A PYMNTS Company

US: Tribune Media and Nexstar in $4.1bn tie-up

By  |  December 2, 2018

US media group Nexstar is set to become the country’s largest operator of local TV stations after a deal to buy Tribune Media for about $4.1bn reported The Financial Times.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    It comes three months after Tribune’s sale to Sinclair Group, currently the largest US local TV operator, failed over regulatory hurdles.

    Full details were expected to be confirmed on Monday, but the deal was widely reported in the US on Sunday. Tribune’s 42 TV stations reach approximately 50 million households.

    The Chicago-based company also owns national entertainment cable network WGN America, whose reach is more than 77 million households, and a number of websites. It also has a stake in the Food Network.

    Nexstar, based in Irving, Texas, owns, operates and provides sales and other services to 174 television stations reaching nearly 39% of all US television households.

    Full Content: Financial Times
    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.