Tribune Media

The media haves and have nots

Typewriter illustration
Illustration: Rebecca Zisser/Axios

Local media consolidation and the rise of paywalls, both meant to combat a bleak ad outlook, could deepen the growing divide between America's information consumer haves and have nots.

Driving the news: Nexstar Media Group has agreed to acquire Tribune Media for $4.1 billion, as first reported by Reuters and confirmed by Axios' Dan Primack. This would make Nexstar the largest owner of U.S. local television stations.

Tribune Publishing gets acquisition bids from McClatchy, Donerail

Building front of Chicago Tribune.
Photo: Scott Olson/Getty Images.

Investment firm Donerail Group and newspaper publishers McClatchy Co. and AIM Media submitted bids Thursday for Tribune Publishing Co., according to Bloomberg.

The big picture: In August, Donerail was in talks with then-Tronc, which owns several publications including the New York Daily News, Baltimore Sun and Hartford Courant, about a potential acquisition. Tribune’s board is scheduled to meet early next week. Go deeper: Tribune Media sells Long Island property for $54.5 million; Tronc reverts back to its old name after years of ridicule

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