NEXSTAR PREPARING TO CHASE TRIBUNE MEDIA?

Where Sinclair Broadcast badly stumbled, Nexstar evidently hopes to walk through unscathed and victorious.

The New York Post reports that Perry Sook, Nexstar’s CEO, met with the Justice Department’s antitrust boss recently, presumably to get a better understanding what will and won’t work with the DOJ.

DOJ was planning to sue to block the Sinclair-Trib deal until the FCC came out of its coma and consigned the deal to administrative hearing purgatory.

No doubt, Tribune will be putting itself back on the block, sooner rather than later, and Nexstar appears to be positioning itself to be ready to pounce without all of the baggage Sinclair brought with it in its “have the cake and eat it too” strategy.

Nexstar, if it moves to buy Tribune and its 42 TV stations, would become the country’s biggest owner of television stations, surpassing Sinclair’s 193 stations.

Nexstar now owns a measly 171.

More News from Wednesday, August 22, 2018