IRVING, Texas | Nexstar offers just over $4B for Tribune Media

IRVING, Texas | Nexstar offers just over $4B for Tribune Media

IRVING, Texas — Nexstar is offering to buy Chicago’s Tribune Media for about $4 billion, four months after the collapse of a similar bid from Sinclair Broadcast Group.

The offer Monday would make Nexstar, whose stations reach nearly 39 percent of all U.S. television households, the biggest operator of local TV stations in the U.S.

Tribune Media owns or operates 42 local TV stations that reach 50 million households, as well as the national network WGN.

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