Media General

POYNTER

Nexstar and Media General reach $4.6 billion deal

Nexstar reached an agreement today to buy Media General and pay Meredith Corporation $60 million to walk away from a deal that would have seen it merging with the broadcast giant. The result will be a $4.7 billion transaction that creates a group with 171 full-power television stations in 100 markets. Combined, the companies will reach 39 percent of U.S. Read More
POYNTER

What's behind the continuing wave of television mergers?

Traders gather at the post that handles Cablevision on the floor of the New York Stock Exchange, Thursday, Sept. 17, 2015. European telecommunications and cable company Altice agreed to buy New York cable operator Cablevision for $17.7 billion, including debt, as it pursues its aggressive expansion in the U.S. (AP Photo/Richard Drew) The mergers and acquisitions train just keeps … Read More
POYNTER

Splitsville: Why newspapers and TV are going their separate ways corporately

Like the sale of the Washington Post this time last year, the merger of E.W. Scripps and Journal Communications, announced last night, and their reorganization into separate print and broadcast companies came as a jaw-dropping surprise. But the morning after, the complicated transaction makes perfect sense. Local broadcasting is seeing a wave of consolidations. The business is healthy, and getting … Read More
POYNTER

LIN Media, Media General plan broadcast merger

LIN Media and Media General announced Friday morning that they are merging to form the second largest pure-play U.S. broadcasting group. If the FCC approves the merger, the new combined group will reach 46 markets or about 23 percent of the American population. Half of the stations involved are affiliated with one of the big four networks. At least a … Read More
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