Sony America closed on its $170 million Gracenote...

Sony America closed on its $170 million Gracenote sale to Tribune Co., Sony and Tribune said Monday in separate statements. Sony has said it will report the sale as a $60 million operating income gain for the fiscal year ending March 31. Tribune said the acquisition “brings together Gracenote with Tribune Media Services, forming one of the largest sources of entertainment metadata in the world.” Adding Gracenote “also expands Tribune’s reach into new growth areas, including streaming music services, mobile devices and automotive infotainment, where Gracenote has a powerful presence,” it said.