Monday, April 2, 2007

Indianapolis TV stations sold in Tribune deal

Tribune Co., the Chicago media company that owns Indianapolis Fox affiliate WXIN-TV Channel 59 and the local CW network affiliate, WTTV-TV Channel 4, said it has accepted an $8.2 billion acquisition offer from cross-town real estate magnate Sam Zell, according to the Indianapolis Business Journal.

Tribune's flagship properties are the Chicago Tribune and Los Angeles Times.

Zell said he would put Tribune's Chicago Cubs baseball team up for sale because he owns part of the Chicago White Sox.

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