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from the 4th-estate-becoming-a-plantation dept.
Nexstar buys Tribune in $4.1 billion deal
Nexstar Media Group announced Monday it will buy Tribune's 42 television stations and cable network in an all-cash $4.1 billion deal. The merger will form the nation's largest TV station company. Tribune's stock (TRCO) is surging 10% in premarket trading.
[...] The 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.
See also: ACA: Without Conditions, Nexstar-Tribune Should Be Nixed
Nexstar, Tribune TV deal poses test for Trump regulators
Nexstar Attracts Interest for Stations Sale That's Part of Tribune Deal
Previously: FCC Reopens its Review, Solicits Public Comments on Sinclair-Tribune Merger Until 2018-07-12
FCC Chairman Defends Decision to Refer Sinclair-Tribune Deal to Administrative Law Judge
Trump Criticizes FCC for Moving to Block Sinclair-Tribune Merger
Tribune Media Withdraws from Sinclair Merger; Sues for $1 Billion
(Score: 2, Interesting) by realDonaldTrump on Thursday December 06 2018, @04:08PM
And they say everything in Texas is huge. Right? This will be a huge one, folks. One of the greats -- if we approve. So sad and unfair that the FCC wouldn't approve the Sinclair Broadcast merger with Tribune. They sent that one to the Administrative Law Judge. After approving much bigger Fake News NBC & Comcast. Need much better people at FCC!!!