An investigation on behalf of investors of Tribune Media Company (NYSE: TRCO) shares over potential securities laws violations by Tribune Media Company and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Tribune Media Company (NYSE: TRCO) concerning whether a series of statements by Tribune Media Company regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Chicago, IL based Tribune Media Company, through its subsidiaries, operates as a media and entertainment company in the United States. On July 26, 2018, post-market, it was reported that the U.S. Department of Justice (DOJ) is investigating whether Tribune Media Company, Sinclair Broadcast Group, Inc., and other independent television station owners had violated antitrust law by 'coordinat[ing] efforts when their ad sales teams communicated with each other about their performance, potentially leading to higher rates for TV commercials'.

Shares of Tribune Media Company (NYSE: TRCO) declined on July 27, 2018 to $32.68 per share.