Top level management was questionable. The company was split off from Tribune Corporation. Tribune Publishing was saddled with almost all the most burdensome costs, including all Publishing assets. Tribune Media retained television stations, movie studios, production assets, and all real estate. Substantial real estate holdings were all sold off - and company still managed to lose money to the point where the only way to keep it alive was to sell it off. First attempt was to Sinclair Media, which they somehow managed to botch - eventual sale was to Nexstar.