|Bid||45.290 x 800|
|Ask||45.300 x 1400|
|Day's Range||45.25 - 45.42|
|52 Week Range||31.61 - 45.49|
|Beta (3Y Monthly)||0.81|
|PE Ratio (TTM)||6.63|
|Earnings Date||Feb 27, 2019 - Mar 4, 2019|
|Forward Dividend & Yield||1.00 (2.22%)|
|1y Target Est||46.25|
Nexstar Media Group is buying Chicago-based peer Tribune Media Company for about $4.1 billion in cash, making it the largest regional U.S. TV station operator. Fred Katayama reports.
NEW YORK , Dec. 12, 2018 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New York ...
NEW YORK, Dec. 11, 2018 -- The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on.
Tribune Media (TRCO) is seeing positive earnings estimate revisions, suggesting that it could be a solid choice for investors.
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Nexstar general counsel Elizabeth Ryder led the deal with the help of attorneys at Kirkland & Ellis and Wiley Rein.
Cerberus Capital Management and Apollo Global Management LLC, as well as regional broadcasters EW Scripps Co., Gray Television Inc., Meredith Corp. and Tegna Inc., are circling the stations, which could fetch as much as $1 billion, said the people, who asked not to be identified because the details aren’t public. A formal sale process is likely to start in coming weeks and the auction is expected to be completed by the time Nexstar’s merger with Tribune is slated to close in the third quarter of 2019, the people said.
NEW YORK, Dec. 04, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Nexstar Media Group Inc. confirmed it plans to acquire Tribune Media Co. in a deal that would make the company the largest operator of local television stations in the country. Nexstar, based in Irving, Texas, said Monday it will pay $46.50 a share in cash for Tribune Media’s outstanding stock for a total outlay of about $4.1 billion. Nexstar valued the deal at about $6.4 billion including debt.
Nexstar said it would pay $46.50 per share, representing a premium of 15.5 percent to Tribune's closing price on Friday. Tribune shares closed up 11.7 percent at $44.98 on Monday and Nexstar shares closed up 6.9 percent. The value of the deal was in line with a Reuters report on Sunday.
Stocks that moved substantially or traded heavily Monday: Tribune Media Co., up $4.72 to $44.98 The TV station owner agreed to be acquired by Nexstar, four months after a bid from Sinclair Broadcast Group ...
U.S. stocks ended higher Monday after President Trump backed down from threats to impose additional tariffs on Chinese goods for 90 days while the countries work to negotiate a resolution to ongoing trade ...
Do you own shares of Tribune Media Company (NYSE: TRCO)? Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Tribune Media Company (“Tribune Media” or the “Company”) (NYSE: TRCO) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Nexstar Media Group, Inc. (“Nexstar”) (NASDAQ GS: NXST) in a transaction valued at approximately $6.4 billion. Under the terms of the agreement, shareholders of Tribune Media will receive $46.50 in cash for each share of Tribune Media common stock.
NEW YORK, Dec. 03, 2018 -- Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Tribune Media Company (NYSE: TRCO) on behalf of.
Sinclair previously tried to acquire Chicago-based Tribune for $3.9 billion but the deal fell apart.
NEW YORK , Dec. 3, 2018 /PRNewswire/ -- Rowley Law PLLC is investigating potential claims against Tribune Media Company (NYSE: TRCO) and its board of directors for breach of fiduciary duty concerning the ...
Nexstar said it would pay $46.50 per share, representing a premium of 15.5 percent to Tribune Media's closing price on Friday. Tribune shares rose 10 percent and Nexstar shares 3 percent in midday trading. The acquisition comes just three months after Sinclair Broadcast Group Inc's $3.9 billion deal to buy Tribune collapsed over regulatory hurdles.
NEW YORK, Dec. 03, 2018 -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Tribune Media Company (“Tribune” or.
Nexstar is offering to buy Chicago's Tribune Media for about $4 billion Monday, four months after the collapse of a similar bid from Sinclair Broadcast Group. The deal 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. Yet it still must be approved by federal regulators, as well as shareholders. The Sinclair-Tribune deal appeared to be gliding toward approval over the summer until Federal Communications Commission Chairman Ajit Pai said in July that he had "serious concerns" about the deal.
Nexstar is acquiring Tribune with an all-cash offer that values the Chicago-based company at $46.50 a share, the two said in a statement Monday. The deal stands to create a new king of local TV, unseating Sinclair Broadcast Group Inc. Four months ago, Sinclair was forced to abandon its own takeover attempt for Tribune after the $3.9 billion transaction drew the ire of regulators. Nexstar had been interested in Tribune last year before Sinclair had agreed to buy it.
NEW YORK, NY / ACCESSWIRE / December 3, 2018 / WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Tribune Media Co. ("TRCO" ...