The Tribune Company announced that it has agreed to acquire KPLR-TV (WB11), St. Louis, and KWBP-TV (WB32), Portland, Ore., from ACME Communications) for $275 million. The stations will expand
Tribune's television holdings into two additional top 30 markets and strengthen Tribune's position as the largest affiliate group of the WB Network. St. Louis is the nation's 22nd largest television
market; Portland is the nation's 23rd. Upon completion of the acquisitions, Tribune will own and operate 26 stations, 19 of which are WB affiliates. KPLR and KWBP will increase Tribune's coverage of
U.S. television households to 40% and nearly 30% by Federal Communications Commission standards.