Tribune Co.'s proposed $2.7-billion acquisition of 19 television stations owned by Local TV Holdings would accelerate the rapid consolidation of the television business.
Tribune on Monday said that it had entered into a definitive agreement to buy the stations, which would give Tribune a total of 42 TV stations -- up from its current count of 23. The all-cash deal would make Tribune one of the biggest TV-station owners in the country and the largest independent affiliate station group for Fox Broadcasting. Tribune would control 14 Fox affiliates.
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