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  • TheStreet.com5 months ago

    Bids in Groundbreaking Wireless Spectrum Auction Top $18 Billion

    AT&T, Comcast, Verizon, T-Mobile and Comcast are among the potential pool of qualified buyers that collectively satisfied the FCC's rules for the auction to be completed.

  • American City Business Journals5 months ago

    KRQE changes ownership as part of $4.6 billion deal

    KRQE has a new owner — but most viewers shouldn't notice a difference, said the station's manager. Media General (MEG), which owned KRQE, the Albuquerque CBS affiliate, and KASA, the local Fox affiliate, has been acquired by Nexstar Broadcasting Group (NXST). The sale means the new company had to divest its ownership of KASA.

  • American City Business Journals5 months ago

    Irving company completes $4.6B merger, becomes 2nd largest TV broadcaster

    Irving-based Nexstar Broadcasting (NXST) announced Tuesday the $4.6 billion-merger with Virginia-based Media General (MEG) is complete, creating the second-largest television broadcasting company in the country behind Tribune Media (TRCO). The new name for the company is Nexstar Media Group and it will continue to trade on the NASDAQ under the ticker "NXST." Nexstar will reach almost 39 percent of U.S. households, the maximum allowed by the government. The merger more than doubles Nexstar's audience to 100 U.S. markets and puts the company's annual revenue at an estimated $2.3 billion.