Nexstar to buy Tribune Media for $4.1 billion

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Nexstar Media Group has agreed to buy Tribune Media for about $4.1 billion, creating the largest owner of local TV stations in the U.S.

In 2014, Tribune Media, then known as Tribune Co., spun off its publishing division, including the Chicago Tribune and other newspapers, retaining its broadcast and real estate assets.

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Tribune Media, Nexstar
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