Updated 10:40 am CDT, Wednesday, March 20, 2019 Nexstar is selling 19 television stations for $1.32 billion as part of its buyout deal with Tribune Media. Nexstar is selling 19 television stations for $1.32 billion as part of its buyout deal with Tribune Media. Image 1 of / 50 Caption Close Image 1 of 50 Nexstar is selling 19 television stations for $1.32 billion as part of its buyout deal with Tribune Media. Nexstar is selling 19 television stations for $1.32 billion as part of its buyout deal with Tribune Media. Texas-based Nexstar Media selling 19 TV stations for $1.32 billion 1 / 50 Back to Gallery IRVING, Texas (AP) — Nexstar is selling 19 television stations for $1.32 billion as part of its buyout deal with Tribune Media. Nexstar agreed in December to buy Chicago's Tribune Media for about $4 billion. Part of that agreement requires Nexstar to sell … [Read more...] about Texas-based Nexstar Media selling 19 TV stations for $1.32 billion
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By Liana B. Baker and Greg Roumeliotis NEW YORK (Reuters) - Apollo Global Management LLC is nearing a roughly $3 billion (2.32 billion pounds) agreement to acquire Cox's TV stations, the biggest in a series of deals the private equity firm is lining up to become a force in U.S. broadcasting, according to sources familiar with the matter. Cox Media Group and Apollo are also discussing some joint venture agreements for Cox’s broadcast station in Atlanta, where Cox is headquartered and also has radio stations, the sources said. There may be other cities where the companies decide tohave joint ventures, the sources added. An agreement between Apollo and Cox could be announced later this week, the sources said, asking not to be identified because the matter is confidential. As with any negotiations, talks could always fall apart at the last minute, the people cautioned. Apollo is also a bidder for a portfolio of stations that Nexstar Media Group Inc plans to shed following its $4.1 … [Read more...] about Exclusive: Apollo nears $3 billion deal to buy Cox TV stations
IRVING, Texas -- Nexstar offered to buy Chicago's Tribune Media for about $4 billion Monday, four months after the collapse of a similar bid from Sinclair Broadcast Group. The deal would make Nexstar, whose stations reach nearly 39 percent of all U.S. television households, the biggest operator of local TV stations in the U.S. The merger agreement must still be approved by federal regulators, as well as shareholders. The former is no sure bet: The Sinclair-Tribune deal had appeared to be gliding toward approval over the summer until Federal Communications Commission Chairman Ajit Pai said in July that he had "serious concerns" about the deal. Sinclair had agreed to shed almost two dozen of its own stations to score approval by the FCC. But Pai said Sinclair might still be able to operate the stations "in practice, even if not in name." Tribune Media owns or operates 42 local TV stations that reach 50 million households, as well as the national network WGN. It also has a … [Read more...] about Nexstar, Tribune Media in $4 billion deal to be biggest group of local TV stations in U.S.
SECTIONS Search E-edition Home News All News Business Communities Counties Crime Education Lexington Most Wanted Nation/World News Photos News Videos Politics Searchable Databases State Watchdog Columns Tom Eblen Sports All Sports UK Sports College Sports Next Cats Recruiting High School Horses Kentucky Speedway Lexington Legends Reds MLB NBA NASCAR NFL Sports Photos Sports Videos Columns John Clay's Columns Mark Story Next Cats Recruiting UK Sports All UK Sports Next Cats Recruiting Baseball Basketball - Men Basketball - Women Recruiting Ex-Cats Football UK Photos UK Videos More UK Sports Columns John Clay's Blog Mark Story Politics Politics Elections Entertainment All Entertainment Books Celebrities Comics Puzzles & Games Events … [Read more...] about Barr demands TV stations take down attack ad by veterans group supporting McGrath
On Thursday, July 19 and Monday, July 23 three local television channels are moving to different frequencies. This includes WLVT-TV, WFMZ-TV, and WTVE. The frequency adjustment is coming from the FCC’s Broadcast Incentive Auction. The goal of this auction was to clear some of the airways to make room for wireless service providers. Those who didn’t participate in the auction – nearly 1,000 TV stations across the country – have been required by the FCC to change frequencies. This change will affect those who watch TV for free with an antenna. It does not affect cable or satellite. However, with so many people cord cutting, this modification will affect 77 million people across the country. Once the change has taken place, you will need to rescan your TV or converter box in order to access these channels. Twenty stations in Philadelphia will be affected between now and 2020, with the last change taking place on May 1, 2020. Below is a comprehensive list of … [Read more...] about Local TV stations are changing channels