Latest in Media General

Nexstar Media Group, the second-biggest local TV station group, reported record earnings for the third quarter, with revenue soaring 64% over the year-earlier quarter to $42 million and total revenue more than doubling to $612 million. The results exceeded Wall Street analysts’ expectations. Chairman, president and…

That’s a wrap for Media General: Nexstar Broadcasting completed its $4.6 billion cash-and-stock acquisition of the TV station owner today, just 10 days shy of the one-year anniversary of when they announced the deal. Nexstar — now calling itself Nexstar Media Group — also announced that it fulfilled terms of an…

Updated with Nexstar comment: Nexstar Broadcasting has the all-clear for its $4.6 billion acquisition of Media General after the FCC said this morning that it approved the deal — waiving a ban on transactions while the agency conducts an auction of broadcasters’ airwave spectrum. The companies overcame Justice…

Nexstar Broadcasting’s shares are up more than 2% today after the Justice Department said it will approve the company’s $4.6 billion acquisition of Media General once it divests seven TV stations. "As originally structured, this transaction would have given Nexstar the power to impose higher prices on local and…

Dish Network subscribers don’t have to worry about losing about 70 Media General-owned stations in 48 markets. The companies just agreed on a new carriage deal following weeks of extensions in their talks to replace the arrangement that expired last night. No word about the terms. But Media General says that it “has…

Daytime entertainment news and variety show Hollywood Today Live will return for a second season on Media General and Fox Television Stations. In addition, Garcelle Beauvais (The Jamie Foxx Show, NYPD Blue) has joined as co-host alongside Ross Mathews, Kristen Brockman, Tanner Thomason and red-carpet correspondent…

Cox Communications seems to have struck a raw nerve at Nexstar today as the companies approach tomorrow’s expiration of their five-year-old retransmission consent deal. Both sides warn that if there’s no resolution, the broadcaster’s stations could go dark on the cable service in nine markets including Las Vegas…

Forget Media General’s merger deal with Meredith. After months of negotiations, this morning it found a way to scrap that deal and accept $4.6 billion in cash and stock from Nexstar Broadcasting to create a local TV behemoth with 171 full power stations in 100 markets. The deal is expected to close in the fall…

TV viewers in Raleigh, NC — the No. 25 market with about 1.1 million households — will have to turn to different stations to find CBS and NBC programming beginning February 29. Capitol Broadcasting’s WRAL is switching its affiliation from CBS to NBC, and Media General’s WNCN will flip from NBC to CBS. Neither side…

Media General isn’t saying “yes” to Nexstar’s $2.1 billion cash-and-stock offer. But it isn’t saying “no” to the suitor that wants to turn the companies into the nation's No. 2 TV station owner. In a response to Nexstar CEO Perry Sook’s statement this morning saying his bid is “at the limits of reasonable,” the Media…

Nexstar hasn’t persuaded Media General directors to accept its merger proposal, potentially creating the nation’s No. 2 TV station owner. Now it wants Media General shareholders to get involved. The companies have reached an “impasse,” Nexstar says this morning, after the broadcaster raised its cash and stock offer to…

Media General has given its response to Nexstar’s $1.9 billion cash and stock acquisition proposal and it’s: not yet. The Media General board rejected the offer but agreed to negotiate after concluding that it could do so without violating its $2.4 billion cash-and-stock deal to buy Meredith. That pact “allows the…