Tribune Company Closes $2.73 Billion Acquisition of Local TV

The Tribune Company said that it has completed its $2.73 billion acquisition of Local TV Holdings.

As a result of the transaction, Tribune now owns 39 television stations across the country. In addition, Tribune will provide certain services to support the operations of three former Local TV stations owned by Dreamcatcher Broadcasting LLC. The combined broadcast portfolios include 14 Fox affiliates, 14 CW affiliates, 5 CBS affiliates, 3 ABC affiliates and 2 NBC affiliates. Tribune owns 14 stations in top-20 markets and the company is now the No. 1 Fox affiliate group and the No. 1 CW affiliate group in the country. The transaction added market-leading stations in prime cities such as Denver, Cleveland, St. Louis, Kansas City, Salt Lake City and Milwaukee to the Tribune line-up

[Dec 27]