[3] Local TV was created in December 2006, after Oak Hill Capital entered into an agreement with The New York Times Company to purchase nine local network-affiliated television stations; on May 7, 2007, the sale was completed as one part of a larger sale of the New York Times Company's Broadcast Media Group "for approximately $575 million.

"[4] At 12:01 a.m., Local TV assumed ownership of the nine television stations, located in "eight mid-sized markets.

[5] Also as part of the agreement, the websites for Local TV's stations were transitioned to a platform developed and managed by Tribune Interactive.

[6] The next day, December 22, 2007, Local TV announced plans to acquire eight Fox owned-and-operated stations from Rupert Murdoch's News Corporation including WDAF-TV in Kansas City, WJW-TV in Cleveland, WITI-TV in Milwaukee, KTVI in St. Louis, Missouri, KDVR in Denver, Colorado, KSTU in Salt Lake City, WBRC in Birmingham, Alabama, and WGHP in High Point–Winston-Salem–Greensboro, North Carolina, completing that sale on July 14, 2008.

In January 2009, Raycom Media announced that it would acquire one of Local TV's former Fox O&Os, WBRC-TV in Birmingham, Alabama, in exchange for its CBS affiliate WTVR-TV in Richmond, Virginia and $85 million.