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For a model category, we prove that taking the category of coalgebras over a comonad commutes with left Bousfield localization in a suitable sense. Then we prove a general existence result for the left-induced model structure on the category of coalgebras over a comonad in a left Bousfield localization. Next we provide several equivalent characterizations of when a left Bousfield localization preserves coalgebras over a comonad. These results are illustrated with many applications in chain complexes, (localized) spectra, the stable module category, and simplicial settings.

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