Daily business briefing: KTVI sold to Tribune Co.

July 1, 2013 

BND

The Tribune Co. is buying KTVI-TV, Fox 2, in St. Louis and 18 other television stations for about $2.7 billion. The deal will make it one of the nation's largest commercial TV station owners. Recently, Gannett Corp., which owns KSDK-TV, was acquiring Belo Corp., which owns KMOV-TV. For more information, go to http://www.bizjournals.com/stlouis. ...

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The stock market is opening the second half of the year on a higher note. After the market closed out its best first half of a year in more than a decade, the Dow Jones industrial average was up 100 points, or 0.7 percent, at 15,009 after the first few minutes of trading Monday. All but one of the 30 stocks in the index rose. Read more at http://www.bnd.com/business. ...

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Noteworthy piano maker Steinway is being sold. Private equity firm Kohlberg & Co. is buying the famed piano manufacturer for about $438 million. Steinway has been making pianos for 160 years. Find out more at http://www.bnd.com/business. ...

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Starbucks is looking to get into the soda fountain service. The coffee house chain is testing handcrafted fountain sodas in stores in Atlanta and Austin, Texas. The drinks come in flavors such as lemon ale, spiced root beer and ginger ale.. Learn more at http://www.bizjournals.com/stlouis.

-- Will Buss, BND business writer

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