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Showing content with the highest reputation on 04/04/26 in Posts

  1. I wouldn't get my hopes up that the divestures will go anywhere other than Mission. There is a two-year timer on them that started when the deal closed, that gives Mission plenty of time to come up with the cash needed.
    1 point
  2. After 6 years, KPIX’s chief meteorologist Paul Heggen is leaving the station and going back east to be closer to his family and has a new job lined up so we might be seeing him on air somewhere over there soon. https://youtu.be/9wtFrYzs8iI?si=C67k-Dxr3f0dftp5
    1 point
  3. Nexstar weren't impatient. They moved quickly after the FCC approval probably anticipating State Plaintiffs/DIRECTV will file a TRO but also because Bank of America gave Nexstar a high-interest 7-day bridge loan to close the deal. As soon as the approval came TGNA was removed from trading and Nexstar moved quickly to sell bonds to repay the BoA bridge, and pay TGNA stock holders their $22/share. These deals are loaded with tens of millions of $ in fees so any delays end up costing. Asst. AG from the State Plaintiffs complained in the filing that she emailed Nexstar counsel to delay the closing, but they weren't responding for something like a week, the merger closed, and Nexstar replied saying it's too late to wait. Not illegal, just State Plaintiffs got outmaneuvered. Nexstar is not required to wait or accomodate any pending litigation unless it's court ordered, it's on the plaintiff to counter it.
    1 point
  4. WKRP is coming to Cincinnati... for real this time. 48 years after the hit TV show debuted on CBS, the North Carolina low power radio station that used the callsign is giving it up and while we don't know where it will end up on the dial in town... WKRP in Cincinnati will actually soon become a real thing. https://www.cincinnati.com/story/entertainment/2026/04/03/wkrp-call-letters-are-coming-to-cincinnati-radio-report/89452633007/
    1 point
  5. I've had the impression that Nexstar and Tegna had begun the integration process BEFORE the sale was actually finalized, which seems illegal in and of itself. They owned Tegna for TWO DAYS before the TRO was issued. What could they have possibly done in two days that's so permanent it can't be undone? This is why I think the FCC had told Nexstar well before the sale was formally approved that it would happen no matter what and to basically go ahead and start acting as if the two had been merged. I'm starting to believe Nexstar didn't have any plan in place for any kind of lawsuit or what-if scenario of the deal being blocked.
    1 point
  6. Former PIX11 Meteorologist Linda Church was on the ABC game show The Greatest Average American. Watch The Greatest Average American Season 1 Episode 4 Armchair Legend!
    1 point
  7. Any remedy to this deal may result in a Nexstar footprint that may be different as it was before they acquired the Tegna stations, basically giving them the right to divest stations and hang onto different ones. Case in point, Denver. Let's say they're either forced to divest KUSA or KDVR. They hang onto KUSA to pair with KWGN, and let's say Fox buys back KDVR and gets KTVD. It's a win-win since KUSA gets KWGN to expand to, and KDVR and KTVD can be a Fox/Fox+ combo like in other places they have a duopoly. I'll leave the rest to the speculatron as Nexstar may be forced to make choices between their top stations.
    0 points
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