Tribune Co. Buys 19 Television Stations in $2.7-Billion Deal
Posted: 7/1/2013 | By: Meg James | Los Angeles Times
Tribune Co. has agreed to purchase 19 television stations owned by
Local TV Holdings in a $2.73-billion deal that is expected to make
Tribune the largest television station group in the country.
Tribune and Local TV Holdings said early Monday that they
had entered into a definitive agreement for Tribune to acquire all of
Local TV's television stations in a cash transaction. Local TV's
stations are located in 16 markets, including Denver, Salt Lake City,
Cleveland and Kansas City.