Tribune Media Company stockholders approve Nexstar merger

The stockholders of Tribune Media Company voted overwhelmingly last week to approve the company's previously announced acquisition by Nexstar Media Group, Inc.

More than 95 percent of the votes cast by the company's Class A common stockholders and Class B common stockholders, voting as a single class, entitled to vote at the special meeting, voted to approve the merger, which represents approximately 73 percent of the shares of the company's Class A common stock and Class B common stock outstanding as of the special meeting record date.  The company will file a Form 8-K disclosing the full voting results.

Peter Kern, Tribune Media Company's chief executive officer, said the vote "confirms that our stockholders clearly recognize the significant value we expect to be delivered by this merger. We look forward to continuing our work with Nexstar to obtain the necessary regulatory approvals that will enable us to close this transaction later this year."