Texas-based Nexstar may become the nation's largest local TV station owner after announcing a $6.4 billion deal to acquire Tribune's 42 stations. This deal now creates the largest commercial TV Broadcaster in the #USA.
The CEO's kindler, gentler approach towards the FCC and other regulators will see an intensified public relations blitz in securing federal approval of the Texas-sized takeover.
The publicly traded telecommunications company consists of 91 television stations across America, most of which are affiliated with one of the four major US television networks located in small to medium-sized markets. The group also operates all of the stations owned by Mission Broadcasting, under local marketing agreements. As they like to say, don't mess with Texas.
Exclusive: Nexstar clinches $4.1 billion deal to acquire Tribune Media - sources https://reut.rs/2Rt8sYb
Nexstar to become the nation’s largest owner of TV stations: report http://hill.cm/da3Os63
Irving-based Nexstar to become nation's largest TV station operator with $6.4 billion deal https://www.dallasnews.com/business/mergers-and-acquisitions/2018/12/03…
Tribune Media may sell out to rival Nexstar, creating TV station-owning behemoth http://gizmo.do/ftoNJ7i
Nexstar Confirms $4.1B Tribune Media Acquisition To Become Leading Local TV Station Owner https://deadline.com/2018/12/nexstar-tribune-media-acquisition-12025126… …
U.S. broadcaster Nexstar to buy Tribune Media for $4.1 billion https://reut.rs/2zGswzh