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BRIEF-Tribune Media enters settlement agreement with U.S. internal revenue service

Sept 15 Tribune Media Co :

* On Sept 14, 2016, Tribune Media entered into a settlement agreement with commissioner of U.S. internal revenue service

* Company expects to make payments to federal and state tax authorities during Q4 of 2016

* Agreement with commissioner of U.S. internal revenue service to resolve income tax dispute regarding 2008 formation of Newsday partnership

* Did not report taxable gain on deal because transaction was structured to comply with partnership provisions of internal revenue code

* Total cash tax impact resulting from agreement is expected to be substantially consistent with company's previous expectations Source text - (bit.ly/2cQoHKM) Further company coverage:

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