Tribune adds stations from Cleveland, Milwaukee, and Memphis to its stable About a year or so ago, there was speculation on whether or not Tribune Broadcasting, planning to exit Chapter 11, would stay in the broadcast business. Consider this a definite answer. Chicago-based Tribune announced Monday it was acquiring Newport, Ky.-based Local TV LLC for $2.7 billion. The […]
News Corp. had made good on its promise to sell eight of its Fox TV stations, and it did to the newly-formed Local TV group headed by private equity firm Oak Hill Partners for $1.1 billion. The proceeds from the sale gives News Corp. the cash it needs to purchase the Wall Street Journal. In a separate development, Tribune and […]
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