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The FCC today approved the merger between Nexstar and Tribune. This $ 6.4 billion transaction would merge Tribune's ABC, CBS, FOX and NBC with Nexstar. Last month, the GM approved the sale of Tribune-owned premises to Nexstar, provided that Nexstar sells one or more local stations in 13 markets. Now, with the approval of the FCC, the merger is taking a big step forward to become a reality.
In a statement posted on its website, the FCC said:
The Commission concluded that the proposed merger would provide a number of public benefits to viewers at the current Tribune and Nexstar stations. For example, viewers would benefit from having their local channels gain greater access to Nexstar's news and press offices in Washington, DC. In addition, Nexstar has demonstrated that it will invest in its stations the savings resulting from the merger, notably in ATSC 3.0, the next-generation television broadcast standard.
As part of the DOJ merger, Nexstar will sell premises. This means that one or more of your local TV channels may be sold under this agreement if you reside in the following areas:
Davenport, Iowa; Des Moines, Iowa; Ft. Smith, Ark .; Grand Rapids, Mich .; Harrisburg, Penn .; Hartford, Conn .; Huntsville, Al .; Indianapolis; Memphis; Norfolk, Virginia; Richmond, Virginia; Salt Lake City Ut; and Wilkes-Barre, Penn.
For the moment, the agreement between Nexstar and Tribune is not final and one of the last major hurdles has not been lifted, the two companies coming closer to a merger .
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