Tribune has a long history of strategic investments and working with innovators in the media business. Our investments provide a vehicle for product or market innovation and a window into a segment of the media business that competes with or enhances our newspaper and television businesses. A complete list of our strategic investment may be found: here.

Tribune invests with the objective to strengthen our existing businesses of newspaper publishing, television broadcasting or syndicated and online media. We seek to build shareholder value by working with and investing in outside companies that are developing complementary or new segments which we aren't pursuing directly. Our criteria for investing include:

• Access to technologies, content, markets or capabilities that enhance our core media businesses

• Entry point into a new or related market

• Financial return, both through our ownership stake and through enhancement of our business

• Opportunity for Tribune to contribute to a company's success factors or reduce their risk factor

• A clear path to learning, and an identifiable process to communicate that learning within Tribune

• Provides a placeholder in segments of the media business which are in a developmental stage and for which the timing is not appropriate for Tribune to pursue it directly

Identifying investment opportunities

Investment opportunities arise from many different sources, often emerging through relationships and contacts that develop in the operation of our businesses. We encourage references from our employees, customers, vendors and partners. Unsolicited proposals will be perused, but will be held to the same high standard of alignment with our businesses that we apply to opportunities that are generated within the company or from our existing investment network.