Nexstar to buy Tribune Media for $4.1B

Nexstar to buy Tribune Media for $4.1B
Nexstar Media Group has reached a $4.1 billion deal to acquire Tribune Media, making it the country’s largest operator of local TV stations. Reports on Sunday said Nexstar’s all-cash offer of about $46.50 per share edged out private equity firm Apollo Global Management. Stock of Chicago-based Tribune closed on Friday at $40.26 per share. The...