Bloomberg News

Tribune Gets U.S. FCC Approval to Buy Local TV Holdings Stations

December 20, 2013

The Federal Communications Commission approved Tribune Co. (TRBAA:US)’s purchase of Local TV Holdings LLC’s 19 television stations.

The $2.73 billion acquisition would almost double the number of Tribune’s stations to 42, the companies said as they proposed the deal in July. Local TV is principally owned by Oak Hill Capital Partners.

Tribune, also owner of newspapers including the Los Angeles Times and Chicago Tribune, emerged from bankruptcy at the end of 2012. On July 10 the Chicago-based company said it intended to separate its publishing and broadcasting businesses.

To contact the reporter on this story: Todd Shields in Washington at tshields3@bloomberg.net

To contact the editor responsible for this story: Bernard Kohn at bkohn2@bloomberg.net


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