Skip to content
Daypop
  • Home
  • News
  • Sports
  • Entertainment
  • Music
    • Country Daypop
    • Rock Daypop
    • Urban Daypop
    • Pop Daypop
Daypop
  • Home
  • News
  • Sports
  • Entertainment
  • Music
    • Country Daypop
    • Rock Daypop
    • Urban Daypop
    • Pop Daypop

Nexstar Buying Tribune Media For $4.1 Billion

December 4, 2018
Staff
tmp08fe92ce-5319-48c8-94c6-ccac8a6e468c-jpg

On Monday it was announced that Nexstar Media Group Inc. has agreed to buy Tribune Media Co. in a $4.1-billion deal, creating the nation’s largest owner of local television stations.

Texas-based Nexstar, composed of 174 stations, including affiliates of NBC, CBS, ABC and Fox, outbid private equity giant Apollo Global Management with an all-cash offer of $46.50 a share. Chicago-based Tribune Media owns and operates 42 local stations reaching about 50 million households. The deal also includes Tribune Media’s cable network WGN America; a 31% stake in the Food Network; and real estate holdings. The acquisition will give Nexstar a presence in the three largest TV markets — New York, Los Angeles and Chicago.

Nexstar expects to close the transaction in the third quarter of 2019.

 

Nexstar to buy Tribune Media for $4.1B, creating a local TV giant

Via www.nbcnews.com
The acquisition comes just three months after Sinclair Broadcast Group Inc's $3.9 billion deal...
12/03/2018 3:55 PM
 

Editorial credit: Casimiro PT / Shutterstock.com

Previous Cases Of Polio-Like Paralysis Has Peaked, According To CDC Next Nick Jonas And Priyanka Chopra Share Wedding Pictures; Make First Appearance After Their Wedding In India
© 2025 Powered by OneCMS™ | Served by InterTech Media LLC
Scroll back to top
  • Home
  • News
  • Sports
  • Entertainment
  • Music
    • Country Daypop
    • Rock Daypop
    • Urban Daypop
    • Pop Daypop
3628718278
Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)
80d95ec393c13436e1a2506a4f45288322ef34ff
1