Tegna, Tribune Complete CareerBuilder Sale
Tegna completed its sale of CareerBuilder to investment funds managed by affiliates of Apollo Global Management and the Ontario Teachers’ Pension Plan Board (see 1706190068), Tegna said in a release Monday. Tegna’s proceeds from the sale were about $250 million,…
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it said. Tegna said it will remain a partner in CareerBuilder with 12 percent ownership and two seats on CareerBuilder’s board. Tribune Media also sold most of its stake in CareerBuilder in connection with the deal, that broadcaster said. Tribune gets about $158 million in cash and retains 7 percent ownership, that release said.