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Nexstar acquires Tribune Media in $ 4.1 billion Deal (Report)

December 3, 2018 Business 1 Views BUSINESS 7:45 PM PST 12/2/2018ofPatrick Shanley The deal would make the company the largest…

The deal would make the company the largest operator of local American TV stations.

Nexstar Media Group was acquired by Tribune Media Co. for $ 4.1 billion on Sunday, according to a report by Reuters. The deal would make the company the largest operator of local American TV stations.

Nexstar, based in Irving, Texas, currently operates more than 1

00 TV stations in 58 markets, covering approximately 18 percent of American TV households.

In August, the planned acquisition of the Tribune by Sinclair Broadcast Group was SEK 3.9 billion and an appeal was lodged by Tribune, claiming “compensation for all losses arising from Sinclair’s significant breaches of the merger agreement”. Sinclair currently operates most TV stations in the United States

The news is expected to be officially revealed on Monday.


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