Local TV LLC is a company founded in 2009 by a group of experienced television professionals.
The company's mission is to provide high-quality local programming to communities across the United States.
Local TV LLC operates a network of over 200 television stations, reaching millions of viewers each week.
Its stations offer a mix of news, sports, entertainment, and lifestyle programming that is tailored to the unique needs and interests of local audiences.
Check this out: Do Gas Stations Put a Hold on Credit Cards
Company Information
Local TV LLC is a privately held company based in the United States.
The company was founded in 2005 by a group of experienced media professionals.
Local TV LLC is a leading provider of local news and entertainment programming to cable and satellite television providers.
The company's flagship station, WXYZ-TV, is a highly rated ABC affiliate serving the Detroit market.
Local TV LLC has a strong presence in the Midwest, operating stations in major markets such as Cleveland, Cincinnati, and Toledo.
Industry and Codes
Local TV LLC operates in the broadcasting industry, which is reflected in its NAICS and SIC codes. The company's NAICS codes are 51, 515120, 515, 51512, and 5151, indicating its involvement in the broadcasting and telecommunications sector.
These NAICS codes suggest that Local TV LLC is engaged in various aspects of the broadcasting industry, including television broadcasting. The company's SIC codes, 483 and 48, further reinforce its connection to the broadcasting and telecommunications industries.
Worth a look: Bank Naics Code
Naics Code Meaning
The NAICS code is a crucial identifier for businesses, and understanding its meaning is essential for navigating the industry landscape.
Local TV LLC has multiple NAICS codes: 51, 515120, 515, 51512, and 5151. These codes identify the company as a broadcasting and wireless communications equipment manufacturer.
NAICS codes are used to classify businesses by industry and activity. The codes are standardized across the United States, making it easier for businesses to operate and for government agencies to track economic data.
In the case of Local TV LLC, the NAICS code 51 indicates that the company is primarily engaged in manufacturing. The more specific codes, such as 515120, further categorize the company as a broadcasting and wireless communications equipment manufacturer.
A different take: Do Businesses Prefer Cash or Credit
SIC Code for Television
Local TV LLC has SIC codes 483 and 48, but what does that even mean? SIC codes, or Standard Industrial Classification codes, are a way to categorize businesses by their primary activity.
The SIC code for a television station or network can vary depending on the specific services offered. For example, Local TV LLC's SIC codes include 483, which is for radio and television broadcasting, and 48, which is for communications.
If you're trying to find the SIC code for a specific TV-related business, it's worth doing some research to see if they have a unique code or fit into a broader category.
You might like: Banking Codes and Standards Board of India
History and Acquisitions
Local TV LLC has a rich history of growth and expansion.
The company was acquired by Tribune Company in December 2013, creating the largest combined independent broadcast group and content creator in the country.
Tribune Company's President and Chief Executive Officer, Peter Liguori, hailed the acquisition as a "historic day" for both companies.
Explore further: Tribune Publishing
As a result of the acquisition, Tribune now owns 39 television stations across the country.
The company's broadcast portfolio includes a diverse mix of stations, with 14 FOX affiliates, 14 CW affiliates, 5 CBS affiliates, 3 ABC affiliates, and 2 NBC affiliates.
Tribune's acquisition of Local TV LLC added market-leading stations in prime cities such as Denver, Cleveland, St. Louis, Kansas City, Salt Lake City, and Milwaukee to its lineup.
This acquisition marked a significant milestone for Tribune, providing the company with significant scale to drive its business objectives and create substantial shareholder value.
Tribune's combined broadcast portfolios make it the #1 FOX affiliate group and the #1 CW affiliate group in the country.
Readers also liked: 14 Wall Street
Frequently Asked Questions
Who owns the largest local TV station?
Nexstar owns the largest local television broadcasting group in the US, with over 200 stations reaching 220 million people. It operates in 116 U.S. markets through owned or partner stations.
Featured Images: pexels.com
