Tribune Media finds its buyer

[Bob Jersey]

And it's Nexstar, which already owns or operates a slew of stations (two in Scranton, PA)... $4.1 billion, plus over $2B in debt.

Stations in at least 13 markets will be divested to satisfy Federal rules, and post-divestiture Fox has designs on a few of 'em. The deal also includes Trib's minority stake in Food Network.

Variety (link)

B

[Bob Jersey]

Moi, 12/4/18:

And it's Nexstar, which already owns or operates a slew of stations (two in Scranton, PA)... $4.1 billion, plus over $2B in debt.

Stations in at least 13 markets will be divested to satisfy Federal rules, and post-divestiture Fox has designs on a few of 'em. The deal also includes Trib's minority stake in Food Network.

Variety (link)

WPIX, once the deal closes, will get spun off with seven other stations to Scripps, while Tegna will receive 11 stations including one in Scranton and one in Harrisburg, our capital.

https://variety.com/2019/biz/news/tegna-nexstar-11-stations-740-million-1203167775/ (link)

B

[Bob Jersey]

Moi, March 24 this year:

Candyman approves deal prettymuch as is...

https://docs.fcc.gov/public/attachments/DOC-359677A1.pdf (link)

B

[Mark Jeffries]

And Nexstar is expected to sell off WGN Radio in Chicago and the WGN America cable channel.  I suspect that the radio station will go to iHeart, since they have room to pick up an AM station in Chicago.  Basically, expect all of their rightwing talk hosts that are currently on WLS and WIND to move to WGN.  As for the cable channel, your guess is as good as mine, but if Sinclair still wants to go up against Fox News with the least likely audience to cut the cord (unless a conservative news channel pops up on OTA subchannels), well, this is their opportunity.

Mark Jeffries
Saints Spotlight Editor
spotl...@gmail.com

--
You received this message because you are subscribed to the Google Groups "TVorNotTV" group.
To unsubscribe from this group and stop receiving emails from it, send an email to tvornottv+...@googlegroups.com.
To view this discussion on the web visit https://groups.google.com/d/msgid/tvornottv/d2e46329-c7ba-48c1-b960-8a3e13a81059%40googlegroups.com.