Tribune To Acquire Local TV, Creating Content and Distribution Powerhouse
Tribune To Acquire Local TV, Creating Content and Distribution Powerhouse Company Adds 19 Stations in 16 Markets, Making Tribune the #1 Local TV Affiliate Group in America PR Newswire CHICAGO and NEWPORT, Ky., July 1, 2013 CHICAGO and NEWPORT, Ky. , July 1, 2013 /PRNewswire/ — Tribune Company and Local TV Holdings, LLC, today jointly announced they have entered into a definitive agreement for Tribune to acquire all of Local TV’s 19 television stations in 16 key markets for $2.725 billion in cash. Coupled with Tribune’s current 23 television stations, superstation WGN America, Tribune Studios, Tribune Digital Ventures and its eight major market newspapers, the transaction makes Tribune a multi-platform content and distribution powerhouse. […]