Sunday , May 9 2021

Tribune Media and NexStar in $ 4.1 Billion Local TV Takeover



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US Media Group NeXTSTAR will become the country's largest operator of local TV stations after a deal to buy Tribune Media for approximately $ 4.1 billion (£ 3.2 billion).

Three months after the sale of the Tribune, Sinclair Group, currently most of the U.S. Local TV operators have failed in regulatory hurdles.

The full details were expected on Monday, but the deal was widely reported in the US on Sunday.

42 TV stations in Tribune reach up to 50 million households.

Chicago-based company, National Entertainment Cable Network, WGN America also has more than 77 million homes, and many websites. She also has a stake in the Food Network.

Irving, Texas-based Nestor, manages and manages sales and other services at 174 television stations, reaching almost 39% of all US television homes.

Reuters declared the deal first, saying that the US. Private Equity Apollo Global Management is also negotiating with Tribune.

Tribune emerged from bankruptcy in late 2012 and completed its newspaper property spinoff in 2014.

More deals

Sinclair received the sale of the company due to promises to sell the US Federal Communications Commission (FCC) to television stations. The regulator said that Sinclair did not "fully disclose the facts" on the sale.

But he urged the President to interfere with Donald Trump, who tweeted in July: "It is so sad and unjust that the Sinclair Broadcast merger with FCC Tribune will not be approved. This would be a great and very necessary conservative voice for people and people. ".

News broadcast of many synchronized TV stations is considered politically conservative.

There is more TV broadcast than deals. Private-held Cox Enterprises announced in July that it has been searching for strategic options, including the potential sale of broadcast TV stations in cities like Atlanta, Boston and Memphis.

It is also believed that Sinclair is following another transaction, to partner with private equity company CVC Capital Partners, for Regional Sports Networks that 21st Century Fox is selling its majority of wealth following its deal merger with Walt Disney.


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