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Exclusive: Local TV Puts Stations on Block

Oak Hill Capital Partners has put its Local TV LLC stations
on the block.

Station staffs are being alerted across the Local TV footprint.
The group says the process may take up to a year, and told staffers to go about
their business as usual in the meantime.

Local TV, based in Newport, Ky., did not return a call for
comment at presstime. Three separate sources within the company
confirmed the news.

Local TV owns or operates 21 stations, including
KDVR Denver, WJW Cleveland, WNEP Scranton-Wilkes Barre and KTVI St. Louis. It launched after the
acquisition of the New York Times Company stations in 2007, and added a bunch
from the Fox-owned group a year later.

Michael Malone, senior content producer at B+C/Multichannel News, covers network programming, including entertainment, news and sports on broadcast, cable and streaming; and local broadcast television. He hosts the podcasts Busted Pilot, about what’s new in television, and Series Business, a chat with the creator of a new program, and writes the column “The Watchman.” He joined B+C in 2005. His journalism has also appeared in The New York Times, The Philadelphia Inquirer, Playboy and New York magazine.