Hubbard Interested in Buying Tribune Stations

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By Andrew Gauthier

Hubbard Broadcasting, which last year acquired 17 radio stations from Bonneville International, is interested in purchasing some of Tribune’s radio and TV holdings.

Stanley Hubbard (right), the company’s CEO, recently told Crain’s Chicago that he would consider buying stations from Tribune if the price and location are right.  Though he added that he hasn’t had any discussions with the company, which is reportedly looking to streamline its corporate structure as it emerges from bankruptcy.

Based in St. Paul, MN, Hubbard currently owns a dozen TV stations in New Mexico, New York, and Minnesota, including flagship KSTP in the Twin Cities.  As a result of the Bonneville deal, Hubbard now owns a handful of radio stations in Tribune’s hometown of Chicago.