Nexstar Plans to Sell 14 Stations in Order to Buy Tribune





Watching tv and using remote control

Watching tv and using remote controlThis week Nexstar announced plans to sell 14 stations according to an FCC filing. This is part of a $6.4 billion deal to buy Tribune’s ABC, CBS, FOX, and NBC stations. This deal will add more than 40 stations to Nexstar’s list of locals including KTLA in Los Angeles, WPIX in New York, and WGN-TV in Chicago. (Note: WGN-TV has been up for sale separately and, at the time of this posting, its inclusion is uncertain.)

To help avoid any anti-trust issues, Nexstar announced plans to sell 14 stations starting with WTKR-TV, Norfolk, Va.; WGNT-TV, Portsmouth, Va.; and WNEP-TV, Scranton-Wilkes-Barre, Pa.

Nexstar will also need to find ways to address issues with overlapping markets where Nexstar and Tribune both own stations: Davenport, Iowa; Des Moines, Iowa; Ft. Smith, Ark.; Grand Rapids, Mich.; Harrisburg, Pa.; Hartford, Conn.; Huntsville, Ala.; Indianapolis, In.; Memphis, Tenn.; Richmond, Va.; and Salt Lake City, Utah.

When the deal was first announced, Perry Sook, chairman, president, and CEO of Nexstar, commented, “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. We have thoughtfully structured the transaction in a manner that positions the combined entity to better compete in today’s rapidly transforming industry landscape and better serve the local communities, consumers and businesses where we operate. As with our past transactions, we have developed a comprehensive regulatory compliance plan and believe we have a clear path to closing. With committed financing and a plan for significant synergy realization that will result in only a minimal increase in Nexstar’s pro-forma leverage, the combined entity will be poised for growth, leverage reduction and increased capital returns for shareholders.”

For now, the deal if far from done, but Tribune and Nexstar seem to be working hard to make the deal a reality.

Did you know we have a YouTube Channel? Every week we have a live Cord Cutting Q&A, and weekly Cord Cutting recap shows exclusively on our YouTube Channel!

Please follow us on Facebook and Twitter for more news, tips, and reviews. Need cord cutting tech support? Join our Cord Cutting Tech Support Facebook Group for help.

Disclaimer: To address the growing use of ad blockers we now use affiliate links to sites like, streaming services, and others. Affiliate links help sites like Cord Cutters News, stay open. Affiliate links cost you nothing but help me support my family. We do not allow paid reviews on this site. As an Amazon Associate I earn from qualifying purchases.

Subscribe to Our Newsletter

* indicates required

Please select all the ways you would like to hear from :

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp’s privacy practices here.