» 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 This material may not be published, broadcast, rewritten or redistributed.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 87 400 9,366
MORTGAGES 95 486 11,746
FORECLOSURE NOTICES 0 0 2,278
BUILDING PERMITS 128 873 20,678
BANKRUPTCIES 46 286 7,336
BUSINESS LICENSES 20 123 3,312
UTILITY CONNECTIONS 72 525 11,279
MARRIAGE LICENSES 18 112 2,603

Weekly Edition

Issues | About

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