Proceeds from retransmission consent drove a 3% increase in revenue for Tribune Media in the first quarter, but the company also saw a 3% gain in expenses due to higher network affiliate fees. The quarterly report is likely one of its last as a stand-alone company. Nexstar Media’s pending $4.1 billion acquisition of…

Nexstar Media Group, whose pending deal to acquire Tribune Media will make it the No. 1 owner of local TV stations in the U.S., said it is selling off 19 stations in 15 markets, a move that will net the company $1.32 billion in cash. Rival station groups Tegna and E.W. Scripps are acquiring the stations. Nexstar said…

Tribune Media shareholders overwhelmingly approved the company’s plan to be acquired by Nexstar Media Group during a special meeting today. The $4.1 billion proposal won the OK of more than 95% percent of the votes cast by the Company's Class A common stockholders and Class B common stockholders, who voted as a single…

Nexstar, which has grown from a single radio station 23 years ago into what will soon be the No. 1 owner of local TV stations in the U.S., reported record revenue of $798 million in the fourth quarter. Boosted by political ad spending, which was more than triple the level of the 2014 mid-term elections, total revenue…

Adding to the annual holiday-season angst around pay-TV carriage deals, Tribune Broadcasting stations are advising some 6 million subscribers to Charter’s Spectrum cable service of a possible blackout. Tribune said 33 stations in 24 markets could go dark across Spectrum systems if a deal cannot be reached by midnight…

UPDATED with closing stock prices. After a nearly two-year odyssey of waiting for its acquisition ship to come in, Tribune Media is getting full credit from Wall Street for finally finding a home with Nexstar Media. After the companies’ $4.1 billion combination was announced this morning, Tribune stock jumped nearly…

Nexstar has confirmed its $4.1B acquisition of Tribune Media – making it the top local TV station owner in the U.S. and expanding its reach by 50%. The merger, worth $6.4 billion including the assumption of debt, will see Nexstar acquire all outstanding shares of Tribune Media for $46.50 per share in cash. The…

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…

As New Fox moves its flagship broadcast network toward a programming lineup dominated by live sports, one analyst wonders if it could come to view the traditional relationship between the network and its local affiliates as expendable. “I’m concerned that the move by Fox to go toward more of a national sports play, at…

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…

Sinclair Broadcast Group and Nexstar Media Group said today that they will share airwave spectrum in 43 markets where they both have stations to promote a transition to a new broadcast standard — ATSC 3.0 — that supporters say could revolutionize over-the-air TV. The new standard will make it easier to meld 4K…

Fox Broadcasting can relax about its ability to reach audiences in markets with affiliates owned and controlled by Nexstar Media Group. The companies just extended their affiliation agreements to the end of 2019 — adding provisions that empower Fox to negotiate deals with streaming services that include the local…