Steve Mosko, newly “liberated” from his position running Sony Television, has his eye on an acquisition and troubled Tribune Media is his top target, according to an individual with knowledge of his conversations with bankers.
Tribune Media has been up for sale since February, when the media company hired bankers Moelis & Co. and Guggenheim Partners to explore a sale in the wake of a crushing $385 million loss in the fourth quarter of 2015.
Mosko met with Moelis in recent days to discuss the possibility, according to an individual with knowledge of the meeting.
Mosko is known to believe that Tribune — which has 42 local television stations, the WGN cable channel and a bunch of media-related real estate holdings — to be a company that is a strong fit with his experience running local television stations as well as reviving a major media asset, Sony Television.