Justice Department approves Disney, Fox deal

Required sale of RSNs paves way for merger In a marked turn from its dealings with AT&T and TimeWarner, the Justice Department announced Wednesday it has approved a $71.3 billion deal between The Walt Disney Corporation and 21st Century Fox for most of the latter’s business. The deal was originally announced in December 2017, with Disney offering $52 billion for […]

You have 30 days to sell your TV station. Time’s a tickin’….

It’s a station ownership mess in Virginia: In a follow-up to a story in yesterday’s Groovy Grab Bag, The Department of Justice has told Raycom to sell its CBS affiliate in Richmond, Va. (WTVR) – and you have thirty days to do so. Or else. Raycom acquired NBC affiliate WWBT-TV in Richmond as part of the company’s acquisition of the […]