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.
As the station group’s VP of local content development, Jerry Walsh explains how his four-person team is working to make every Nexstar station a better local news producer and programmer. In addition, he’s the newly minted chairman of RTDNA and he offers his take on the evolving mission of that group.
The station management veteran is moving from the GM post at WLNS Lansing, Mich., to lead WWLP (NBC), EWLP (CW) and WWLP.com.
Perry Sook’s Nexstar Media Group may be hoping to succeed with Tribune Media where Sinclair Broadcasting failed. The chief executive of the second-largest TV station owner in the country met last week with the Justice Department’s antitrust boss, sources say.