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Nexstar, Tribune TV deal poses test for Trump regulators

U.S. Capitol in Washington, D.C.

By Harper Neidig, The Hill

Nexstar Media Group’s deal to buy Tribune Media Company for $4.1 billion is the latest merger to test Trump administration regulators tasked with overseeing a rapidly consolidating media industry.

If approved, the deal will make Irving, Texas-based Nexstar the largest local TV broadcaster in the country, with 216 stations in 118 different markets reaching at least 39 percent of the nation’s television-viewing households.

The two came together to explore a merger after Sinclair Broadcast Group’s $3.9 billion deal to buy Tribune fell apart after running into opposition from regulators at the Department of Justice and the Federal Communications Commission (FCC).

Read more from The Hill.

 

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