Nexstar will acquire Tribune Media for $4.1 billion
Reuters reports that Nexstar Media Group has agreed to acquire the Tribune Media Company for $4.1 billion, which will make the combined company the largest television station operator in America. The deal could be announced on Monday.
Based in Irving, Texas, Nexstar is presently the second-largest local television station owner in the country, just behind Sinclair. Should the acquisition go through, Nexstar would become the largest local TV operator in the US. Sources tell Reuters that the deal could be formally announced on Monday, and that Nexstar outbid equity firm Apollo Global Management to acquire the company.