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Nexstar clinches $4.1 bln deal to acquire Tribune Media -sources

Reuters 

By Carl O'Donnell and Liana B. Baker(Reuters) - Nexstar Media Group Inc has reached an agreement to acquire Tribune Media Co for about $4.1 billion, a deal which would make it the largest local U.S. TV station operator, people familiar with the matter said on Sunday.Nexstar's acquisition would come just three months after Tribune's $3.9 billion deal to sell itself to Sinclair Broadcast Group Inc , currently the largest U.S. local TV station operator, collapsed over regulatory hurdles. [nL4N1V042M]Nexstar outbid private equity firm Apollo Global Management LLC with an all-cash offer that ...

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First Published: Sun, December 02 2018. 23:50 IST
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