Latest in Nexstar

Veteran station executive Don Corsini, a fixture in the Los Angeles TV market who spent the past decade running KTLA-TV as President and General Manager, has informed the station’s staff of his plan to retire at the end of the year. He made announcement at a meeting with employees yesterday, emphasizing that the…

The acquisition of Tribune Media by Nexstar Media Group has created the largest owner of local TV stations, but it also raises new questions about the future of WGN America and a nearly one-third stake in the Food Network. In a conference call Friday with Wall Street analysts to discuss the deal, which closed…

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…

The Federal Communications Commission has given the OK to Nexstar Media Group to acquire Tribune Media, a little more than a year after blocking Sinclair Broadcast Group from buying Tribune. FCC review was the final hurdle the transaction needed to clear. The Department of Justice gave its blessing in July. Nexstar is…

A long-missing broadcast tradition is being brought back to the airwaves. Nexstar TV, which owns 171 stations across the country, said it will return the national anthem segment to begin the broadcast day this fall. The national anthem used to close the day for most television stations back when TV was not a 24/7…

AT&T and Nexstar Media Group, which is poised to become the No. 1 owner of local TV stations in the U.S., have resolved a nearly two-month carriage dispute affecting 120 stations in 97 markets. The companies did not release financial terms but said their new multi-year deal will allow the stations to return to AT&T’s…

Tribune Media, a local station power soon to be acquired by Nexstar Media Group, posted mixed results for its fiscal second quarter. The company, which owns 42 local TV stations and cable network WGN America, reported revenue of $484 million in the period, a shade lower than Wall Street analysts’ consensus forecasts…

More than 100 Nexstar Media stations in 97 markets nationwide went dark on AT&T’s DirecTV, DirecTV Now and AT&T U-verse when the companies’ current contract expired overnight. Each blamed the other for the action. Nexstar, one of the nation’s biggest station owners, said it had offered to extend the existing…

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…