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TEGNA Inc. stock price
TEGNA Inc. latest news:
Tribune Media sells majority ownership stake in CareerBuilder
Tribune Media Company said late Monday it has sold the majority of its ownership stake in the CareerBuilder website, as other owner Tegna Inc. completed the site's sale to a group led by investment funds managed by affiliates of Apollo Global Management and the Ontario Teachers' Pension Plan Board. Tribune Media will receive about $158 million in cash as a participant in the sale and will retain an approximate 7% ownership stake in CareerBuilder. Shares of Tribune Media were flat in late trading and ended the regular session down 0.2%. In a separate statement Monday, Tegna announced the sale had been completed. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.