Tribune Stockholders Approve Nexstar Merger
Tribune Media Co. announced that at a special meeting held Tuesday, that the stockholders of the company voted overwhelmingly to approve the company’s previously announced acquisition by Nexstar Media Group.
More than 95% of the votes cast by the company’s stockholders were to approve the merger.
“We’re extremely pleased with today’s vote,” said Peter Kern, Tribune chief executive officer. “It confirms that our stockholders clearly recognize the significant value we expect to be delivered by this merger. We look forward to continuing our work with Nexstar to obtain the necessary regulatory approvals that will enable us to close this transaction later this year.”