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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 This material may not be published, broadcast, rewritten or redistributed.

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PROPERTY SALES 110 154 13,810
MORTGAGES 135 193 18,019
FORECLOSURE NOTICES 15 39 3,544
BUILDING PERMITS 430 430 32,733
BANKRUPTCIES 52 130 13,133
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