New York, March 01, 2016 -- Moody's Investors Service said that Tribune Media announced during its FY2015 earnings call earlier this week that it retained advisors to explore strategic and financial alternatives to enhance shareholder value. Alternatives may include the sale or separation of select lines of businesses or assets, strategic partnerships, programming alliances, or capital return initiatives. There is no timetable for completion of its review of alternatives, and the company continues to work on monetizing its real estate portfolio, including the Tribune Tower in Chicago and its Los Angeles Times Square property. In addition, the company announced its Board approved a new $400 million stock repurchase program.

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