GRAND RAPIDS, Mich. (WOOD) — Nexstar Media Group, the corporation that owns WOOD TV8, has reached a deal to buy competing company Tribune MediaCo, CNBC is reporting.
Citing three sources, CNBC reported Sunday that Nexstar would buy Tribune for about $4.1 billion. There has been no official confirmation from Nexstar.
The deal may be officially announced Monday, CNBC said. If it goes through, Nexstar would own more local TV stations than any other company in the country.
Another media corporation, Sinclair Broadcast Group, had reached a $3.9 billion deal to buy Tribune, but that fell through in August.
WXMI (Fox 17) in Grand Rapids is the only station Tribune owns in Michigan, but the company also owns WGN out of Chicago.
Nexstar also owns WLNS in Lansing and WJMN in Marquette.