It’s a proposed transaction that could only have come together thanks to an Eighth Circuit Court of Appeals ruling just weeks ago that will effectively erase the FCC’s Top-Four Prohibition — and the desire of the Commission under Chairman Brendan Carr to “Delete, Delete, Delete” a litany of rules that include the Congressionally mandated 39% local TV ownership cap established in the early 2000s.
Nexstar Media Group, the nation’s single-biggest licensee of broadcast television stations, has struck an agreement to purchase all of the stations under the TEGNA banner.
