We’re confused – we thought Tribune was in bad financial straits. Yet it has found the capital to buy “Local TV” (19 stations in 16 markets). Tribune (owner of the Hartford Courant and FoxCT) already owns 23 local TV stations.
Tribune Acquires "Local TV"
[…] A week ago, Tribune announced a deal to purchase 19 television stations in 16 markets. This morning Tribune Co. stated it intends to spin off its publishing business into a separate company. The Chicago Tribune, Los Angeles Times and other Tribune newspapers (including the Hartford Courant and FoxCT) will become part of a new company known as Tribune Publishing Co. […]