Nexstar Media Group Inc. announced this morning that it has reached an agreement to acquire Tribune Media Co. for $6.4 billion. With the acquisition, Irving, Texas-based Nexstar (Nasdaq: NXST) will gain Tribune’s portfolio of media assets, which includes 42 owned or operated broadcast television stations in major U.S. markets. Additionally, Tribune (NYSE: TRCO), which is based in Chicago, has a hand in content creation and broadcast distribution. Nexstar will receive a 31-percent ownership stake…
from https://www.bizjournals.com/baltimore/news/2018/12/03/texas-company-to-acquire-tribune-media-for-6-4b.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/180755049942
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