New Credit Facility For Tribune, To Help Pay For Local TV Purchase

New Credit

TRIBUNE CO. is entering a new $4.1 billion credit facility, including a $3.8 billion Term Loan Facility and $300 million Revolving Credit Facility, in part to pay for its acquisition of the LOCAL TV HOLDINGS, LLC TV stations.

In the documentation to investors, the company notes that its sole radio property, Talk WGN-A/CHICAGO, contributed about 3% to the company's Broadcasting segment operating revenues for the 12 months ended in JUNE 2013, or about $32 million.

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