Today the FCC approved the merger between Nexstar and Tribune. This $6.4 Billion deal would merge Tribune’s ABC, CBS, FOX, and NBC stations into Nexstar. Last month, the DOJ approved the sale of Tribune-owned locals to Nexstar as long as Nexstar sells one or more local stations in 13 markets. Now with the FCC’s approval, the merger is taking a massive step forward to becoming a reality.
In a statement posted on its website the FCC said:
The Commission found that the proposed merger would provide several public interest benefits to viewers of current Tribune and Nexstar stations. For example, viewers would benefit from their local stations having increased access to Nexstar’s Washington, DC, news bureau and state news bureaus. Additionally, Nexstar demonstrated that it would invest savings resulting from the merger into its stations, including investments in ATSC 3.0, the next-generation television broadcast standard.
As part of the DOJ merger, Nexstar will be selling some locals. This means one or more of your local TV stations may be sold as part of this deal if you live in the following areas:
Davenport, Iowa; Des Moines, Iowa; Ft. Smith, Ark.; Grand Rapids, Mich.; Harrisburg, Penn.; Hartford, Conn.; Huntsville, Ala.; Indianapolis; Memphis; Norfolk, Va.; Richmond, Va.; Salt Lake City Ut; and Wilkes-Barre, Penn.
For now, the deal between Nexstar and Tribune is not final and one of the last major obstacles has not been cleared as the two companies move closer to a merger.
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