 | |
| Company type | Private |
|---|---|
| Industry | Broadcast television |
| Predecessor |
|
| Founded | December 2006 |
| Defunct | December 27, 2013 |
| Fate | Acquired by Tribune |
| Successor | |
| Headquarters | , |
Key people | Bobby Lawrence, CEO |
| Owner | Oak Hill Capital Partners |
Local TV LLC was a television broadcasting company owned by Oak Hill Capital Partners which operated 20 television stations in the United States.[1][2] The group was formed in 2006 by the acquisition of nine television stations owned by The New York Times Company, and grew further with the acquisition of eight former Fox owned-and-operated stations from Fox Television Stations, and a wide partnership with Tribune Broadcasting to provide management services for the stations (in turn, Local TV also operated several Tribune stations as well).
On July 1, 2013, Tribune announced that it would acquire Local TV LLC for $2.7 billion, a deal which was approved by the FCC on December 20, and was completed on December 27.[3]
- ^ "About Us". localtvllc.com. Local TV LLC. August 2008. Archived from the original (Web) on June 25, 2008. Retrieved August 24, 2008.
We are currently in the process of acquiring a portfolio of 9 television stations. We intend to expand our media footprint, and are pleased to have the NYT stations as a foundation.
- ^ "Press Room" (Press release). Local TV. August 22, 2008. Archived from the original on July 12, 2007. Retrieved August 24, 2008.
Local TV LLC is a broadcast holding company created in 2007 to acquire nine heritage television stations in eight midsized markets. In 2008, the company acquired eight Fox affiliates previously owned by News Corporation. Local TV is owned by Oak Hill Capital Partners, management and a consortium of bankers and high yield lenders....
- ^ "Tribune Closes Acquisition of Local TV Holdings" (Press release). Tribune Company. December 27, 2013. Archived from the original on December 28, 2013. Retrieved December 28, 2013.