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Nexstar Buying Tribune Media For $4.1 Billion

On Monday it was announced that Nexstar Media Group Inc. has agreed to buy Tribune Media Co. in a $4.1-billion deal, creating the nation’s largest owner of local television stations. Texas-based Nexstar, composed of 174 stations, including affiliates of NBC, CBS, ABC and Fox, outbid private equity giant Apollo Global Management with an all-cash offer … Read more

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