4 Firms Steer $6.4B Nexstar, Tribune Deal

Law360 (December 3, 2018, 7:34 AM EST) -- Nexstar Media Group Inc. unveiled a $6.4 billion deal, including debt, for Tribune Media Co. on Monday, in a tie-up guided by four firms that comes following weekend rumors that the media group had beat out a private equity firm to buy Tribune after regulatory woes derailed a different takeover bid earlier this year.

Several news outlets on Sunday reported that Texas-based Nexstar Media and Chicago-headquartered Tribune had firmed up the terms of the deal, after Nexstar prevailed over Apollo Global Management's competing bid to snap up Tribune.

The deal also comes after Tribune in August ended its planned $3.9 billion combination with...

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