Nexstar Clinches $4.1 Billion Deal to Acquire Tribune Media: Sources

Nexstar Clinches $4.1 Billion Deal to Acquire Tribune Media: Sources
The tower of Tribune Broadcasting Los Angeles affiliate KTLA 5 is seen in Hollywood, Los Angeles, Calif., U.S., Jul. 17, 2018. Reuters/Lucy Nicholson
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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.