TV Newscheck reports that the Department of Justice has said it will approve Nexstar Broadcasting’s $4.6 billion purchase of Media General with the requirement that Nexstar sell seven television stations in six markets, all outside Michigan.
Nexstar currently owns one television station in Michigan, WJMN-TV (Marquette). Media General owns WOOD-TV/WOTV-TV/WXSP-CD (Grand Rapids) and WLNS-TV (Lansing). In addition, it has a joint sales and shared services agreement with WLAJ-TV (Lansing).
No closing date on the transaction has been announced yet.