07.18.2008 08:00 AM
Oak Hill Capital Partners closes deal for eight News Corp. stations

Private equity firm Oak Hill Capital Partners has completed its acquisition of eight FOX Network owned-and-operated TV stations from News Corp. for about $1.1 billion, the company said July 14.

The stations include: KDVR in Denver; KSTU in Salt Lake City; KTVI in St. Louis; WBRC in Birmingham, AL; WDAF in Kansas City, MO; WGHP in Greensboro, NC; WITI in Milwaukee; and WJW in Cleveland.

Local TV LLC, which Oak Hill created following its 2007 acquisition of nine New York Times Company stations, will manage the newly acquired stations.

Geolo Capital, the private equity investment arm of the John Pritzker family, joined the Local TV ownership group as a minority investor.

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Tuesday 03:07 PM
WMUR-TV Says FAA Drone Rules Preclude ENG
The FAA’s current rules and proposed ban on flight over people, requirement of visual line of sight and restriction on nighttime flying, effectively prohibit broadcasters from using UAS for newsgathering. ~ WMUR-TV General Manager Jeff Bartlett

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