The Deal is Done....

KFSM/Channel 5/Fort Smith-Fayetteville officially has a new owner.  Tribune Company has been approved to purchase Local TV Holdings, LLC.  “This is a historic day for Tribune and Local TV,” said Peter Liguori, Tribune’s President and Chief Executive Officer.  “Combining these two great media companies will deliver tremendous benefits for our viewers, advertisers, and most important, the communities we serve.  This is a transformational acquisition for Tribune, providing us with significant scale to drive our business objectives and create substantial shareholder value.”

According to the press release Tribune now owns 39 television stations across the country...including KFSM.