Nexstar Media Group announced today that they will be expanding and have plans to acquire Tribune Media Company in a $6.4 billion transaction.
Combining these two companies will reach approximately 39 percent of U.S. television households. Following the transaction, Nexstar will be the largest local television broadcast group in the United States and one of the leading producers and distributors of local news, lifestyle, sports and network content.
Nexstar began in 1996 with one television station in Scranton, Pennsylvania and have continued their mission to provide local viewers and hometown businesses with the highest quality local news programming and service, while also giving back to our neighbors in the communities that we serve.
The new transaction is expected to close the Tribune transaction in the late third quarter of 2019.
WTAJ is part of the Nexstar Media Group.