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Tribune Media Co. operates as a media and entertainment company. It operates through Television & Entertainment segment, which provides news, entertainment and sports programming. Read More The Television & Entertainment segment comprises Tribune Broadcasting, which owns and operates local television stations; and Tribune Studios, which consists of digital applications and websites. This segment also includes Chicago's WGN-AM and the national multicast networks Antenna TV as well as THIS TV. Tribune Media owns & manages real estate properties. The company was founded in 1847 and is headquartered in Chicago, IL.
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Nexstar to sell 19 stations for $1.3 bln to complete Tribune purchase
(Adds background, changes media packaging slug to "NEXSTAR MEDIA-DIVESTITURE/" from "NEXTAR-DIVESTITURE/") March 20 (Reuters) - Nexstar Media Group is selling 19 television stations to Tegna Inc and E.W. Scripps Co for $1.3 billion to satisfy regulatory demands before it buys Tribune Media Co, it said on Wednesday. The TV station operator will sell 11 stations to Tegna for $740 million and eight to Scripps for $580 million in cash, as part of moves to comply with the U.S. Federal Communications Commission...
Nexstar Media To Sell Nineteen Stations In Fifteen Markets For $1.32 Bln
(RTTNews) - Nexstar Media Group, Inc. (NXST) and Tribune Media Co. (TRCO) announced Wednesday that Nexstar has entered into definitive agreements to sell a total of nineteen stations in fifteen markets for an aggregate $1.32 billion in cash following the acquisition of Tribune Media by Nexstar. Under the terms of the agreements, Tegna, Inc. (TGNA) will acquire eleven stations in eight markets for $740 million and The E.W. Scripps Co. (SSP) will acquire eight stations in seven markets for $580 million. Sep...
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