Nexstar-Media General Merger Delayed by FCC

Nexstar_300Broadcasting and Cable has reported (9/15) that Nexstar Broadcasting’s $4.6 billion purchase of Media General is on hold pending the conclusion of the current spectrum auction.  The MAB previously reported that the Department of Justice approved the merger with the requirement that Nexstar sell seven television stations in six markets, all outside Michigan.

However, the FCC has said that it would not approve any TV station transactions during the spectrum incentive auction involving stations potentially implicated in that auction.

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).

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