Local TV

From Wikipedia, the free encyclopedia

Local TV LLC
Type Private
Founded 2007
Headquarters Fort Wright, Kentucky, USA
Key people Bobby Lawrence, CEO
Industry Broadcast television
Parent Oak Hill Capital Partners
Website www.localtvllc.com

Local TV LLC is a limited liability corporation owned by Oak Hill Capital. The company was created in 2007, after Oak Hill entered into an agreement to purchase the nine television stations owned by the New York Times Company.

Local TV LLC took ownership of the stations, all located in medium- to small-sized markets, at 12:01 a.m. on Monday, May 7, 2007. Randy Michaels, the former chief executive officer of Clear Channel Communications, was originally CEO. Robert Lawrence is President and chief operating officer. On December 20, 2007, Local TV announced that Bobby Lawrence would be CEO.[1]

On December 21, 2007, Tribune Company and Local TV agreed to form an as-yet-unnamed "broadcast management company" to provide management services to both Tribune's and Local TV's stations.[2] Local TV announced plans to formally acquire eight Fox owned-and-operated stations one day later, on December 22, 2007.[3][4]

Contents

[edit] Stations

These stations were purchased by Local TV from the New York Times Company on May 7, 2007:

DMA# City of license/Market Station Channel
TV / DT		 Owned Since Affiliation
42. Norfolk - Portsmouth - Newport News WTKR 3 / 40 2007 CBS
45. Oklahoma City KFOR-TV 4 / 27 2007 NBC
KAUT-TV 43 / 40 2007 MyNetworkTV
47. Memphis WREG-TV 3 / 28 2007 CBS
53. Scranton - Wilkes Barre, PA WNEP-TV 16 / 49 2007 ABC
71. Des Moines WHO-TV 13 / 19 2007 NBC
84. Huntsville, Alabama WHNT-TV 19 / 59 2007 CBS
96. Moline, Illinois (Quad Cities) WQAD-TV 8 / 38 2007 ABC
105. Fort Smith - Fayetteville, AR KFSM-TV 5 / 18 2007 CBS

[edit] Impending Fox purchase

These eight stations are being purchased from News Corporation subsidiary Fox Television Stations. The transaction received approval from the Federal Communications Commission on June 9, 2008, and will close during the third quarter of 2008. [5]

DMA# City of license/Market Station Channel
TV / DT		 Affiliation
17. Cleveland - Akron WJW-TV 8 / 31 Fox
18. Denver KDVR 31 / 32 Fox
Fort Collins, Colorado KFCT
(satellite of KDVR)		 22 / 21 Fox
21. St. Louis KTVI 2 / 43 Fox
31. Kansas City, Missouri WDAF-TV 4 / 34 Fox
34. Milwaukee WITI-TV 6 / 33 Fox
35. Salt Lake City KSTU 13 / 28 Fox
40. Birmingham - Tuscaloosa, AL WBRC-TV 6 / 50 Fox
46. High Point - Greensboro -
Winston-Salem, N.C.		 WGHP 8 / 35 Fox

[edit] References

  1. ^ Local TV LLC
  2. ^ Tribune Company (2007-12-20). "Tribune and Local TV to Form Broadcast Management Company". Press release. Retrieved on 2007-12-21. “Tribune Company and Local TV have entered into a letter of intent to create a third-party broadcast management company which will provide shared services to all of the stations Local TV and Tribune Company own, respectively.”
  3. ^ News Corporation (2007-12-21). "News Corporation Announces Sale of Eight Television Stations to Oak Hill Capital Partners". Press release. Retrieved on 2007-12-22. “News Corporation announced today that it will sell eight of its owned-and-operated Fox network affiliated television stations to Oak Hill Capital Partners for approximately $1.1 billion in cash. The stations include:
    • WJW in Cleveland, OH
    • KDVR in Denver, CO
    • KTVI in St. Louis, MO
    • WDAF in Kansas City, MO
    • WITI in Milwaukee, WI
    • KSTU in Salt Lake City, UT
    • WBRC in Birmingham, AL
    • WGHP in Greensboro, NC
    The sale is subject to regulatory and other customary conditions and is expected to close in the third calendar quarter of 2008.”
  4. ^ Local TV (2007-12-21). "Oak Hill Capital Partners to Purchase Eight Television Stations From News Corporation". Press release. Retrieved on 2007-12-22. “We are very pleased to add this outstanding portfolio of Fox affiliated television stations to the Oak Hill portfolio. These stations, like our existing Local TV television stations, have a strong commitment to providing quality news and serving the local community.”
  5. ^ http://www.broadcastingcable.com/article/CA6568525.html

[edit] External links

v • d • e
Local TV LLC

Corporate officers: Bobby Lawrence (Chairman and CEO) · Robert Lawrence

ABC: WNEP • WQAD | CBS: KFSM • WHNT • WREG • WTKR | Fox: KDVR1 • KSTU1 • KTVI1 • WBRC1 • WDAF1 • WGHP1• WITI1• WJW1 | NBC: KFOR • WHO | MyNetworkTV: KAUT | Local Weather Channel: WQAD WX Channel
1Acquisition of these stations from Fox Television Stations is awaiting FCC approval.