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| Type | Private |
|---|---|
| Founded | 2007 |
| Headquarters | Fort Wright, Kentucky, United States |
| Key people | Bobby Lawrence, CEO |
| Industry | Broadcast television |
| Products | Television stations |
| Parent | Oak Hill Capital Partners |
| Website | http://www.localtvllc.com/ |
Local TV LLC is a limited liability corporation, owned by Oak Hill Capital Partners, which operates 18 local network-affiliated television stations in the United States.[1][2]
Contents |
History
Local TV was created in December 2006, after Oak Hill Capital entered into an agreement with The New York Times Company to purchase nine local network-affiliated television stations; on May 7, 2007, the sale was completed as one part of a larger sale of the New York Times Company's Broadcast Media Group "for approximately $575 million."[3] At 12:01 a.m., Local TV assumed ownership of the nine television stations, located in "eight mid-sized markets."[2]
On December 21, 2007, Tribune Company and Local TV agreed to form a "broadcast management company" to provide management services to both Tribune Company's and Local TV's stations.[4] The next day, December 22, 2007, Local TV announced plans to acquire eight Fox owned-and-operated stations from Rupert Murdoch's News Corporation, completing that sale on July 14, 2008.[5] The Tribune Company operates 23 television stations.[6]
In addition to the management agreement, Tribune Interactive provides the platform for the websites of all the LocalTV stations and transitioned them from other website hosts such as Fox Interactive and World Now (in the case of the latter company, it continues to provide streaming video technology to Tribune Interactive).
Officers
President and chief executive officer (CEO) is Robert (Bobby) Lawrence, who, Local TV announced on December 20, 2007, would succeed Randy Michaels (aka Benjamin Homel), former CEO of Clear Channel Communications and Local TV's first CEO, who became Chief Operating Officer (COO) of the Tribune Company, on May 7, 2008.[1][7][8]
Chief financial officer (CFO) of Local TV is Pam Taylor.[1]
Stations
| DMA# | City of license/Market | Station | Channel DT / Virtual |
Owned Since | Affiliation |
|---|---|---|---|---|---|
| 16. | Denver | KDVR | 32 / 31 | 2008 | Fox |
| Fort Collins, Colorado | KFCT (satellite of KDVR) |
21 / 22 | 2008 | Fox | |
| 18. | Cleveland - Akron | WJW-TV | 8 / 8 | 2008 | Fox |
| 21. | St. Louis | KTVI | 43 / 2 | 2008 | Fox |
| 31. | Salt Lake City | KSTU | 28 / 13 | 2008 | Fox |
| 32. | Kansas City, Missouri | WDAF-TV | 34 / 4 | 2008 | Fox |
| 35. | Milwaukee | WITI-TV | 33 / 6 | 2008 | Fox |
| 43. | Norfolk - Portsmouth - Newport News | WTKR | 40 / 3 | 2007 | CBS |
| 45. | Oklahoma City | KFOR-TV | 27 / 4 | 2007 | NBC |
| KAUT-TV | 40 / 43 | 2007 | MyNetworkTV | ||
| 46. | High Point - Greensboro - Winston-Salem, N.C. |
WGHP | 8/35 / 8 | 2008 | Fox |
| 50. | Memphis | WREG-TV | 28 / 3 | 2007 | CBS |
| 54. | Scranton - Wilkes Barre, PA | WNEP-TV | 49 / 16 | 2007 | ABC |
| 58. | Richmond, Virginia | WTVR-TV | 25 / 6 | 2009 | CBS |
| 72. | Des Moines | WHO-DT | 13 / 13 | 2007 | NBC |
| 81. | Huntsville, Alabama | WHNT-TV | 59 / 19 | 2007 | CBS |
| 99. | Moline, Illinois (Quad Cities) | WQAD-TV | 38 / 8 | 2007 | ABC |
| 100. | Fort Smith - Fayetteville, AR | KFSM-TV | 18 / 5 | 2007 | CBS |
Former Local TV Stations
| DMA# | Market | Station, Channel Number | Years Owned | Currently | Notes |
| 40. | Birmingham, Alabama | WBRC 6 | 2008-2009 | Fox network affiliate owned by Raycom Media | Swapped with WTVR-TV. |
References
- ^ a b c "About Us" (Web). localtvllc.com. Local TV LLC. August 2008. http://www.localtvllc.com/aboutus/. Retrieved 2008-08-24. "We are currently in the process of acquiring a portfolio of 9 television stations. We intend to expand our media footprint, and are pleased to have the NYT stations as a foundation."
- ^ a b Local TV (2008-08-22). "Press Room". Press release. http://www.localtvllc.com/pressroom/. Retrieved 2008-08-24. "Local TV LLC is a broadcast holding company created in 2007 to acquire nine heritage television stations in eight midsized markets. In 2008, the company acquired eight Fox Affiliates previously owned by News Corporation. Local TV is owned by Oak Hill Capital Partners, management and a consortium of bankers and high yield lenders...."
- ^ Business Wire (2007-05-07). "The New York Times Company Reports April Revenues" (The New York Times Company Financial Report). Press release. http://phx.corporate-ir.net/phoenix.zhtml?c=105317&p=irol-pressArticle&ID=1003528&highlight=. Retrieved 2008-08-23. "On May 7, 2007, the Company sold the Broadcast Media Group, consisting of nine network-affiliated television stations, their related Web sites and the digital operating center, for approximately $575 million."
- ^ Tribune Company (2007-12-20). "Tribune and Local TV to Form Broadcast Management Company". Press release. http://www.tribune.com/pressroom/releases/2007/12212007.html. Retrieved 2008-08-24. "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."
- ^ "Sale of Channel 6, Seven Other TV Stations Closes". The Business Journal of Milwaukee (bizjournals.com (American City Business Journals, Inc)). 2008-07-14. http://www.bizjournals.com/milwaukee/stories/2008/07/14/daily11.html?ana=from_rss. Retrieved 2008-08-24.
- ^ "About the Tribune Company" (Web). Tribune Company. http://www.tribune.com/about/index.html. Retrieved 2008-08-24.
- ^ Local TV LLC (2007-12-20). "Local TV Announces Bobby Lawrence as CEO". Press release. http://www.localtvllc.com/pressroom/2007/12/20/local-tv-announces-bobby-lawrence-as-ceo/. Retrieved 2008-08-24.
- ^ "Ownership Report for Commercial Broadcast Stations". FCC. http://fjallfoss.fcc.gov/prod/cdbs/forms/prod/getattachment_exh.cgi?exhibit_id=534573. Retrieved 2008-08-24.
Related audiovisual resources
- "Local TV & Local Responsibility Part One: Stop Big Media". The National Conference for Media Reform. The Oklahoma History Center, Oklahoma City, Oklahoma. May 19, 2007. 25 mins. Video clip. video.google.com (Google). (Part 1 of 3-part videotaped "Panel Discussion on the takeover of New York Times Corporation[']s news stations by Oak Hill Capital Partners and its holding company.")
External links
- Local TV LLC – Official Website
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