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Dallas-Ft. Worth

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The market is a veritable poster child for media consolidation, as four of the five local news operations are owned and operated by major TV networks: CBS, NBC, Fox and Univision (all four nets have a duopoly in the market). CBS and Univision also own radio stations in the market, and CBS even has a strong outdoor portfolio. Leveraging its cross-media strength, all three CBS divisions last year partnered to launch DFWvehicles.com, an auto search site.

The fifth news operation, WFAA-TV, Belo