(TVNewsCheck) Nexstar Media Group this morning reported financial results for the fourth quarter of 2019 that included net revenue of $1.1 billion, up 37.9% from $798 million in the same quarter of 2018. Click here to read more.
(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 […]
(Broadcasting & Cable) Nexstar Media Group reported lower fourth-quarter earnings as the company absorbed last year’s acquisition of Tribune Media. Click here to read more.
(Cablefax) Sinclair and Nexstar said Monday that they have agreed to settle a lawsuit over the terminated Sinclair-Tribune merger, with Sinclair selling a station and making a $60mln payment to Nexstar. Click here to read more.
(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 […]
(The Hollywood Reporter) Sinclair Broadcast Group has settled the lawsuit stemming from its failed $3.9 billion takeover of Tribune Media. Click here to read more.
(Deadline) Station giants Sinclair Broadcast Group and Nexstar Media said Monday they’ve agreed to settle an outstanding lawsuit in a deal that has Sinclair paying out $60 million and transferring ownership of a station in Kentucky. Click here to read more.
(Broadcasting & Cable) Sinclair and Nexstar have settled Tribune’s lawsuit against Sinclair–which Nexstar purchased–over Sinclair’s failure to close its previous deal to buy Tribune. Click here to read more.
(KVEO-TV) Nexstar Media Group Incorporated is pleased to announce that it has acquired the CBS Network affiliate for the Rio Grande Valley Metropolitan area. Click here to read more.
(Radio + Television Business Report) For generations of Philadelphians and for many longtime television industry veterans, the name Lew Klein is one of high reverence. It is because of Klein that American Bandstand is permanently etched into the fabric of U.S. culture. It is also because of Klein, who pioneered the Action News format at […]