Tribune Co. (TRBMF.PK), Meredith (MDP), Sinclair Broadcast Group (SBGI) and Nexstar Broadcasting...
Tribune Co. (TRBMF.PK), Meredith (MDP), Sinclair Broadcast Group (SBGI) and Nexstar Broadcasting Group (NXST) are among those expected to bid for some or all of Local TV's 19 television stations, which are forecast to attract $2-2.5B in an auction. The final offers are due in today. The sale is the latest in a series of transactions involving TV broadcasters in the wake of rising fees, with Gannet last week agreeing to acquire Belo for $1.5B plus debt.
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