Broadcasting & Cable - August 24, 2008
Cover Story
Private Equity: Buying In To Cash Out
During the past year, Oak Hill Capital Partners, a private equity firm, bought eight Fox stations from News Corp. for $1.1 billion. The stations will be under the management of Local TV LLC, which was created in 2007 to operate nine other TV stations Oak Hill bought for $575 million from The New York Times Co.
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