Nexstar Acquires BestReviews from Tribune Publishing
December 16, 2020
Nexstar Inc., a subsidiary of Nexstar Media Group, agreed to acquire BestReviews LLC from Tribune Publishing Company and BR Holding Company, Inc. for $160 million in cash. Tribune owned 60% and the founders (BR Holding) owned 40%; the deal strengthens Nexstar's digital content and commerce capabilities and is expected to close following customary approvals.
- Buyers
- Nexstar Inc. (Nexstar Media Group, Inc.)
- Targets
- BestReviews LLC
- Sellers
- Tribune Publishing Company, BR Holding Company, Inc.
- Industry
- Media & Entertainment
- Location
- Nevada, United States
- Transaction Type
- Divestiture
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