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CINCINNATI , Sept. 19, 2019 /PRNewswire/ -- The E.W. Scripps Company (NASDAQ: SSP) has closed its acquisition of eight television stations in seven markets divested from the Nexstar Media Group, Inc. (NASDAQ: ...
Nexstar Media Group, Inc. (NXST) (“Nexstar”) announced today that it completed its previously announced acquisition of Tribune Media Company (TRCO) (“Tribune Media”) in an accretive transaction valued at approximately $7.2 billion including the assumption of Tribune Media’s outstanding debt (the “Tribune Transaction”). Pursuant to the merger agreement, Nexstar acquired all outstanding shares of Tribune Media for $46.687397 per share in cash, inclusive of $0.187397 per share to reflect the final closing date relative to the August 31, 2019 targeted closing date.
CHICAGO , Sept. 16, 2019 /PRNewswire/ -- Tribune Media Company (NYSE: TRCO) issued the following statement regarding today's announcement by the Federal Communication Commission that it has approved the ...
The Federal Communications Commission on Monday said it voted to approve Nexstar Media Group Inc's acquisition of Tribune Media Co in a $6.4 billion deal. The 3-to-2 vote follows the U.S. Justice Department's announcement in July that it had approved the deal, saying the companies had to divest television stations in 13 markets to resolve antitrust concerns. Nexstar said in December it had agreed to buy Chicago-based Tribune for $4.1 billion in a deal valued at $6.4 billion, including debt, that would make it the largest regional U.S. television station operator.
Nexstar Media Group, Inc. (NXST) (“Nexstar” or “the Company”) announced today that the Federal Communications Commission (“FCC”) has granted the applications seeking consent to transfer control of licenses held by subsidiaries of Tribune Media Company, Inc. (TRCO) (“Tribune Media”) from the shareholders of Tribune Media to Nexstar. The FCC further granted the divestiture applications that have been filed to bring Nexstar into compliance with the local and national television ownership rules. The divestiture applications relate to the previously announced sales of a total of 21 local television stations to TEGNA Inc. (TGNA), The E.W. Scripps Company (SSP) and Circle City Broadcasting I, Inc.
Nexstar Media Group, Inc. (NXST) (“Nexstar”) and Fox Broadcasting Company LLC, a subsidiary of Fox Corporation (Nasdaq: FOXA, FOX) (“FOX”), today announced a multi-year agreement that renews FOX network affiliations for stations that Nexstar owns, operates, programs or provides services to, in 31 markets that reach approximately 8% of the U.S. In addition, the new agreement will also cover the eight FOX affiliates that Nexstar is acquiring from Tribune Media Company (“Tribune”), upon closing of the acquisition.
Nexstar Media Group, Inc. (NASDAQ:NXST), which is in the media business, and is based in United States, received a lot...
The comprehensive agreement gives millions of AT&T (T) subscribers access to Starz's acclaimed premium original content and library of blockbuster films.
Federal Communications Commission chairman Ajit Pai on Friday sought approval from his colleagues to order the go ahead for Nexstar Media Group Inc's acquisition of Tribune Media Co in a $6.4 billion tie-up, a spokeswoman for the agency said. Last month, the U.S. Justice Department approved the deal, saying the companies must divest television stations in 13 markets to resolve antitrust concerns. Pai's order circulated Friday needs the consent of a majority of the five-member FCC.
After a very public dispute that dragged on for weeks, AT&T Inc. and Nexstar Media Group Inc. have finally come to an agreement. Dallas-based AT&T (NYSE: T) and Irving-based Nexstar (Nasdaq: NXST) have entered into a multi-year retransmission deal, according to a statement issued by the companies on Thursday. The deal will once again provide Nexstar-owned network affiliated and local broadcast stations to customers of AT&T’s video platforms.
Nexstar Media Group, Inc. (NXST) (“Nexstar”) and AT&T (NYSE:T) have entered into a new multi-year retransmission consent agreement to provide Nexstar-owned network affiliated and local broadcast stations to customers of AT&T’s video platforms in 97 markets across the United States. Nexstar local stations are now returning to any impacted DIRECTV, AT&T TV and U-verse platforms.
Tysons-based media company Tegna Inc. (NYSE: TGNA) confirmed Wednesday that it rejected an acquisition offer from Apollo Global Management LLC (NYSE: APO) earlier in 2019 — although the private equity giant didn’t name a price. The disclosure by the company, which owns dozens of television stations and digital news properties across the country, came after a Wall Street Journal story detailing an initial letter by Apollo to the Tegna board of directors in February. Despite the rejection, Apollo has remained in contact with the company over the last several months, according to Tegna.
Dividend paying stocks like Nexstar Media Group, Inc. (NASDAQ:NXST) tend to be popular with investors, and for good...
Simcoe Capital Management was founded in 2003 by Jeffrey Jacobowitz. He remained the fund’s Managing Partner and Portfolio Manager, and is also the manager and founder of Simcoe Partners. Mr. Jacobowitz holds a BA in Economics from the University of Maryland (UMBC). Before launching his own fund, Jacobowitz worked as a senior accountant at Deloitte & […]
A resolution has reached after dispute between AT&T; and CBS that began last month. However, Nexstar CEO Perry Sook said this week that the company continues to "trade proposals" with the telecommunications and media giant.
A number of contract disputes have led to station blackouts across the U.S., including Dish dropping regional sports networks being acquired by Sinclair Broadcast Group.
Nexstar (NXST) delivered earnings and revenue surprises of 2.90% and -0.58%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Net Revenue Drives 2Q Operating Income of $149.9 Million, Net Income of $70.7 Million, BCF of $227.5 Million, Adjusted EBITDA of $197.0 Million and Free Cash Flow of $85.8 Million