Wednesday, September 4, 2013
Tribune TV sees revenue decline despite adding stations
In the meantime, Tribune has indicated plans to spin off the publishing division (and selling off the loss-leading big dailies like the Chicago Tribune and Los Angeles Times) and building up its broadcasting division. In July, they announced the planned acquisition of Local TV LLC and its 19 stations. The deal would make Tribune the country's biggest commercial TV station owner (at least along one metric). As with many such big deals, there is some overlap of stations and markets, and Tribune proposed selling 2-3 stations in order to come into compliance with FCC duopoly rules.
Source - Tribune TV Revs Sink 20%, Ad Revs Down 7%, MediaDailyNews
Tribune looks to sell TV stations in Pennsylvania, Virginia, Crain's Chicago Business