Tribune closed on its $2.2 billion purchase of Local TV,...

Tribune closed on its $2.2 billion purchase of Local TV, Tribune said in a news release Friday (http://bit.ly/19sYNta). The FCC approved the transaction Dec. 20 (CD Dec 23 p3). Tribune now owns 39 TV stations, and provides services through sharing agreements to three former Local TV stations now owned by Dreamcatcher. As a result of the sale, Tribune is both the largest Fox affiliate group and the largest CW affiliate group in the U.S., the release said. “The transaction creates the largest combined independent broadcast group and content creator in the country,” Tribune said.