Tribune Media’s Big Shareholders Cash Out $550 Million

Crain’s Chicago Business: Tribune Media’s biggest investors plan to take another approximately $550 million chunk of their investment off the table. The broadcast company has filed with the Securities and Exchange Commission for a secondary stock offering, allowing private-equity firm Oaktree Capital Management, hedge fund Angelo Gordon and JPMorgan Chase to sell 9.24 million shares of the Chicago-based company, or about a quarter of their ownership.