News Corp Completes Sale Of Eight Local TV Stations

July 2008 | M&A News Alert

On July 14 News Corp completed the sale of eight of its FOX network affiliated television stations. Private equity firm Oak Hill Capital Partners paid US$1.1bn for the stations. The stations will be incorporated into Oak Hill's television group, Local TV, which the company created to manage the nine stations it bought from the New York Times Company in

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