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Tribune Closes Local TV Acquisition

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Tribune Co. has closed on its $2.73 billion acquisition of Local TV, making it one of the country’s largest television station owners, the company announced Friday.

The deal, which was approved by the Federal Communications Commission last week, adds 19 television stations in 16 markets to Tribune Co.’s 23 stations. The combined portfolio will reach 50 million households.

Read the full report here.