Nexstar Media Group has announced it will acquire Tribune Media for over $4 billion, making it the largest provider of local television stations in the U.S. In August, Tribune Media pulled out of a proposed merger with right-wing Sinclair Broadcast Group. The FCC had expressed concerns about the merger with Sinclair, despite rolling back rules that prevented consolidation in local media markets in 2017.
Nexstar Acquires Tribune Media to Become Largest Local TV Provider
HeadlineDec 04, 2018