Nexstar is set to acquire Tribune Media for $4.1 billion

Like it or not, American media consolidation could still be on the way in the wake of Sinclair’s failed bid for Tribune Media. Reuters sources claim broadcasting giant Nexstar Media Group has reached a deal to buy Tribune for about $ 4.1 billion. The deal could be announced by December 3rd, the insiders said. Tribune […]

Tribune ends Sinclair merger bid and files suit over losses

Today, Tribune Media announced that it is no longer interested in Sinclair’s $ 3.9 billion takeover. Furthermore, the company is filing suit against Sinclair for breach of contract, which asks for compensation for all of Tribune’s losses as a result of the breach. Sinclair wanted to purchase Tribune Media’s 42 stations in 33 markets, but […]

Twenty-First Century Fox is reportedly in talks with Blackstone to buy Tribune

Thomson Reuters NEW YORK (Reuters) – Twenty-First Century Fox Inc is in talks with Blackstone Group LP about submitting an offer to buy Tribune Media Co, one of the largest U.S. television station operators, sources familiar with the matter said on Sunday. Blackstone, the largest manager of private equity and real estate assets, would provide […]