Local TV LLC

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Local TV LLC
Type	Private
Founded	2007
Headquarters	Fort Wright, Kentucky, USA
Key people	Bobby Lawrence, CEO
Industry	Broadcast television
Parent	Oak Hill Capital Partners
Website	www.localtvllc.com

Local TV LLC is a limited liability corporation owned by Oak Hill Capital. The company was created in 2007, after Oak Hill entered into an agreement to purchase the nine television stations owned by the New York Times Company.

Local TV took ownership of the stations, all located in medium- to small-sized markets, at 12:01 a.m. on Monday, May 7, 2007. Randy Michaels, the former chief executive officer of Clear Channel Communications, was originally CEO. Robert Lawrence is President and chief operating officer. On December 20, 2007, Local TV announced that Bobby Lawrence would be CEO.^[1]

On December 21, 2007, Tribune Company and Local TV agreed to form an as-yet-unnamed "broadcast management company" to provide management services to both Tribune's and Local TV's stations.^[2] Local TV announced plans to formally acquire eight Fox owned-and-operated stations one day later, on December 22, 2007. The sale became final on July 14, 2008.^[3]

Stations

References

1. Sale of FOX Television Stations Closes

External links

• Local TV LLC — official site
• Local TV & Local Responsibility Panel — Part 1 of 3: panel discussion on the takeover of 2 Oklahoma City stations by Local TV LLC and its parent company Oak Hill Capital Partners.