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Post 251 made on Wednesday January 18, 2017 at 16:06
Advanced Member
April 2014
From this day forward, Nexstar Broadcasting Group will be known as Nexstar Media Group, now the owner of WIVB-DT 4 BUFFALO.The name change coincides with Nexstar closing on its acquisition of Media General for $4.6 billion in cash and stock just six days after winning FCC approval.The deal swells Nexstar’s portfolio to 171 full-power stations in 100 markers covering nearly 39% of TV homes. The new stations include 15 in the top 50 markets.Those numbers would be higher, except that Nexstar had to spin off 13 stations for $548 million to comply with FCC ownership limits.“The focus of our corporate, station-level and digital teams on local leadership, local vision and local targeting is the foundation of our positive near- and long-term financial outlook.” - Nexstar CEO Perry Sook
By Harry A. Jessell  / TVNewsCheck, January 17, 2017 5:51 PM EST


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