune Media Company shareholders. On March 20, 2019, in connection with its divestiture obligations under the Nexstar Merger Agreement, Nexstar entered into definitive asset purchase agreements with TEGNA Inc. (“TEGNA”) and The E.W. Scripps Company (“Scripps”) to sell a total of 19 stations (including 10 Tribune Media Company-owned stations, as well as 3 stations to which the Company provides certain services (WTKR-TV, Norfolk, VA, WGNT-TV, Portsmouth, VA and WNEP-TV, Scranton, PA, collectively, the “Dreamcatcher Stations”)) in 15 markets to TEGNA and Scripps following the completion of the Nexstar Merger (the “Nexstar Transactions”). Additionally, on April 8, 2019, Nexstar entered into a definitive agreement with Circle City Broadcasting I, Inc. (“CCB”) to sell 2 Nexstar stations to CCB following the completion of the Nexstar Merger. The consummation of each transaction is subject to the satisfaction or waiver of certain customary conditions, including, among others, (i) the closing of the transactions contemplated by the Nexstar Merger Agreement, (ii) the receipt of approval from the FCC and the DOJ and the expiration or termination of any waiting period applicable to such transaction under the HSR Act and (iii) the absence of certain legal impediments to the consummation of such transaction. On April 15, 2019, the Federal Trade Commission issued an early termination notice with respect to the waiting period applicable under the HSR Act in connection with the transaction with Scripps. On April 2, 2019, the Company exercised an option with Dreamcatcher Broadcasting LLC (“Dreamcatcher”) to repurchase the Dreamcatcher Stations, to be consummated substantially concurrent with the closing of the Nexstar Merger (the “Dreamcatcher Repurchase”). Following the consummation of the Dreamcatcher Repurchase, the Dreamcatcher Stations are expected to be sold to TEGNA and Scripps in connection with the Nexstar Merger. In the event the Company is unable to consummate the Nexstar Merger, the Company may rescind its option to repurchase the Dreamcatcher stations. Applications seeking FCC consent to station divestitures necessary to obtain the FCC Approval (the “Divestiture Applications”) were filed on April 3, 2019, April 8, 2019, April 10, 2019 and April 16, 2019. On April 26, 2019, the FCC issued a public notice of the filing of the Divestiture Applications which set deadlines for petitions to deny the applications, oppositions to petitions to deny and replies to oppositions to petitions to deny. The Nexstar Merger Agreement may be terminated at any time prior to the Effective Time: (i) by mutual written consent of Nexstar and the Company; (ii) by either Nexstar or the Company (a) if the Effective Time has not occurred on or before November 30, 2019, provided that (x) if, on the initial end date, any of the conditions to the consummation of the Nexstar Merger related to the HSR Approval or the FCC Approval have not been satisfied, but all other conditions the consummation of the Nexstar Merger have been satisfied or waived or capable of being satisfied, then the end date will be automatically extended to February 29, 2020 and (y) in the event the marketing period for the debt financing for the transaction has commenced but has not completed by the end date, the end date may be extended (or further extended) by Nexstar on one occasion in its sole discretion by providing written notice thereof to the Company at least one business day prior to the end date until the date that is four business days after the last scheduled expiration date of the marketing period (unless the failure of the Effective Time to occur before the end date was primarily due to such party’s breach of any of its obligations under the Nexstar Merger Agreement), (b) if any governmental authority of competent jurisdiction has issued an order permanently prohibiting the consummation of the Nexstar Merger and such order has become final and non-appealable (unless such order was primarily attributable to such party’s breach of the Nexstar Merger Agreement); and (iii) by either Nexstar or the Company in certain circumstances, as described in the Nexstar Merger Agreement. As further described in Note 1 to the Company’s audited consolidated financial statements for the year ended December 31, 2018 , the Company must pay Nexstar a termination fee of $135 million if the Company or Nexstar terminate the Nexstar Merger Agreement in certain circumstances, except that such termination fee may be reduced by any previously paid amounts relating to the documented, out-of-pocket expenses of Nexstar in an amount not to exceed $15 million . Change in Accounting Principles —In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“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 needs to recognize on its balance sheet a right-of-use asset and a lease liability for the majority of its leases (other than leases with a term of less than 12 months). The lease liabilities should be equal to the present value of minimum lease payments. The right-of-use asset is measured at the lease liability amount, adjusted for lease prepayment, lease incentives received and the lessee’s initial direct costs. In January 2018, the FASB issued ASU No. 2018-01, “Leases (Topic 842) - Land Easement Practical Expedient for Transition to Topic 842,” which provides an optional transition practical expedient to not evaluate under Topic 842 existing or expired land easements that were not previously accounted for as leases under the current leases guidance in Topic 840. In July 2018, the FASB issued ASU No. 2018-10, “Codification Improvements to Topic 842, Leases,” and ASU No. 2018-11, “Leases (Topic 842), Targeted Improvements,” which affect certain aspects of the previously issued guidance including an additional transition method as well as a new practical expedient for lessors. In December 2018, the FASB issued ASU No. 2018-19, “Codification Improvements to Topic 326, Financial Instruments - Credit Losses” and ASU No. 2018-20, “Leases (Topic 842), Narrow-Scope Improvements for Lessors,” which provide additional guidance for lessor accounting as well as a new practical expedient for lessors. In March 2019, the FASB issued ASU No. 2019-01, “Leases (Topic 842), Codification Improvements,” which provides additional guidance on disclosure requirements. The Company adopted Topic 842 in the first quarter of 2019. The adoption of Topic 842 did not have a material impact on the Company’s unaudited Condensed Consolidated Statements of Operations, unaudited Condensed Consolidated Statements of Comprehensive Income (Loss) and unaudited Condensed Consolidated Statements of Cash Flows. Refer to Note 3 for information regarding the impacts of the adoption. See the Leases accounting policy below for additional information. In August 2017, the FASB issued ASU No. 2017-12, “Derivatives and Hedging (Topic 815).” The standard simplifies the application of the hedge accounting guidance and enables entities to better portray the economic results of their risk management activities in the financial statements. The new guidance eliminates the requirement and the ability to separately record ineffectiveness on cash flow and net investment hedges and generally requires the entire change in the fair value of a hedging instrument to be presented in the same income statement line as the hedged item. The standard requires certain additional disclosures that focus on the effect of hedge accounting whereas the disclosure of hedge ineffectiveness is eliminated. The amendments expand the types of permissible hedging strategies. Additionally, the amendment makes the hedge documentation and effectiveness assessment less complex. The amendments in ASU 2017-12 related to cash flow hedge relationships that exist on the date of adoption should be applied using a modified retrospective approach with the cumulative effect of initially applying ASU 2017-12 at the date of initial application. The presentation and disclosure requirements apply prospectively. The Company adopted ASU 2017-12 in the first quarter of 2019. The adoption of this standard did not have a material impact on the Company’s consolidated financial statements. 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 year ended December 31, 2018. 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. Leases —The Company determines whether an arrangement contains a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets, current operating lease liabilities and non-current operating lease liabilities in the unaudited Condensed Consolidated Balance Sheets. The Company does not currently have any finance lease arrangements. ROU assets represent the Company’s right to use an underlying asset for the lease term. The operating lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at the commencement date based on the present value of the fixed lease payments over the lease term. Unless the rate of interest implicit in the lease arrangement is known, the Company’s collateralized incremental borrowing rate for a period commensurate with the lease term at lease commencement is used to calculate the present value of the lease payments. When the Company knows the implicit rate of interest in the arrangement, that rate is used. The operating lease ROU asset includes any prepaid lease payments, initial direct costs, if applicable, less lease incentives. The Company has lease agreements with lease and non-lease components. To the extent the non-lease components require fixed payments, the Company accounts for both the lease and non-lease component as a single lease component in accordance with Topic 842. Leases generally include options to extend or terminate a lease. These options are included in the lease term when it is reasonably certain that the Company will exercise the renewal or termination option. The Company does not record an operating lease ROU asset or liability for leases with a term of twelve months or less with the related lease expense recognized over the term of the lease. Operating lease expense is recognized on a straight-line basis over the lease term. Revenue Recognition —The Company recognizes revenues when control of the promised goods or services is transferred to the Company’s customers in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. The following table represents the Company’s revenues disaggregated by revenue source for the Television and Entertainment segment (in thousands): Three Months Ended March 31, 2019 March 31, 2018 Advertising $ 269,889 $ 270,439 Retransmission revenues 132,860 118,142 Carriage fees 41,139 41,662 Other 9,539 10,459 Total operating revenues $ 453,427 $ 440,702 In addition to the operating revenues included in the Television and Entertainment segment, the Company’s consolidated operating revenues include other revenue of $2 million and $3 million for the three months ended March 31, 2019 and March 31, 2018 , respectively, in Corporate and Other, which consists of real estate revenues. Variable Interests —The Company evaluates its investments and other transactions to determine whether any entities associated with the investments or transactions should be consolidated under the provisions of FASB Accounting Standards Codification (“ASC”) Topic 810, “Consolidation.” The Company consolidates variable interest entities (“VIEs”) when it is the primary beneficiary. Topix —At March 31, 2019 and December 31, 2018 , the Company indirectly held variable interests in Topix, LLC (through its investment in TKG Holdings II, LLC) (“Topix”). 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, 2019 and December 31, 2018 . Dreamcatcher —Dreamcatcher was formed in 2013 specifically to comply with the cross-ownership rules of 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 year ended December 31, 2018 for additional information. The Company’s unaudited condensed consolidated financial statements as of and for the three months ended March 31, 2019 and March 31, 2018 include the results of operations and the financial position of Dreamcatcher, a fully-consolidated VIE. Net revenues of the Dreamcatcher Stations included in the Company’s unaudited Condensed Consolidated Statements of Operations for the three months ended March 31, 2019 and March 31, 2018 , were $19 million and $18 million , respectively. Operating profits of the Dreamcatcher stations included in the Company’s unaudited Condensed Consolidated Statements of Operations for the three months ended March 31, 2019 and March 31, 2018 were $4 million and $3 million , respectively. The Company’s unaudited Condensed Consolidated Balance Sheets as of March 31, 2019 and December 31, 2018 include the following assets and liabilities of the Dreamcatcher stations (in thousands): March 31, 2019 December 31, 2018 Broadcast rights 1,671 2,355 Other intangible assets, net 58,754 61,386 Other assets 8,515 8,770 Total Assets $ 68,940 $ 72,511 Contracts payable for broadcast rights 1,528 2,186 Long-term deferred revenue 23,948 24,164 Other liabilities 1,248 1,291 Total Liabilities $ 26,724 $ 27,641 New Accounting Standard s—In April 2019, the FASB issued ASU 2019-04, “Codification Improvements to Topic 326, Financial Instruments-Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments,” which provided certain improvements to ASU 2016-01, “Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities,” ASU 2016-13, “Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” and ASU 2017-12, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities.” As the Company has adopted ASU 2016-01 and ASU 2017-12, the improvements in ASU 2019-04 are effective for fiscal years beginning after December 15, 2019, and the interim periods within those fiscal years. Early adoption is permitted. The Company expects to adopt ASU 2016-13 in the first quarter of 2020, as described below, and the improvements in ASU 2019-04 will be adopted concurrently. The Company is currently evaluating the impact of adopting ASU 2019-04 on its consolidated financial statements. In March 2019, the FASB issued ASU 2019-02, “Entertainment-Films-Other Assets-Film Costs (Subtopic 926-20) and Entertainment-Broadcasters-Intangibles-Goodwill and Other (Subtopic 920-350).” The standard requires production costs of episodic television series to be capitalized as incurred, which aligns the guidance with the accounting for production costs of films. In addition, once ASU 2019-02 is effective, capitalized costs associated with films and license agreements will be tested for impairment based on the lower of unamortized cost or fair value, as opposed to the existing guidance where the impairment test is based on estimated net realizable value. The guidance also includes additional disclosure requirements. The standard is effective for fiscal years beginning after December 15, 2019, and the interim periods within those fiscal years. Early adoption is permitted. The amendments in ASU 2019-02 should be applied prospectively. The Company is currently evaluating the impact of adopting ASU 2019-02 on its consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-15, “Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40).” The standard requires a customer in a hosting arrangement that is a service contract to follow the internal-use software guidance to determine which implementation costs to capitalize as an asset related to the service contract. The standard also requires a customer to expense the capitalized implementation costs over the term of the hosting arrangement and specifies presentation requirements for both the capitalized costs and the amortized expenses. The standard is effective for fiscal years beginning after December 15, 2019, and the interim periods within those fiscal years. Early adoption is permitted. The amendments in ASU 2018-15 should be applied either retrospectively or prospectively to all implementation costs incurred after the date of adoption. The Company is currently evaluating the impact of adopting ASU 2018-15 on its consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-14, “Compensation - Retirement Benefits - Defined Benefit Plans - General (Subtopic 715-20).” The standard modifies certain disclosure requirements for employers that sponsor defined benefit pension and other postretirement benefit plans by removing disclosures that are no longer considered cost beneficial, clarifying specific requirements of disclosures, and adding disclosure requirements identified as relevant. The standard is effective for fiscal years ending after December 15, 2020. Early adoption is permitted. The amendments in ASU 2018-14 should be applied retrospectively to each period presented. The Company is currently evaluating the impact of adopting ASU 2018-14 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 losses on 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 “probable” 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.

Assets Held For Sale

Assets Held For Sale	3 Months Ended
	Mar. 31, 2019
Assets Held-for-sale, Not Part of Disposal Group [Abstract]
Assets Held For Sale and Sales of Real Estate	NOTE 2: ASSETS HELD FOR SALE Assets Held for Sale —Assets held for sale in the Company’s unaudited Condensed Consolidated Balance Sheets consisted of the following (in thousands): March 31, 2019 December 31, 2018 Real estate (1) $ 60,177 $ — (1) As of March 31, 2019 , the Company had one real estate property held for sale.

Leases (Notes)

Leases (Notes)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Lessee, Operating Lease	NOTE 3: LEASES In the first quarter of 2019, the Company adopted Topic 842 utilizing the optional transition method provided in ASU No. 2018-11, which allows for a prospective adoption with a cumulative-effect adjustment to the opening balance sheet as of the adoption date without restatement of prior years. The Company elected the package of practical expedients as permitted by the transition guidance allowing the Company to carry forward the historical assessment of whether contracts contain or are leases, classification of leases and the remaining lease terms. Upon adoption, the Company recognized a right-of-use asset of $158 million and a right-of-use liability of $174 million . The Company’s deferred rent balance of $18 million as of December 31, 2018 was reclassified to the right-of-use asset upon adoption. The Company also recognized a cumulative-effect adjustment to retained earnings of approximately $13 million , net of tax, which represents deferred gains previously recorded on the consolidated balance sheet related to historical sale lease-back transactions. The Company has operating leases primarily for office buildings, studios, and transmission sites/equipment. Depending on the type of lease, the original lease terms generally range from less than 12 months to 40 years. The remaining terms of the Company’s leases range from 3 months to 15 years. Certain leases, however, are subject to automatic and continuous renewals. The weighted-average remaining lease term of the Company’s operating leases is 7.9 years. The weighted average discount rate is 6.65% . Total operating lease costs for the three months ended March 31, 2019 were $9 million . Supplemental unaudited Condensed Consolidated Statements of Cash Flows information related to leases was as follows (in thousands): Three Months Ended March 31, 2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 8,827 As of March 31, 2019, maturities of operating lease liabilities were as follows (in thousands): 2019 (excluding the three months ended March 31, 2019) $ 25,761 2020 32,704 2021 25,271 2022 24,851 2023 23,698 Thereafter 88,850 Total lease payments 221,135 Less: imputed interest 53,107 Total operating lease liabilities $ 168,028 As of December 31, 2018, the Company’s future minimum lease payments under non-cancelable operating leases, as disclosed in Note 10 to the Company’s audited consolidated financial statements for the year ended December 31, 2018 , were as follows (in thousands): 2019 $ 33,042 2020 31,035 2021 22,496 2022 22,004 2023 20,798 Thereafter 91,961 Total lease payments $ 221,336 As of March 31, 2019, the Company has executed non-cancelable operating leases primarily related to a studio and transmission sites/equipment that have not yet commenced. The estimated future minimum lease commitments for these leases are $12 million . These leases are expected to commence in 2019 and have terms ranging from 11 to 15 years. These leases have not been included in the tables above.

Goodwill And Other Intangible A

Goodwill And Other Intangible Assets	3 Months Ended
	Mar. 31, 2019
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, 2019 December 31, 2018 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 $ (82,813 ) $ 129,187 $ 212,000 $ (79,500 ) $ 132,500 Advertiser relationships (useful life of 8 years) 168,000 (131,250 ) 36,750 168,000 (126,000 ) 42,000 Network affiliation agreements (useful life of 11 to 16 years) 228,700 (87,401 ) 141,299 228,700 (83,649 ) 145,051 Retransmission consent agreements (useful life of 7 to 12 years) 830,100 (489,582 ) 340,518 830,100 (467,073 ) 363,027 Other (useful life of 5 to 15 years) 8,793 (2,988 ) 5,805 16,015 (8,137 ) 7,878 Total $ 1,447,593 $ (794,034 ) 653,559 $ 1,454,815 $ (764,359 ) 690,456 Other intangible assets not subject to amortization FCC licenses 737,200 737,200 Trade name 14,800 14,800 Total other intangible assets, net 1,405,559 1,442,456 Goodwill 3,228,436 3,228,601 Total goodwill and other intangible assets $ 4,633,995 $ 4,671,057 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, 2019 were as follows (in thousands): Other intangible assets subject to amortization Balance as of December 31, 2018 $ 690,456 Amortization (35,021 ) Balance sheet reclassifications (1) (1,762 ) Foreign currency translation adjustment (114 ) Balance as of March 31, 2019 $ 653,559 Other intangible assets not subject to amortization Balance as of March 31, 2019 and December 31, 2018 $ 752,000 Goodwill Gross balance as of December 31, 2018 $ 3,609,601 Accumulated impairment losses at December 31, 2018 (381,000 ) Balance as of December 31, 2018 3,228,601 Foreign currency translation adjustment (165 ) Balance as of March 31, 2019 $ 3,228,436 Total goodwill and other intangible assets as of March 31, 2019 $ 4,633,995 (1) Balance sheet reclassifications include $2 million of lease contract intangible assets that were reclassified to operating lease right-of-use assets in the Company’s unaudited Condensed Consolidated Balance Sheets on January 1, 2019 upon implementation of ASU No. 2016-02. See Note 3 for additional information. Amortization expense relating to amortizable intangible assets is expected to be approximately $105 million for the remainder of 2019 , $134 million in 2020 , $103 million in 2021 , $84 million in 2022 , $57 million in 2023 and $51 million in 2024 .

Investments

Investments	3 Months Ended
	Mar. 31, 2019
Investments [Abstract]
Investments	NOTE 5: INVESTMENTS Investments consisted of the following (in thousands): March 31, 2019 December 31, 2018 Equity method investments $ 1,131,050 $ 1,238,457 Other equity investments 5,503 25,980 Total investments $ 1,136,553 $ 1,264,437 Equity Method Investments —Income on 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, 2019 March 31, 2018 Income on equity investments, net, before amortization of basis difference $ 58,154 $ 51,606 Amortization of basis difference (12,469 ) (12,469 ) Income on equity investments, net $ 45,685 $ 39,137 As discussed in Note 6 to the Company’s audited consolidated financial statements for the year ended December 31, 2018 , the carrying value of the Company’s investments was increased by $1.615 billion to an aggregate fair value of $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, 2019 totaled $623 million and have a weighted average remaining useful life of approximately 14 years. Cash distributions from the Company’s equity method investments were as follows (in thousands): Three Months Ended March 31, 2019 March 31, 2018 Cash distributions from equity investments $ 153,082 $ 115,137 TV Food Network —The Company’s 31% investment in Television Food Network, G.P. (“TV Food Network”) totaled $1.121 billion and $1.228 billion at March 31, 2019 and December 31, 2018 , respectively. The Company recognized equity income from TV Food Network of $46 million and $39 million for the three months ended March 31, 2019 and March 31, 2018 , respectively. The Company received cash distributions from TV Food Network of $153 million and $115 million in the three months ended March 31, 2019 and March 31, 2018 , respectively. Summarized financial information for TV Food Network is as follows (in thousands): Three Months Ended March 31, 2019 March 31, 2018 Revenues, net $ 319,715 $ 307,945 Operating income $ 178,032 $ 162,756 Net income $ 187,450 $ 165,589 CareerBuilder —On September 13, 2018, the Company sold its 6% investment (on a fully diluted basis, including CareerBuilder, LLC (“CareerBuilder”) employees’ equity awards) (through its investment in Camaro Parent, LLC) in CareerBuilder and received pretax proceeds of $11 million . The Company recognized a pretax loss of $5 million on the sale of its ownership interest in CareerBuilder in the third quarter of 2018. Pursuant to ASC Topic 323 “Investments - Equity Method and Joint Ventures,” the Company accounted for CareerBuilder as an equity method investment. The Company recognized an equity loss from CareerBuilder of $0.3 million for the three months ended March 31, 2018 . In 2018, through the date of the sale, the Company recognized equity income from CareerBuilder of $10 million and received cash distributions of $6 million , of which $5 million related to a distribution of proceeds from CareerBuilder’s sale of one of its business operations on May 14, 2018. Other Equity Investments —Other equity investments are investments without readily determinable fair values. Chicago Cubs Transactions —As defined and further described in Note 6 to the Company’s audited consolidated financial statements for the year ended December 31, 2018 , 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) (“CEV LLC”), and its subsidiaries (collectively, “New Cubs LLC”). As of December 31, 2018, the guarantees were capped at $249 million plus unpaid interest. On August 21, 2018, Northside Entertainment Holdings LLC (f/k/a Ricketts Acquisition LLC) (“NEH”) provided a written notice (the “Call Notice”) to the Company that NEH was exercising its right pursuant to the Amended and Restated Limited Liability Company Agreement (the “CEV LLC Agreement”) of CEV LLC to purchase the Company’s 5% membership interest in CEV LLC. The Company sold its 5% ownership interest in CEV LLC on January 22, 2019 for pretax proceeds of $107.5 million and recognized a gain of $86 million before taxes ( $66 million after taxes) in the first quarter of 2019. As a result of the sale, the previously recorded deferred tax liability of $69 million became currently payable in 2019. Concurrently with the sale, the Company ceased being a guarantor of all debt facilities held by New Cubs LLC. Other —All of the Company’s other equity investments are in private companies. During the first quarter of 2018, the Company sold one of its other equity investments for $4 million and recognized a pretax gain of $4 million .

Debt

Debt	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Debt	NOTE 6: DEBT Debt consisted of the following (in thousands): March 31, 2019 December 31, 2018 Term Loan Facility Term B Loans due 2020, effective interest rate of 3.84%, net of unamortized discount and debt issuance costs of $1,111 and $1,268 $ 188,514 $ 188,357 Term C Loans due 2024, effective interest rate of 3.85%, net of unamortized discount and debt issuance costs of $17,441 and $18,305 1,648,451 1,647,587 5.875% Senior Notes due 2022, net of debt issuance costs of $9,174 and $9,861 1,090,826 1,090,139 Total debt $ 2,927,791 $ 2,926,083 Secured Credit Facility —At both March 31, 2019 and December 31, 2018 , the Company’s secured credit facility (the “Secured Credit Facility”) consisted of a term loan facility (the “Term Loan Facility”), under which $1.666 billion of term C loans (the “Term C Loans”) and $190 million of term B loans (the “Term B Loans”) were outstanding. At both March 31, 2019 and December 31, 2018 , there were no borrowings outstanding under the Company’s $338 million revolving credit facility (the “Revolving Credit Facility”); however, there were standby letters of credit outstanding of $20 million , primarily in support of the Company’s workers’ compensation insurance programs. See Note 7 to the Company’s audited consolidated financial statements for the year ended December 31, 2018 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. The Company’s unamortized transaction costs and unamortized discount related to the Term Loan Facility were $19 million and $20 million at March 31, 2019 and December 31, 2018 , 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 the Term C Loans, as appropriate. 5.875% Senior Notes due 2022 —The Company’s 5.875% Senior Notes due 2022 (the “Notes”) bear interest at a rate of 5.875% per annum and interest is payable semi-annually in arrears on January 15 and July 15. The Notes mature on July 15, 2022. As of March 31, 2019 , $1.100 billion of Notes remained outstanding. See Note 7 to the audited consolidated financial statements for the year ended December 31, 2018 for further information and significant terms and conditions associated with the Notes, including but not limited to repayment terms, fees, restrictions and affirmative and negative covenants. The Company’s unamortized transaction costs related to the Notes were $9 million and $10 million at March 31, 2019 and December 31, 2018 , respectively.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	NOTE 7: FAIR VALUE MEASUREMENTS The Company measures and records in its consolidated financial statements certain assets and liabilities at fair value. ASC Topic 820 “Fair Value Measurement and Disclosures,” establishes a fair value hierarchy for instruments measured at fair value that distinguishes between assumptions based on market data (observable inputs) and the Company’s own assumptions (unobservable inputs). This hierarchy consists of the following three levels: • Level 1 – Assets and liabilities whose values are based on unadjusted quoted prices for identical assets or liabilities in an active market. • Level 2 – Assets and liabilities whose values are based on inputs other than those included in Level 1, including quoted market prices in markets that are not active; quoted prices of assets or liabilities with similar attributes in active markets; or valuation models whose inputs are observable or unobservable but corroborated by market data. • Level 3 – Assets and liabilities whose values are based on valuation models or pricing techniques that utilize unobservable inputs that are significant to the overall fair value measurement. The Company’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. On January 27, 2017, 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. The monthly net interest settlements under the interest rate swaps are reclassified out of AOCI and recognized in interest expense consistent with the recognition of interest expense on the Company’s Term C Loans. Realized gains of $0.3 million and realized losses of $1 million were recognized in interest expense for the three months ended March 31, 2019 and March 31, 2018 , respectively. Interest expense was $44 million and $41 million for the three months ended March 31, 2019 and March 31, 2018 , respectively. As of March 31, 2019 , the fair value of the interest rate swaps was $1 million , which is recorded in current liabilities with the unrealized loss recognized in other comprehensive income (loss). As of March 31, 2019 , the Company expects $1 million to be reclassified out of AOCI as a reduction of 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. 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, 2019 December 31, 2018 Fair Carrying Fair Carrying Term Loan Facility Term B Loans due 2020 $ 189,270 $ 188,514 $ 187,965 $ 188,357 Term C Loans due 2024 $ 1,662,561 $ 1,648,451 $ 1,631,742 $ 1,647,587 5.875% Senior Notes due 2022 $ 1,123,716 $ 1,090,826 $ 1,111,000 $ 1,090,139 Each category of financial instruments are classified in the following level 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, 2019 and December 31, 2018 are 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, 2019 and December 31, 2018 are classified in Level 2 of the fair value hierarchy. Investments Without Readily Determinable Fair Values —Non-equity method investments in private companies are recorded at cost, less impairments, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment, as further described in Note 5 . During the three months ended March 31, 2019 there were no events or changes in circumstance that suggested an impairment or an observable price change to any of these investments resulting from an orderly transaction for the identical or a similar investment. The non-equity method investments are classified in Level 3 of the fair value hierarchy.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2019
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 has entered final decrees that have collectively closed 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 . 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 (n/k/a Delaware Trust Company) (“Delaware Trust Company”) and Deutsche Bank Trust Company Americas (“Deutsche Bank”), each successor trustees under the respective indentures for the Predecessor’s senior notes; (iii) 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, 2019 , each of the Confirmation Order appeals have been dismissed or otherwise resolved by a final order, with the exception of the appeals of Delaware Trust Company and Deutsche Bank. On July 30, 2018, the United States District Court for the District of Delaware (the “District Court”) entered an order affirming (i) the Bankruptcy Court’s judgment overruling Delaware Trust Company’s and Deutsche Bank’s objections to confirmation of the Plan and (ii) the Bankruptcy Court’s order confirming the Plan. Delaware Trust Company and Deutsche Bank appealed the District Court’s order to the United States Court of Appeals for the Third Circuit (the “Third Circuit”) on August 27, 2018. That appeal remains pending before the Third Circuit. If the remaining appellants succeed on their appeals, 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, 2019 , restricted cash held by the Company to satisfy the remaining claim obligations was $17 million and is estimated to be sufficient to satisfy such obligations. As of March 31, 2019 , all but 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 . 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 $1 million for each of the three months ended March 31, 2019 and March 31, 2018 , respectively. The Company expects to continue to incur certain expenses pertaining to the Chapter 11 proceedings throughout 2019 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, 2019 , 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” and the “National Television Multiple Ownership Rule,” among others, as further described in Note 10 to the Company’s audited consolidated financial statements for the year ended December 31, 2018 . In general and subject to certain conditions, under the “Local Television Multiple Ownership Rule” (the “Duopoly Rule”) a company may hold attributable interests in up to two television stations in a single Nielsen Media Research Designated Market Area (“DMA”). In applying the Duopoly rule, the FCC applies a presumption against allowing combinations of two top-four ranked stations in a market, subject to a case-by-case waiver review process. This approach, adopted in the 2014 Quadrennial Review Reconsideration Order, is subject to a pending petition for judicial review by the Third Circuit. On December 13, 2018, the FCC issued a Notice of Proposed Rulemaking initiating the 2018 Quadrennial Review (the “2018 Quadrennial Review”), which, among other things, seeks comment on all aspects of the Duopoly Rule’s application and implementation, including whether the rule itself remains necessary to serve the public interest in the current television marketplace, and, if retained, whether the top-four prohibition should be retained, and if so, whether the FCC should adopt a waiver process or bright-line test to determine where waivers of the top-4 prohibition may be warranted. The Company cannot predict the outcome of these proceedings, or their effect on its business. The “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”). In a Report and Order issued on September 7, 2016 (the “UHF Discount Repeal Order”), the FCC repealed the UHF Discount but grandfathered existing station combinations (including the Company’s) that exceeded the 39% national reach cap as a result of the elimination of the UHF Discount, subject to compliance in the event of a future change of control or assignment of license. The FCC reinstated the UHF Discount in an Order on Reconsideration adopted on April 20, 2017 (the “UHF Discount Reconsideration Order”). A petition for judicial review of the UHF Discount Reconsideration Order by the U.S. Court of Appeals for the District of Columbia Circuit was dismissed on jurisdictional grounds on July 25, 2018. A petition for review of the UHF Discount Repeal Order by the U.S. Court of Appeals for the District of Columbia Circuit was dismissed as moot on December 19, 2018. On December 18, 2017, the FCC released a Notice of Proposed Rulemaking seeking comment generally, on the continuing propriety of a national cap and the Commission’s jurisdiction with respect to the cap. The Company cannot predict the outcome of these proceedings, or their effect on its business. Federal legislation enacted in February 2012 authorized 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 , which amount was increased by $1 billion pursuant to the adoption of an amended version of the Repack Airwaves Yielding Better Access for Users of Modern Services (RAY BAUM’S) Act of 2018 by the U.S. Congress on March 23, 2018. 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 the broadcast television spectrum. The Company participated in the auction and has received approximately $191 million in pretax proceeds (including $26 million of proceeds received by a Dreamcatcher station) as of December 31, 2017. The Company received gross pretax proceeds of $172 million from licenses sold by the Company in the FCC spectrum auction in 2017 and recognized a net pretax gain of $133 million in the first quarter of 2018 related to the surrender of the spectrum of these television stations in January 2018. Twenty-two of the Company’s television stations (including WTTK, which operates as a satellite station of WTTV) are 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. Through March 31, 2019 , the Company incurred $32 million in capital expenditures for the spectrum repack, of which $5 million and $24 million was incurred in 2019 and 2018, respectively. The Company expects that the reimbursements from the FCC’s special fund will cover the majority of the Company’s costs and expenses related to the repacking. However, the Company cannot currently predict the effect of the repacking, whether the special fund will be sufficient to reimburse all of the Company’s costs and expenses related to the repacking, the timing of reimbursements or any spectrum-related FCC regulatory action. Through March 31, 2019 , the Company has received FCC reimbursements of $15 million , of which $4 million was received during the three months ended March 31, 2019 . The reimbursements are included as a reduction to selling, general and administrative expense (“SG&A”) and are presented as an investing inflow in the Company’s unaudited Condensed Consolidated Statements of Cash Flows. As described in Note 1 to the Company’s audited consolidated financial statements for the year ended December 31, 2018 , 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. Termination of Sinclair Merger Agreement —On August 9, 2018, the Company provided notification to Sinclair Broadcast Group, Inc. (“Sinclair”) that the Company terminated, effective immediately, the Agreement and Plan of Merger, dated May 8, 2017, with Sinclair (the “Sinclair Merger Agreement”), which provided for the acquisition by Sinclair of all of the outstanding shares of the Company’s common stock (the “Sinclair Merger”). Additionally, on August 9, 2018, the Company filed a complaint in the Delaware Court of Chancery against Sinclair (the “Sinclair Complaint”), alleging that Sinclair willfully and materially breached its obligations under the Sinclair Merger Agreement. The lawsuit seeks damages for all losses incurred as a result of Sinclair’s breach of contract under the Sinclair Merger Agreement. On August 29, 2018, Sinclair filed an answer to the Company’s Sinclair Complaint and a counterclaim (the “Sinclair Counterclaim”). On September 18, 2018, the Company filed an answer to the Sinclair Counterclaim. The Company believes the Sinclair Counterclaim is without merit and intends to defend it vigorously. In connection with the termination of the Sinclair Merger Agreement, on August 9, 2018, the Company provided notification to Fox Television Stations, LLC (“Fox”) that it terminated the asset purchase agreement, by and between Sinclair, Fox and the Company, dated May 8, 2018 (the “Fox Purchase Agreement”) to sell the assets of certain network affiliates of the Company, effective immediately. Under the terms of the Fox Purchase Agreement, no termination fees were payable by any party. 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 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, 2019
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 9: INCOME TAXES In the three months ended March 31, 2019 , the Company recorded income tax expense of $38 million . The effective tax rate on pretax income was 25.0% . The rate differs from the U.S. federal statutory rate of 21% due to state income taxes (net of federal benefit), non-deductible executive compensation, certain transaction costs and other expenses not fully deductible for tax purposes, a $2 million benefit related to stock-based compensation, a $3 million benefit resulting from a change in the Company’s state tax rates, and a $2 million charge related to the resolution of federal and state income tax matters and other adjustments. In the three months ended March 31, 2018 , the Company recorded an income tax expense of $57 million . The effective tax rate on pretax income was 28.7% . The rate differs from the U.S. federal statutory rate of 21% due to state income taxes (net of federal benefit), non-deductible executive compensation, certain transaction costs and other expenses not fully deductible for tax purposes, and a net $2 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 6 to the Company’s audited consolidated financial statements for the year ended December 31, 2018 , the Company consummated the closing of the Chicago Cubs Transactions on October 27, 2009 . As a result of these transactions, NEH owned 95% and the Company owned 5% of the membership interests in CEV 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, 2019 would be approximately $86 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 further described in Note 5, on August 21, 2018, NEH provided the Call Notice to the Company that NEH was exercising its right to purchase the Company’s 5% membership interest in CEV LLC. The Company sold its 5% ownership interest in CEV LLC on January 22, 2019 (the “2019 Cubs Sale”) for pretax proceeds of $107.5 million and recognized a gain of $86 million before taxes ( $66 million after taxes) in the first quarter of 2019. As a result of the sale, the previously recorded deferred tax liability of $69 million related to the future recognition of taxable income related to the Chicago Cubs Transactions became currently payable. Subsequent to the sale, the Company no longer owns any portion of CEV LLC and maintains no deferred taxes or tax reserves related to the Chicago Cubs Transactions. As of March 31, 2019 , the Company has paid or accrued approximately $167 million of federal and state taxes on the deferred gain and the 2019 Cubs Sale through its regular tax reporting process. The sale of the Company’s ownership interest in CEV LLC has no impact on the Company’s dispute with the IRS. 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 $22 million and $21 million at March 31, 2019 and December 31, 2018 , respectively. The Company believes it is reasonably possible that the total amount of unrecognized tax benefits could decrease by approximately $2 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, 2019
Retirement Benefits [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 were as follows (in thousands): Pension Benefits Three Months Ended March 31, 2019 March 31, 2018 Service cost $ 213 $ 293 Interest cost 19,169 17,740 Expected return on plans’ assets (23,785 ) (24,818 ) Amortization of prior service costs 40 35 Net periodic benefit credit $ (4,363 ) $ (6,750 ) Net periodic benefit cost related to other post retirement benefit plans was not material for all periods presented. The service cost component of pension net periodic benefit credit is included in SG&A in the Company’s unaudited Condensed Consolidated Statements of Operations. All other components of net periodic benefit credit are included in Pension and other postretirement periodic benefit credit, net in the Company’s unaudited Condensed Consolidated Statements of Operations. For 2019 , the Company expects to contribute $3 million to its qualified pension plans and $1 million to its other postretirement plans. In the three months ended March 31, 2019 and March 31, 2018 , the Company’s contributions were not material.

Capital Stock

Capital Stock	3 Months Ended
	Mar. 31, 2019
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 13 to the Company’s audited consolidated financial statements for the year ended December 31, 2018 , 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 13 to the Company’s audited consolidated financial statements for the year ended December 31, 2018 , 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 13 to the Company’s audited consolidated financial statements for the year ended December 31, 2018 . 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, 2019 and March 31, 2018 . No Warrants were exercised for Class A Common Stock or for Class B Common Stock during the three months ended March 31, 2019 and March 31, 2018 . At March 31, 2019 , the following amounts were issued: 102,349,311 shares of Class A Common Stock, of which 14,102,185 were held in treasury, 5,557 shares of Class B Common Stock and 30,551 Warrants. 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 13 to the Company’s audited consolidated financial statements for the year ended December 31, 2018 for additional information relating to the Registration Rights Agreement. Common Stock Repurchases —On February 24, 2016, the Board authorized a 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 Company did not repurchase any shares of Common Stock during 2018 or during the three months ended March 31, 2019 due to restrictions contained in the now terminated Sinclair Merger Agreement and the Nexstar Merger Agreement. As of March 31, 2019 , the remaining authorized amount under the current authorization totaled approximately $168 million . 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): 2019 2018 Per Share Total Amount Per Share Total Amount First quarter $ 0.25 $ 22,061 $ 0.25 $ 21,922 On May 1, 2019, the Board declared a quarterly cash dividend on Common Stock of $0.25 per share to be paid on June 4, 2019 to holders of record of Common Stock and Warrants as of May 20, 2019. Future dividends will be subject to the discretion of the Board and the terms of the Nexstar Merger Agreement, which limits the Company’s ability to pay dividends, except for the payment of quarterly cash dividends not to exceed $0.25 per share consistent with record and payment dates in 2018. 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 13 and Note 14 to the Company’s audited consolidated financial statements for the year ended December 31, 2018 .

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2019
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”) were 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 14 to the Company’s audited consolidated financial statements for the year ended December 31, 2018 . 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 2,279,348 shares and 157,588 shares, respectively, were available for grant as of March 31, 2019 . Stock-based compensation for the three months ended March 31, 2019 and March 31, 2018 totaled $5 million in each period. A summary of activity and weighted average exercise prices related to the NSOs is as follows: Three Months Ended Shares Weighted Avg. Outstanding, beginning of period 2,431,397 $ 36.54 Exercised (220,792 ) 31.74 Forfeited (44,740 ) 33.10 Cancelled (1,860 ) 50.49 Outstanding, end of period 2,164,005 $ 37.09 Vested and exercisable, end of period 1,508,539 $ 39.02 A summary of activity and weighted average fair values related to the RSUs is as follows: Three Months Ended Shares Weighted Avg. Outstanding, beginning of period 1,123,554 $ 35.46 Granted 467,430 46.03 Dividend equivalent units granted 6,376 46.04 Vested (369,339 ) 34.48 Dividend equivalent units vested (22,281 ) 37.51 Forfeited (29,245 ) 36.55 Dividend equivalent units forfeited (1,227 ) 38.45 Outstanding and nonvested, end of period 1,175,268 $ 39.96 A summary of activity and weighted average fair values related to the restricted stock awards is as follows: Three Months Ended Shares Weighted Avg. Fair Value Outstanding, beginning of period 27,812 $ 36.84 Outstanding and nonvested, end of period 27,812 $ 36.84 A summary of activity and weighted average fair values related to the PSUs and Supplemental PSUs is as follows: Three Months Ended Shares Weighted Avg. Fair Value Outstanding, beginning of period 161,515 $ 37.30 Granted (1) 49,342 46.43 Dividend equivalent units granted 1,487 40.95 Vested (119,282 ) 36.60 Dividend equivalent units vested (6,548 ) 37.19 Outstanding and nonvested, end of period 86,514 $ 42.06 (1) Represents shares of PSUs for which performance targets have been established and which are deemed granted under U.S. GAAP. As of March 31, 2019 , the Company had not yet recognized compensation cost on nonvested awards as follows (dollars in thousands): Unrecognized Compensation Cost Weighted Avg. Remaining Recognition Period Nonvested awards $ 50,268 2.6

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Earnings Per Share	NOTE 13: EARNINGS PER SHARE The Company computes earnings (loss) per common share (“EPS”) under the two-class method which requires the allocation of all distributed and undistributed earnings attributable to Tribune Media Company 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, 2019 , there were 40,962 DEUs outstanding, which will vest at the time that the underlying RSU or PSU vests. The Company computes basic EPS by dividing net income (loss) attributable to Tribune Media Company applicable to common shares by the weighted average number of common shares outstanding during the period. In accordance with the two-class method, undistributed earnings applicable to the Warrants are excluded from the computation of basic EPS. Diluted EPS is computed by dividing net income (loss) attributable to Tribune Media Company 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. In each of the three months ended March 31, 2019 and March 31, 2018 , 30,551 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, 2019 March 31, 2018 EPS numerator: Net income, as reported $ 113,204 $ 141,183 Net loss attributable to noncontrolling interests 4 6 Net income attributable to Tribune Media Company 113,208 141,189 Less: Dividends distributed to Warrants 8 8 Less: Undistributed earnings allocated to Warrants 32 42 Net income attributable to Tribune Media Company’s common shareholders for basic and diluted EPS $ 113,168 $ 141,139 EPS denominator: Weighted average shares outstanding - basic 87,923 87,482 Impact of dilutive securities 1,043 910 Weighted average shares outstanding - diluted 88,966 88,392 Net Income Per Common Share Attributable to Tribune Media Company: Basic $ 1.29 $ 1.61 Diluted $ 1.27 $ 1.60 Because of their anti-dilutive effect, 573,266 and 1,108,732 common share equivalents, comprised of NSOs, PSUs, and RSUs, have been excluded from the diluted EPS calculation for the three months ended March 31, 2019 and March 31, 2018 , respectively.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	NOTE 14: ACCUMULATED OTHER COMPREHENSIVE LOSS 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 (in thousands): Pension and Other Post-Retirement Benefit Items Cash Flow Hedging Instruments Foreign Currency Translation Adjustments Total Balance at December 31, 2018 $ (108,238 ) $ 4,564 $ (1,293 ) $ (104,967 ) Other comprehensive income before reclassifications — (5,018 ) (328 ) (5,346 ) Amounts reclassified from AOCI (54 ) (212 ) — (266 ) Balance at March 31, 2019 $ (108,292 ) $ (666 ) $ (1,621 ) $ (110,579 )

Business Segments

Business Segments	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Business Segments	NOTE 15: BUSINESS SEGMENTS The following table summarizes business segment financial data (in thousands): Three Months Ended March 31, 2019 March 31, 2018 Operating Revenues Television and Entertainment $ 453,427 $ 440,702 Corporate and Other 1,561 2,933 Total operating revenues $ 454,988 $ 443,635 Operating Profit (Loss) (1) Television and Entertainment $ 79,925 $ 211,852 Corporate and Other (25,222 ) (24,567 ) Total operating profit (loss) $ 54,703 $ 187,285 Depreciation Television and Entertainment $ 11,062 $ 10,870 Corporate and Other 1,890 2,905 Total depreciation $ 12,952 $ 13,775 Amortization Television and Entertainment $ 35,021 $ 41,687 Capital Expenditures Television and Entertainment $ 11,933 $ 10,126 Corporate and Other 1,445 3,547 Total capital expenditures $ 13,378 $ 13,673 March 31, 2019 December 31, 2018 Assets Television and Entertainment $ 6,913,874 $ 6,976,808 Corporate and Other 1,446,083 1,274,583 Assets held for sale (2) 60,177 — Total assets $ 8,420,134 $ 8,251,391 (1) Operating profit (loss) for each segment excludes income and loss on equity investments, interest income, interest expense, pension and other postretirement period benefit cost (credit), non-operating items, reorganization costs and income taxes. (2) See Note 2 for information regarding assets held for sale.

Condensed Consolidating Financi

Condensed Consolidating Financial Information	3 Months Ended
	Mar. 31, 2019
Condensed Financial Information Disclosure [Abstract]
Condensed Consolidating Financial Information	NOTE 16: 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”) include certain direct or indirect subsidiaries of the Company. The guarantees are subject to release under certain circumstances, including: (a) upon the sale, exchange, disposition or other transfer (including through merger, consolidation or dissolution) of the interests in such Subsidiary Guarantor, after which such Subsidiary Guarantor is no longer a restricted subsidiary of the Company, or all or substantially all the assets of such Subsidiary Guarantor, in any case, if such sale, exchange, disposition or other transfer is not prohibited by the Indenture, (b) upon the Company designating such Subsidiary Guarantor to be an unrestricted subsidiary in accordance with the Indenture, (c) in the case of any restricted subsidiary of the Company that after the issue date is required to guarantee the Notes, upon the release or discharge of the guarantee by such restricted subsidiary of any indebtedness of the Company or another Subsidiary Guarantor or the repayment of any indebtedness of the Company or another Subsidiary Guarantor, in each case, which resulted in the obligation to guarantee the Notes, (d) upon the Company’s exercise of its legal defeasance option or covenant defeasance option in accordance with the Indenture or if the Company’s obligations under the Indenture are discharged in accordance with the terms of the Indenture, (e) upon the release or discharge of direct obligations of such Subsidiary Guarantor, or the guarantee by such guarantor of the obligations, under the Senior Credit Agreement, or (f) during the period when the rating of the Notes is changed to investment grade. In the fourth quarter of 2018, the Company released certain Subsidiary Guarantors from their guarantees of the Notes upon designating such Subsidiary Guarantors to be unrestricted subsidiaries in accordance with the Indenture. As a result, these subsidiaries became Non-Guarantor Subsidiaries and the operations of these entities were retrospectively reclassified and are now reflected in the Non-Guarantor Subsidiaries column for all periods presented. These reclassifications had no impact on the Company’s historical consolidated results of operations. 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 , 2019 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Operating Revenues $ — $ 453,637 $ 1,351 $ — $ 454,988 Programming and direct operating expenses — 218,352 698 — 219,050 Selling, general and administrative 23,573 108,804 885 — 133,262 Depreciation and amortization 1,743 43,370 2,860 — 47,973 Total Operating Expenses 25,316 370,526 4,443 — 400,285 Operating (Loss) Profit (25,316 ) 83,111 (3,092 ) — 54,703 Income (loss) on equity investments, net — 46,457 (772 ) — 45,685 Interest income 6,246 — 1 — 6,247 Interest expense (43,615 ) — — — (43,615 ) Pension and other postretirement periodic benefit credit, net 4,630 — — — 4,630 Gain on investment transaction — — 86,272 — 86,272 Other non-operating items, net (1,202 ) (1,000 ) (739 ) — (2,941 ) Intercompany income (charges) 23,578 (23,578 ) — — — (Loss) Income Before Income Taxes and Earnings (Losses) from Consolidated Subsidiaries (35,679 ) 104,990 81,670 — 150,981 Income tax (benefit) expense (8,788 ) 28,647 17,918 — 37,777 Equity (deficit) in earnings of consolidated subsidiaries, net of taxes 140,099 (160 ) — (139,939 ) — Net Income (Loss) $ 113,208 $ 76,183 $ 63,752 $ (139,939 ) $ 113,204 Net loss attributable to noncontrolling interests — — 4 — 4 Net Income (Loss) attributable to Tribune Media Company $ 113,208 $ 76,183 $ 63,756 $ (139,939 ) $ 113,208 Comprehensive Income (Loss) $ 107,596 $ 76,168 $ 63,443 $ (139,611 ) $ 107,596 TRIBUNE MEDIA COMPANY AND SUBSIDIARIES COMPREHENSIVE INCOME (LOSS) THREE MONTHS ENDED MARCH 31 , 2018 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Operating Revenues $ — $ 440,891 $ 2,744 $ — $ 443,635 Programming and direct operating expenses — 201,343 786 — 202,129 Selling, general and administrative 22,864 108,372 720 — 131,956 Depreciation and amortization 2,404 49,932 3,126 — 55,462 Gain on sales of spectrum — (133,197 ) — — (133,197 ) Total Operating Expenses 25,268 226,450 4,632 — 256,350 Operating (Loss) Profit (25,268 ) 214,441 (1,888 ) — 187,285 Income (loss) on equity investments, net — 39,358 (221 ) — 39,137 Interest income 1,898 — — — 1,898 Interest expense (40,631 ) — — — (40,631 ) Pension and other postretirement periodic benefit credit, net 7,084 — — — 7,084 Gain on investment transaction — — 3,888 — 3,888 Other non-operating items, net (776 ) — — — (776 ) Intercompany income (charges) 12,413 (12,371 ) (42 ) — — (Loss) Income Before Income Taxes and Earnings (Losses) from Consolidated Subsidiaries (45,280 ) 241,428 1,737 — 197,885 Income tax (benefit) expense (7,555 ) 63,850 407 — 56,702 Equity (deficit) in earnings of consolidated subsidiaries, net of taxes 178,914 (338 ) — (178,576 ) — Net Income (Loss) $ 141,189 $ 177,240 $ 1,330 $ (178,576 ) $ 141,183 Net loss attributable to noncontrolling interests — — 6 — 6 Net Income (Loss) attributable to Tribune Media Company $ 141,189 $ 177,240 $ 1,336 $ (178,576 ) $ 141,189 Comprehensive Income (Loss) $ 149,681 $ 177,215 $ 1,796 $ (179,011 ) $ 149,681 TRIBUNE MEDIA COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS AS OF MARCH 31 , 2019 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Assets Current Assets Cash and cash equivalents $ 1,289,528 $ 1,596 $ 3,125 $ — $ 1,294,249 Restricted cash and cash equivalents 16,607 — — — 16,607 Accounts receivable, net 663 403,777 567 — 405,007 Broadcast rights — 86,323 1,322 — 87,645 Income taxes receivable — 17,625 — — 17,625 Prepaid expenses 13,436 12,313 363 — 26,112 Other 5,804 1,229 526 — 7,559 Total current assets 1,326,038 522,863 5,903 — 1,854,804 Properties Property, plant and equipment 45,728 561,686 29,494 — 636,908 Accumulated depreciation (33,663 ) (242,534 ) (1,722 ) — (277,919 ) Net properties 12,065 319,152 27,772 — 358,989 Investments in subsidiaries 11,056,727 59,328 — (11,116,055 ) — Other Assets Broadcast rights — 81,783 349 — 82,132 Operating lease right-of-use assets 8,157 143,184 144 — 151,485 Goodwill — 3,220,300 8,136 — 3,228,436 Other intangible assets, net — 1,341,225 64,334 — 1,405,559 Assets held for sale — 60,177 — — 60,177 Investments 850 1,126,887 8,816 — 1,136,553 Intercompany receivables 3,092,697 6,968,783 1,474,573 (11,536,053 ) — Other 62,883 137,228 7,727 (65,839 ) 141,999 Total other assets 3,164,587 13,079,567 1,564,079 (11,601,892 ) 6,206,341 Total Assets $ 15,559,417 $ 13,980,910 $ 1,597,754 $ (22,717,947 ) $ 8,420,134 TRIBUNE MEDIA COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS AS OF MARCH 31 , 2019 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Liabilities and Shareholders’ Equity (Deficit) Current Liabilities Accounts payable $ 21,969 $ 20,274 $ 1,362 $ — $ 43,605 Income taxes payable — 101,856 — — 101,856 Contracts payable for broadcast rights — 218,727 1,528 — 220,255 Deferred revenue — 11,784 895 — 12,679 Interest payable 14,509 — — — 14,509 Operating lease liabilities 1,740 22,455 35 — 24,230 Other 38,798 46,026 879 — 85,703 Total current liabilities 77,016 421,122 4,699 — 502,837 Non-Current Liabilities Long-term debt 2,927,791 — — — 2,927,791 Deferred income taxes — 581,603 — (65,839 ) 515,764 Contracts payable for broadcast rights — 201,143 382 — 201,525 Operating lease liabilities 8,593 135,096 109 — 143,798 Intercompany payables 8,534,851 2,285,191 716,011 (11,536,053 ) — Other obligations 390,776 87,930 23,948 — 502,654 Total non-current liabilities 11,862,011 3,290,963 740,450 (11,601,892 ) 4,291,532 Total liabilities 11,939,027 3,712,085 745,149 (11,601,892 ) 4,794,369 Shareholders’ Equity (Deficit) Common stock 102 — — — 102 Treasury stock (632,194 ) — — — (632,194 ) Additional paid-in-capital 4,035,660 8,307,898 913,902 (9,221,800 ) 4,035,660 Retained earnings (deficit) 327,401 1,962,172 (66,296 ) (1,895,876 ) 327,401 Accumulated other comprehensive (loss) income (110,579 ) (1,245 ) (376 ) 1,621 (110,579 ) Total Tribune Media Company shareholders’ equity (deficit) 3,620,390 10,268,825 847,230 (11,116,055 ) 3,620,390 Noncontrolling interests — — 5,375 — 5,375 Total shareholders’ equity (deficit) 3,620,390 10,268,825 852,605 (11,116,055 ) 3,625,765 Total Liabilities and Shareholders’ Equity (Deficit) $ 15,559,417 $ 13,980,910 $ 1,597,754 $ (22,717,947 ) $ 8,420,134 TRIBUNE MEDIA COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS AS OF DECEMBER 31, 2018 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Assets Current Assets Cash and cash equivalents $ 1,058,961 $ 904 $ 3,176 $ — $ 1,063,041 Restricted cash and cash equivalents 16,607 — — — 16,607 Accounts receivable, net 323 415,836 779 — 416,938 Broadcast rights — 96,308 1,961 — 98,269 Income taxes receivable — 23,922 — — 23,922 Prepaid expenses 6,992 12,139 313 — 19,444 Other 6,201 1,305 3 — 7,509 Total current assets 1,089,084 550,414 6,232 — 1,645,730 Properties Property, plant and equipment 45,684 612,282 29,411 — 687,377 Accumulated depreciation (31,920 ) (232,469 ) (1,689 ) — (266,078 ) Net properties 13,764 379,813 27,722 — 421,299 Investments in subsidiaries 10,899,707 59,488 — (10,959,195 ) — Other Assets Broadcast rights — 95,482 394 — 95,876 Goodwill — 3,220,300 8,301 — 3,228,601 Other intangible assets, net — 1,375,180 67,276 — 1,442,456 Investments 850 1,233,522 30,065 — 1,264,437 Intercompany receivables 2,987,672 6,571,444 1,447,586 (11,006,702 ) — Other 69,856 141,117 3,229 (61,210 ) 152,992 Total other assets 3,058,378 12,637,045 1,556,851 (11,067,912 ) 6,184,362 Total Assets $ 15,060,933 $ 13,626,760 $ 1,590,805 $ (22,027,107 ) $ 8,251,391 TRIBUNE MEDIA COMPANY AND SUBSIDIARIES AS OF DECEMBER 31, 2018 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Liabilities and Shareholders’ Equity (Deficit) Current Liabilities Accounts payable $ 23,051 $ 20,357 $ 1,489 $ — $ 44,897 Income taxes payable — 9,973 — — 9,973 Contracts payable for broadcast rights — 230,501 2,186 — 232,687 Deferred revenue — 11,639 869 — 12,508 Interest payable 30,086 — — — 30,086 Other 44,702 76,694 246 — 121,642 Total current liabilities 97,839 349,164 4,790 — 451,793 Non-Current Liabilities Long-term debt 2,926,083 — — — 2,926,083 Deferred income taxes — 570,933 64,201 (61,210 ) 573,924 Contracts payable for broadcast rights — 232,850 425 — 233,275 Intercompany payables 8,121,544 2,176,908 708,250 (11,006,702 ) — Other 397,559 121,497 24,163 — 543,219 Total non-current liabilities 11,445,186 3,102,188 797,039 (11,067,912 ) 4,276,501 Total Liabilities 11,543,025 3,451,352 801,829 (11,067,912 ) 4,728,294 Shareholders’ Equity (Deficit) Common stock 102 — — — 102 Treasury stock (632,194 ) — — — (632,194 ) Additional paid-in-capital 4,031,233 8,307,898 913,902 (9,221,800 ) 4,031,233 Retained (deficit) earnings 223,734 1,868,740 (130,052 ) (1,738,688 ) 223,734 Accumulated other comprehensive (loss) income (104,967 ) (1,230 ) (63 ) 1,293 (104,967 ) Total Tribune Media Company shareholders’ equity (deficit) 3,517,908 10,175,408 783,787 (10,959,195 ) 3,517,908 Noncontrolling interests — — 5,189 — 5,189 Total shareholders’ equity (deficit) 3,517,908 10,175,408 788,976 (10,959,195 ) 3,523,097 Total Liabilities and Shareholders’ Equity (Deficit) $ 15,060,933 $ 13,626,760 $ 1,590,805 $ (22,027,107 ) $ 8,251,391 TRIBUNE MEDIA COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31 , 2019 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Net cash (used in) provided by operating activities $ (53,456 ) $ 299,681 $ (88,714 ) $ — $ 157,511 Investing Activities Capital expenditures (919 ) (12,658 ) 199 — (13,378 ) Spectrum repack reimbursements — 3,673 — — 3,673 Proceeds from the sales of investments — — 107,500 — 107,500 Other, net — (948 ) — — (948 ) Net cash (used in) provided by investing activities (919 ) (9,933 ) 107,699 — 96,847 Financing Activities Payments of dividends (22,061 ) — — — (22,061 ) Tax withholdings related to net share settlements of share-based awards (8,288 ) — — — (8,288 ) Proceeds from stock option exercises 7,009 — — — 7,009 Contribution from noncontrolling interest — — 190 — 190 Change in intercompany receivables and payables and intercompany contributions 308,282 (289,056 ) (19,226 ) — — Net cash provided by (used in) financing activities 284,942 (289,056 ) (19,036 ) — (23,150 ) Net Increase (decrease) in Cash, Cash Equivalents and Restricted Cash 230,567 692 (51 ) — 231,208 Cash, cash equivalents and restricted cash, beginning of period 1,075,568 904 3,176 — 1,079,648 Cash, cash equivalents and restricted cash, end of period $ 1,306,135 $ 1,596 $ 3,125 $ — $ 1,310,856 Cash, Cash Equivalents and Restricted Cash are Comprised of: Cash and cash equivalents $ 1,289,528 $ 1,596 $ 3,125 $ — $ 1,294,249 Restricted cash and cash equivalents 16,607 — — — 16,607 Total cash, cash equivalents and restricted cash $ 1,306,135 $ 1,596 $ 3,125 $ — $ 1,310,856 TRIBUNE MEDIA COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31 , 2018 (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 $ (43,982 ) $ 228,723 $ (27,346 ) $ — $ 157,395 Investing Activities Capital expenditures (2,813 ) (10,836 ) (24 ) — (13,673 ) Proceeds from sales of investments — — 3,890 — 3,890 Other — 16 — — 16 Net cash (used in) provided by investing activities (2,813 ) (10,820 ) 3,866 — (9,767 ) Financing Activities Payments of dividends (21,922 ) — — — (21,922 ) Tax withholdings related to net share settlements of share-based awards (5,493 ) — — — (5,493 ) Proceeds from stock option exercises 581 — — — 581 Change in intercompany receivables and payables and intercompany contributions 193,972 (218,271 ) 24,299 — — Net cash provided by (used in) financing activities 167,138 (218,271 ) 24,299 — (26,834 ) Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 120,343 (368 ) 819 — 120,794 Cash, cash equivalents and restricted cash, beginning of period 687,868 1,501 1,882 — 691,251 Cash, cash equivalents and restricted cash, end of period $ 808,211 $ 1,133 $ 2,701 $ — $ 812,045 Cash, Cash Equivalents and Restricted Cash are Comprised of: Cash and cash equivalents $ 791,604 $ 1,133 $ 2,701 $ — $ 795,438 Restricted cash and cash equivalents 16,607 — — — 16,607 Total cash, cash equivalents and restricted cash $ 808,211 $ 1,133 $ 2,701 $ — $ 812,045

Basis Of Presentation And Sig_2

Basis Of Presentation And Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2019
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 year ended December 31, 2018 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, 2019 and the results of operations and cash flows for the three months ended March 31, 2019 and March 31, 2018 . 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.
Change in Accounting Principles	Change in Accounting Principles —In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“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 needs to recognize on its balance sheet a right-of-use asset and a lease liability for the majority of its leases (other than leases with a term of less than 12 months). The lease liabilities should be equal to the present value of minimum lease payments. The right-of-use asset is measured at the lease liability amount, adjusted for lease prepayment, lease incentives received and the lessee’s initial direct costs. In January 2018, the FASB issued ASU No. 2018-01, “Leases (Topic 842) - Land Easement Practical Expedient for Transition to Topic 842,” which provides an optional transition practical expedient to not evaluate under Topic 842 existing or expired land easements that were not previously accounted for as leases under the current leases guidance in Topic 840. In July 2018, the FASB issued ASU No. 2018-10, “Codification Improvements to Topic 842, Leases,” and ASU No. 2018-11, “Leases (Topic 842), Targeted Improvements,” which affect certain aspects of the previously issued guidance including an additional transition method as well as a new practical expedient for lessors. In December 2018, the FASB issued ASU No. 2018-19, “Codification Improvements to Topic 326, Financial Instruments - Credit Losses” and ASU No. 2018-20, “Leases (Topic 842), Narrow-Scope Improvements for Lessors,” which provide additional guidance for lessor accounting as well as a new practical expedient for lessors. In March 2019, the FASB issued ASU No. 2019-01, “Leases (Topic 842), Codification Improvements,” which provides additional guidance on disclosure requirements. The Company adopted Topic 842 in the first quarter of 2019. The adoption of Topic 842 did not have a material impact on the Company’s unaudited Condensed Consolidated Statements of Operations, unaudited Condensed Consolidated Statements of Comprehensive Income (Loss) and unaudited Condensed Consolidated Statements of Cash Flows. Refer to Note 3 for information regarding the impacts of the adoption. See the Leases accounting policy below for additional information. In August 2017, the FASB issued ASU No. 2017-12, “Derivatives and Hedging (Topic 815).” The standard simplifies the application of the hedge accounting guidance and enables entities to better portray the economic results of their risk management activities in the financial statements. The new guidance eliminates the requirement and the ability to separately record ineffectiveness on cash flow and net investment hedges and generally requires the entire change in the fair value of a hedging instrument to be presented in the same income statement line as the hedged item. The standard requires certain additional disclosures that focus on the effect of hedge accounting whereas the disclosure of hedge ineffectiveness is eliminated. The amendments expand the types of permissible hedging strategies. Additionally, the amendment makes the hedge documentation and effectiveness assessment less complex. The amendments in ASU 2017-12 related to cash flow hedge relationships that exist on the date of adoption should be applied using a modified retrospective approach with the cumulative effect of initially applying ASU 2017-12 at the date of initial application. The presentation and disclosure requirements apply prospectively. The Company adopted ASU 2017-12 in the first quarter of 2019. The adoption of this standard did not have a material impact on the Company’s consolidated financial statements.
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.
Lessee, Leases	Leases —The Company determines whether an arrangement contains a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets, current operating lease liabilities and non-current operating lease liabilities in the unaudited Condensed Consolidated Balance Sheets. The Company does not currently have any finance lease arrangements. ROU assets represent the Company’s right to use an underlying asset for the lease term. The operating lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at the commencement date based on the present value of the fixed lease payments over the lease term. Unless the rate of interest implicit in the lease arrangement is known, the Company’s collateralized incremental borrowing rate for a period commensurate with the lease term at lease commencement is used to calculate the present value of the lease payments. When the Company knows the implicit rate of interest in the arrangement, that rate is used. The operating lease ROU asset includes any prepaid lease payments, initial direct costs, if applicable, less lease incentives. The Company has lease agreements with lease and non-lease components. To the extent the non-lease components require fixed payments, the Company accounts for both the lease and non-lease component as a single lease component in accordance with Topic 842. Leases generally include options to extend or terminate a lease. These options are included in the lease term when it is reasonably certain that the Company will exercise the renewal or termination option. The Company does not record an operating lease ROU asset or liability for leases with a term of twelve months or less with the related lease expense recognized over the term of the lease. Operating lease expense is recognized on a straight-line basis over the lease term.
Revenue Recognition, Policy	Revenue Recognition —The Company recognizes revenues when control of the promised goods or services is transferred to the Company’s customers in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. The following table represents the Company’s revenues disaggregated by revenue source for the Television and Entertainment segment (in thousands): Three Months Ended March 31, 2019 March 31, 2018 Advertising $ 269,889 $ 270,439 Retransmission revenues 132,860 118,142 Carriage fees 41,139 41,662 Other 9,539 10,459 Total operating revenues $ 453,427 $ 440,702 In addition to the operating revenues included in the Television and Entertainment segment, the Company’s consolidated operating revenues include other revenue of $2 million and $3 million for the three months ended March 31, 2019 and March 31, 2018 , respectively, in Corporate and Other, which consists of real estate revenues.
Investments	Variable Interests —The Company evaluates its investments and other transactions to determine whether any entities associated with the investments or transactions should be consolidated under the provisions of FASB Accounting Standards Codification (“ASC”) Topic 810, “Consolidation.” The Company consolidates variable interest entities (“VIEs”) when it is the primary beneficiary.
New Accounting Standards	New Accounting Standard s—In April 2019, the FASB issued ASU 2019-04, “Codification Improvements to Topic 326, Financial Instruments-Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments,” which provided certain improvements to ASU 2016-01, “Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities,” ASU 2016-13, “Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” and ASU 2017-12, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities.” As the Company has adopted ASU 2016-01 and ASU 2017-12, the improvements in ASU 2019-04 are effective for fiscal years beginning after December 15, 2019, and the interim periods within those fiscal years. Early adoption is permitted. The Company expects to adopt ASU 2016-13 in the first quarter of 2020, as described below, and the improvements in ASU 2019-04 will be adopted concurrently. The Company is currently evaluating the impact of adopting ASU 2019-04 on its consolidated financial statements. In March 2019, the FASB issued ASU 2019-02, “Entertainment-Films-Other Assets-Film Costs (Subtopic 926-20) and Entertainment-Broadcasters-Intangibles-Goodwill and Other (Subtopic 920-350).” The standard requires production costs of episodic television series to be capitalized as incurred, which aligns the guidance with the accounting for production costs of films. In addition, once ASU 2019-02 is effective, capitalized costs associated with films and license agreements will be tested for impairment based on the lower of unamortized cost or fair value, as opposed to the existing guidance where the impairment test is based on estimated net realizable value. The guidance also includes additional disclosure requirements. The standard is effective for fiscal years beginning after December 15, 2019, and the interim periods within those fiscal years. Early adoption is permitted. The amendments in ASU 2019-02 should be applied prospectively. The Company is currently evaluating the impact of adopting ASU 2019-02 on its consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-15, “Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40).” The standard requires a customer in a hosting arrangement that is a service contract to follow the internal-use software guidance to determine which implementation costs to capitalize as an asset related to the service contract. The standard also requires a customer to expense the capitalized implementation costs over the term of the hosting arrangement and specifies presentation requirements for both the capitalized costs and the amortized expenses. The standard is effective for fiscal years beginning after December 15, 2019, and the interim periods within those fiscal years. Early adoption is permitted. The amendments in ASU 2018-15 should be applied either retrospectively or prospectively to all implementation costs incurred after the date of adoption. The Company is currently evaluating the impact of adopting ASU 2018-15 on its consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-14, “Compensation - Retirement Benefits - Defined Benefit Plans - General (Subtopic 715-20).” The standard modifies certain disclosure requirements for employers that sponsor defined benefit pension and other postretirement benefit plans by removing disclosures that are no longer considered cost beneficial, clarifying specific requirements of disclosures, and adding disclosure requirements identified as relevant. The standard is effective for fiscal years ending after December 15, 2020. Early adoption is permitted. The amendments in ASU 2018-14 should be applied retrospectively to each period presented. The Company is currently evaluating the impact of adopting ASU 2018-14 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 losses on 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 “probable” 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.

Basis Of Presentation And Sig_3

Basis Of Presentation And Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Disaggregation of Revenue	The following table represents the Company’s revenues disaggregated by revenue source for the Television and Entertainment segment (in thousands): Three Months Ended March 31, 2019 March 31, 2018 Advertising $ 269,889 $ 270,439 Retransmission revenues 132,860 118,142 Carriage fees 41,139 41,662 Other 9,539 10,459 Total operating revenues $ 453,427 $ 440,702
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The Company’s unaudited Condensed Consolidated Balance Sheets as of March 31, 2019 and December 31, 2018 include the following assets and liabilities of the Dreamcatcher stations (in thousands): March 31, 2019 December 31, 2018 Broadcast rights 1,671 2,355 Other intangible assets, net 58,754 61,386 Other assets 8,515 8,770 Total Assets $ 68,940 $ 72,511 Contracts payable for broadcast rights 1,528 2,186 Long-term deferred revenue 23,948 24,164 Other liabilities 1,248 1,291 Total Liabilities $ 26,724 $ 27,641

Assets Held For Sale (Tables)

Assets Held For Sale (Tables)	3 Months Ended
	Mar. 31, 2019
Assets Held-for-sale, Not Part of Disposal Group [Abstract]
Assets Held For Sale	Assets Held for Sale —Assets held for sale in the Company’s unaudited Condensed Consolidated Balance Sheets consisted of the following (in thousands): March 31, 2019 December 31, 2018 Real estate (1) $ 60,177 $ — (1) As of March 31, 2019 , the Company had one real estate property held for sale.

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Cash Flow, Supplemental Disclosures - Leases	Supplemental unaudited Condensed Consolidated Statements of Cash Flows information related to leases was as follows (in thousands): Three Months Ended March 31, 2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 8,827
Lessee, Operating Lease, Liability, Maturity	As of March 31, 2019, maturities of operating lease liabilities were as follows (in thousands): 2019 (excluding the three months ended March 31, 2019) $ 25,761 2020 32,704 2021 25,271 2022 24,851 2023 23,698 Thereafter 88,850 Total lease payments 221,135 Less: imputed interest 53,107 Total operating lease liabilities $ 168,028
Schedule of Future Minimum Rental Payments for Operating Leases	As of December 31, 2018, the Company’s future minimum lease payments under non-cancelable operating leases, as disclosed in Note 10 to the Company’s audited consolidated financial statements for the year ended December 31, 2018 , were as follows (in thousands): 2019 $ 33,042 2020 31,035 2021 22,496 2022 22,004 2023 20,798 Thereafter 91,961 Total lease payments $ 221,336

Goodwill And Other Intangible_2

Goodwill And Other Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2019
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, 2019 December 31, 2018 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 $ (82,813 ) $ 129,187 $ 212,000 $ (79,500 ) $ 132,500 Advertiser relationships (useful life of 8 years) 168,000 (131,250 ) 36,750 168,000 (126,000 ) 42,000 Network affiliation agreements (useful life of 11 to 16 years) 228,700 (87,401 ) 141,299 228,700 (83,649 ) 145,051 Retransmission consent agreements (useful life of 7 to 12 years) 830,100 (489,582 ) 340,518 830,100 (467,073 ) 363,027 Other (useful life of 5 to 15 years) 8,793 (2,988 ) 5,805 16,015 (8,137 ) 7,878 Total $ 1,447,593 $ (794,034 ) 653,559 $ 1,454,815 $ (764,359 ) 690,456 Other intangible assets not subject to amortization FCC licenses 737,200 737,200 Trade name 14,800 14,800 Total other intangible assets, net 1,405,559 1,442,456 Goodwill 3,228,436 3,228,601 Total goodwill and other intangible assets $ 4,633,995 $ 4,671,057
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, 2019 were as follows (in thousands): Other intangible assets subject to amortization Balance as of December 31, 2018 $ 690,456 Amortization (35,021 ) Balance sheet reclassifications (1) (1,762 ) Foreign currency translation adjustment (114 ) Balance as of March 31, 2019 $ 653,559 Other intangible assets not subject to amortization Balance as of March 31, 2019 and December 31, 2018 $ 752,000 Goodwill Gross balance as of December 31, 2018 $ 3,609,601 Accumulated impairment losses at December 31, 2018 (381,000 ) Balance as of December 31, 2018 3,228,601 Foreign currency translation adjustment (165 ) Balance as of March 31, 2019 $ 3,228,436 Total goodwill and other intangible assets as of March 31, 2019 $ 4,633,995 (1) Balance sheet reclassifications include $2 million of lease contract intangible assets that were reclassified to operating lease right-of-use assets in the Company’s unaudited Condensed Consolidated Balance Sheets on January 1, 2019 upon implementation of ASU No. 2016-02. See Note 3 for additional information.

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 2019
Investment [Line Items]
Schedule of Investments	Investments consisted of the following (in thousands): March 31, 2019 December 31, 2018 Equity method investments $ 1,131,050 $ 1,238,457 Other equity investments 5,503 25,980 Total investments $ 1,136,553 $ 1,264,437
Equity Method Investments Information	Income on 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, 2019 March 31, 2018 Income on equity investments, net, before amortization of basis difference $ 58,154 $ 51,606 Amortization of basis difference (12,469 ) (12,469 ) Income on equity investments, net $ 45,685 $ 39,137
Distributions from Equity Investments	Cash distributions from the Company’s equity method investments were as follows (in thousands): Three Months Ended March 31, 2019 March 31, 2018 Cash distributions from equity investments $ 153,082 $ 115,137
Television Food Network, G.P.
Investment [Line Items]
Equity Method Investments Information	Summarized financial information for TV Food Network is as follows (in thousands): Three Months Ended March 31, 2019 March 31, 2018 Revenues, net $ 319,715 $ 307,945 Operating income $ 178,032 $ 162,756 Net income $ 187,450 $ 165,589

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Debt consisted of the following (in thousands): March 31, 2019 December 31, 2018 Term Loan Facility Term B Loans due 2020, effective interest rate of 3.84%, net of unamortized discount and debt issuance costs of $1,111 and $1,268 $ 188,514 $ 188,357 Term C Loans due 2024, effective interest rate of 3.85%, net of unamortized discount and debt issuance costs of $17,441 and $18,305 1,648,451 1,647,587 5.875% Senior Notes due 2022, net of debt issuance costs of $9,174 and $9,861 1,090,826 1,090,139 Total debt $ 2,927,791 $ 2,926,083

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2019
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, 2019 December 31, 2018 Fair Carrying Fair Carrying Term Loan Facility Term B Loans due 2020 $ 189,270 $ 188,514 $ 187,965 $ 188,357 Term C Loans due 2024 $ 1,662,561 $ 1,648,451 $ 1,631,742 $ 1,647,587 5.875% Senior Notes due 2022 $ 1,123,716 $ 1,090,826 $ 1,111,000 $ 1,090,139

Pension And Other Retirement _2

Pension And Other Retirement Plans (Tables)	3 Months Ended
	Mar. 31, 2019
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs	The components of net periodic benefit credit for Company-sponsored pension plans were as follows (in thousands): Pension Benefits Three Months Ended March 31, 2019 March 31, 2018 Service cost $ 213 $ 293 Interest cost 19,169 17,740 Expected return on plans’ assets (23,785 ) (24,818 ) Amortization of prior service costs 40 35 Net periodic benefit credit $ (4,363 ) $ (6,750 )

Capital Stock (Tables)

Capital Stock (Tables)	3 Months Ended
	Mar. 31, 2019
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): 2019 2018 Per Share Total Amount Per Share Total Amount First quarter $ 0.25 $ 22,061 $ 0.25 $ 21,922

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2019
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 as follows: Three Months Ended Shares Weighted Avg. Outstanding, beginning of period 2,431,397 $ 36.54 Exercised (220,792 ) 31.74 Forfeited (44,740 ) 33.10 Cancelled (1,860 ) 50.49 Outstanding, end of period 2,164,005 $ 37.09 Vested and exercisable, end of period 1,508,539 $ 39.02
Restricted Stock Units Activity	A summary of activity and weighted average fair values related to the RSUs is as follows: Three Months Ended Shares Weighted Avg. Outstanding, beginning of period 1,123,554 $ 35.46 Granted 467,430 46.03 Dividend equivalent units granted 6,376 46.04 Vested (369,339 ) 34.48 Dividend equivalent units vested (22,281 ) 37.51 Forfeited (29,245 ) 36.55 Dividend equivalent units forfeited (1,227 ) 38.45 Outstanding and nonvested, end of period 1,175,268 $ 39.96
Unrestricted Stock Award Activity	A summary of activity and weighted average fair values related to the restricted stock awards is as follows: Three Months Ended Shares Weighted Avg. Fair Value Outstanding, beginning of period 27,812 $ 36.84 Outstanding and nonvested, end of period 27,812 $ 36.84
Performance-based Units Activity	A summary of activity and weighted average fair values related to the PSUs and Supplemental PSUs is as follows: Three Months Ended Shares Weighted Avg. Fair Value Outstanding, beginning of period 161,515 $ 37.30 Granted (1) 49,342 46.43 Dividend equivalent units granted 1,487 40.95 Vested (119,282 ) 36.60 Dividend equivalent units vested (6,548 ) 37.19 Outstanding and nonvested, end of period 86,514 $ 42.06 (1) Represents shares of PSUs for which performance targets have been established and which are deemed granted under U.S. GAAP.
Unrecognized Compensation Cost, Nonvested Awards	As of March 31, 2019 , the Company had not yet recognized compensation cost on nonvested awards as follows (dollars in thousands): Unrecognized Compensation Cost Weighted Avg. Remaining Recognition Period Nonvested awards $ 50,268 2.6

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2019
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, 2019 March 31, 2018 EPS numerator: Net income, as reported $ 113,204 $ 141,183 Net loss attributable to noncontrolling interests 4 6 Net income attributable to Tribune Media Company 113,208 141,189 Less: Dividends distributed to Warrants 8 8 Less: Undistributed earnings allocated to Warrants 32 42 Net income attributable to Tribune Media Company’s common shareholders for basic and diluted EPS $ 113,168 $ 141,139 EPS denominator: Weighted average shares outstanding - basic 87,923 87,482 Impact of dilutive securities 1,043 910 Weighted average shares outstanding - diluted 88,966 88,392 Net Income Per Common Share Attributable to Tribune Media Company: Basic $ 1.29 $ 1.61 Diluted $ 1.27 $ 1.60

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table summarizes the changes in AOCI, net of taxes by component (in thousands): Pension and Other Post-Retirement Benefit Items Cash Flow Hedging Instruments Foreign Currency Translation Adjustments Total Balance at December 31, 2018 $ (108,238 ) $ 4,564 $ (1,293 ) $ (104,967 ) Other comprehensive income before reclassifications — (5,018 ) (328 ) (5,346 ) Amounts reclassified from AOCI (54 ) (212 ) — (266 ) Balance at March 31, 2019 $ (108,292 ) $ (666 ) $ (1,621 ) $ (110,579 )

Business Segments (Tables)

Business Segments (Tables)	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following table summarizes business segment financial data (in thousands): Three Months Ended March 31, 2019 March 31, 2018 Operating Revenues Television and Entertainment $ 453,427 $ 440,702 Corporate and Other 1,561 2,933 Total operating revenues $ 454,988 $ 443,635 Operating Profit (Loss) (1) Television and Entertainment $ 79,925 $ 211,852 Corporate and Other (25,222 ) (24,567 ) Total operating profit (loss) $ 54,703 $ 187,285 Depreciation Television and Entertainment $ 11,062 $ 10,870 Corporate and Other 1,890 2,905 Total depreciation $ 12,952 $ 13,775 Amortization Television and Entertainment $ 35,021 $ 41,687 Capital Expenditures Television and Entertainment $ 11,933 $ 10,126 Corporate and Other 1,445 3,547 Total capital expenditures $ 13,378 $ 13,673 March 31, 2019 December 31, 2018 Assets Television and Entertainment $ 6,913,874 $ 6,976,808 Corporate and Other 1,446,083 1,274,583 Assets held for sale (2) 60,177 — Total assets $ 8,420,134 $ 8,251,391 (1) Operating profit (loss) for each segment excludes income and loss on equity investments, interest income, interest expense, pension and other postretirement period benefit cost (credit), non-operating items, reorganization costs and income taxes. (2) See Note 2 for information regarding assets held for sale.

Condensed Consolidating Finan_2

Condensed Consolidating Financial Information (Tables)	3 Months Ended
	Mar. 31, 2019
Condensed Financial Information 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 , 2019 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Operating Revenues $ — $ 453,637 $ 1,351 $ — $ 454,988 Programming and direct operating expenses — 218,352 698 — 219,050 Selling, general and administrative 23,573 108,804 885 — 133,262 Depreciation and amortization 1,743 43,370 2,860 — 47,973 Total Operating Expenses 25,316 370,526 4,443 — 400,285 Operating (Loss) Profit (25,316 ) 83,111 (3,092 ) — 54,703 Income (loss) on equity investments, net — 46,457 (772 ) — 45,685 Interest income 6,246 — 1 — 6,247 Interest expense (43,615 ) — — — (43,615 ) Pension and other postretirement periodic benefit credit, net 4,630 — — — 4,630 Gain on investment transaction — — 86,272 — 86,272 Other non-operating items, net (1,202 ) (1,000 ) (739 ) — (2,941 ) Intercompany income (charges) 23,578 (23,578 ) — — — (Loss) Income Before Income Taxes and Earnings (Losses) from Consolidated Subsidiaries (35,679 ) 104,990 81,670 — 150,981 Income tax (benefit) expense (8,788 ) 28,647 17,918 — 37,777 Equity (deficit) in earnings of consolidated subsidiaries, net of taxes 140,099 (160 ) — (139,939 ) — Net Income (Loss) $ 113,208 $ 76,183 $ 63,752 $ (139,939 ) $ 113,204 Net loss attributable to noncontrolling interests — — 4 — 4 Net Income (Loss) attributable to Tribune Media Company $ 113,208 $ 76,183 $ 63,756 $ (139,939 ) $ 113,208 Comprehensive Income (Loss) $ 107,596 $ 76,168 $ 63,443 $ (139,611 ) $ 107,596 TRIBUNE MEDIA COMPANY AND SUBSIDIARIES COMPREHENSIVE INCOME (LOSS) THREE MONTHS ENDED MARCH 31 , 2018 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Operating Revenues $ — $ 440,891 $ 2,744 $ — $ 443,635 Programming and direct operating expenses — 201,343 786 — 202,129 Selling, general and administrative 22,864 108,372 720 — 131,956 Depreciation and amortization 2,404 49,932 3,126 — 55,462 Gain on sales of spectrum — (133,197 ) — — (133,197 ) Total Operating Expenses 25,268 226,450 4,632 — 256,350 Operating (Loss) Profit (25,268 ) 214,441 (1,888 ) — 187,285 Income (loss) on equity investments, net — 39,358 (221 ) — 39,137 Interest income 1,898 — — — 1,898 Interest expense (40,631 ) — — — (40,631 ) Pension and other postretirement periodic benefit credit, net 7,084 — — — 7,084 Gain on investment transaction — — 3,888 — 3,888 Other non-operating items, net (776 ) — — — (776 ) Intercompany income (charges) 12,413 (12,371 ) (42 ) — — (Loss) Income Before Income Taxes and Earnings (Losses) from Consolidated Subsidiaries (45,280 ) 241,428 1,737 — 197,885 Income tax (benefit) expense (7,555 ) 63,850 407 — 56,702 Equity (deficit) in earnings of consolidated subsidiaries, net of taxes 178,914 (338 ) — (178,576 ) — Net Income (Loss) $ 141,189 $ 177,240 $ 1,330 $ (178,576 ) $ 141,183 Net loss attributable to noncontrolling interests — — 6 — 6 Net Income (Loss) attributable to Tribune Media Company $ 141,189 $ 177,240 $ 1,336 $ (178,576 ) $ 141,189 Comprehensive Income (Loss) $ 149,681 $ 177,215 $ 1,796 $ (179,011 ) $ 149,681
Condensed Consolidating Balance Sheets	TRIBUNE MEDIA COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS AS OF MARCH 31 , 2019 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Assets Current Assets Cash and cash equivalents $ 1,289,528 $ 1,596 $ 3,125 $ — $ 1,294,249 Restricted cash and cash equivalents 16,607 — — — 16,607 Accounts receivable, net 663 403,777 567 — 405,007 Broadcast rights — 86,323 1,322 — 87,645 Income taxes receivable — 17,625 — — 17,625 Prepaid expenses 13,436 12,313 363 — 26,112 Other 5,804 1,229 526 — 7,559 Total current assets 1,326,038 522,863 5,903 — 1,854,804 Properties Property, plant and equipment 45,728 561,686 29,494 — 636,908 Accumulated depreciation (33,663 ) (242,534 ) (1,722 ) — (277,919 ) Net properties 12,065 319,152 27,772 — 358,989 Investments in subsidiaries 11,056,727 59,328 — (11,116,055 ) — Other Assets Broadcast rights — 81,783 349 — 82,132 Operating lease right-of-use assets 8,157 143,184 144 — 151,485 Goodwill — 3,220,300 8,136 — 3,228,436 Other intangible assets, net — 1,341,225 64,334 — 1,405,559 Assets held for sale — 60,177 — — 60,177 Investments 850 1,126,887 8,816 — 1,136,553 Intercompany receivables 3,092,697 6,968,783 1,474,573 (11,536,053 ) — Other 62,883 137,228 7,727 (65,839 ) 141,999 Total other assets 3,164,587 13,079,567 1,564,079 (11,601,892 ) 6,206,341 Total Assets $ 15,559,417 $ 13,980,910 $ 1,597,754 $ (22,717,947 ) $ 8,420,134 TRIBUNE MEDIA COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS AS OF MARCH 31 , 2019 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Liabilities and Shareholders’ Equity (Deficit) Current Liabilities Accounts payable $ 21,969 $ 20,274 $ 1,362 $ — $ 43,605 Income taxes payable — 101,856 — — 101,856 Contracts payable for broadcast rights — 218,727 1,528 — 220,255 Deferred revenue — 11,784 895 — 12,679 Interest payable 14,509 — — — 14,509 Operating lease liabilities 1,740 22,455 35 — 24,230 Other 38,798 46,026 879 — 85,703 Total current liabilities 77,016 421,122 4,699 — 502,837 Non-Current Liabilities Long-term debt 2,927,791 — — — 2,927,791 Deferred income taxes — 581,603 — (65,839 ) 515,764 Contracts payable for broadcast rights — 201,143 382 — 201,525 Operating lease liabilities 8,593 135,096 109 — 143,798 Intercompany payables 8,534,851 2,285,191 716,011 (11,536,053 ) — Other obligations 390,776 87,930 23,948 — 502,654 Total non-current liabilities 11,862,011 3,290,963 740,450 (11,601,892 ) 4,291,532 Total liabilities 11,939,027 3,712,085 745,149 (11,601,892 ) 4,794,369 Shareholders’ Equity (Deficit) Common stock 102 — — — 102 Treasury stock (632,194 ) — — — (632,194 ) Additional paid-in-capital 4,035,660 8,307,898 913,902 (9,221,800 ) 4,035,660 Retained earnings (deficit) 327,401 1,962,172 (66,296 ) (1,895,876 ) 327,401 Accumulated other comprehensive (loss) income (110,579 ) (1,245 ) (376 ) 1,621 (110,579 ) Total Tribune Media Company shareholders’ equity (deficit) 3,620,390 10,268,825 847,230 (11,116,055 ) 3,620,390 Noncontrolling interests — — 5,375 — 5,375 Total shareholders’ equity (deficit) 3,620,390 10,268,825 852,605 (11,116,055 ) 3,625,765 Total Liabilities and Shareholders’ Equity (Deficit) $ 15,559,417 $ 13,980,910 $ 1,597,754 $ (22,717,947 ) $ 8,420,134 TRIBUNE MEDIA COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS AS OF DECEMBER 31, 2018 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Assets Current Assets Cash and cash equivalents $ 1,058,961 $ 904 $ 3,176 $ — $ 1,063,041 Restricted cash and cash equivalents 16,607 — — — 16,607 Accounts receivable, net 323 415,836 779 — 416,938 Broadcast rights — 96,308 1,961 — 98,269 Income taxes receivable — 23,922 — — 23,922 Prepaid expenses 6,992 12,139 313 — 19,444 Other 6,201 1,305 3 — 7,509 Total current assets 1,089,084 550,414 6,232 — 1,645,730 Properties Property, plant and equipment 45,684 612,282 29,411 — 687,377 Accumulated depreciation (31,920 ) (232,469 ) (1,689 ) — (266,078 ) Net properties 13,764 379,813 27,722 — 421,299 Investments in subsidiaries 10,899,707 59,488 — (10,959,195 ) — Other Assets Broadcast rights — 95,482 394 — 95,876 Goodwill — 3,220,300 8,301 — 3,228,601 Other intangible assets, net — 1,375,180 67,276 — 1,442,456 Investments 850 1,233,522 30,065 — 1,264,437 Intercompany receivables 2,987,672 6,571,444 1,447,586 (11,006,702 ) — Other 69,856 141,117 3,229 (61,210 ) 152,992 Total other assets 3,058,378 12,637,045 1,556,851 (11,067,912 ) 6,184,362 Total Assets $ 15,060,933 $ 13,626,760 $ 1,590,805 $ (22,027,107 ) $ 8,251,391 TRIBUNE MEDIA COMPANY AND SUBSIDIARIES AS OF DECEMBER 31, 2018 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Liabilities and Shareholders’ Equity (Deficit) Current Liabilities Accounts payable $ 23,051 $ 20,357 $ 1,489 $ — $ 44,897 Income taxes payable — 9,973 — — 9,973 Contracts payable for broadcast rights — 230,501 2,186 — 232,687 Deferred revenue — 11,639 869 — 12,508 Interest payable 30,086 — — — 30,086 Other 44,702 76,694 246 — 121,642 Total current liabilities 97,839 349,164 4,790 — 451,793 Non-Current Liabilities Long-term debt 2,926,083 — — — 2,926,083 Deferred income taxes — 570,933 64,201 (61,210 ) 573,924 Contracts payable for broadcast rights — 232,850 425 — 233,275 Intercompany payables 8,121,544 2,176,908 708,250 (11,006,702 ) — Other 397,559 121,497 24,163 — 543,219 Total non-current liabilities 11,445,186 3,102,188 797,039 (11,067,912 ) 4,276,501 Total Liabilities 11,543,025 3,451,352 801,829 (11,067,912 ) 4,728,294 Shareholders’ Equity (Deficit) Common stock 102 — — — 102 Treasury stock (632,194 ) — — — (632,194 ) Additional paid-in-capital 4,031,233 8,307,898 913,902 (9,221,800 ) 4,031,233 Retained (deficit) earnings 223,734 1,868,740 (130,052 ) (1,738,688 ) 223,734 Accumulated other comprehensive (loss) income (104,967 ) (1,230 ) (63 ) 1,293 (104,967 ) Total Tribune Media Company shareholders’ equity (deficit) 3,517,908 10,175,408 783,787 (10,959,195 ) 3,517,908 Noncontrolling interests — — 5,189 — 5,189 Total shareholders’ equity (deficit) 3,517,908 10,175,408 788,976 (10,959,195 ) 3,523,097 Total Liabilities and Shareholders’ Equity (Deficit) $ 15,060,933 $ 13,626,760 $ 1,590,805 $ (22,027,107 ) $ 8,251,391
Condensed Consolidating Statement of Cash Flows	TRIBUNE MEDIA COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31 , 2019 Parent (Tribune Media Company) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Tribune Media Company Consolidated Net cash (used in) provided by operating activities $ (53,456 ) $ 299,681 $ (88,714 ) $ — $ 157,511 Investing Activities Capital expenditures (919 ) (12,658 ) 199 — (13,378 ) Spectrum repack reimbursements — 3,673 — — 3,673 Proceeds from the sales of investments — — 107,500 — 107,500 Other, net — (948 ) — — (948 ) Net cash (used in) provided by investing activities (919 ) (9,933 ) 107,699 — 96,847 Financing Activities Payments of dividends (22,061 ) — — — (22,061 ) Tax withholdings related to net share settlements of share-based awards (8,288 ) — — — (8,288 ) Proceeds from stock option exercises 7,009 — — — 7,009 Contribution from noncontrolling interest — — 190 — 190 Change in intercompany receivables and payables and intercompany contributions 308,282 (289,056 ) (19,226 ) — — Net cash provided by (used in) financing activities 284,942 (289,056 ) (19,036 ) — (23,150 ) Net Increase (decrease) in Cash, Cash Equivalents and Restricted Cash 230,567 692 (51 ) — 231,208 Cash, cash equivalents and restricted cash, beginning of period 1,075,568 904 3,176 — 1,079,648 Cash, cash equivalents and restricted cash, end of period $ 1,306,135 $ 1,596 $ 3,125 $ — $ 1,310,856 Cash, Cash Equivalents and Restricted Cash are Comprised of: Cash and cash equivalents $ 1,289,528 $ 1,596 $ 3,125 $ — $ 1,294,249 Restricted cash and cash equivalents 16,607 — — — 16,607 Total cash, cash equivalents and restricted cash $ 1,306,135 $ 1,596 $ 3,125 $ — $ 1,310,856 TRIBUNE MEDIA COMPANY AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31 , 2018 (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 $ (43,982 ) $ 228,723 $ (27,346 ) $ — $ 157,395 Investing Activities Capital expenditures (2,813 ) (10,836 ) (24 ) — (13,673 ) Proceeds from sales of investments — — 3,890 — 3,890 Other — 16 — — 16 Net cash (used in) provided by investing activities (2,813 ) (10,820 ) 3,866 — (9,767 ) Financing Activities Payments of dividends (21,922 ) — — — (21,922 ) Tax withholdings related to net share settlements of share-based awards (5,493 ) — — — (5,493 ) Proceeds from stock option exercises 581 — — — 581 Change in intercompany receivables and payables and intercompany contributions 193,972 (218,271 ) 24,299 — — Net cash provided by (used in) financing activities 167,138 (218,271 ) 24,299 — (26,834 ) Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 120,343 (368 ) 819 — 120,794 Cash, cash equivalents and restricted cash, beginning of period 687,868 1,501 1,882 — 691,251 Cash, cash equivalents and restricted cash, end of period $ 808,211 $ 1,133 $ 2,701 $ — $ 812,045 Cash, Cash Equivalents and Restricted Cash are Comprised of: Cash and cash equivalents $ 791,604 $ 1,133 $ 2,701 $ — $ 795,438 Restricted cash and cash equivalents 16,607 — — — 16,607 Total cash, cash equivalents and restricted cash $ 808,211 $ 1,133 $ 2,701 $ — $ 812,045

Basis Of Presentation And Sig_4

Basis Of Presentation And Significant Accounting Policies (Details)		Feb. 07, 2019	Nov. 30, 2018USD ($)$ / shares	Mar. 31, 2019USD ($)	Mar. 31, 2018USD ($)	Apr. 08, 2019station	Mar. 20, 2019station	Dec. 31, 2018USD ($)
Investment Holdings [Line Items]
Total operating revenues				$ 454,988,000	$ 443,635,000
Operating profit (loss)	[1]			54,703,000	187,285,000
Topix LLC | Variable Interest Entity, Not Primary Beneficiary [Member]
Investment Holdings [Line Items]
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount				5,000,000				$ 5,000,000
Corporate and Other
Investment Holdings [Line Items]
Total operating revenues				1,561,000	2,933,000
Operating profit (loss)	[1]			(25,222,000)	(24,567,000)
Dreamcatcher Stations | Variable Interest Entity, Primary Beneficiary
Investment Holdings [Line Items]
Total operating revenues				19,000,000	18,000,000
Operating profit (loss)				$ 4,000,000	$ 3,000,000
Nexstar Merger
Investment Holdings [Line Items]
Business Acquisition, Share Price | $ / shares			$ 46.50
Business Acquisition, Share Price, Daily Price Increase After Target Close Date			$ 0.009863
Hart-Scott-Rodino Antitrust Improvement Act of 1976 Waiting Period		30 days
Television Stations Nexstar Proposes to Divest | station							19
Television Markets Nexstar Proposes to Divest							15
Contract Termination Fee			135,000,000
Contract Termination Fees Nexstar Cost Reimbursement			$ 15,000,000
Nexstar Merger | Tribune Media Company
Investment Holdings [Line Items]
Television Stations Nexstar Proposes to Divest | station							10
Nexstar Merger | Dreamcatcher Stations
Investment Holdings [Line Items]
Television Stations Nexstar Proposes to Divest | station							3
Nexstar Merger | Nexstar | Subsequent Event
Investment Holdings [Line Items]
Television Stations Nexstar Proposes to Divest | station						2
[1]	(1)Operating profit (loss) for each segment excludes income and loss on equity investments, interest income, interest expense, pension and other postretirement period benefit cost (credit), non-operating items, reorganization costs and income taxes.

Basis Of Presentation And Sig_5

Basis Of Presentation And Significant Accounting Policies - Disaggregated Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Total operating revenues	$ 454,988	$ 443,635
Television and Entertainment
Total operating revenues	453,427	440,702
Advertising revenue | Television and Entertainment
Total operating revenues	269,889	270,439
Retransmission revenues | Television and Entertainment
Total operating revenues	132,860	118,142
Carriage fees | Television and Entertainment
Total operating revenues	41,139	41,662
Other | Television and Entertainment
Total operating revenues	$ 9,539	$ 10,459

Basis Of Presentation And Sig_6

Basis Of Presentation And Significant Accounting Policies - Dreamcatcher (Details) - USD ($) $ in Thousands		Mar. 31, 2019	Dec. 31, 2018
Variable Interest Entity [Line Items]
Broadcast rights		$ 82,132	$ 95,876
Other intangible assets, net		1,405,559	1,442,456
Other assets		141,999	152,992
Total Assets (1)	[1]	8,420,134	8,251,391
Contracts payable for broadcast rights		220,255	232,687
Other liabilities		118,613	154,599
Total Liabilities (1)	[1]	4,794,369	4,728,294
Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Total Assets (1)		69,000	73,000
Total Liabilities (1)		27,000	28,000
Dreamcatcher | Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Broadcast rights		1,671	2,355
Other intangible assets, net		58,754	61,386
Other assets		8,515	8,770
Total Assets (1)		68,940	72,511
Contracts payable for broadcast rights		1,528	2,186
Long-term deferred revenue		23,948	24,164
Other liabilities		1,248	1,291
Total Liabilities (1)		$ 26,724	$ 27,641
[1]	(1) The Company’s consolidated total assets as of March 31, 2019 and December 31, 2018 include total assets of variable interest entities (“VIEs”) of $69 million and $73 million, respectively, which can only be used to settle the obligations of the VIEs. The Company’s consolidated total liabilities as of March 31, 2019 and December 31, 2018 include total liabilities of the VIEs of $27 million and $28 million, respectively, for which the creditors of the VIEs have no recourse to the Company (see Note 1).

Assets Held For Sale (Details)

Assets Held For Sale (Details) $ in Thousands		Mar. 31, 2019USD ($)property		Dec. 31, 2018USD ($)
Assets held for sale	[1]	$ 60,177		$ 0
Assets Held for Sale, Number of Properties Held for Sale | property		1
Real Estate
Assets held for sale		$ 60,177	[2]	$ 0
[1]	(2)See Note 2 for information regarding assets held for sale.
[2]	(1)As of March 31, 2019, the Company had one real estate property held for sale.

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Jan. 01, 2019	Dec. 31, 2018
Lessee, Lease, Description [Line Items]
Operating lease right-of-use assets	$ 151,485		$ 0
Operating lease liability	168,028
Deferred Rent Credit			$ 18,000
Cumulative effect of a change in accounting principle	$ 12,808
Operating Lease, Weighted Average Remaining Lease Term	7 years 10 months 24 days
Operating Lease, Weighted Average Discount Rate, Percent	6.65%
Lease, Cost	$ 9,000
Lease, Operating Lease, Lease Not Yet Commenced, Amount	$ 12,000
Minimum
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Term of Contract	12 months
Lessee Operating Leases Remaining Lease Term	3 months
Lessee, Operating Lease, Lease Not yet Commenced, Term of Contract	11 years
Maximum
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Term of Contract	40 years
Lessee Operating Leases Remaining Lease Term	15 years
Lessee, Operating Lease, Lease Not yet Commenced, Term of Contract	15 years
Accounting Standards Update 2016-02 [Member]
Lessee, Lease, Description [Line Items]
Operating lease right-of-use assets		$ 158,000
Operating lease liability		$ 174,000
Cumulative effect of a change in accounting principle	$ 13,000

Leases Supplemental Cash Flow I

Leases Supplemental Cash Flow Information - Leases (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Leases [Abstract]
Operating cash flows from operating leases	$ 8,827

Leases Maturities of lease liab

Leases Maturities of lease liabilities (Details) $ in Thousands	Mar. 31, 2019USD ($)
Leases [Abstract]
2019 (excluding the three months ended March 31, 2019)	$ 25,761
2020	32,704
2021	25,271
2022	24,851
2023	23,698
Thereafter	88,850
Total lease payments	221,135
Less: imputed interest	53,107
Total operating lease liabilities	$ 168,028

Leases Future Minimum Rental Pa

Leases Future Minimum Rental Payments (Details) $ in Thousands	Dec. 31, 2018USD ($)
Leases [Abstract]
2019	$ 33,042
2020	31,035
2021	22,496
2022	22,004
2023	20,798
Thereafter	91,961
Total lease payments	$ 221,336

Goodwill And Other Intangible_3

Goodwill And Other Intangible Assets - (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Indefinite-lived Intangible Assets [Line Items]
Other intangible assets not subject to amortization	$ 752,000	$ 752,000
Total other intangible assets, net (excluding goodwill)	1,405,559	1,442,456
Goodwill	3,228,436	3,228,601
Total goodwill and other intangible assets	4,633,995	4,671,057
Finite-Lived Intangible Assets [Line Items]
Intangible assets subject to amortization, gross	1,447,593	1,454,815
Intangible assets, accumulated amortization	(794,034)	(764,359)
Intangible assets subject to amortization, net	653,559	690,456
FCC Licenses
Indefinite-lived Intangible Assets [Line Items]
Other intangible assets not subject to amortization	737,200	737,200
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	(82,813)	(79,500)
Intangible assets subject to amortization, net	$ 129,187	132,500
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	(131,250)	(126,000)
Intangible assets subject to amortization, net	$ 36,750	42,000
Useful life (years)	8 years
Network Affiliation Agreements
Finite-Lived Intangible Assets [Line Items]
Intangible assets subject to amortization, gross	$ 228,700	228,700
Intangible assets, accumulated amortization	(87,401)	(83,649)
Intangible assets subject to amortization, net	$ 141,299	145,051
Network Affiliation Agreements | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful life (years)	11 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	(489,582)	(467,073)
Intangible assets subject to amortization, net	$ 340,518	363,027
Retransmission Consent Agreements | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful life (years)	7 years
Retransmission Consent Agreements | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful life (years)	12 years
Other Intangible Assets
Finite-Lived Intangible Assets [Line Items]
Intangible assets subject to amortization, gross	$ 8,793	16,015
Intangible assets, accumulated amortization	(2,988)	(8,137)
Intangible assets subject to amortization, net	$ 5,805	$ 7,878
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)	15 years

Goodwill And Other Intangible_4

Goodwill And Other Intangible Assets - Changes in carrying amounts of intangible assets (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2019	Dec. 31, 2018
Finite-lived Intangible Assets [Roll Forward]
Balance as of December 31, 2018		$ 690,456
Amortization		(35,021)
Balance sheet reclassifications (1)	[1]	(1,762)
Foreign currency translation adjustment		(114)
Balance as of March 31, 2019		653,559
Indefinite-lived Intangible Assets [Roll Forward]
Balance at December 31, 2018		752,000
Balance as of September 30, 2018		752,000
Goodwill [Roll Forward]
Gross balance as of December 31, 2018			$ 3,609,601
Accumulated impairment losses at December 31, 2018			(381,000)
Balance as of December 31, 2018		3,228,601
Foreign currency translation adjustment		(165)
Balance as of March 31, 2019		3,228,436
Total goodwill and other intangible assets		$ 4,633,995	$ 4,671,057
[1]	(1)Balance sheet reclassifications include $2 million of lease contract intangible assets that were reclassified to operating lease right-of-use assets in the Company’s unaudited Condensed Consolidated Balance Sheets on January 1, 2019 upon implementation of ASU No. 2016-02. See Note 3 for additional information.

Goodwill And Other Intangible_5

Goodwill And Other Intangible Assets Change in carrying amounts of intangible assets (Notes) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Balance sheet reclassifications (1)	$ (1,762)	[1]
[1]	(1)Balance sheet reclassifications include $2 million of lease contract intangible assets that were reclassified to operating lease right-of-use assets in the Company’s unaudited Condensed Consolidated Balance Sheets on January 1, 2019 upon implementation of ASU No. 2016-02. See Note 3 for additional information.

Goodwill And Other Intangible_6

Goodwill And Other Intangible Assets - Narrative (Details) $ in Millions	Mar. 31, 2019USD ($)
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract]
Amortization expense relating to amortizable intangible assets, remainder of 2019	$ 105
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
Amortization expense relating to amortizable intangible assets, 2023	57
Amortization expense relating to amortizable intangible assets, 2024	$ 51

Investments Total Investments (

Investments Total Investments (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Investments [Abstract]
Equity method investments	$ 1,131,050	$ 1,238,457
Other equity investments	5,503	25,980
Total investments	$ 1,136,553	$ 1,264,437

Investments Equity Method Inves

Investments Equity Method Investments Table (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Investments [Abstract]
Income on equity investments, net, before amortization of basis difference	$ 58,154	$ 51,606
Amortization of basis difference	(12,469)	(12,469)
Income on equity investments, net	$ 45,685	$ 39,137

Investments Equity Method Inv_2

Investments Equity Method Investments (Details) - USD ($) $ in Thousands	May 14, 2018	Mar. 31, 2019	Sep. 30, 2018	Mar. 31, 2018	Dec. 31, 2018	Sep. 13, 2018	Dec. 31, 2012
Schedule of Equity Method Investments [Line Items]
Aggregate fair value of investments as of Effective Date							$ 2,224,000
Equity Method Investment, Difference Between Carrying Amount and Underlying Equity		$ 623,000
Equity Method Investment, Net Intangible Assets Subject to Amortization of Basis Difference, Useful Life		14 years
Equity method investments		$ 1,131,050			$ 1,238,457
Income on equity investments, net		45,685		$ 39,137
Distributions from equity investments		$ 153,082		115,137
Television Food Network, G.P.
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage		31.00%
Equity method investments		$ 1,121,000			1,228,000
Income on equity investments, net		46,000		39,000
Distributions from equity investments		$ 153,000		115,000
CareerBuilder, LLC
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage						6.00%
Income on equity investments, net				$ (300)	10,000
Distributions from equity investments	$ 5,000				$ 6,000
Proceeds from Sale of Equity Method Investments			$ 11,000
Equity Method Investment, Realized Gain (Loss) on Disposal			$ (5,000)
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, 2019	Mar. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]
Cash distributions from equity investments	$ 153,082	$ 115,137

Investments TV Food Network (De

Investments TV Food Network (Details) - Television Food Network, G.P. - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Schedule of Equity Method Investments [Line Items]
Revenues, net	$ 319,715	$ 307,945
Operating income	178,032	162,756
Net income	$ 187,450	$ 165,589

Investments Other Equity Invest

Investments Other Equity Investments (Details) - USD ($) $ in Thousands	Jan. 22, 2019	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018	Aug. 21, 2018
Line of Credit Facility [Line Items]
Proceeds from the sales of investments		$ 107,500	$ 3,890
Gain on investment transaction		86,272	3,888
New Cubs LLC | Payment Guarantee
Line of Credit Facility [Line Items]
Guarantor maximum exposure				$ 249,000
CEV LLC
Line of Credit Facility [Line Items]
Investment Ownership Percentage	5.00%				5.00%
Proceeds from the sales of investments	$ 107,500
Gain on investment transaction		86,000
Gain (loss) on Investments, after tax		66,000
Deferred Tax Liabilities, Investments		$ 69,000
Other Equity Investment
Line of Credit Facility [Line Items]
Proceeds from the sales of investments			4,000
Gain on investment transaction			$ 4,000

Debt - Long-term Debt (Details)

Debt - Long-term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Total debt, net of discounts	$ 2,927,791	$ 2,926,083
Senior Notes | 5.875% Senior Notes due 2022
Debt Instrument [Line Items]
Total debt, net of discounts	1,090,826	1,090,139
Term B Loans | Senior Secured Credit Agreement
Debt Instrument [Line Items]
Total debt, net of discounts	188,514	188,357
Term C Loans | Senior Secured Credit Agreement
Debt Instrument [Line Items]
Total debt, net of discounts	$ 1,648,451	$ 1,647,587

Debt - Footnotes (Details)

Debt - Footnotes (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Senior Notes | 5.875% Senior Notes due 2022
Debt Instrument [Line Items]
Stated interest rate	5.875%	5.875%
Debt issuance costs	$ 9,174	$ 9,861
Term B Loans | Senior Secured Credit Agreement
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage	3.84%	3.84%
Debt instrument, unamortized discount and debt issuance costs	$ 1,111	$ 1,268
Term C Loans | Senior Secured Credit Agreement
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage	3.85%	3.85%
Debt instrument, unamortized discount and debt issuance costs	$ 17,441	$ 18,305

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Senior Secured Credit Agreement
Debt Instrument [Line Items]
Standby letters of credit outstanding	$ 20,000,000	$ 20,000,000
Senior Secured Credit Agreement | Term C Loans
Debt Instrument [Line Items]
Debt Instrument, Face Amount	1,666,000,000	1,666,000,000
Debt instrument, unamortized discount and debt issuance costs	17,441,000	18,305,000
Senior Secured Credit Agreement | Term B Loans
Debt Instrument [Line Items]
Debt Instrument, Face Amount	190,000,000	190,000,000
Debt instrument, unamortized discount and debt issuance costs	1,111,000	1,268,000
Senior Secured Credit Agreement | Revolving Credit Facility
Debt Instrument [Line Items]
Revolving credit facility borrowings outstanding	0	0
Borrowing capacity under senior secured credit facility	338,000,000	338,000,000
Senior Secured Credit Agreement | Term Loan Facility
Debt Instrument [Line Items]
Debt instrument, unamortized discount and debt issuance costs	19,000,000	$ 20,000,000
5.875% Senior Notes due 2022 | Senior Notes
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 1,100,000,000
Stated interest rate	5.875%	5.875%
Debt issuance costs	$ 9,174,000	$ 9,861,000

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018	Jan. 27, 2017
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest Expense	$ 43,615	$ 40,631
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%
Designated as Hedging Instrument | Interest Rate Swap | Other current liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest Rate Cash Flow Hedge	$ (1,000)
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
Gain (Loss) on Cash Flow Hedge, Net, Pretax	300	$ (1,000)
Expected reclassification of AOCI into Interest Expense	$ (1,000)

Fair Value Measurements Estimat

Fair Value Measurements Estimated Fair Values and Carrying Amounts (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	$ 2,927,791	$ 2,926,083
Senior Secured Credit Agreement | Term B Loans
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	188,514	188,357
Senior Secured Credit Agreement | Term B Loans | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long term debt	189,270	187,965
Senior Secured Credit Agreement | Term C Loans
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	1,648,451	1,647,587
Senior Secured Credit Agreement | Term C Loans | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long term debt	1,662,561	1,631,742
5.875% Senior Notes due 2022 | Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	1,090,826	1,090,139
5.875% Senior Notes due 2022 | Senior Notes | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long term debt	1,123,716	1,111,000
5.875% Senior Notes due 2022 | Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	$ 1,090,826	$ 1,090,139
Stated interest rate	5.875%	5.875%

Commitments and Contingencies (

Commitments and Contingencies (Details)	Aug. 09, 2018USD ($)	Mar. 23, 2018USD ($)	Dec. 08, 2008subsidiary	Feb. 29, 2012USD ($)	Mar. 31, 2019USD ($)claimcase	Mar. 31, 2018USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Mar. 31, 2019USD ($)claimcase	Dec. 31, 2012claim	May 10, 2019radio_stationtelevision_station	Apr. 13, 2017station
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				106
Number of complaints filed | claim										7,400
Restricted cash and cash equivalents					$ 16,607,000	$ 16,607,000	$ 16,607,000		$ 16,607,000
Number of proofs of claim subject to further evaluation and adjustments | claim					403				403
Reorganization Items					$ 1,318,000	893,000
Federal Communications Commission Regulation, Television Station Ownership Cap, Percent					39.00%				39.00%
The UHF Discount, Percent					50.00%				50.00%
FCC regulation, maximum reimbursement amount for required product modifications				$ 1,750,000,000
FCC regulation, additional reimbursement amount for required product modifications		$ 1,000,000,000
Proceeds Received From FCC Spectrum Auction								$ 191,000,000
Proceeds from FCC spectrum auction								172,000,000
Number of Stations Subject to Spectrum Frequency Transition | station												22
Capital expenditures incurred related to spectrum repack					$ 5,000,000		$ 24,000,000		$ 32,000,000
FCC reimbursements received					$ 4,000,000				$ 15,000,000
Fox Purchase Agreement
Loss Contingencies [Line Items]
Contract Termination Fee	$ 0
FCC Licenses
Loss Contingencies [Line Items]
Gain (Loss) on Disposition of Intangible Assets						$ 133,000,000
Dreamcatcher Stations
Loss Contingencies [Line Items]
Proceeds Received From FCC Spectrum Auction								$ 26,000,000
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

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Income tax expense	$ 37,777	$ 56,702
Effective Income Tax Rate Reconciliation, Percent	25.00%	28.70%
U.S federal statutory rate, percent	21.00%	21.00%
Employee Service Share-based Compensation, Tax Benefit from Exercise of Stock Options	$ 2,000
Income tax benefit related to federal and state income tax filings for prior year	3,000
Charge related to certain income tax matters	$ 2,000
Write-off of unrealized deferred tax asset		$ 2,000

Income Taxes - Newsday and Chic

Income Taxes - Newsday and Chicago Cubs Transactions (Details) - USD ($) $ in Thousands	Jan. 22, 2019	Mar. 31, 2019	Mar. 31, 2018	Aug. 21, 2018	Oct. 27, 2009
Income Tax Contingency [Line Items]
Proceeds from the sales of investments		$ 107,500	$ 3,890
Gain on investment transaction		86,272	$ 3,888
CEV LLC
Income Tax Contingency [Line Items]
Ownership percentage in common stock by third party					95.00%
Ownership percentage in common stock	5.00%			5.00%
Proceeds from the sales of investments	$ 107,500
Gain on investment transaction		86,000
Gain (loss) on Investments, after tax		66,000
Deferred tax liability		69,000
CEV LLC | Tax Year 2009
Income Tax Contingency [Line Items]
IRS proposed tax		182,000
IRS proposed gross valuation misstatement penalty		73,000
After-tax interest on proposed tax and penalty		86,000
Estimated federal income taxes before interest and penalties		225,000
Deferred tax liability		69,000
Income taxes paid		$ 167,000

Income Taxes - Other (Details)

Income Taxes - Other (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Liability for unrecognized tax benefits	$ 22	$ 21
Decrease in unrecognized tax benefits is reasonably possible	$ 2

Pension And Other Retirement _3

Pension And Other Retirement Plans Net Periodic Benefit Cost For Pension Benefit Plan (Details) - Pension Plan - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 213	$ 293
Interest cost	19,169	17,740
Expected return on plans’ assets	(23,785)	(24,818)
Amortization of prior service costs	40	35
Net periodic benefit credit	$ (4,363)	$ (6,750)

Pension And Other Retirement _4

Pension And Other Retirement Plans Narrative (Details) - Scenario, Forecast $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Contributions by employer	$ 3
Other Post Retirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Contributions by employer	$ 1

Capital Stock (Details)

Capital Stock (Details)	May 01, 2019$ / shares	Mar. 31, 2019USD ($)$ / sharesshares	Mar. 31, 2018USD ($)$ / sharesshares	Dec. 31, 2018USD ($)$ / sharesshares	Dec. 31, 2017shares	Feb. 24, 2016USD ($)	Dec. 31, 2012shares
Class of Stock [Line Items]
Preferred stock authorized for issuance, shares		40,000,000		40,000,000
Preferred stock par value (usd per share) | $ / shares		$ 0.001		$ 0.001
Treasury stock issued, shares		14,102,185		14,102,185
Dividends declared to shareholders and warrant holders | $		$ 22,061,000	$ 21,922,000
Regular Cash Dividend
Class of Stock [Line Items]
Dividends declared per common share (usd per share) | $ / shares		$ 0.25	$ 0.25
Regular Cash Dividend | Subsequent Event
Class of Stock [Line Items]
Dividends declared per common share (usd per share) | $ / shares	$ 0.25
Dividend Restriction
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)		30,551					16,789,972
Number of shares called by each warrant (shares)		1
Warrant, exercise price, per share (usd per share) | $ / shares		$ 0.001
Class A Common Stock
Class of Stock [Line Items]
Common stock, authorized for issuance, 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)		0
Number of shares of common stock issued (shares)		102,349,311	101,713,544	101,790,837	101,429,999
Shares repurchases authorized (amount) | $						$ 400,000,000
Remaining authorized repurchase amount | $		$ 168,000,000
Treasury Stock, Value, Acquired, Cost Method | $		$ 0		$ 0
Class B Common Stock
Class of Stock [Line Items]
Common stock, authorized for issuance, 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
Number of shares of common stock issued (shares)		5,557	5,557	5,557	5,557
Preferred Stock
Class of Stock [Line Items]
Preferred stock authorized for issuance, shares		40,000,000
Preferred stock par value (usd per share) | $ / shares		$ 0.001

Capital Stock Dividends Declare

Capital Stock Dividends Declared (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Class of Stock [Line Items]
Total Amount	$ 22,061	$ 21,922
Regular Cash Dividend
Class of Stock [Line Items]
Dividends declared per common share (usd per share)	$ 0.25	$ 0.25

Stock-Based Compensation Narrat

Stock-Based Compensation Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	May 05, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation	$ 5,418	$ 5,114
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)	2,279,348
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)	157,588

Stock-Based Compensation Non-Qu

Stock-Based Compensation Non-Qualified Stock Options Activity (Details) - NSO	3 Months Ended
	Mar. 31, 2019$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding, beginning of period (shares) | shares	2,431,397
Exercised (shares) | shares	(220,792)
Forfeitures (shares) | shares	(44,740)
Cancelled (shares) | shares	(1,860)
Outstanding, end of period (shares) | shares	2,164,005
Vested and exercisable, shares end of period (shares) | shares	1,508,539
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	$ 36.54
Exercised, weighted average exercise price (usd per share) | $ / shares	31.74
Forfeitures, weighted average exercise price (usd per share) | $ / shares	33.10
Cancellations, weighted average exercise price (usd per share) | $ / shares	50.49
Outstanding, end of period, weighted average exercise price (usd per share) | $ / shares	37.09
Vested and exercisable, weighted average exercise price, end of period (usd per share) | $ / shares	$ 39.02

Stock-Based Compensation Restri

Stock-Based Compensation Restricted Stock Units Activity (Details)	3 Months Ended
	Mar. 31, 2019$ / 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) | shares	1,123,554
Granted (shares) | shares	467,430
Vested (shares) | shares	(369,339)
Forfeited (shares) | shares	(29,245)
Outstanding and nonvested, shares, end of period (shares) | shares	1,175,268
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	$ 35.46
Granted, weighted average fair value (usd per share) | $ / shares	46.03
Vested, weighted average fair value (usd per share) | $ / shares	34.48
Forfeited, weighted average fair value (usd per share) | $ / shares	36.55
Outstanding and nonvested, weighted average fair value, end of period (usd per share) | $ / shares	$ 39.96
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) | shares	6,376
Vested (shares) | shares	(22,281)
Forfeited (shares) | shares	(1,227)
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	$ 46.04
Vested, weighted average fair value (usd per share) | $ / shares	37.51
Forfeited, weighted average fair value (usd per share) | $ / shares	$ 38.45

Stock-Based Compensation Unrest

Stock-Based Compensation Unrestricted Stock Awards Activity (Details) - Unrestricted Stock	Mar. 31, 2019$ / 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	27,812
Outstanding and nonvested, shares, end of period (shares) | shares	27,812
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	$ 36.84
Outstanding and nonvested, weighted average fair value, end of period (usd per share) | $ / shares	$ 36.84

Stock-Based Compensation Perfor

Stock-Based Compensation Performance Share Units Activity (Details)	3 Months Ended
	Mar. 31, 2019$ / 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) | shares	161,515
Granted (shares) | shares	49,342	[1]
Vested (shares) | shares	(119,282)
Outstanding and nonvested, shares, end of period (shares) | shares	86,514
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	$ 37.30
Granted, weighted average fair value (usd per share) | $ / shares	46.43	[1]
Vested, weighted average fair value (usd per share) | $ / shares	36.60
Outstanding and nonvested, weighted average fair value, end of period (usd per share) | $ / shares	$ 42.06
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) | shares	1,487
Vested (shares) | shares	(6,548)
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	$ 40.95
Vested, weighted average fair value (usd per share) | $ / shares	$ 37.19
[1]	Represents shares of PSUs for which performance targets have been established and which are 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, 2019USD ($)
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Nonvested awards, unrecognized compensation cost	$ 50,268
Nonvested awards, weighted average remaining recognition period	2 years 7 months 6 days

Earnings Per Share Narrative (D

Earnings Per Share Narrative (Details) - shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dividend equivalent units outstanding (shares)	40,962
Weighted-average warrants outstanding excluded from EPS, (shares)	30,551	30,551
Stock Compensation Plan
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from diluted EPS calculation	573,266	1,108,732

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, 2019	Mar. 31, 2018
Earnings Per Share [Abstract]
Income (Loss) from Continuing Operations	$ 113,204	$ 141,183
Net loss attributable to noncontrolling interests	4	6
Net income attributable to Tribune Media Company	113,208	141,189
Less: Dividends distributed to Warrants	8	8
Less: Undistributed earnings allocated to Warrants	32	42
Net income attributable to Tribune Media Company’s common shareholders for basic EPS	113,168	141,139
Net income attributable to Tribune Media Company’s common shareholders for diluted EPS	$ 113,164	$ 141,139
Weighted average shares outstanding - basic (shares)	87,923	87,482
Impact of dilutive securities (shares)	1,043	910
Weighted average shares outstanding - diluted (shares)	88,966	88,392
Earnings Per Share, Basic	$ 1.29	$ 1.61
Earnings Per Share, Diluted	$ 1.27	$ 1.60

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at December 31, 2018	$ (104,967)
Other comprehensive income before reclassifications	(5,346)
Amounts reclassified from AOCI	(266)
Balance at March 31, 2019	(110,579)
Pension and Other Post-Retirement Benefit Items
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at December 31, 2018	(108,238)
Other comprehensive income before reclassifications	0
Amounts reclassified from AOCI	(54)
Balance at March 31, 2019	(108,292)
Cash Flow Hedging Instruments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at December 31, 2018	4,564
Other comprehensive income before reclassifications	(5,018)
Amounts reclassified from AOCI	(212)
Balance at March 31, 2019	(666)
Foreign Currency Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at December 31, 2018	(1,293)
Other comprehensive income before reclassifications	(328)
Amounts reclassified from AOCI	0
Balance at March 31, 2019	$ (1,621)

Business Segments (Details)

Business Segments (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Segment Reporting Information [Line Items]
Operating Revenues		$ 454,988	$ 443,635
Operating profit (loss)	[1]	54,703	187,285
Depreciation		12,952	13,775
Amortization		35,021	41,687
Capital expenditures		13,378	13,673
Assets	[2]	8,420,134		$ 8,251,391
Assets held for sale	[3]	60,177		0
Television and Entertainment
Segment Reporting Information [Line Items]
Operating Revenues		453,427	440,702
Operating Segments | Television and Entertainment
Segment Reporting Information [Line Items]
Operating Revenues		453,427	440,702
Operating profit (loss)	[1]	79,925	211,852
Depreciation		11,062	10,870
Amortization		35,021	41,687
Capital expenditures		11,933	10,126
Assets		6,913,874		6,976,808
Corporate and Other
Segment Reporting Information [Line Items]
Operating Revenues		1,561	2,933
Operating profit (loss)	[1]	(25,222)	(24,567)
Depreciation		1,890	2,905
Capital expenditures		1,445	$ 3,547
Assets		$ 1,446,083		$ 1,274,583
[1]	(1)Operating profit (loss) for each segment excludes income and loss on equity investments, interest income, interest expense, pension and other postretirement period benefit cost (credit), non-operating items, reorganization costs and income taxes.
[2]	(1) The Company’s consolidated total assets as of March 31, 2019 and December 31, 2018 include total assets of variable interest entities (“VIEs”) of $69 million and $73 million, respectively, which can only be used to settle the obligations of the VIEs. The Company’s consolidated total liabilities as of March 31, 2019 and December 31, 2018 include total liabilities of the VIEs of $27 million and $28 million, respectively, for which the creditors of the VIEs have no recourse to the Company (see Note 1).
[3]	(2)See Note 2 for information regarding assets held for sale.

Condensed Consolidating Finan_3

Condensed Consolidating Financial Information Statements of Operations and Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Condensed Statement of Income Captions [Line Items]
Operating Revenues		$ 454,988	$ 443,635
Programming and direct operating expenses		219,050	202,129
Selling, general and administrative		133,262	131,956
Depreciation and amortization		47,973	55,462
Gain on sales of spectrum		0	(133,197)
Total operating expenses		400,285	256,350
Operating (Loss) Profit	[1]	54,703	187,285
Income (loss) on equity investments, net		45,685	39,137
Interest income		6,247	1,898
Interest expense		(43,615)	(40,631)
Pension and other postretirement periodic benefit credit, net		4,630	7,084
Gain on investment transactions		86,272	3,888
Other non-operating items, net		(2,941)	(776)
Intercompany income (charges)		0	0
Income Before Income Taxes		150,981	197,885
Income tax (benefit) expense		37,777	56,702
Equity (deficit) in earnings of consolidated subsidiaries, net of taxes		0	0
Net Income		113,204	141,183
Net loss attributable to noncontrolling interests		4	6
Net Income attributable to Tribune Media Company		113,208	141,189
Comprehensive Income (Loss)		107,596	149,681
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
Gain on sales of spectrum			0
Total operating expenses		0	0
Operating (Loss) Profit		0	0
Income (loss) on equity investments, net		0	0
Interest income		0	0
Interest expense		0	0
Pension and other postretirement periodic benefit credit, net		0	0
Gain on investment transactions		0	0
Other non-operating items, net		0	0
Intercompany income (charges)		0	0
Income Before Income Taxes		0	0
Income tax (benefit) expense		0	0
Equity (deficit) in earnings of consolidated subsidiaries, net of taxes		(139,939)	(178,576)
Net Income		(139,939)	(178,576)
Net loss attributable to noncontrolling interests		0	0
Net Income attributable to Tribune Media Company		(139,939)	(178,576)
Comprehensive Income (Loss)		(139,611)	(179,011)
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		23,573	22,864
Depreciation and amortization		1,743	2,404
Gain on sales of spectrum			0
Total operating expenses		25,316	25,268
Operating (Loss) Profit		(25,316)	(25,268)
Income (loss) on equity investments, net		0	0
Interest income		6,246	1,898
Interest expense		(43,615)	(40,631)
Pension and other postretirement periodic benefit credit, net		4,630	7,084
Gain on investment transactions		0	0
Other non-operating items, net		(1,202)	(776)
Intercompany income (charges)		23,578	12,413
Income Before Income Taxes		(35,679)	(45,280)
Income tax (benefit) expense		(8,788)	(7,555)
Equity (deficit) in earnings of consolidated subsidiaries, net of taxes		140,099	178,914
Net Income		113,208	141,189
Net loss attributable to noncontrolling interests		0	0
Net Income attributable to Tribune Media Company		113,208	141,189
Comprehensive Income (Loss)		107,596	149,681
Guarantor Subsidiaries | Reportable Legal Entities
Condensed Statement of Income Captions [Line Items]
Operating Revenues		453,637	440,891
Programming and direct operating expenses		218,352	201,343
Selling, general and administrative		108,804	108,372
Depreciation and amortization		43,370	49,932
Gain on sales of spectrum			(133,197)
Total operating expenses		370,526	226,450
Operating (Loss) Profit		83,111	214,441
Income (loss) on equity investments, net		46,457	39,358
Interest income		0	0
Interest expense		0	0
Pension and other postretirement periodic benefit credit, net		0	0
Gain on investment transactions		0	0
Other non-operating items, net		(1,000)	0
Intercompany income (charges)		(23,578)	(12,371)
Income Before Income Taxes		104,990	241,428
Income tax (benefit) expense		28,647	63,850
Equity (deficit) in earnings of consolidated subsidiaries, net of taxes		(160)	(338)
Net Income		76,183	177,240
Net loss attributable to noncontrolling interests		0	0
Net Income attributable to Tribune Media Company		76,183	177,240
Comprehensive Income (Loss)		76,168	177,215
Non-Guarantor Subsidiaries | Reportable Legal Entities
Condensed Statement of Income Captions [Line Items]
Operating Revenues		1,351	2,744
Programming and direct operating expenses		698	786
Selling, general and administrative		885	720
Depreciation and amortization		2,860	3,126
Gain on sales of spectrum			0
Total operating expenses		4,443	4,632
Operating (Loss) Profit		(3,092)	(1,888)
Income (loss) on equity investments, net		(772)	(221)
Interest income		1	0
Interest expense		0	0
Pension and other postretirement periodic benefit credit, net		0	0
Gain on investment transactions		86,272	3,888
Other non-operating items, net		(739)	0
Intercompany income (charges)		0	(42)
Income Before Income Taxes		81,670	1,737
Income tax (benefit) expense		17,918	407
Equity (deficit) in earnings of consolidated subsidiaries, net of taxes		0	0
Net Income		63,752	1,330
Net loss attributable to noncontrolling interests		4	6
Net Income attributable to Tribune Media Company		63,756	1,336
Comprehensive Income (Loss)		$ 63,443	$ 1,796
[1]	(1)Operating profit (loss) for each segment excludes income and loss on equity investments, interest income, interest expense, pension and other postretirement period benefit cost (credit), non-operating items, reorganization costs and income taxes.

Condensed Consolidating Finan_4

Condensed Consolidating Financial Information Balance Sheets (Details) - USD ($) $ in Thousands		Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents		$ 1,294,249	$ 1,063,041	$ 795,438
Restricted cash and cash equivalents		16,607	16,607	16,607
Accounts receivable, net		405,007	416,938
Broadcast rights		87,645	98,269
Income taxes receivable		17,625	23,922
Prepaid expenses		26,112	19,444
Other		7,559	7,509
Total current assets		1,854,804	1,645,730
Property, plant and equipment		636,908	687,377
Accumulated depreciation		(277,919)	(266,078)
Net properties		358,989	421,299
Investments in subsidiaries		0	0
Broadcast rights		82,132	95,876
Operating lease right-of-use assets		151,485	0
Goodwill		3,228,436	3,228,601
Other intangible assets, net		1,405,559	1,442,456
Assets held for sale	[1]	60,177	0
Investments		1,136,553	1,264,437
Intercompany receivables		0	0
Other		141,999	152,992
Total other assets		6,206,341	6,184,362
Total Assets (1)	[2]	8,420,134	8,251,391
Accounts payable		43,605	44,897
Income taxes payable		101,856	9,973
Contracts payable for broadcast rights		220,255	232,687
Deferred revenue		12,679	12,508
Interest payable		14,509	30,086
Operating lease liabilities		24,230	0
Other		85,703	121,642
Total current liabilities		502,837	451,793
Long-term debt		2,927,791	2,926,083
Deferred income taxes		515,764	573,924
Contracts payable for broadcast rights		201,525	233,275
Operating lease liabilities		143,798	0
Intercompany payables		0	0
Other obligations		502,654	543,219
Total non-current liabilities		4,291,532	4,276,501
Total Liabilities (1)	[2]	4,794,369	4,728,294
Common stock		102	102
Treasury stock		(632,194)	(632,194)
Additional paid-in-capital		4,035,660	4,031,233
Retained earnings (deficit)		327,401	223,734
Accumulated other comprehensive (loss) income		(110,579)	(104,967)
Total Tribune Media Company shareholders’ equity		3,620,390	3,517,908
Noncontrolling interests		5,375	5,189
Total shareholders’ equity		3,625,765	3,523,097	3,345,135	$ 3,217,180
Total Liabilities and Shareholders’ Equity		8,420,134	8,251,391
Eliminations
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents		0	0	0
Restricted cash and cash equivalents		0	0	0
Accounts receivable, net		0	0
Broadcast rights		0	0
Income taxes receivable		0	0
Prepaid expenses		0	0
Other		0	0
Total current assets		0	0
Property, plant and equipment		0	0
Accumulated depreciation		0	0
Net properties		0	0
Investments in subsidiaries		(11,116,055)	(10,959,195)
Broadcast rights		0	0
Operating lease right-of-use assets		0
Goodwill		0	0
Other intangible assets, net		0	0
Assets held for sale		0
Investments		0	0
Intercompany receivables		(11,536,053)	(11,006,702)
Other		(65,839)	(61,210)
Total other assets		(11,601,892)	(11,067,912)
Total Assets (1)		(22,717,947)	(22,027,107)
Accounts payable		0	0
Income taxes payable		0	0
Contracts payable for broadcast rights		0	0
Deferred revenue		0	0
Interest payable		0	0
Operating lease liabilities		0
Other		0	0
Total current liabilities		0	0
Long-term debt		0	0
Deferred income taxes		(65,839)	(61,210)
Contracts payable for broadcast rights		0	0
Operating lease liabilities		0
Intercompany payables		(11,536,053)	(11,006,702)
Other obligations		0	0
Total non-current liabilities		(11,601,892)	(11,067,912)
Total Liabilities (1)		(11,601,892)	(11,067,912)
Common stock		0	0
Treasury stock		0	0
Additional paid-in-capital		(9,221,800)	(9,221,800)
Retained earnings (deficit)		(1,895,876)	(1,738,688)
Accumulated other comprehensive (loss) income		1,621	1,293
Total Tribune Media Company shareholders’ equity		(11,116,055)	(10,959,195)
Noncontrolling interests		0	0
Total shareholders’ equity		(11,116,055)	(10,959,195)
Total Liabilities and Shareholders’ Equity		(22,717,947)	(22,027,107)
Parent (Tribune Media Company) | Reportable Legal Entities
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents		1,289,528	1,058,961	791,604
Restricted cash and cash equivalents		16,607	16,607	16,607
Accounts receivable, net		663	323
Broadcast rights		0	0
Income taxes receivable		0	0
Prepaid expenses		13,436	6,992
Other		5,804	6,201
Total current assets		1,326,038	1,089,084
Property, plant and equipment		45,728	45,684
Accumulated depreciation		(33,663)	(31,920)
Net properties		12,065	13,764
Investments in subsidiaries		11,056,727	10,899,707
Broadcast rights		0	0
Operating lease right-of-use assets		8,157
Goodwill		0	0
Other intangible assets, net		0	0
Assets held for sale		0
Investments		850	850
Intercompany receivables		3,092,697	2,987,672
Other		62,883	69,856
Total other assets		3,164,587	3,058,378
Total Assets (1)		15,559,417	15,060,933
Accounts payable		21,969	23,051
Income taxes payable		0	0
Contracts payable for broadcast rights		0	0
Deferred revenue		0	0
Interest payable		14,509	30,086
Operating lease liabilities		1,740
Other		38,798	44,702
Total current liabilities		77,016	97,839
Long-term debt		2,927,791	2,926,083
Deferred income taxes		0	0
Contracts payable for broadcast rights		0	0
Operating lease liabilities		8,593
Intercompany payables		8,534,851	8,121,544
Other obligations		390,776	397,559
Total non-current liabilities		11,862,011	11,445,186
Total Liabilities (1)		11,939,027	11,543,025
Common stock		102	102
Treasury stock		(632,194)	(632,194)
Additional paid-in-capital		4,035,660	4,031,233
Retained earnings (deficit)		327,401	223,734
Accumulated other comprehensive (loss) income		(110,579)	(104,967)
Total Tribune Media Company shareholders’ equity		3,620,390	3,517,908
Noncontrolling interests		0	0
Total shareholders’ equity		3,620,390	3,517,908
Total Liabilities and Shareholders’ Equity		15,559,417	15,060,933
Guarantor Subsidiaries | Reportable Legal Entities
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents		1,596	904	1,133
Restricted cash and cash equivalents		0	0	0
Accounts receivable, net		403,777	415,836
Broadcast rights		86,323	96,308
Income taxes receivable		17,625	23,922
Prepaid expenses		12,313	12,139
Other		1,229	1,305
Total current assets		522,863	550,414
Property, plant and equipment		561,686	612,282
Accumulated depreciation		(242,534)	(232,469)
Net properties		319,152	379,813
Investments in subsidiaries		59,328	59,488
Broadcast rights		81,783	95,482
Operating lease right-of-use assets		143,184
Goodwill		3,220,300	3,220,300
Other intangible assets, net		1,341,225	1,375,180
Assets held for sale		60,177
Investments		1,126,887	1,233,522
Intercompany receivables		6,968,783	6,571,444
Other		137,228	141,117
Total other assets		13,079,567	12,637,045
Total Assets (1)		13,980,910	13,626,760
Accounts payable		20,274	20,357
Income taxes payable		101,856	9,973
Contracts payable for broadcast rights		218,727	230,501
Deferred revenue		11,784	11,639
Interest payable		0	0
Operating lease liabilities		22,455
Other		46,026	76,694
Total current liabilities		421,122	349,164
Long-term debt		0	0
Deferred income taxes		581,603	570,933
Contracts payable for broadcast rights		201,143	232,850
Operating lease liabilities		135,096
Intercompany payables		2,285,191	2,176,908
Other obligations		87,930	121,497
Total non-current liabilities		3,290,963	3,102,188
Total Liabilities (1)		3,712,085	3,451,352
Common stock		0	0
Treasury stock		0	0
Additional paid-in-capital		8,307,898	8,307,898
Retained earnings (deficit)		1,962,172	1,868,740
Accumulated other comprehensive (loss) income		(1,245)	(1,230)
Total Tribune Media Company shareholders’ equity		10,268,825	10,175,408
Noncontrolling interests		0	0
Total shareholders’ equity		10,268,825	10,175,408
Total Liabilities and Shareholders’ Equity		13,980,910	13,626,760
Non-Guarantor Subsidiaries | Reportable Legal Entities
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents		3,125	3,176	2,701
Restricted cash and cash equivalents		0	0	$ 0
Accounts receivable, net		567	779
Broadcast rights		1,322	1,961
Income taxes receivable		0	0
Prepaid expenses		363	313
Other		526	3
Total current assets		5,903	6,232
Property, plant and equipment		29,494	29,411
Accumulated depreciation		(1,722)	(1,689)
Net properties		27,772	27,722
Investments in subsidiaries		0	0
Broadcast rights		349	394
Operating lease right-of-use assets		144
Goodwill		8,136	8,301
Other intangible assets, net		64,334	67,276
Assets held for sale		0
Investments		8,816	30,065
Intercompany receivables		1,474,573	1,447,586
Other		7,727	3,229
Total other assets		1,564,079	1,556,851
Total Assets (1)		1,597,754	1,590,805
Accounts payable		1,362	1,489
Income taxes payable		0	0
Contracts payable for broadcast rights		1,528	2,186
Deferred revenue		895	869
Interest payable		0	0
Operating lease liabilities		35
Other		879	246
Total current liabilities		4,699	4,790
Long-term debt		0	0
Deferred income taxes		0	64,201
Contracts payable for broadcast rights		382	425
Operating lease liabilities		109
Intercompany payables		716,011	708,250
Other obligations		23,948	24,163
Total non-current liabilities		740,450	797,039
Total Liabilities (1)		745,149	801,829
Common stock		0	0
Treasury stock		0	0
Additional paid-in-capital		913,902	913,902
Retained earnings (deficit)		(66,296)	(130,052)
Accumulated other comprehensive (loss) income		(376)	(63)
Total Tribune Media Company shareholders’ equity		847,230	783,787
Noncontrolling interests		5,375	5,189
Total shareholders’ equity		852,605	788,976
Total Liabilities and Shareholders’ Equity		$ 1,597,754	$ 1,590,805
[1]	(2)See Note 2 for information regarding assets held for sale.
[2]	(1) The Company’s consolidated total assets as of March 31, 2019 and December 31, 2018 include total assets of variable interest entities (“VIEs”) of $69 million and $73 million, respectively, which can only be used to settle the obligations of the VIEs. The Company’s consolidated total liabilities as of March 31, 2019 and December 31, 2018 include total liabilities of the VIEs of $27 million and $28 million, respectively, for which the creditors of the VIEs have no recourse to the Company (see Note 1).

Condensed Consolidating Finan_5

Condensed Consolidating Financial Information Statement of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	$ 157,511	$ 157,395
Capital expenditures	(13,378)	(13,673)
Spectrum repack reimbursements	3,673	0
Proceeds from the sales of investments	107,500	3,890
Other, net	(948)	16
Net cash provided by (used in) investing activities	96,847	(9,767)
Payments of dividends	(22,061)	(21,922)
Tax withholdings related to net share settlements of share-based awards	(8,288)	(5,493)
Proceeds from stock option exercises	7,009	581
Contribution from noncontrolling interest	190	0
Change in intercompany receivables and payables and intercompany contributions	0	0
Net cash used in financing activities	(23,150)	(26,834)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash	231,208	120,794
Cash, cash equivalents and restricted cash, beginning of period	1,079,648	691,251
Cash, cash equivalents and restricted cash, end of period	1,310,856	812,045
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations [Abstract]
Cash and cash equivalents	1,294,249	795,438	$ 1,063,041
Restricted cash and cash equivalents	16,607	16,607	16,607
Cash, cash equivalents and restricted cash, end of period	1,310,856	812,045
Eliminations
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	0	0
Capital expenditures	0	0
Spectrum repack reimbursements	0
Proceeds from the sales of investments	0	0
Other, net	0	0
Net cash provided by (used in) investing activities	0	0
Payments of dividends	0	0
Tax withholdings related to net share settlements of share-based awards	0	0
Proceeds from stock option exercises	0	0
Contribution from noncontrolling interest	0
Change in intercompany receivables and payables and intercompany contributions	0	0
Net cash used in financing activities	0	0
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash	0	0
Cash, cash equivalents and restricted cash, beginning of period	0	0
Cash, cash equivalents and restricted cash, end of period	0	0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations [Abstract]
Cash and cash equivalents	0	0	0
Restricted cash and cash equivalents	0	0	0
Cash, cash equivalents and restricted cash, 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	(53,456)	(43,982)
Capital expenditures	(919)	(2,813)
Spectrum repack reimbursements	0
Proceeds from the sales of investments	0	0
Other, net	0	0
Net cash provided by (used in) investing activities	(919)	(2,813)
Payments of dividends	(22,061)	(21,922)
Tax withholdings related to net share settlements of share-based awards	(8,288)	(5,493)
Proceeds from stock option exercises	7,009	581
Contribution from noncontrolling interest	0
Change in intercompany receivables and payables and intercompany contributions	308,282	193,972
Net cash used in financing activities	284,942	167,138
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash	230,567	120,343
Cash, cash equivalents and restricted cash, beginning of period	1,075,568	687,868
Cash, cash equivalents and restricted cash, end of period	1,306,135	808,211
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations [Abstract]
Cash and cash equivalents	1,289,528	791,604	1,058,961
Restricted cash and cash equivalents	16,607	16,607	16,607
Cash, cash equivalents and restricted cash, end of period	1,306,135	808,211
Guarantor Subsidiaries | Reportable Legal Entities
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	299,681	228,723
Capital expenditures	(12,658)	(10,836)
Spectrum repack reimbursements	3,673
Proceeds from the sales of investments	0	0
Other, net	(948)	16
Net cash provided by (used in) investing activities	(9,933)	(10,820)
Payments of dividends	0	0
Tax withholdings related to net share settlements of share-based awards	0	0
Proceeds from stock option exercises	0	0
Contribution from noncontrolling interest	0
Change in intercompany receivables and payables and intercompany contributions	(289,056)	(218,271)
Net cash used in financing activities	(289,056)	(218,271)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash	692	(368)
Cash, cash equivalents and restricted cash, beginning of period	904	1,501
Cash, cash equivalents and restricted cash, end of period	1,596	1,133
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations [Abstract]
Cash and cash equivalents	1,596	1,133	904
Restricted cash and cash equivalents	0	0	0
Cash, cash equivalents and restricted cash, end of period	1,596	1,133
Non-Guarantor Subsidiaries | Reportable Legal Entities
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	(88,714)	(27,346)
Capital expenditures	199	(24)
Spectrum repack reimbursements	0
Proceeds from the sales of investments	107,500	3,890
Other, net	0	0
Net cash provided by (used in) investing activities	107,699	3,866
Payments of dividends	0	0
Tax withholdings related to net share settlements of share-based awards	0	0
Proceeds from stock option exercises	0	0
Contribution from noncontrolling interest	190
Change in intercompany receivables and payables and intercompany contributions	(19,226)	24,299
Net cash used in financing activities	(19,036)	24,299
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash	(51)	819
Cash, cash equivalents and restricted cash, beginning of period	3,176	1,882
Cash, cash equivalents and restricted cash, end of period	3,125	2,701
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations [Abstract]
Cash and cash equivalents	3,125	2,701	3,176
Restricted cash and cash equivalents	0	0	$ 0
Cash, cash equivalents and restricted cash, end of period	$ 3,125	$ 2,701