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Nexstar is said to be buying Tribune Media for $4.1 billion
Nexstar Media Group Inc. agreed to buy Tribune Media Co. for $4.1 billion, creating the largest owner of local-TV stations in the U.S., according to a person with knowledge with the matter.
Nexstar outbid private equity firm Apollo Global Management LLC with an all-cash offer that values Tribune at about $46.50 a share, said