Nexstar in the News

Giant Nexstar Emphasizes Local News: Q4 Profit Dips, Sales Surge After Tribune Merger

(Deadline) The nation’s biggest television broadcaster Nexstar Media Group Wednesday reported net income dipped 26% on a 39% jump in revenue in the fourth quarter spurred by its acquisition of Tribune Broadcasting last fall. CEO Perry Sook said the combined company is focused on slashing debt and expanding local news and anticipated a wave of […]

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Robservations: Sinclair settles Tribune Media lawsuit for $60 million

(Robert Feder) Sinclair Broadcast Group has finally closed the book on its bungled attempt to take over Tribune Media. In 2017 Sinclair sought to buy Tribune Media’s 42 television stations and other properties for $3.9 billion before the deal ran afoul of the FCC for what was called “misrepresentation and/or lack of candor.” Click here […]

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