Local TV

Local TV LLC

Type	Private
Industry	Broadcast television
Founded	2007 (earlier as the broadcasting division of the New York Times Company)
Headquarters	Fort Wright, Kentucky, United States
Key people	Bobby Lawrence, CEO
Products	Television stations
Parent	Oak Hill Capital Partners
Website	http://www.localtvllc.com/

Local TV LLC is a limited liability corporation, owned by Oak Hill Capital Partners (and formerly by the New York Times Company), which operates 18 local network-affiliated television stations in the United States.^[1]^[2]

1 History
2 Officers
3 Stations
- 3.1 Former Local TV stations
4 References
5 Related audiovisual resources
6 External links

History

Local TV was created in December 2006, after Oak Hill Capital entered into an agreement with The New York Times Company to purchase nine local network-affiliated television stations; on May 7, 2007, the sale was completed as one part of a larger sale of the New York Times Company's Broadcast Media Group "for approximately $575 million."^[3] At 12:01 a.m., Local TV assumed ownership of the nine television stations, located in "eight mid-sized markets."^[2]

On December 21, 2007, Tribune Company and Local TV agreed to form a "broadcast management company" to provide management services to both Tribune Company's and Local TV's stations.^[4] The next day, December 22, 2007, Local TV announced plans to acquire eight Fox owned-and-operated stations from Rupert Murdoch's News Corporation, completing that sale on July 14, 2008.^[5] The Tribune Company operates 23 television stations.^[6]

In addition to the management agreement, Tribune Interactive provides the platform for the websites of all the LocalTV stations and transitioned them from other website hosts such as Fox Interactive and World Now. Additionally, Tribune has also made those stations charter affiliates of their Antenna TV digital subchannel network, which launched in January 2011 (though stations within the Local TV group only signed-on the network gradually, with the last ones beginning to broadcast the network in late April 2011).

Although it is headquartered near Cincinnati, it currently does not own a TV station in its home market.

Officers

President and chief executive officer (CEO) is Robert (Bobby) Lawrence, who, Local TV announced on December 20, 2007, would succeed Randy Michaels (aka Benjamin Homel), former CEO of Clear Channel Communications and Local TV's first CEO, who became Chief Operating Officer (COO) of the Tribune Company, on May 7, 2008.^[1]^[7]^[8]

Chief financial officer (CFO) of Local TV is Pam Taylor.^[1]

Stations

DMA#	City of license/Market	Station	Channel DT / Virtual	Owned Since	Affiliation	Acquired from
17.	Denver	KDVR	32 / 31	2008	Fox	FTSG
17.	Fort Collins, Colorado	KFCT (satellite of KDVR)	21 / 22	2008	Fox	FTSG
18.	Cleveland - Akron	WJW	8 / 8	2008	Fox	FTSG
21.	St. Louis	KTVI	43 / 2	2008	Fox	FTSG
31.	Kansas City, Missouri	WDAF-TV	34 / 4	2008	Fox	FTSG
32.	Salt Lake City	KSTU	28 / 13	2008	Fox	FTSG
35.	Milwaukee	WITI	33 / 6	2008	Fox	FTSG
43.	Norfolk - Portsmouth - Newport News	WTKR	40 / 3	2007	CBS	NYT
43.	Norfolk - Portsmouth - Newport News	WGNT	50 / 27	2010	The CW	CBSTVS
45.	Oklahoma City	KFOR-TV	27 / 4	2007	NBC	NYT
45.	Oklahoma City	KAUT-TV	40 / 43	2007	MyNetworkTV	NYT
47.	High Point - Greensboro - Winston-Salem, N.C.	WGHP	35 / 8	2008	Fox	FTSG
48.	Memphis	WREG-TV	28 / 3	2007	CBS	NYT
54.	Scranton - Wilkes Barre, PA	WNEP-TV	50 / 16	2007	ABC	NYT
57.	Richmond, Virginia	WTVR-TV	25 / 6	2009	CBS	Raycom
73.	Des Moines	WHO-DT	13 / 13	2007	NBC	NYT
79.	Huntsville, Alabama	WHNT-TV	19 / 19	2007	CBS	NYT
99.	Moline, Illinois (Quad Cities)	WQAD-TV	38 / 8	2007	ABC	NYT
99.	Davenport, Iowa (Quad Cities)	WBQD-LP 26¹	38.3 / 8.3	¹	MyNetworkTV	¹
100.	Fort Smith - Fayetteville, AR	KFSM-TV	18 / 5	2007	CBS	NYT
100.	Fort Smith - Fayetteville, AR	KPBI²	34 / 34	²	RTV	Acquisition from Riverside Media pending

¹ WBQD-LP is owned by Four Seasons Broadcasting, an affiliate of the Venture Technologies Group, and operated by WQAD-TV through a local marketing agreement. It still broadcasts in analog on channel 26.
² KPBI is presently owned by Riverside Media. Local TV is looking to acquire the station under an FCC "failing station" waiver.

Former Local TV stations

DMA#	Market	Station, Channel Number	Years Owned	Currently	Notes
40.	Birmingham, Alabama	WBRC 6	2008–2009	Fox network affiliate owned by Raycom Media	Swapped with WTVR-TV.

References

^ ^a ^b ^c "About Us" (Web). localtvllc.com. Local TV LLC. August 2008. Archived from the original on 2008-06-25. http://web.archive.org/web/20080625091137/http://www.localtvllc.com/aboutus/. Retrieved 2008-08-24. "We are currently in the process of acquiring a portfolio of 9 television stations. We intend to expand our media footprint, and are pleased to have the NYT stations as a foundation."
^ ^a ^b "Press Room" (Press release). Local TV. 2008-08-22. http://www.localtvllc.com/pressroom/. Retrieved 2008-08-24. "Local TV LLC is a broadcast holding company created in 2007 to acquire nine heritage television stations in eight midsized markets. In 2008, the company acquired eight Fox Affiliates previously owned by News Corporation. Local TV is owned by Oak Hill Capital Partners, management and a consortium of bankers and high yield lenders...."
^ "The New York Times Company Reports April Revenues" (The New York Times Company Financial Report) (Press release). Business Wire. 2007-05-07. http://phx.corporate-ir.net/phoenix.zhtml?c=105317&p=irol-pressArticle&ID=1003528&highlight=. Retrieved 2008-08-23. "On May 7, 2007, the Company sold the Broadcast Media Group, consisting of nine network-affiliated television stations, their related Web sites and the digital operating center, for approximately $575 million."
^ "Tribune and Local TV to Form Broadcast Management Company" (Press release). Tribune Company. 2007-12-20. http://www.tribune.com/pressroom/releases/2007/12212007.html. Retrieved 2008-08-24. "Tribune Company and Local TV have entered into a letter of intent to create a third-party broadcast management company which will provide shared services to all of the stations Local TV and Tribune Company own, respectively."
^ "Sale of Channel 6, Seven Other TV Stations Closes". The Business Journal of Milwaukee (bizjournals.com (American City Business Journals, Inc)). 2008-07-14. http://www.bizjournals.com/milwaukee/stories/2008/07/14/daily11.html?ana=from_rss. Retrieved 2008-08-24.
^ "About the Tribune Company" (Web). Tribune Company. http://www.tribune.com/about/index.html. Retrieved 2008-08-24.
^ "Local TV Announces Bobby Lawrence as CEO" (Press release). Local TV LLC. 2007-12-20. http://www.localtvllc.com/pressroom/2007/12/20/local-tv-announces-bobby-lawrence-as-ceo/. Retrieved 2008-08-24.
^ "Ownership Report for Commercial Broadcast Stations". FCC. http://fjallfoss.fcc.gov/prod/cdbs/forms/prod/getattachment_exh.cgi?exhibit_id=534573. Retrieved 2008-08-24.

Related audiovisual resources

"Local TV & Local Responsibility Part One: Stop Big Media". The National Conference for Media Reform. The Oklahoma History Center, Oklahoma City, Oklahoma. May 19, 2007. 25 mins. Video clip. video.google.com (Google). (Part 1 of 3-part videotaped "Panel Discussion on the takeover of New York Times Corporation[']s news stations by Oak Hill Capital Partners and its holding company.")

External links

Local TV LLC – Official Website

Local TV LLC

Corporate officers	Bobby Lawrence (Chairman and CEO) · Robert Lawrence

ABC network affiliates	WNEP • WQAD

CBS network affiliates	KFSM • WHNT • WREG • WTKR • WTVR

CW network affiliates	KPLR² • KWGN² • WGNT

Fox network affiliates	KDVR • KSTU • KTVI • WDAF • WGHP • WITI • WJW

MyNetworkTV affiliates	KAUT • WBQD-LP ¹

NBC network affiliates	KFOR • WHO

Retro Television Network affiliate	KPBI³

¹Owned by Venture Technologies Group and managed by Local TV. ²Owned by the Tribune Company and managed by Local TV. ³Local TV is seeking a "failing station" waiver from the FCC to acquire the station from Riverside Media.