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Nexstar and its rival Tegna will file paperwork for their pending $6.2 billion merger by Sept. 30. Under the terms of the agreement, the former will acquire the latter's outstanding shares for $22 per share -- a 31% premium to the company's 30-day average stock price as of Aug.
Nexstar, the largest TV station owner in the U.S., will reach 80% of the country if the deal gets regulatory approval.
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What Is The Real Reason Behind Jimmy Kimmel's Firing? Nexstar-Tegna Merger And FCC Threat Explained
ABC has suspended Jimmy Kimmel indefinitely after his remarks about the shooting of right-wing activist Charlie Kirk sparked backlash. The move comes as a 22-year-old suspect faces murder charges in Kirk’s killing.
You may not be too familiar with Nexstar CEO Perry Sook. But he and his company are a big reason Kimmel is off the air.
Nexstar Media Group said it is preempting "Jimmy Kimmel Live!" for the foreseeable future after his controversial remarks following the assassination of Charlie Kirk.
With the announced sale of 10TV, two companies may own Central Ohio's four commercial television stations by the end of 2026.
The transaction, if approved, will bring together two major players in U.S. television and the country’s local news landscape.
Nexstar Media Group, which owns and operates WTTV (CBS 4) and WXIN (FOX 59), announced on Aug. 19 that it had entered into an agreement to acquire TEGNA, the parent company of WTHR (NBC 13). This means three Indianapolis-based television news organizations will be owned and operated by one company.
People are calling for a boycott of streaming services Disney+ and Hulu after the ABC suspension of 'Jimmy Kimmel Live!'