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S&P withdraws Tribune ratings following Nexstar deal completion

S&P Global Ratings on Sept. 25 withdrew all of its ratings on Tribune Media Co. following the completion of the company's acquisition by Nexstar Media Group Inc.

The ratings withdrawn include the BB- issuer credit rating. The acquisition resulted in the repayment of all of Tribune's debt.

Nexstar Media Group completed the acquisition of Tribune in an accretive transaction valued at about $7.2 billion.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. Descriptions in this news article were not prepared by S&P Global Ratings.