Local TV LLC

Local TVLocal TV, LLC
Local TV LLC was a television broadcasting company owned by Oak Hill Capital Partners which operated 20 television stations in the United States.wikipedia
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Fox Television Stations

FoxFox Television Stations GroupFox-owned
The group was formed in 2006 by the acquisition of nine television stations owned by The New York Times Company, and grew further with the acquisition of eight former Fox owned-and-operated stations from Fox Television Stations, and a wide partnership with Tribune Broadcasting to provide management services for the stations (in turn, Local TV also operated several Tribune stations as well).
On December 21, 2007, FTS announced that it would sell nine of its stations to Local TV, LLC, a division of Oak Hill Capital Partners.

The New York Times Company

New York Times CompanyNew York TimesNew York Times Co.
The group was formed in 2006 by the acquisition of nine television stations owned by The New York Times Company, and grew further with the acquisition of eight former Fox owned-and-operated stations from Fox Television Stations, and a wide partnership with Tribune Broadcasting to provide management services for the stations (in turn, Local TV also operated several Tribune stations as well).
The New York Times reported on January 4, 2007, that the company had reached an agreement to sell all nine local television stations to the private equity firm Oak Hill Capital Partners, which then created a holding company for the stations, Local TV LLC.

Tribune Broadcasting

TribuneTribune Studiosits own television stations
The group was formed in 2006 by the acquisition of nine television stations owned by The New York Times Company, and grew further with the acquisition of eight former Fox owned-and-operated stations from Fox Television Stations, and a wide partnership with Tribune Broadcasting to provide management services for the stations (in turn, Local TV also operated several Tribune stations as well).
On December 21, 2007, Tribune and Oak Hill Capital Partners-controlled Local TV, LLC announced plans to collaborate in the formation of a "broadcast management company" (later named The Other Company); its Tribune Interactive division also operated the websites of its stations as part of the partnership.

Local marketing agreement

LMAjoint salestime brokerage agreement
Local TV's partnership with Tribune expanded on September 17, 2008, as the company announced that it would take over Tribune's CW affiliates KWGN-TV and KPLR-TV under local marketing agreements, and consolidate them with KDVR and KTVI respectively.
Both Tribune Media and the Gannett Company were required to use shared services agreements as a similar loophole to take control of certain stations in their respective 2013 purchases of Local TV and Belo, as they did not have exemptions to the FCC's newspaper cross-ownership restrictions in the affected markets.

The CW

CWThe CW Television NetworkCW Network
Local TV's partnership with Tribune expanded on September 17, 2008, as the company announced that it would take over Tribune's CW affiliates KWGN-TV and KPLR-TV under local marketing agreements, and consolidate them with KDVR and KTVI respectively.
News programming on CW affiliates – if the station carries any – is often outsourced to another major network affiliate in the market, especially if they are operated as part of a duopoly or management agreement, such as Tribune's respective CW-Fox duopolies of KWGN-TV/KDVR in Denver and KPLR-TV/KTVI in St. Louis (the Fox stations in both duopolies – KDVR and KTVI – were formerly owned by Local TV, with Tribune-owned KWGN and KPLR respectively consolidating with those stations through local marketing agreements formed as part of a wider partnership involving Local TV, which Tribune bought outright in 2013); Evansville, Indiana affiliate WTVW (which joined The CW in January 2013) and ABC affiliate WEHT (a virtual duopoly formed through Nexstar Broadcasting Group's 2011 purchase of WEHT and trade of WTVW to partner group Mission Broadcasting); and the CW-CBS O&O duopoly of KMAX-TV/KOVR in Sacramento (the former of which has produced a morning newscast, Good Day Sacramento, since it was a UPN owned-and-operated station, and – despite the two becoming a duopoly in 2005 – has remained separate from a more traditional morning show on KOVR pre-CBS This Morning, which produces KMAX's evening newscast).

KPLR-TV

KPLRKPLR 11CW 11
Local TV's partnership with Tribune expanded on September 17, 2008, as the company announced that it would take over Tribune's CW affiliates KWGN-TV and KPLR-TV under local marketing agreements, and consolidate them with KDVR and KTVI respectively.
On September 17, 2008, Tribune announced that it would enter KPLR into a local marketing agreement with Fox affiliate KTVI effective October 1, as a result of the formation of a "broadcast management company" that was created to provide management services to stations owned by both Tribune Broadcasting and KTVI owner Local TV.

KDVR

DenverKDVR-TVK15MD-D
Local TV's partnership with Tribune expanded on September 17, 2008, as the company announced that it would take over Tribune's CW affiliates KWGN-TV and KPLR-TV under local marketing agreements, and consolidate them with KDVR and KTVI respectively.
On December 22, 2007, Fox Television Stations entered into an agreement to sell KDVR and seven other Fox owned-and-operated stations to Local TV (a holding company operated by private equity firm Oak Hill Capital Partners), adding to the nine stations that the group had acquired in May of that same year when it bought the broadcasting division of The New York Times Company.

KTVI

KTVI-TVKTVI 2St. Louis
Local TV's partnership with Tribune expanded on September 17, 2008, as the company announced that it would take over Tribune's CW affiliates KWGN-TV and KPLR-TV under local marketing agreements, and consolidate them with KDVR and KTVI respectively.
On December 22, 2007, Fox sold KTVI and seven other owned-and-operated stations—WDAF-TV in Kansas City, WBRC in Birmingham, WGHP in Greensboro/Winston-Salem/High Point, WJW in Cleveland, WITI in Milwaukee, KDVR in Denver and KSTU in Salt Lake City—to Local TV (a broadcast holding company operated by private equity firm Oak Hill Capital Partners that was formed on May 7 of that year to assume ownership of the broadcasting division of The New York Times Company) for $1.1 billion; the sale was finalized on July 14, 2008.

WTVR-TV

WTVRWTVR 6.3markets
On January 2009, Raycom Media announced that it would acquire one of Local TV's former Fox O&Os, WBRC-TV in Birmingham, Alabama, in exchange for its CBS affiliate WTVR-TV in Richmond, Virginia and $85 million.
On January 6, 2009, Raycom and Local TV LLC announced that they would be swapping stations in Richmond and Birmingham.

Randy Michaels

Merlin MediaMerlin Media's CEO
President and chief executive officer (CEO) was 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 Tribune Company, on May 7, 2008.
Early in 2005, Michaels began working with Oak Hill Capital partners on acquisition opportunities, culminating in the creation of Local TV LLC, a company that acquired nine local network-affiliated television stations formerly owned by The New York Times Company.

Fox Broadcasting Company

FoxFox networkFox.com
The group was formed in 2006 by the acquisition of nine television stations owned by The New York Times Company, and grew further with the acquisition of eight former Fox owned-and-operated stations from Fox Television Stations, and a wide partnership with Tribune Broadcasting to provide management services for the stations (in turn, Local TV also operated several Tribune stations as well). 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.
Currently outside Fox's core O&O group, Nexstar Media Group is Fox's largest affiliate group in terms of overall market reach, with fourteen stations (including some former Fox O&Os that were spun off in 2008 to Local TV, which Tribune Broadcasting later acquired in 2013, to finance former Fox parent News Corporation's purchase of The Wall Street Journal; Nexstar purchased Tribune in the fall of 2019); the Sinclair Broadcast Group is the largest operator of Fox stations by numerical total, owning or providing services to 26 Fox-affiliated stations.

News Corporation (1980–2013)

News CorporationNews Corp.NewsCorp
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.
These stations, along with those already acquired by Oak Hill that were formerly owned by The New York Times Company, formed the nucleus of Oak Hill's Local TV LLC division.

KWGN-TV

KWGNKWGN 2KFEL-TV
Local TV's partnership with Tribune expanded on September 17, 2008, as the company announced that it would take over Tribune's CW affiliates KWGN-TV and KPLR-TV under local marketing agreements, and consolidate them with KDVR and KTVI respectively.
On September 17, 2008, Tribune Company announced that it would enter KWGN into a local marketing agreement with Local TV, owners of Fox affiliate KDVR, effective on October 1, 2008, as a result of the formation of a "broadcast management company" that was created to provide management services to stations owned by both Tribune Broadcasting and Local TV.

WWBT

WWBT-TVWRVA-TVRichmond
Raycom was required to divest WTVR as a condition of its purchase of Lincoln Financial Media's stations (which included Richmond's NBC station WWBT), as Richmond did not have enough stations to legally permit a duopoly.
WTVR was eventually swapped to Local TV.

Oak Hill Capital Partners

Oak Hill CapitalAcadia InvestorsOak Hill
Local TV LLC was a television broadcasting company owned by Oak Hill Capital Partners which operated 20 television stations in the United States.

WHNT-TV

WHNTstations inWHNT-DT2
On January 4, 2007, the company sold its television stations in a group deal to Local TV, a holding company operated by private equity group Oak Hill Capital Partners, for $530 million; the sale was finalized on May 7.

WGNT

WYAH-TVWTOV-TVWYAH 27
On June 14, 2010, CBS Corporation announced that it would sell its CW O&O WGNT in Hampton Roads to Local TV, making it a sister station to its existing CBS affiliate WTKR.
On June 14, 2010, Local TV, owner of CBS affiliate WTKR, acquired WGNT.

WHO-DT

WHO-TVWHO13
Oak Hill created Local TV LLC as a holding company for the former New York Times stations.

WBRC

WBRC-TVBirmingham6
On January 2009, Raycom Media announced that it would acquire one of Local TV's former Fox O&Os, WBRC-TV in Birmingham, Alabama, in exchange for its CBS affiliate WTVR-TV in Richmond, Virginia and $85 million.
However, on December 22, 2007, Fox announced that it had entered into an agreement to sell WBRC and seven other Fox owned-and-operated stations (WDAF-TV, WGHP, WJW in Cleveland, WITI in Milwaukee, KTVI in St. Louis, KDVR in Denver and KSTU in Salt Lake City) to Local TV, a holding company operated by equity firm Oak Hill Capital Partners that had earlier purchased The New York Times Company's television station division; the sale was finalized on July 14, 2008.

WBQD-LP

WBQD was owned by Four Seasons Broadcasting (a partnership between Malibu Broadcasting in Cleveland, Ohio and Venture Technologies Group, LLC in Los Angeles, California) but operated through a local marketing agreement and a Technical Services Agreement by The New York Times Company, and later by Local TV LLC, both previous owners of ABC affiliate WQAD-TV, with studios for WBQD being co-located with WQAD-TV on Park 16th Street in the Prospect Park section of Moline.

Tribune Media

Tribune CompanyTribuneTribune Co.
President and chief executive officer (CEO) was 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 Tribune Company, on May 7, 2008. Also as part of the agreement, the websites for Local TV's stations were transitioned to a platform developed and managed by Tribune Interactive.
On December 21, 2007, Tribune and Oak Hill Capital Partners-controlled Local TV, LLC announced plans to collaborate in the formation of a "broadcast management company" (later named The Other Company).

KXNW

KPBIKBBLchannel 34
On September 1, 2011, Local TV, the owners of the CBS-affiliate KFSM, filed papers with the Federal Communications Commission to purchase KPBI for $784,000 through a "failing station" waiver.

WDAF-TV

WDAFWDAF 4TV
On December 22, 2007, Fox sold WDAF-TV and seven other owned-and-operated stations – WJW, WBRC, WGHP, KTVI in St. Louis, WITI in Milwaukee, KDVR in Denver and KSTU in Salt Lake City – to Local TV (a broadcast holding company operated by private equity firm Oak Hill Capital Partners that was formed on May 7 of that year to assume ownership of the broadcasting division of The New York Times Company) for $1.1 billion; the sale was finalized on July 14, 2008.

WGHP

WGHP-TVFOX8Greensboro
On December 22, 2007, Fox sold WGHP and seven other Fox O&O stations to the Oak Hill Capital Partners subsidiary Local TV, which had earlier bought nine stations from The New York Times Company; the sale was finalized on July 14, 2008.

WNEP-TV

WNEPW07DC-DW36BE-D
Oak Hill formed Local TV as a holding company for its stations.