CHICAGO, Sept. 16, 2019 /PRNewswire/ -- Tribune Media
Company (NYSE: TRCO) issued the following statement regarding
today's announcement by the Federal Communication Commission that
it has approved the acquisition of the company by Nexstar Media
Group, Inc. (NASDAQ: NXST) and Nexstar's divestiture of local
television stations to TEGNA, Inc. (NASDAQ: TGNA), The E.W. Scripps
Company (NASDAQ: SSP) and Circle City Broadcasting I, Inc.
"We're very pleased with today's decision by the FCC, which
enables us to clear the last remaining regulatory hurdle in our
path," said Peter Kern, Chief
Executive Officer of Tribune Media Company. "We look forward
to closing our transaction with Nexstar very soon."
Tribune Media Company (NYSE: TRCO) is home to a diverse
portfolio of television and digital properties driven by quality
news, entertainment and sports programming. Tribune Media is comprised of Tribune Broadcasting's
42 owned or operated local television stations reaching
approximately 49 million households, national entertainment cable
network WGN America, whose reach is more than 75 million
households, Tribune Studios, and a variety of digital applications
and websites commanding 49 million monthly unique visitors online.
Tribune Media also includes
Chicago's WGN-AM and the national
multicast networks Antenna TV and THIS TV, and Covers Media Group,
an unrivaled source of online sports betting information.
Additionally, the Company owns and manages a significant number of
real estate properties across the U.S. and holds a variety of
investments, including a 31% interest in Television Food Network,
G.P., which operates Food Network and Cooking Channel. For more
information please visit www.tribunemedia.com.
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SOURCE Tribune Media Company
