IRVING, Texas (WTNH) – The Federal Communications Commission (FCC) officially approved the merger of Nexstar Media Group, Inc. (NASDAQ: NXST) and Tribune Media Company, Inc. (NASDAQ: TRCO) on Monday.
Twenty-one Tribune-owned local television stations in 13 markets where Nexstar already owns stations will be sold as part of FCC regulations.
The merger will create the largest local television broadcast station ownership group. The newly-combined company, after divesting stations, will hold 144 full-power station licenses in 115 markets nationwide.
The merger was initialized in Dec. 2018 when Nexstar agreed to purchase Tribune for $4.1 billion.
About Nexstar Media Group, Inc.
Nexstar Media Group is a leading diversified media company that leverages localism to bring new services and value to consumers and advertisers through its traditional media, digital and mobile media platforms. Nexstar owns, operates, programs or provides sales and other services to 174 full power television stations and related digital multicast signals reaching 100 markets or nearly 39% of all U.S. television households. Nexstar’s portfolio includes primary affiliates of NBC, CBS, ABC, FOX, MyNetworkTV and The CW. Nexstar’s community portal websites offer additional hyper-local content and verticals for consumers and advertisers, allowing audiences to choose where, when and how they access content while creating new revenue opportunities. For more information please visit www.nexstar.tv.
WFLA is owned by Nexstar Media Group, Inc.