Nexstar, owner of WFXR, to buy Tribune Media for $4.1 billion in TV megadeal

December 3, 2018

Nexstar is acquiring Tribune with an all-cash offer that values the Chicago-based company at $46.50 a share, the two said in a statement Monday. Including the assumption of debt, the price amounts to $6.4 billion.

Nexstar purchased WFXR, the FOX affiliate station for Roanoke and Lynchburg, in December 2014, according to the company's website.

Read more at: https://www.roanoke.com/news/nation/nexstar-owner-of-wfxr-to-buy-tribune-media-for-billion/article_8807b187-9d01-5b1d-940a-f17ec5de27cb.html



Get the Media Source Newsletter on your smartphone or tablet now!

iphone
Android

 


Latest News

Sen. Inhofe Puts Hold on O'Rielly Nomination

Sen. James Inhofe (R-Okla.) has reportedly put a hold on the renomination of Republican FCC commissioner...

Posted

Telegram CEO slams Apple for censoring in-app conten

Pavel Durov, CEO of the popular messaging app Telegram has slammed Apple for the way it blocks...

Posted

Spotlight On 4 Big Tech CEOs Testifying Wednesday

On Wednesday, Amazon CEO Jeff Bezos, Facebook’s Mark Zuckerberg, Google’s Sundar Pichai and Tim Cook of Apple...

Posted

Tech Giants 'Killing Free Expression'

Despite a recent major study and a new report from a Yale epidemiological expert that verifies the efficacy of hydroxychloroquine...

Posted

More News

NEWSROOM

Headlines