The Ricketts family acquired the remaining 5% stake of Chicago Cubsa from Tribune Media Company.

Tribune Media Company is a diversified media and entertainment business. As of December 31, 2016, the Company consisted of 42 local television stations that were either owned by the Company or owned by others but to which it provides certain services, along with a national general entertainment cable network, a radio station, a production studio, a portfolio of real estate assets and investments in a range of media, Websites and other related assets. Its business consists of its Television and Entertainment operations and the management of certain of its real estate assets. The Television and Entertainment segment provides audiences across the country with news, entertainment and sports programming on Tribune Broadcasting local television stations and television series and movies on WGN America, including through content produced by Tribune Studios and its production partners, as well as news, entertainment and sports information via its Websites and other digital assets.