Tribune Media is moving forward each and every day with its now-aborted merger with Sinclair Broadcast Group squarely in its rear-view mirror.
On Wednesday, this was further emphasized with the announcement that it has reached comprehensive agreements on retransmission and carriage consent with three different entities.
The agreements are with regional MVPD Atlantic Broadband, with Verizon Fios TV, and with Google Fiber. They cover Tribune local TV stations providing service to more than 3.6 million subscribers, primarily in the Northeast and Southeast regions of the country. The agreements also provide for carriage of Tribune’s cable entertainment network WGN America.
Specific terms of the agreements were not disclosed.
Since diving to $32.12 on July 16, when Tribune was in a much different place, TRCO has risen to its levels seen in mid-June. As of 3:38pm Eastern Wednesday, Tribune stock was $38.11, up 17 cents from Tuesday’s close.