• Nexstar Is Said to Be Buying Tribune Media for $4.1 Billion

    13 days ago - By Fortune

    Nexstar Media Group Inc. agreed to buy Tribune Media Co. for $4.1 billion, creating the largest owner of local-TV stations in the U.S., according to a person with knowledge with the matter.
    Nexstar outbid private equity firm Apollo Global Management LLC with an all-cash offer that values Tribune at about $46.50 a share, said the person, who asked not to be identified because the purchase isn't yet public. An announcement could come as soon as Monday.
    The deal would create a new king of local TV, unseating Sinclair Broadcast Group Inc. Four months ago, Sinclair was forced to abandon its own...
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