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Tribune Co. expands empire with purchase of 19 local TV stations

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Vehicles travel along Wacker Drive near the Tribune Tower (right center), headquarters of the Tribune Company, on June 7, 2012 in Chicago, Illinois.

Big news in the media world today from the Tribune Company.

The media behemoth which owns dozens of TV stations and newspapers across the country, including the Los Angeles Times is about to get even bigger. This morning, the company announced a massive $2.7 billion dollar purchase of 19 local TV stations.

The move, if it goes through, would make Tribune the largest owner of local affiliates in the nation. It's the latest in a series of moves by other large media companies buying up smaller TV affiliates. 

For more we're joined by Brian Stelter, media reporter for the New York Times

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