The new agreement covers 31 stations owned, operated or for which Nexstar programs or provides services. The Fox affiliates that Nexstar is acquiring from Tribune will also be covered by new agreements immediately upon closing of the deal.
The SVP and regional manager of Nexstar Broadcasting is promoted to the newly created executive sales management position overseeing Nexstar’s sales, business development and revenue initiatives as it prepares to absorb the Tribune Media stations.
“It’s a goldilocks world,” Nexstar CEO Perry Sook said of core, which excludes political advertising. “It’s not too hot, it’s not too cold, it’s kind of plugging along.” And, he added, he sees no reason why the company’s double-digit annual retrans and net retrans growth should not continue for at least the next three years. “We see no change to the outlook or the ecosystem,”
The former NBC Owned Television Stations executive will oversee the company’s television and digital media local content initiatives and advancing the company’s multi-platform approach for its local news programming and content.
“Without the required divestitures, Nexstar’s merger with Tribune threatens significant competitive harm to cable and satellite TV subscribers and small businesses,” said antitrust chief Makan Delrahim. “I am pleased, however, that we have been able to reach a resolution of the division’s concerns, thanks in part to the parties’ commitment to engage in good faith settlement talks from the outset of our investigation.”
Matthew Rosenfeld and Traci Wilkinson are promoted to newly created regional management positions overseeing Nexstar’s television and digital media operations in select markets.
The question of who will end up owning Cleveland Fox affiliate WJW-TV should be settled soon, but “soon” could mean a couple of days, weeks or months. The key is how fast government regulatory agencies will move on necessary approvals, and that is never easy to predict.
Executives from AT&T and Nexstar Media Group met over the weekend, but the nearly two-week long blackout of about 120 stations continues. The talks continue but there has been no agreement yet, according to an AT&T spokesperson. Negotiations will continue this week, a Nexstar spokesman added.
AT&T is looking to make sure local viewers have access to emergency weather information, and at the same time remove an issue raised by a U.S. senator from weather-plagued Louisiana related to an ongoing carriage impasse with Nexstar.