Private equity firm Oak Hill Capital Partners said Monday that it has completed the acquisition of eight Fox network affiliated television stations from News Corp. (NWS) for about $1.1 billion.
The Fox Stations will be managed by the senior executives of Local TV LLC, the television platform Oak Hill created in 2007 following the purchase of nine stations from the New York Times Company.
Following the completion of acquisition, Geolo Capital, the private equity investment arm of the John Pritzker family, joined the Local TV ownership group as a minority investor.
NWS closed Monday's regular trading session at $14.42, down 5 cents. In the after-hours, the shares gained 6 cents.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.