Tribune Company’s $2.7 Billion Deal Includes KC, St. Louis Stations

Chicago's Tribune Tower serves as the headquarters of Tribune Co. | Photo courtesy of Creative Commons
Chicago's Tribune Tower serves as the headquarters of Tribune Co. | Photo courtesy of Creative Commons

Tribune Co. has announced a $2.73 billion deal to buy 19 television stations owned by Local TV Holdings, including Fox affiliates KTVI Channel 2 in St. Louis and WDAF Channel 4 in Kansas City.

The acquisition is the biggest U.S. broadcasting deal in six years and will make Tribune the country’s largest commercial TV station owner. The company said the expansion would enhance the distribution of its video and digital content, boost its advertising sales and eventually generate $100 million in annual savings.

Tribune said it received $4.1 billion from multiple financial corporations and would finance the deal through debt and cash.

Read more from Bloomberg, the St. Louis Post-Dispatch and the Kansas City Business Journal


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