Large Market Deal Of The Year: Retransmission rights prove lucrative for Local TV Holdings

Being patient for the right assets to come along, and knowing how to fully exploit them: These two qualities went a long way toward Oak Hill Capital Partners winning its Large Market Deal of the Year award for the creation, ownership and sale of Local TV Holdings LLC.

Oak Hill Capital, founded in 1986 with financial backing from the Texas oil billionaire Robert Bass, acquired the main assets of Local TV Holdings through two principal transactions. The first was the $575 million purchase in spring 2007 of nine ...

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