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This is the most startling deal yet in the recent consolidation wave among TV station owners. With Local TV’s 19 stations in 16 markets, Tribune will have 42 stations, up from 23. It will have outlets in 14 of the top 20 markets including New York, Los Angeles, Miami, Seattle, Denver, Cleveland, St. Louis, Kansas City, Salt Lake City and Milwaukee. It will become the largest owner of Fox affiliates, with 14. The deal also will boost Tribune’s status as the CW network’s top distributor, with 14 stations. In addition, Tribune says that it will have five CBS stations, three for ABC, two for NBC, and four independents. “This is a transformational acquisition for Tribune—it makes us the #1 local TV affiliate group in America, expands the distribution platform for our high-quality video content, and extends the reach of our digital products to new audiences across the country,” Tribune CEO Peter Liguori says. The companies »
- DAVID LIEBERMAN, Executive Editor
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