FCC approves Nexstar’s $6.4B takeover of Tribune Media – PitchBook

FCC approves Nexstar’s $6.4B takeover of Tribune Media – PitchBook

Excerpt:

The Federal Communications Commission has voted 3-2 to sign off on Nexstar Media Group‘s $6.4 billion buyout of Chicago-based Tribune Media, clearing the TV takeover’s final hurdle. The development follows the Justice Department’s tentative approval in July, on the condition that the companies divest television stations to mitigate antirust issues. The deal was announced in December.

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