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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 […]
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 […]
TV station giant Sinclair Broadcast is close to a deal to buy Tribune Media for close to $ 4 billion, according to a person familiar with the matter. WSJ.com: What’s News US
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 […]
