COMPANY TOWN ANNEX

Tribune to Buy San Diego TV Station: The Chicago-based media company said it plans to buy its ninth television station, San Diego’s KTTY-TV, for $70.5 million. Tribune said it won the rights to acquire the station, a Warner Bros. Television Network affiliate, at an auction. The transaction is expected to close by Dec. 31. KTTY was launched in 1984 by a San Diego investment group that still owns and operates the station. Tribune is the parent company of the Chicago Tribune and three other daily newspapers, eight television and six radio stations and the Chicago Cubs baseball team.