FCC Okays Nexstar Purchase of Tribune Media

The FCC today announced the approval of Nexstar Broadcasting Group’s acquisition of Tribune Media. Nexstar will become the largest owner of TV stations with more than 200 outlets nationwide.

Nexstar will have to divest 21 stations in markets where their outlets will put the company over FCC station count limits. They’ve planned to sell off those excess stations to the Tegna, Scripps, and Circle City groups.

In San Diego, Tribune has operated KSWB-TV, known locally as “Fox 5,” that the group purchased in a bankruptcy sale in 1995 for $70-million.

Tribune Media owned the San Diego Union-Tribune from May 2015 until it was purchased by Patrick Soon-Shiong in February 2018.

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