Nexstar Media Group, currently winding through the approval process for its $6.4 billion purchase of Tribune Media, is fighting retransmission consent battles with two small operators, TDS Telecom and Antietam Broadband, primarily over pricing disputes.
Perry Sook, the CEO of Texas-based Nexstar Media Group, is a seasoned broadcast TV executive who steered Nexstar’s $4.1 billion acquisition of Tribune Media that will make it the largest owner of TV stations in the country. He is passionately preaching the gospel of local.
Nexstar Media Group has reached an agreement to acquire Tribune Media for about $4.1 billion, a deal which would make it the largest local U.S. TV station operator, people familiar with the matter said on Sunday.
The former human resources manager at ABC affiliate WTNH New Haven, Conn., has sued the station and its parent company, Nexstar Media Group, claiming gender and age discrimination and alleging that the station’s general manager made “sexist comments regarding young females.”
The gain to a record $693.4 million comes from higher political, retrans and digital contributions. Both local and national ad rev were down.
Nexstar chooses the former NBC television and marketing executive to lead its Lansing, Mich., CBS affiliate’s TV and digital operations.
As quarterly earnings season gets underway, the two station groups reveal dividend plans.
The company said that refinancing senior secured term loans and revolving credit facility will reduce its annual interest expense by approximately $7 million.