Nexstar To Divest Five Stations for Media General Deal
Nexstar will divest five TV stations in four markets as part of its proposed buy of Media General. “Nexstar anticipates announcing additional station divestitures shortly,” it said in a Friday news release. The divestitures will eliminate overlapping markets and bring…
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the deal under the 39 percent ownership cap, Nexstar said. They involve WCWJ Jacksonville and WSLS-TV Roanoke being sold to woman-owned Graham Media, KREG-TV Glenwood Springs, Colorado, being sold to Marquee Broadcasting, and KADN-TV Lafayette, Louisiana, and LPTV station KLAF-LD Lafayette being sold to minority-owned Bayou City Broadcasting, the release said. The sales will increase “opportunities for minority television station owners to play a greater role in the U.S. broadcasting industry,” Nexstar said.