Latest in local TV

Fox Corp. streaming service Tubi is expanding the live news offering it debuted last fall, adding nearly 80 stations owned by Cox, Hearst, Scripps and Tegna. The 24-hour live feeds will join those of 17 Fox-owned stations and Altice USA’s News 12 New York in a section of the streaming app called News on Tubi. National…

At the end of a record-setting year of news consumption, Amazon Fire TV said local TV stations in 12 U.S. cities will be added to Amazon's news app, with another 90 on deck for 2021. The initial dozen stations are in New York, LA, Philadelphia, Chicago, Dallas, Atlanta, Houston, Miami, Tampa, Boston, San Francisco and…

What started as another dip in the TV nostalgia pool has ended up making waves for NBC as most of its independently owned affiliates are pledging not to air Thursday night’s 30 Rock reunion. The primetime reunion, created by and starring the team behind the original NBC comedy mainstay, including Tina Fey, is…

After years of anticipation, “next-generation” broadcast technology made its full-time debut Tuesday on Las Vegas stations owned by Nexstar Media Group, Sinclair Broadcast Group and E.W. Scripps. Sinclair's NBC affiliate, KSNV, and CW affiliate, KVCW; Nexstar's CBS affiliate, KLAS; and Scripps' ABC station KTNV are…

Nexstar Media Group, the No. 1 owner of local TV stations in the U.S., topped Wall Street’s first-quarter forecasts as advertising momentum before the coronavirus carried the company to a 177% surge in net income. Total revenue in the quarter ending March 31 was $1.09 billion, edging consensus estimates for $1.07…

Tegna issued a preview of its first-quarter results Monday, saying they exceeded internal targets. But the local TV station owner, which is in the midst of a proxy fight with shareholder Standard General, also withdrew guidance for full-year 2020 and also its 2021 outlook, citing uncertainty due to COVID-19. Earnings…

Stocks of the biggest U.S. local TV station owners, among them Nexstar, Sinclair, Tegna and Gray, continue to slump badly as investors recoil from their exposure to a worsening ad market. Even so, one significant player in the station game, Fox Corp., is being touted in some corners as the best-situated U.S. media…

Fox Corp. has bought three TV stations from Nexstar, the top U.S. owner of local stations, in a $350 million transactions that will give the company a position in 14 of the top DMAs. Under the deal, Fox has also agreed to sell Nexstar two stations in Charlotte, NC: Fox affiliate WJZY and MyNetworkTV affiliate WMYT…

Byron Allen’s Entertainment Studios has acquired 11 local TV stations from USA Television for $290 million. The stations serve small to mid-sized cities (spanning markets ranked No. 79 to No. 188 in the U.S.) and have network affiliations with ABC, CBS, NBC and Fox. While the deal’s valuation is a fraction of the…

Nexstar said Thursday it has closed its acquisition of Tribune Media for $7.2 billion, including debt, vaulting to the position of No. 1 owner of local TV stations in the U.S. The deal caps a remarkable rise for a company that consisted of a single radio station barely a generation ago. Sinclair Broadcast Group had…

Tegna stock, which ran up last week after reports of acquisition interest, shed 5% Wednesday after the company revealed it had rebuffed overtures by private equity firm Apollo Global Management. Tegna (a near-anagram of “Gannett”) was originally part of Gannett before the company’s newspaper and TV assets were divided…

Nexstar Media Group, which has grown in just 22 years from a single Pennsylvania radio station into a local TV giant, has reportedly struck a deal to acquire Tribune Media for about $4.1 billion. The acquisition, first reported by Reuters, would vault Nexstar ahead of Sinclair Broadcast Group to make it the top local…