Tribune Company is one of the largest media companies. They own WGN America, Los Angeles Times, Chicago Tribune, and The Baltimore Sun to name a few businesses. Now Tribune has expanded into streaming music services and mobile devices through a $170M acquisition of Gracenote from Sony.
According to the press release, Tribune will now be incorporating Gracenote’s “smart-TV, music and advertising innovations” into their television networks and stations.
Gracenote’s President Stephen White says:
“The acquisition by Tribune just makes sense. We see great opportunities to leverage Gracenote’s technologies, data and expertise with Tribune’s core media business to create more dynamic entertainment experiences.”