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VOL. 128 | NO. 252 | Monday, December 30, 2013

Tribune Co. Closes on Local TV Deal

AP

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CHICAGO (AP)The Tribune Co. said Friday that it has completed its $2.73 billion acquisition of Local TV Holdings LLC.

The company says the deal creates the largest combined independent broadcast group and content creator in the country. The transaction includes the purchase of 16 television stations and an agreement to support three former Local TV stations owned by Dreamcatcher Broadcasting LLC.

Tribune, based in Chicago, now owns or operates 42 television stations as well as newspapers such as the Los Angeles Times and Chicago Tribune.

The company plans to spin off its publishing business in 2014 to focus on its broadcast business.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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