Harwood Feffer LLP Announces Investigation of Tribune Media Company

NEW YORK, May 8, 2017 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Tribune Media Company ("Tribune" or the "Company") (NYSE: TRCO) concerning the proposed acquisition of the Company by Sinclair Broadcast Group, Inc. ("Sinclair").

Under the terms of the offer, Sinclair would acquire Tribune for approximately $3.9 billion.  Pursuant to the terms of the transaction, common shareholders of Tribune would receive $35.00 in cash and 0.23 shares of Sinclair Class A common stock for each share of Tribune common stock owned.  At least one Wall Street analyst has set a target price for Tribune stock of $48 per share.

Our investigation concerns whether the Tribune board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders. 

If you own Tribune shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212) 935-7400
Email:  bsachsmichaels@hfesq.com
Website:   http://www.hfesq.com 
Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm. 

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SOURCE Harwood Feffer LLP