Nexstar to buy Tribune Media for $4.1 billion


With the acquisition of Tribune Media, Nexstar Media Group will be the largest owner of local TV stations in the U.S. The deal is expected to close in the third quarter of 2019.

This is one of the largest consolidation efforts recently and will change the media landscape.

A press release from Nexstar said the company will benefit from increased geographic diversity and will be one of the top leaders in providing local news programming with an increase of 50 percent in audience reach.

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