Tribune Closes $2.73B Local TV Purchase

Related: FCC Approves Gannett-Belo And Tribune-Local TV Mergers

CHICAGO, Dec. 27, 2013—Tribune Company announced today that it has completed the final steps necessary to close its acquisition of Local TV Holdings, LLC. The transaction creates the largest combined independent broadcast group and content creator in the country. As a result of this acquisition, Tribune now owns 39 television stations across the country. In addition, Tribune will provide certain services to support the operations of three former Local TV stations owned by Dreamcatcher Broadcasting LLC. The combined broadcast portfolios include 14 FOX affiliates, 14 CW affiliates, 5 CBS affiliates, 3 ABC affiliates and 2 NBC affiliates. Tribune owns 14 stations in top-20 markets and the company is now the #1 FOX affiliate group and the #1 CW affiliate group in the country. The transaction added market-leading stations in prime cities such as Denver, Cleveland, St. Louis, Kansas City, Salt Lake City and Milwaukee to the Tribune lineup. (more…)

This article was printed from https://deadline.com/2013/12/tribune-local-tv-acquisition-closes-656945/