Report: Nexstar, Byron Allen looking to buy ABC (updated)

Comes a day after a former Nexstar exec says it could happen¬† [Editor’s Note: This story has been updated.] News of a potential ABC sale picked up Thursday after Bloomberg reported The Walt Disney Co. was in talks for either Nexstar or Allen Media Group (led by Byron Allen) to purchase ABC and its owned eight stations, after a Deadline […]

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 […]