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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: 5, Insightful) by ilsa on Thursday December 06 2018, @07:43PM (3 children)
I don't understand why these media companies are being allowed to grow so large. Hasn't Murdock taught enough of a lesson of the dangers of media conglomerates?
(Score: 3, Interesting) by realDonaldTrump on Friday December 07 2018, @10:04AM (2 children)
1996. My friend Bill Clinton said, "oh, let's grow the economy!" Like a plant. By the way, marijuana, in those days, was totally illegal. He saw that we had too many TINY companies -- not efficient. Too much competition was keeping them from growing. So he signed Telecommunications Act. The companies grew tremendously. And they're growing even faster now. Because of me. Because I cut their taxes MASSIVELY. And I'm working very hard to make sure our great companies can compete globally.
While CNN doesn’t do great in the United States based on ratings, outside of the U.S., they have very little competition. Throughout the world, CNN has a powerful voice portraying the United States in an unfair and false way. Something has to be done, including the possibility of the United States starting our own Worldwide Network to show the World the way we really are, GREAT!
(Score: 2) by Runaway1956 on Friday December 07 2018, @03:10PM (1 child)
You've posted some stupid shit here. None of us are real sure how much of that stupid shit you intended to be taken seriously. But, THIS is purely moronic. Please, give it a break.
(Score: 3, Interesting) by realDonaldTrump on Friday December 07 2018, @06:08PM
Our amazing Farmers are so happy they voted for me. They are so lucky that I gave them that privilege. Because we are streamlining regulations that have blocked cutting edge biotechnology, setting free our farmers to innovate, thrive and to grow. But, they don't want to grow weeds. They can grow weeds, or they can grow their delicious Crop. Competition, it's very bad for our plants. So they put the Weed Killer. The Roundup, the Dicamba -- so many more. To kill those HORRIBLE weeds, so important. As everybody knows. And Bill saw that our Media Companies are like those plants. Too many little Companies choking out the big, beautiful ones. Until Bill fixed that one. Thank you, Bill!!!!