/// Tribune Buys Local TV Holdings to Become Nation’s Largest Station Operator

July 1, 2013  |  Media Week

Tribune Company is buying Cincinnati-based Local TV Holdings —and its 19 television stations in key markets—for $2.725 billion in cash , the companies said in a statement this morning. Coupled with Tribune’s 42 stations across the country, the transaction makes Tribune the largest U.S. commercial TV station operator. Tribune’s acquisition of Local TV is a key strategic step, the companies said, providing Tribune with significant scale “to maximize national and local advertising opportunities and take advantage of a larger footprint, across which it will distribute its video and digital content, especially that created by the recently launched Tribune Studios and Tribune Digital Ventures , as well as its best-in-class journalism.”

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