Tribune buys 19 U.S. TV stations

AFP-JIJI

Tribune Co., the U.S. media firm that is trying to sell off its struggling newspapers, announced Monday the purchase of 19 local television stations for $2.7 billion.

The purchase of all the stations of Local TV Holdings will make Tribune the largest owner of commercial TV stations in the United States, with 42 stations bridging the two coasts, it said.

The $7 billion media group pulled out of a lengthy bankruptcy reorganization last year and has since been trying to jettison its newspaper holdings, including the Los Angeles Times and Chicago Tribune.