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KTLA’s evening “Sky 5” pilot reporter, Tim Lynn is calling it a career tomorrow, saying: In June 1972 I graduated from high school and 18 days later entered the United States Coast Guard, that’s where my journey began. After 4 enlistments and a very long 14 months at the University of California Police Department LA, I joined the Culver City Police Department, transferred to Huntington Beach Police Department, where I retired with a total 30 years in law enforcement to begin a new career in media.
Nexstar has officially announced this morning that it will acquire Tribune Media at a deal valued at $6.4B. Nexstar will acquire the outstanding shares of Tribune for $46.30 a share, valued at $6.4B. The $6.4B amount includes the assumption of Tribune's outstanding debt. Tribune shareholders could received an additional $0.30 a share, per month, if the deal doesn't close by August 31, 2019. The deal is subject to approval from Tribune shareholders. And aside from Nexstar spinning off divested stations to get the greenlight from regulators, Nexstar also said that it might al