Are budget cuts and layoffs coming to KDVR/Fox 31?

News Corp.’s decision to sell eight of its Fox affiliates — including KDVR/Fox 31 in Denver — could result in cuts to the station’s management and news staff. Oak Hills Capital Partners acquired the eight stations to include in its Local TV LLC venture with the Tribune Co.  The venture will provide “shared services” for all the Local TV LLC stations, and “produce savings in management, technology and other overhead costs,” according to the Chicago TribuneRandy Michaels, who has been tapped to lead Local TV LLC, told Variety, “We are going to find new ways to operate smarter, cheaper and more efficiently.”