Nexstar Media Group, Inc. (Nasdaq: NXST) (“Nexstar”) and Tribune Media Company (NYSE: TRCO) (“Tribune Media”) announced today that they have entered into a definitive merger agreement whereby Nexstar will acquire all outstanding shares of Tribune Media for $46.50 per share in a cash transaction that is valued at $6.4 billion including the assumption of Tribune Media’s outstanding debt.
Nexstar Media will host a conference call today, Monday, December 3, at 8:30 a.m. ET to review the transaction and host a question and answer session. To access the conference call, interested parties may dial 323/994-2093 (domestic and international callers). The Conference ID Number is 8529802. Participants can also listen to a live webcast of the call (link below). During the conference call and webcast, management will review a presentation summarizing the proposed transaction which can also be accessed below.