Nextstar’s planned sale of TV stations draws PE interest: Bloomberg

Private equity firms are circling Nextstar Media Group, which is planning to sell a group of television stations as part of its buy of Tribune Media Co, Bloomberg reported. Cerberus Capital Management and Apollo Global Management LLC, as well as EW Scripps Co, Gray Television Inc, Meredith Corp and Tegna Inc, are interested in the stations, the story said. A formal process is expected to start in coming weeks, Bloomberg said.