Posts Tagged ‘Nexstar Media Group’

Nexstar Closes on Media General purchase, what’s next?

(edited from TVNewsCheck.com) – From this day forward, Nexstar Broadcasting Group will be known as Nexstar Media Group.

The name change coincides with Nexstar closing on its acquisition of Media General for $4.6 billion in cash and stock just six days after winning FCC approval.

 The deal swells Nexstar’s portfolio to 171 full-power stations,  in 100 markers covering nearly 39% of TV homes. The new stations include 15 in the top 50 markets.

Florida stations involved in the deal include WFLA/WTTA – Tampa, WMBB – Panama City and WKRG/WFNA – Mobile/Pensacola. Jacksonville’s WCWJ was divested and sold to Graham Media Group, earlier in the year to ensure that the merger deal went through. Read the rest of this entry →

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