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.


Comments
Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found




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

D. Pagan Communications /   Friday 10:35 AM
Blue Line is Hot on the Trail of DPA Microphones
Clyne Media, Inc /   Thursday 09:51 PM
Focusrite Expands RedNet Range

 
Featured Articles
Discover TV Technology