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According to Reuters, Tribune Media Company (TRCO) seeking strategic alternatives

  • September 6, 2018


StockTribune Media CompanySymbolTRCO
Date Announced09/05/2018Source Reuters
TypeNews Report
Date of Confirmation: 12/03/2018Price at Confirmation: $44.25
Potential Profit: 18.60%Annualized Profit: 76.28%

U.S. TV station owner Tribune Media Co (TRCO) is kicking off a new round of talks to sell itself after its planned $3.9 billion sale to peer Sinclair Broadcast Group Inc (SBGI) failed to get regulatory clearance, people familiar with the matter said on Wednesday.


November 29, 2018: Buyout firm Apollo Global Management LLC (APO) has teamed up with regional TV station owner Northwest Broadcasting in its bid to acquire another U.S. TV station owner, Tribune Media Co (TRCO), people familiar with the matter said.

December 02, 2018: Nexstar Media Group Inc has reached an agreement to acquire Tribune Media Co for about $4.1 billion, a deal which would make it the largest local U.S. TV station operator, people familiar with the matter said.

December 03, 2018: Nexstar Media Group, Inc. (NXST) and Tribune Media Company (TRCO) announced today that they have entered into a definitive merger agreement whereby Nexstar (NXST) will acquire all outstanding shares of Tribune Media (TRCO) 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.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.