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Related Party Transactions
12 Months Ended
Dec. 31, 2017
Related Party Transactions [Abstract]  
Related Party Transactions
NOTE 19: RELATED PARTY TRANSACTIONS
The Company’s company-sponsored pension plan assets included 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 as of December 31, 2016. As further described in Note 15, in 2017, Oaktree sold 7,000,000 shares of the Company’s Class A Common Stock, which resulted in Oaktree no longer qualifying as a principal shareholder of the Company as of December 31, 2017.
In April 2016, the Company requested a full withdrawal of its investment from the fund managed by Oaktree which had a fair value of $30 million at December 31, 2015. The withdrawal was completed and proceeds were received in June 2016.
The Secured Credit Facility syndicate of lenders includes funds affiliated with Oaktree. These funds held $28 million of the Company’s Term C Loans at December 31, 2017 and $31 million of the Company’s Former Term B Loans at December 31, 2016.