A PYMNTS Company

US: $2.73B deal makes once-bankrupt Tribune largest TV station owner

By  |  July 1, 2013

Tribune Co. announced a $2.73 billion deal that makes the company, once stuck in bankruptcy, now the nation’s largest commercial television station owner. After climbing out of bankruptcy in 2012, Tribune announced a buyout of 19 stations in 16 markets, previously owned by Local TV Holdings. Tribune now controls 42 stations. IN a statement, Tribune CEO Peter Liguori called the deal “transformational” for the company, not only placing the company higher in the market ranks but also expanding the company’s market of digital content. Reports say the Tribune bought out rivals Sinclair Broadcast Group and Meredith in the bidding process for the stations.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Fox Business

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.