The FCC Has Approved The Merger Between Nexstar & Tribune Ow

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ap215
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The FCC Has Approved The Merger Between Nexstar & Tribune Ow

Post by ap215 »

Yippie more Media Consolidation bullshit. :evil:

The FCC Has Approved The Merger Between Nexstar & Tribune Owned ABC, CBS, FOX, & NBC Locals

Today the FCC approved the merger between Nexstar and Tribune. This $6.4 Billion deal would merge Tribune’s ABC, CBS, FOX, and NBC stations into Nexstar. Last month, the DOJ approved the sale of Tribune-owned locals to Nexstar as long as Nexstar sells one or more local stations in 13 markets. Now with the FCC’s approval, the merger is taking a massive step forward to becoming a reality.

In a statement posted on its website the FCC said:

The Commission found that the proposed merger would provide several public interest benefits to viewers of current Tribune and Nexstar stations. For example, viewers would benefit from their local stations having increased access to Nexstar’s Washington, DC, news bureau and state news bureaus. Additionally, Nexstar demonstrated that it would invest savings resulting from the merger into its stations, including investments in ATSC 3.0, the next-generation television broadcast standard.

https://www.cordcuttersnews.com/the-fcc ... bc-locals/" onclick="window.open(this.href);return false;

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