Tribune shareholders approved the merger that is part of its transaction to go private.
A special shareholders meeting gave 97 percent approval.
Dennis FitzSimons, chairman, president and chief executive officer, said he expects the deal to close in the fourth quarter.
The media company’s holdings include WGN(AM).
Regulators haven’t had their say yet, but it’s clear where Sirius and XM shareholders stand on the proposed merger.
Sirius Shareholders, Debt-holders Approve Re-Cap
The game of speculating if and when a satellite merger will be approved continues.
Tribune completed its going-private transaction and also added Randy Michaels to a key executive post.
American Values called on the FCC to approve the satellite merger, citing the combined company’s “block and rebate” offering and its benefit to American families.
Shareholders of both XM and Sirius Satellite Radio will vote Nov. 13 on the proposed merger. Regulators are still reviewing the deal.
Karmazin: Job cuts will total 22 percent of its work force by year's end
Company completes its going-private merger with private equity.