Deals
Nexstar to Buy Tribune Media for $4.1 Billion in TV Megadeal
- Deal would unseat Sinclair as biggest local-TV company in U.S.
- Sinclair’s earlier plan to acquire Tribune hit FCC roadblock
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Nexstar Media Group Inc. agreed to buy Tribune Media Co. for about $4.1 billion, creating the largest owner of local-TV stations in the U.S.
Nexstar is acquiring Tribune with an all-cash offer that values the Chicago-based company at $46.50 a share, the two said in a statement Monday. Including the assumption of debt, the price amounts to $6.4 billion.