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Encyclopedia > Local TV LLC

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. Oak Hill Capital is a private equity firm with more than $4. ... The New York Times Company (NYSE: NYT) is an American media company best known as the publisher of its namesake, The New York Times. ...

Local TV LLC will take ownership of the stations on May 6, 2007. Randy Michaels, the former head of Clear Channel is CEO. Robert Lawrence is President and COO. Clear channel stations are AM radio stations that are designated as such so that only one or two 50,000 watt powerhouses operate at night on each designated frequency, covering a wide area via sky wave propagation. ...

The stations part of the group are:

  • WHO-TV in Des Moines, Iowa NBC
  • KFSM-TV in Ft. Smith, Ark. CBS
  • WHNT-TV in Huntsville, Ala. CBS
  • WREG-TV in Memphis, Tenn. CBS
  • WQAD-TV in Moline, Ill. ABC
  • WTKR-TV in Norfolk, Va. CBS
  • KFOR-TV in Oklahoma City, Okla. NBC
  • KAUT-TV in Oklahoma City, Okla. MyNetworkTV
  • WNEP-TV in Scranton, Penn. ABC



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