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 Dec. 2.
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.
