Television broadcaster Nexstar Media Group, which owns WBRE and operates WYOU, the Wilkes-Barre/Scranton affiliates of NBC and CBS, is in advanced talks to acquire rival Tegna, the owner of WNEP, the ...

As the FCC explores raising station cap limits and station groups aim for more mega-mergers - including Nexstar’s proposed acquisition of Tegna - a new report commissioned by DirecTV shows that ...

Allen Media Group has hired the investment bank Moelis to market the 28 local stations it owns in an effort to reduce its debt. By Alex Weprin Senior Editor Allen’s Allen Media Group (AMG) says that ...

Aspiring media mogul Byron Allen sold off 10 local TV stations for $171 million as his struggling company unwinds its portfolio. Allen Media Group — which owns The Weather Channel — sold its ABC, NBC, ...

After spending more than $1 billion in the last six years to amass a total of 28 television stations in 21 markets, Allen Media Group founder Byron Allen is putting up a for-sale sign, tapping veteran ...

Sinclair disclosed the talks in an SEC filing Monday. By Alex Weprin Senior Editor Another major deal for local TV stations may be brewing, with Sinclair Broadcast Group (and its 185 or so local ...

Long a safe haven due to a reliable stream of retransmission fees and advertising dollars, local TV news stations are now facing a stark message as their industry faces the same financial pressures as ...

Speaking at CES in Las Vegas on Thursday, FCC chairman Brendan Carr reiterated his view that the “balance of power” has shifted away from local TV affiliates and toward national broadcast networks.

When ABC suspended late night host Jimmy Kimmel earlier this year, a local affiliate revolt was at the heart of the decision. In a previously unreported FCC filing, Disney cites Kimmel's preemption ...