CHICAGO (WHNT) – WHNT News 19 is now part of the Tribune Company. Tribune announced Friday morning that it has completed the final steps necessary to close its acquisition of Local TV Holdings, LLC. The transaction creates the largest combined independent broadcast group and content creator in the country.
“This is a historic day for Tribune and Local TV,” said Peter Liguori, Tribune’s President and Chief Executive Officer. “Combining these two great media companies will deliver tremendous benefits for our viewers, advertisers, and most important, the communities we serve. This is a transformational acquisition for Tribune, providing us with significant scale to drive our business objectives and create substantial shareholder value.”
“We are excited to be part of the great Tribune family of stations,” said Stan Pylant, President and General Manager of WHNT News 19. “For 50 years, Tennessee Valley viewers have counted on us to provide the best local news, weather and sports coverage. That tradition of broadcast excellence and community commitment will continue and thrive under Tribune ownership.”
As a result of this acquisition, Tribune now owns 39 television stations across the country including WHNT News 19. The combined broadcast portfolios include 5 CBS affiliates, 3 ABC affiliates, 2 NBC affiliates, 14 FOX affiliates and 14 CW affiliates.
Tribune owns 14 stations in top-20 markets and the company is now the #1 FOX affiliate group and the #1 CW affiliate group in the country. The transaction added market-leading stations in prime cities such as Denver, Cleveland, St. Louis, Kansas City, Salt Lake City and Milwaukee to the Tribune lineup.