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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

Tropical Storm Beta has made landfall on the Gulf Coast of Texas, bringing heavy rain and threats of flooding to the Lone Star state. At least two dozen water rescues were reported in Houston early Tuesday morning. The center of Beta crossed over the southern end of the Matagorda Peninsula at about midnight ET on Tuesday, according to the National Hurricane Center. The storm is expected to follow the shoreline of the Texas Gulf Coast throughout the day on Tuesday and into Wednesday.Flash flood and flood warnings are in effect for areas around Houston and the Texas coast, according to the National Weather Service. 629

VATICAN CITY (AP) — Pope Francis says the Christmas season provides reason for hope amid the difficulties of the coronavirus pandemic. Francis noted during his Sunday blessing that the Vatican’s Christmas tree had gone up this week in St. Peter’s Square, and work is underway to build the life-size Nativity scene next to it. Francis pointed to the tree from his studio window over the square and said such symbols of Christmas “are signs of hope, especially in this difficult period.” He urged the faithful to recall the true meaning of Christmas and lend a hand to the neediest. He said, “there’s no pandemic, there’s no crisis that can extinguish this light.” 670

Two people died early Tuesday morning after attempting to escape from Immigration and Customs Enforcement Agents, according to Delano, California Police.At about 6:54 a.m. Delano Police officers responded to a call about an overturned vehicle.They found an SUV on its roof with two people inside. Investigators found that the vehicle was traveling westbound on Cecil Avenue at a high speed. The driver drove into the dirt shoulder and lost control.The car overturned and hit a pole. Both the male and female occupants were pronounced dead at the scene.Investigators found that before the crash happened, federal ICE agents attempted to pull them over. The driver pulled over but drove away once the agents got out of their car. 745

Two people are dead after a police chase ended in a crash in Cleveland Tuesday morning.A car being chased by Shaker Heights (Ohio) police crashed into a tree at East 151st and Harvard Avenue around 2:20 a.m., according to police.Cleveland police said they believed the car was being chased because it was stolen.This man was walking home and saw part of the chase. He's pretty fired up & worried that innocent people could've been killed. @WEWS pic.twitter.com/VJJuGekjW8— Sarah Phinney (@sarahphinneytv) February 20, 2018 539