All articles tagged with #tv stations
Sinclair, a major U.S. TV station group, reported a 16% drop in Q3 revenue and a net loss, largely due to a boycott of 'Jimmy Kimmel Live!' by its ABC affiliates over comments about Charlie Kirk, alongside broader issues like the Disney-YouTube TV blackout and political ad revenue decline.
Nexstar and Sinclair TV stations will not air 'Jimmy Kimmel Live!' after Disney resumed the show following controversial comments by Kimmel, with Nexstar citing concerns over respectful dialogue and community standards amid political tensions and FCC scrutiny.
Nexstar Media Group plans to acquire Tegna, potentially merging two Tampa Bay TV stations, WFLA News Channel 8 and WTSP 10 Tampa Bay, which could significantly impact the local television news landscape.
Nexstar is planning to acquire Tegna in a $6.2 billion deal, aiming to expand its reach amid expectations of deregulation by the FCC that could loosen ownership limits, though critics argue such mergers harm local news coverage and competition.
Nexstar Media Group announced a $6.2 billion deal to acquire Tegna, aiming to expand its reach to 265 TV stations across 44 states, covering 80% of U.S. households, with the deal expected to close by mid-2026 pending regulatory approval. The merger is driven by industry deregulation efforts and aims to strengthen local news and programming.
Byron Allen's Allen Media Group sold 10 local TV stations to Gray Media for $171 million, expanding Gray's presence into three new markets and strengthening its local news and programming offerings, with the deal expected to close in Q4 after regulatory approval.
Byron Allen's Allen Media Group has sold 10 local TV stations to Gray Media in a $171 million deal, expanding Gray's portfolio and entering three new markets, with the deal expected to close in Q4 pending FCC approval.
More than 150 local TV stations owned by Nexstar Media Group, including KTLA in Los Angeles and WGN in Chicago, went dark on DirecTV's platform after the sides failed to reach a new retransmission consent agreement. The blackout affects at least 10 million subscribers across DirecTV's footprint. Nexstar offered to extend the current deal to Oct. 31, but DirecTV accused Nexstar of seeking unrealistic fee increases. The two companies are still in negotiations, and DirecTV has taken legal action against Nexstar, accusing it of using loopholes to bypass FCC ownership limits.
DIRECTV and DIRECTV STREAM subscribers have lost access to Nexstar-owned ABC, CBS, FOX, and NBC stations, as well as CW stations, due to a dispute over fees. Nexstar claims that DIRECTV rejected their offer to extend the distribution agreement, while DIRECTV accuses Nexstar of demanding unwarranted price increases. This blackout affects 159 local TV stations and millions of viewers. Earlier this year, DIRECTV filed a lawsuit against Nexstar, alleging illegal collusion and price manipulation. The lawsuit claims that Nexstar, along with Mission and White Knight, are working together to raise the cost of local TV.
Nexstar Media Group has agreed to acquire KUSI-TV in San Diego for $35m from McKinnon Broadcasting Company. The purchase is expected to be accretive to Nexstar’s operating results when The CW Network affiliation becomes available in the market. The deal is a potential step toward creating an owned-and-operated CW station in the market. The transaction is expected to close later this year, pending FCC approval.