"The premium value our shareholders are receiving reflects the hard work of our dedicated Tribune employees in maximizing the value of our portfolio. I look forward to working closely with the Nexstar team to deliver on the value of this compelling combination and to ensure a smooth transition and integration of our companies," said Kern in a statement. Nexstar's $46.50 per share offer, which includes Tribune's outstanding debut, marks a 45% premium over Tribune's stock price from July 18 when the FCC essentially nixed the Sinclair deal by announcing a hearing designation order to the plans. Of course, Nexstar will have to clear the same regulatory hurdles that tripped up Sinclair's deal if it wants to own Tribune. In Sinclair's case, issues arose from certain station divestiture plans.