Sinclair to buy Tribune Media for $4 billion 

Mega deal is the biggest in television history: 42 station-group sold to Maryland-based broadcaster Ends local ownership of WGN-TV and WGN Radio after more than 60 years Sinclair’s purchase of Tribune Media will change the landscape of local television as we know it. For one, Tribune – with roots in television going back to 1948 as the WGN Continental Broadcasting […]

“Goldbergs “sold to WGN-TV, Tribune for 2017

Off-network deals include WGN-TV, WQAD In good news for off-network sitcom-starved stations, Sony Pictures Television announced it has sold ABC Wednesday night sitcom The Goldbergs in syndication starting in the fall of 2017, starting with eighteen Tribune markets. Cash-plus-barter deals include WGN-TV in Chicago and ABC affiliate WQAD-TV in the Quad Cities area, consisting of Davenport, Ia., Rock Island, and Moline, […]

Tribune buys Local TV LLC for $2.7 billion

    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 […]

Fox sells eight TV stations to Oak Hill

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 […]