Retrans was the chief contributor to the station group’s top line in the first quarter, accounting for just over half the company’s total $626.6 milllion in revenue. That reflects continued strong retrans growth, up 13.8% in the quarter. Spot and digital, both down the in quarter, account for 40.4% and 8.4% of total revenue, respectively.
The increase to $626.6 million is driven by a 13.8% rise in retransmission consent money to $314 million.
The new syndicated talk show now has been sold in 90% of the U.S. for a Sept. 16 launch.
The case represents a tragic failure of FCC policy. The FCC is supposed to increase pluralism and diversity among broadcast license holders. Instead, it looks to have acted to advance the political views of then-Chairman Tom Wheeler.
The agreement with DuJuan McCoy’s new Circle City Broadcasting I marks the completion of Nexstar’s divestiture plan to secure approvals for its Tribune Media purchase. The total gross proceeds from the planned sale of the 21 stations being divested amounts to $1.36 billion.
Dismiss, deny and reject. That was Nexstar and Tribune’s advice to the FCC related to the various parties that petitioned the FCC to block their merger as not in the public interest. They were responding to petitions to deny filed six groups and concerns raised by NCTA—The Internet & Television Association and the American Television Alliance, both of which said that without various conditions the deal should be denied.
A black-owned TV company sued Nexstar Media Group on Wednesday, accusing the company of sabotaging its efforts to operate independently. Marshall Broadcasting Group owns three Fox affiliates in Odessa, Texas; Shreveport, La.; and Davenport, Iowa. The company, owned by Pluria Marshall Jr., bought the stations from Nexstar in 2014, as Nexstar was looking to divest in order to win FCC approval for a series of acquisitions.
With the new broadcast that will launch this fall, Nexstar’s Indianapolis CW affil will provide 75 hours of local news and programming per week.