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Media Giant Tribune to Buy 19 Local TV Stations

HeadlineJul 02, 2013

The newspaper company Tribune will pay nearly $3 billion 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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