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.

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1 Comment

  • gobluespartyon

    Can’t wait to see the lighthouse sometime soon. I always thought that Scripps was going to be the new owners of WXMI Fox17 when the merger between Nexstar & Tribune happened last Dec.

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