LOS ANGELES--(BUSINESS WIRE)--National Shareholder Rights Law Firm Glancy Prongay & Murray LLP (“GPM”) announces that it has commenced an investigation on behalf of Tribune Media Company (“Tribune” or “the Company”) (NYSE: TRCO) investors concerning the Company and its officers’ possible violations of federal securities laws.
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On July 26, 2018, after the market closed, the Wall Street Journal reported that the U.S. Department of Justice is investigating whether Tribune, Sinclair Broadcast Group, Inc., and other independent television station owners had violated antitrust law by “coordinat[ing] efforts when their ad sales teams communicated with each other about their performance, potentially leading to higher rates for TV commercials[.]” On this news, Tribune’s stock price fell over 1.65% to close at $33.07 per share on July 27, 2018.
If you purchased Tribune securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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