Tribune Broadcasting has struck a deal to swap its FM radio station in Gotham for two TV stations about to be acquired by growing radio outfit Emmis Broadcasting.
The deal, still subject to federal approval, will bring the total number of TV stations in the Tribune fold to 18 and give the company outposts in Seattle (the nation’s 12th-largest TV market) and Grand Rapids, Mich. (market No. 37). Tribune will exchange WQCD-FM for WB Network affil KTZZ Seattle and Fox affil WXMI Grand Rapids.
The two new stations will boost Tribune Broadcasting’s national reach to 35.6% of all U.S. TV households. Tribune officials say they plan to hang on to the company’s four remaining radio properties, WGN-AM Chicago and three stations in Denver.
Indianapolis-based Emmis Broadcasting, which is acquiring the TV stations as part of its buyout of Dudley Communications, owns FM and AM radio outlets in New York, Los Angeles, Chicago and other major markets.