» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 128 | NO. 252 | Monday, December 30, 2013

Tribune Co. Closes on Local TV Deal

AP

Print | Front Page | Email this story | Comments ()

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 This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 85 296 9,112
MORTGAGES 100 394 12,246
FORECLOSURE NOTICES 21 98 2,526
BUILDING PERMITS 423 960 20,801
BANKRUPTCIES 66 261 7,887
BUSINESS LICENSES 19 77 3,301
UTILITY CONNECTIONS 164 515 11,538
MARRIAGE LICENSES 21 114 2,782

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.