With the deals involving stations in Seattle, Milwaukee, and Charlotte, N.C., Fox Television Stations expands its footprint to 29 stations across the country. Nexstar says it will use the approximately $240 million of net after-tax proceeds from the deals to reduce borrowings under its credit facilities.
Nexstar will purchase Charlotte, N.C.’s Fox and MNT affiliates for approximately $45 million while Fox will buy Nexstar’s Seattle Fox and MNT affiliates and Milwaukee’s Fox affil for approximately $350 million.
Tribune-owned KCPQ (Fox) KZJO (MNT) Seattle (DMA 14) and CW affil KRCW Portland, Ore. (DMA 24) announced Thursday that Travis Mayfield has been named director of digital strategy. In this newly created role, Mayfield will oversee the stations’ digital departments of all three stations. Mayfield, who was previously the stations’ director of audience engagement, will […]