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Tribune Media found another buyer after its last merger was scuttled.Nexstar Media Group announced Monday it will buy Tribune's 42 television stations and cable network in an all-cash .1 billion deal. The merger will form the nation's largest TV station company. Tribune's stock (TRCO) is surging 10% in premarket trading.The acquisition comes four months after Sinclair Broadcast Group's attempted purchase of Tribune was terminated. The two companies are still embroiled in lawsuits over the failed merger, which came under intense scrutiny from government regulators and criticism from public watchdogs.The sheer size of Nexstar will massively enlarge the Texas-based media company. If approved, the combined company will own more than 200 TV stations and cover 39% of US households.Nexstar will now gain a foothold in major markets, including New York, Los Angeles and Chicago for the first time, plus a cable channel (WGN America) and a 31% stake in the Food Network.Nexstar CEO Perry Sook said in a release that the two companies has a "clear path to closing.""Nexstar has long viewed the acquisition of Tribune Media as a strategically, financially and operationally compelling opportunity that brings immediate value to shareholders of both companies," Sook said.The company acknowledged it will have to sell some local TV stations to get approved.The long wait for a buyer is good news for Tribune shareholders: The new deal is a 45% spike in value of its stock compared to its July 16, 2018 closing price when Federal Communications Commission Chair Ajit Pai called for a hearing over the Sinclair-Tribune deal. 1632

Two of the former owners of Toys "R" Us have agreed to pay million to help laid-off employees.Bain Capital and KKR, private equity firms that owned part of the toy retailer, set up a severance fund to pay former workers who lost their jobs when the company closed its stores.The third owner, real estate firm Vornado, did not join the fund, and did not immediately respond to request for comment.MORE: How the Toys 'R' Us closures massively impact?the U.S.Toys "R" Us filed for bankruptcy a year ago with plans to stay in business. But in March the company's creditors forced it to go out out of business, and the 31,000 remaining employees did not get severance payments.Some top executives at Toys "R" Us received bonuses as part of the bankruptcy process. The nation's bankruptcy laws place limits on the severance payments that can be made to laid-off employees, and they give priority to repaying creditors of the bankrupt companies.Had the employees been laid off before the bankruptcy, they would have been entitled to severance pay of up to one week of pay for every year of service.The million severance fund does not come from Toys "R" Us.The fund was set up following negotiations between the private equity firms and various public interest groups that organized the employees, including Organization United for Respect, Private Equity Stakeholder Project and Center for Popular Democracy."This Fund begins to ensure the hard-working people who spent their lives building Toys 'R' Us and making children happy are not left out in the cold," said Marilyn Muniz, a New York-based Toys "R" employee for nearly 20 years.The groups are seeking additional contributions to the fund from Vornado as well as two Toys "R" Us lenders, Solus and Angelo Gordon, which pushed the company to shutdown operations rather than stay in business. Solus did not respond to a request for comment and Angelo Gordon declined to comment.Tracy Forbes, a former employee who lost her job, told CNN Business that she had worked for the company for 31 years, making her way up to store manager of a Babies "R" Us store in Tempe, Arizona. At the time of the bankruptcy filing she figured she would get about seven months of severance if her store shut down. She said she was shocked when she learned the promised severance wouldn't be paid."It was very difficult," she said. "Here in Arizona, unemployment is only 0 a week. It's not even minimum wage. It was rough. I only got by with friends and family helping me out."After about four months she found a job as an assistant manager of a Home Goods store, which pays less than Babies "R" Us. She said she's kept in touch with the employees who used to work with her at Babies "R" Us."Just about everyone has found some kind of work, but it generally took three or four months," she said. "Some aren't earning as much. Some of the lower-level employees have actually found better paying jobs."The fund has hired attorney Kenneth Feinberg to come up with a formula to determine who gets how much money. Feinberg has made a career deciding distribution to victims of events, such as the terrorist attacks on September 11, 2001, and the BP Deepwater Horizon oil spill. He has proposed that payments go to workers who had been with the company at least a year and who made between ,000 and 0,000 in annual income."In order to maximize the impact of available funds, key eligibility requirements and payment parameters had to be instituted," said Feinberg. Payments are expected to start soon after December 15 and be completed by April.The million fund will not cover a full severance plan for the workers. The employee groups estimate that would take million.The proposed payment schedule provides at least 0 to anyone eligible for payments and as much as ,800 to the top earning employees -- those earning more than 0,000 a year who had been with the company for more than 25 years. Those earning more than 0,000 are not eligible to receive payments from the fund.A more typical employee, one who was earning ,000 a year with 10 years of service, would get ,400 under the plan, or about two-and-half weeks of pay.Former employees can go to www.trufinancialassistancefund.com to find out about how much they might get and to comment on the distribution formula. Depending on the comments, the formula might be adjusted before the payments start. 4424

Update: Police said the child admitted the story was a hoax.SAN DIEGO (KGTV) - San Diego Police warned the public Thursday about a kidnapping attempt in City Heights.A man drove up next to the child in the 2700 block of Violet Street about 1 p.m. The location is near Azalea Park and Manzanita Canyon, and several blocks from True Faith Missionary Baptist Church.The man was in a paneled work van with no side windows other than the passenger and driver’s windows.The child’s family reported the incident by driving to the Mid-City Police Substation on Landis St.Police did not provide details of the kidnapping attempt, or further information about the young victim.The man was described as white and possibly in his 40s. 735

UPDATE: Police say they have safely located Reynaldo and Christina Gonzalez.(KGTV) — California Highway Patrol has issued an Amber Alert for a 4-year-old boy and a 35-year-old woman from Los Angeles County.CHP says Reynaldo, 4, and Christina Gonzalez, 35, were abducted on Friday at about 8 a.m. near the Lincoln Heights area of Los Angeles. Officers are currently searching for a silver, 2014 Toyota 4-Runner with the California license plate "7VGY615."Currently, there is no known suspect, according to CHP.Reynaldo is Hispanic with brown hair and brown eyes. He's about 3 feet and 6 inches tall and weighs about 40 pounds. Christina is Hispanic with brown hair and brown eyes. She is about 5 feet and 6 inches tall and weighs about 140 pounds, police say.Anyone who see the described vehicle or the pair is asked to 911 immediately. 843

United Airlines confirmed to ABC News on Tuesday that a dog died on board a flight from Houston to New York on Monday after flight attendants requested that the passengers keep the dog in the overheard storage compartment. According to a Facebook post by passenger June Lara, the dog belonged to a family, which included a young girl, a toddler and their mother on board the flight. Lara claimed that flight attendants said the dog would be safe inside the compartment for three hours during the flight. "This little guy fought hard for his life, filling our flight with his cries until he finally ran out of breath," Lara wrote. "United Airlines does not care about the safety of their furry travelers. This poor family paid 5 for their pet to be murdered in front of them. There is no excuse for the pain this family is suffering."United Airlines told ABC News it takes responsibility for the dog's death, but could not say whether anyone would be disciplined for Monday's incident. "This was a tragic accident that should have never occurred, as pets should never be placed in the overhead bin,” United said in a statement. “We assume full responsibility for this tragedy and express our deepest condolences to the family and are committed to supporting them. We are thoroughly investigating what occurred to prevent this from ever happening again.”According to United Airline policy, dogs are permitted on board flights as long as they are kept inside a kennel, which must fit completely under the seat in front of the customer and remain there at all times. 1603