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Home > NewsRelease > Nexstar to Acquire Tribune Media for $6.4 Billion in Cash
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Nexstar to Acquire Tribune Media for $6.4 Billion in Cash
From:
Kathleen Greenler Sexton --- Subscription Expert Kathleen Greenler Sexton --- Subscription Expert
For Immediate Release:
Dateline: Boston, MA
Wednesday, December 5, 2018

 
Monday was a big day for Tribune Media Company (NYSE: TRCO). Nexstar Media Group (NASDAQ: NXST) agreed to buy Tribune Media’s outstanding shares at $46.50 each in an all-cash transaction worth $6.4 billion. As part of the deal, Nexstar will take on Tribune Media’s outstanding debt. The deal will be financed through Bank of America Merrill Lynch, Credit Suisse and Deutsche Bank. The boards of directors of both companies have both agreed to the deal which is expected to close in the third quarter of 2019, provided the acquisition agreement receives all the necessary regulatory approvals.

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