Nov 16, 2016
CHICAGO, Nov. 16, 2016 /PRNewswire/ -- Tribune Media Company (NYSE: TRCO) and ATTN: today announced a strategic partnership that significantly expands Tribune's reach with audiences who rely primarily on content viewed on social and mobile platforms to stay informed. Tribune also announced an investment in ATTN:, the issue-driven media company reaching millions of people every day with original content specifically programmed for social platforms. Financial terms were not disclosed.
Under terms of the agreement, Tribune becomes ATTN:'s local media strategic partner, providing ATTN: access to its rich library of video assets for use in the development of original content. As part of the new relationship, Tribune will distribute and monetize ATTN: video content across its television and digital properties. In addition, both companies will develop and co-produce content to reach audiences across multiple platforms.
"We've found some kindred spirits in our new partners at ATTN:," said Josh Cogswell, Tribune Media's chief product oﬃcer. "The team has a unique ability to develop stories that resonate deeply with very discerning audiences—a quality that's also at the heart of our local stations and national digital brands."
Continuing its focus on developing native content reaching audiences across video and digital screens, Tribune's investment in ATTN: furthers its multi-platform strategy of targeting the rapidly growing number of consumers getting their news and entertainment primarily via social media platforms. The agreement also enables Tribune to continue diversifying its content mix for the 65 million monthly unique visitors visiting its websites and apps.
Content developed and produced by ATTN: receives more than 2 billion impressions, generates more than 400 million monthly video views and commands roughly three million average views per video in the first 30 days, the highest average in the media industry, according to Tubular Labs.
"Tribune and ATTN: are equally committed to delivering quality video content that informs the public," said Jarrett Moreno, ATTN:'s Co-Founder. "Now we are able to bring our individual expertise together and create a truly superior video experience for our joint audiences on any platform."
ATTN: is an issues-driven media company. Our mission is to deliver engaging content to a mobile-first audience. Every day we produce videos, articles and commentary telling stories worth your attention. For more information please visit www.attn.com.
Tribune Media Company (NYSE: TRCO) is home to a diverse portfolio of television and digital properties driven by quality news, entertainment and sports programming. Tribune Media is comprised of Tribune Broadcasting's 42 owned or operated local television stations reaching more than 50 million households, national entertainment network WGN America, whose reach is approaching 80 million households, Tribune Studios, and Gracenote, one of the world's leading sources of video, music and sports metadata, powering electronic program guides in televisions, automobiles and mobile devices. Tribune Media also includes Chicago's WGN-AM and the national multicast networks Antenna TV and THIS TV. Additionally, the Company owns and manages a significant number of real estate properties across the U.S. and holds other strategic investments in media. For more information please visit www.tribunemedia.com.
SOURCE Tribune Media Company
For further information: INVESTOR CONTACT: James Arestia, Director/Investor Relations, (646) 563-8296, firstname.lastname@example.org, or MEDIA CONTACT: Gary Weitman, SVP/Corporate Relations, (312) 222-3394, email@example.com, or ATTN CONTACT: Tatiana Winograd, Head of Communications (818) 645-0312, firstname.lastname@example.org