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July 2, 2013

Media Giant Tribune to Buy 19 Local TV Stations 
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The newspaper company Tribune will pay nearly three billion dollars to
purchase 19 local television stations, giving it one of the largest
holdings of local TV affiliates in the country. Tribune, which owns the
Los Angeles Times and Chicago Tribune, has been seeking to sell off its
newspapers since emerging from bankruptcy in recent months. The deal
comes just weeks after USA Today publisher Gannett nearly doubled its
local TV holdings by purchasing 20 stations.

 

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