Tribune to Buy 19 TV Stations for $2.73 Billion

Chicago Tribune
Scott Olson | Getty Images
Chicago Tribune

Tribune said it would acquire Local TV Holdings, which owns 19 television stations, for $2.73 billion in cash.

Tribune, owner of the Los Angeles Times and the Chicago Tribune, currently has 23 television stations and eight newspapers, and emerged from bankruptcy protection in December.

Local TV is principally owned by Oak Hill Capital Partners.