Tag: Tribune
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Nexstar is Selling 19 OTA TV Stations For $1.32 Billion in Cash
Recently Nexstar completed its purchase of Tribune-owned TV stations for $6.4 billion. Now Nexstar has announced that they are selling off 19 TV stations in 15 markets for $1.32 billion. With this deal, Tenga will purchase 11 of the TV stations in 8 markets for $740 million. The E.W. Scripps Co. will purchase 8 TV…
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YouTube TV is Adding Tribune ABC, CBS, FOX, & NBC Stations That Are Now Owned By Nexstar
Earlier this week YouTube TV started to add new local TV stations with the addition of some old Tribune stations now owned by Nexstar. Now it seems that YouTube TV is using its deal with Nexstar to slowly add all the old Tribune stations that it previously didn’t have a contract for. This will likely…
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Nexstar Has Closed its Deal to Buy Tribune Owned ABC, CBS, FOX, & NBC Locals
Your local TV station may soon have a new owner. Today Nextstar Media Group has closed on its purchase of Tribune Media Company for $6.4 billion. This deal will add more than 40 stations including KTLA in Los Angeles, WPIX in New York and WGN-TV in Chicago to Nexstar’s list of locals. (Note WGN-TV has…
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The FCC Has Approved The Merger Between Nexstar & Tribune Owned ABC, CBS, FOX, & NBC Locals
Today the FCC approved the merger between Nexstar and Tribune. This $6.4 Billion deal would merge Tribune’s ABC, CBS, FOX, and NBC stations into Nexstar. Last month, the DOJ approved the sale of Tribune-owned locals to Nexstar as long as Nexstar sells one or more local stations in 13 markets. Now with the FCC’s approval,…
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The DOJ Approves Nexstar’s Purchase of Tribune-Owned ABC, CBS, FOX, & NBC Locals with Conditions
In December, Nexstar announced a deal to buy Tribune’s ABC, CBS, FOX, and NBC stations for $6.4 billion. Today, the DOJ approved the sale of Tribune-owned locals to Nexstar as long as Nexstar sells one or more local stations in 13 markets. “Without the required divestitures, Nexstar’s merger with Tribune threatens significant competitive harm to…
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Nexstar Plans to Sell 14 Stations in Order to Buy Tribune
This 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…
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Nexstar is Buying Tribune’s ABC, CBS, FOX, & NBC Stations For $6.4 Billion
Your local TV station may soon have a new owner. Today it was announced that Nextstar Media Group will be buying the Tribune Media Company for $6.4 billion. This deal will add more than 40 stations including KTLA in Los Angeles, WPIX in New York and WGN-TV in Chicago to Nexstar’s list of locals. (Note WGN-TV has…
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Sinclair is Counter Suing Tribune
As of a few weeks ago, the highly anticipated Sinclair and Tribune TV merger is dead. Now both companies are seeing each other as the fight over who is responsible gets started. A few weeks ago Tribune filed a lawsuit against Sinclair. According to the lawsuit Sinclair “committed to use its reasonable best efforts to obtain regulatory approval…
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PlayStation Vue is Re-adding Tribune Owned FOX Affiliates
Back on December 15, 2017, PlayStation Vue dropped Tribune-owned Fox affiliates around the United States. Sadly, this happened just before the NFL playoffs started. The good news is it looks like PlayStation Vue has started to re-add the locals today. A few hours ago we started to get reports that PlayStation Vue has started to…
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As Cord Cutting Grows Private Equity Firms Are Looking to Local TV Stations
The growth of cord cutting has not gone unnoticed by private equity firms. According to a CNBC story, groups like Apollo, Blackstone, and Providence are looking into buying local TV stations. According to the report, private equity firms are looking to buy stations owned by Nexstar Media Group, Tribune Media, and Sinclair Broadcasting Group. They…