Tribune Media Co. has issued the following statement regarding the announcement by the Federal Communication Commission that it has approved the acquisition of the company by Nexstar Media Group Inc. and Nexstar's divestiture of local television stations to TEGNA Inc., The E.W. Scripps Co. 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," Tribune Media Co. CEO Peter Kern said in the statement. "We look forward to closing our transaction with Nexstar very soon."
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.