Local TV LLC is a limited liability company, owned by Oak Hill Capital Partners (and formerly by the New York Times Company), which operates 20 local network-affiliated television stations in the United States.
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." At 12:01 a.m., Local TV assumed ownership of the nine television stations, located in "eight mid-sized markets."
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. 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. The Tribune Company operates 23 television stations.
In addition to the management agreement, Tribune Interactive provided the platform for the websites of all the LocalTV stations and transitioned them from other website hosts such as Fox Interactive and World Now. Additionally, Tribune has also made those stations charter affiliates of their Antenna TV digital subchannel network, which launched in January 2011 (though stations within the Local TV group only signed-on the network gradually, with the last ones beginning to broadcast the network in late April 2011). However, in early 2012, the websites of the Local TV stations transitioned away from Tribune Digital (the renamed Tribune Interactive) to new platforms hosted by WordPress.com.
Although it is headquartered near Cincinnati, it currently does not own a TV station in its home market.
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.
Chief financial officer (CFO) of Local TV is Pam Taylor.
- All of Local TV's Fox affiliates and one CBS affiliate (WTVR-TV) are technically owned by a subsidiary company, FoxCo Acquisition Sub, LLC, and managed by Local TV.
1 WBQD-LP is owned by Four Seasons Broadcasting, an affiliate of the Venture Technologies Group, and operated by WQAD-TV through a local marketing agreement. It still broadcasts in analog on channel 26.
Former Local TV stations
Related audiovisual resources