Local TV, LLC Closes On Purchase Of 8 Fox TV Stations
July 14, 2008 at 3:48 PM (PT)
LOCAL TV, LLC, the company founded by RANDY MICHAELS with OAK HILL CAPITAL PARTNERS, and now headed by CEO BOBBY LAWRENCE and COO PAM TAYLOR, to buy TV stations across the country, has closed on the purchase of eight stations from FOX for $1.1 billion. The stations, all FOX affiliates, include KDVR-TV (FOX 31)/DENVER; KSTU-TV (FOX 13)/SALT LAKE CITY; KTVI (TV) (FOX 2)/ST. LOUIS; WBRC-TV (FOX 6)/BIRMINGHAM; WDAF-TV (FOX 4)/KANSAS CITY; WGHP-TV (FOX 8)/GREENSBORO-WINSTON SALEM-HIGH POINT; WITI-TV (FOX 6)/MILWAUKEE; and WJW-TV (FOX 8)/CLEVELAND.
The new acquisitions join nine stations previously acquired from the NEW YORK TIMES CO. in 2007 under the LOCAL TV banner.