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Related Party Transactions
3 Months Ended
Mar. 31, 2016
Related Party Transactions [Abstract]  
Related Party Transactions
NOTE 15: RELATED PARTY TRANSACTIONS
The Company’s company-sponsored pension plan assets include an investment in a loan fund limited partnership managed by Oaktree Capital Management, L.P. (“Oaktree”), which is affiliated with Oaktree Tribune, L.P., a principal shareholder of Tribune Media Company. The fair value of this investment was $29 million at March 31, 2016 and $30 million and December 31, 2015. The pension plan assets have included an investment in this fund since 2008.
The Secured Credit Facility syndicate of lenders includes funds affiliated with Oaktree. These funds held $37 million and $38 million of the Company’s Term B Loans and Former Term Loans at March 31, 2016 and December 31, 2015, respectively.