Report: Hubbard might consider buying Tribune Co. TV stations
- Blog Post by: Neal Justin
- May 22, 2012 - 3:12 PM
Stanley S. Hubbard/photo by Glen Stubbe
Stanley S. Hubbard, CEO of Minnesota-based Hubbard Broadcasting, said Tuesday that he might be interested in buying WGN, the Chicago-based TV station that's broadcast across the country, from the financially troubled Tribune company, if the price and location are right.
Tribune Co. may be selling publishing and broadcasting units after it gets out of bankruptcy. Tribune owns stations across the country, including WGN in Chicago. Its newspaper division includes The Los Angeles Times, Baltimore Sun and Chicago Tribune.
"I don't think they would offer it to us, but we just don't know," he said. "We've had no conversations with them about it."
Hubbard said he's not interested in any of Tribune's radio stations or newspapers.
Hubbard Broadcasting made a major investment in radio last year, spending $500 million to buy stations from Bonneville Radio.
"Obviously that would limit how much we could invest in it, but we could still handle it," he said.
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