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US: Nexstar gets antitrust OK for $4.6B Media General purchase

By  |  September 4, 2016

Nexstar Broadcast Group has won US antitrust approval to buy Media General Corp on condition that it sell seven television stations, the Justice Department said on Friday.

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    The $4.6 billion deal had been announced in January. It is also being reviewed by the Federal Communications Commission.

    The Justice Department said that the sale of seven stations in six different markets was needed to prevent a rise in the prices of television advertising and an increase in fees charged to online distributors to broadcast TV shows.

    The stations to be sold are: two in Lafayette, Louisiana and one each in Green Bay, Wisconsin, Roanoke-Lynchburg, Virginia, Terre Haute and Fort Wayne, Indiana and Quad Cities at the border of Iowa and Illinois.

    Full Content: Reuters

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