FCC approves Nexstar-Tribune Media merger
WASHINGTON — The Federal Communications Commission has approved the sale of Tribune Media Company’s TV stations to Nexstar Media Group.
As part of the almost $4 billion deal, Nexstar agreed to sell 19 stations for $1.32 billion, in order to comply with FCC television ownership rules.
WXMI – FOX 17 is owned by Tribune Media and part of the sale.
Eleven of the stations being sold are being purchased by Tegna Inc. for $740 million and eight others are going to E.W. Scripps Co. for $580 million. FOX 17 is one of the stations going to Scripps.