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===Sale to Nexstar Media Group and resale to Scripps=== |
===Sale to Nexstar Media Group and resale to Scripps=== |
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⚫ | On December 3, 2018, [[Irving, Texas]]–based [[Nexstar Media Group]]—which has owned ABC affiliate WRIC-TV (channel 8) since January 2017 (it had been [[Media General]]'s flagship station when that company merged with Nexstar)—announced it would acquire the assets of Tribune Media for $6.4 billion in cash and debt. Prohibited from owning both WTVR and WRIC, Nexstar had to sell one of the stations to a separate, unrelated company to address the ownership conflict.<ref>{{cite web|title=Nexstar Buying Tribune Media For $6.4 Billion|url=https://tvnewscheck.com/article/top-news/226264/nexstar-buying-tribune-media-6-4-billion/|first=Mark K.|last=Miller|website=TVNewsCheck|publisher=NewsCheck Media|date=December 3, 2018|access-date=December 5, 2018|archive-date=December 4, 2018|archive-url=https://web.archive.org/web/20181204005800/https://tvnewscheck.com/article/top-news/226264/nexstar-buying-tribune-media-6-4-billion/|url-status=live}}</ref><ref>{{cite web|title=Nexstar Confirms $4.1B Tribune Media Acquisition To Become Leading Local TV Station Owner|url=https://deadline.com/2018/12/nexstar-tribune-media-acquisition-1202512653/|first=Peter |last=White|first2=Dade|last2=Hayes|website=Deadline Hollywood|publisher=Penske Media Corporation|date=December 3, 2018|access-date=December 5, 2018|archive-date=December 4, 2018|archive-url=https://web.archive.org/web/20181204130313/https://deadline.com/2018/12/nexstar-tribune-media-acquisition-1202512653/|url-status=live}}</ref><ref>{{cite news|title=Nexstar to buy Tribune Media for $4.1 billion|url=https://www.reuters.com/article/us-tribune-media-m-a-nexstar-media/nexstar-to-buy-tribune-media-for-4-1-billion-idUSKBN1O217Z|first=Arjun|last=Panchadar|first2=Sonam|last2=Rai|work=[[Reuters]]|date=December 3, 2018|access-date=December 5, 2018|archive-date=April 5, 2019|archive-url=https://web.archive.org/web/20190405145605/https://www.reuters.com/article/us-tribune-media-m-a-nexstar-media/nexstar-to-buy-tribune-media-for-4-1-billion-idUSKBN1O217Z|url-status=live}}</ref><ref>{{cite web|title=Nexstar Announces Deal to Buy Tribune for $6.4B|url=https://www.broadcastingcable.com/news/nexstar-announces-deal-to-buy-tribune-for-6-4b|first=Jon |last=Lafayette|periodical=Broadcasting & Cable|publisher=NewBay Media|date=December 3, 2018|access-date=December 5, 2018|archive-date=April 5, 2019|archive-url=https://web.archive.org/web/20190405084338/https://www.broadcastingcable.com/news/nexstar-announces-deal-to-buy-tribune-for-6-4b|url-status=live}}</ref><ref>{{cite web|title=Nexstar To Spin Off $1B In Stations|url=https://tvnewscheck.com/article/top-news/226264/nexstar-buying-tribune-media-6-4-billion/|first=Harry A.|last=Jessell|first2=Mark K.|last2=Miller|website=TVNewsCheck|publisher=NewsCheck Media|date=December 3, 2018|access-date=December 5, 2018|archive-date=December 4, 2018|archive-url=https://web.archive.org/web/20181204005800/https://tvnewscheck.com/article/top-news/226264/nexstar-buying-tribune-media-6-4-billion/|url-status=live}}</ref> On March 20, 2019, the [[Cincinnati]]-based [[E. W. Scripps Company]] announced it would purchase WTVR from Nexstar upon consummation of the merger, marking Scripps' entry into Virginia, as part of the company's sale of nineteen Nexstar- and Tribune-operated stations to Scripps and [[Tegna Inc.]] in separate deals worth $1.32 billion. The sale was completed on September 19.<ref>[https://scripps.com/press-releases/scripps-closes-acquisition-of-eight-tv-stations-from-nexstar-tribune-merger-divestitures/ "Scripps Closes Acquisition of Eight TV Stations from Nexstar-Tribune Merger Divestitures"] {{Webarchive|url=https://web.archive.org/web/20210225141145/https://scripps.com/press-releases/scripps-closes-acquisition-of-eight-tv-stations-from-nexstar-tribune-merger-divestitures/ |date=February 25, 2021 }}, [[E. W. Scripps Company]], September 19, 2019, Retrieved October 4, 2019.</ref><ref name="tvnc-nexstarspinoffs">{{cite news|title=Nexstar Selling 19 TVs In 15 Markets For $1.32B|url=https://tvnewscheck.com/article/top-news/232391/nexstar-selling-19-tvs-in-15-markets-for-1-32b/|first=Mark K.|last=Miller|newspaper=Tv News Check|publisher=NewsCheck Media|date=March 20, 2019|access-date=March 20, 2019|archive-date=March 20, 2019|archive-url=https://web.archive.org/web/20190320194359/https://tvnewscheck.com/article/top-news/232391/nexstar-selling-19-tvs-in-15-markets-for-1-32b/|url-status=live}}</ref><ref>{{cite news|title=Nexstar to Sell Stations to Tegna, Scripps for $1.32 Billion|url=https://www.bloomberg.com/news/articles/2019-03-20/nexstar-to-sell-19-stations-to-tegna-scripps-for-1-32-billion|first=Nabila|last=Ahmed|first2=Anousha|last2=Sakoui|website=Bloomberg News|publisher=[[Bloomberg, L.P.]]|date=March 20, 2019|access-date=March 20, 2019|archive-date=April 13, 2019|archive-url=https://web.archive.org/web/20190413200225/https://www.bloomberg.com/news/articles/2019-03-20/nexstar-to-sell-19-stations-to-tegna-scripps-for-1-32-billion|url-status=live}}</ref> |
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On December 3, 2018, [[Irving, Texas]]–based [[Nexstar Media Group]]—which has owned ABC affiliate WRIC-TV (channel 8) since January 2017 (it had been [[Media General]]'s flagship station when that company merged with Nexstar)—announced it would acquire the assets of Tribune Media for $6.4 billion in cash and debt.<ref>{{cite web|title=Nexstar Buying Tribune Media For $6.4 Billion|url=https://tvnewscheck.com/article/top-news/226264/nexstar-buying-tribune-media-6-4-billion/|first=Mark K.|last=Miller|website=TVNewsCheck|publisher=NewsCheck Media|date=December 3, 2018|access-date=December 5, 2018|archive-date=December 4, 2018|archive-url=https://web.archive.org/web/20181204005800/https://tvnewscheck.com/article/top-news/226264/nexstar-buying-tribune-media-6-4-billion/|url-status=live}} |
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*{{cite web|title=Nexstar Confirms $4.1B Tribune Media Acquisition To Become Leading Local TV Station Owner|url=https://deadline.com/2018/12/nexstar-tribune-media-acquisition-1202512653/|first=Peter |last=White|first2=Dade|last2=Hayes|website=Deadline Hollywood|publisher=Penske Media Corporation|date=December 3, 2018|access-date=December 5, 2018|archive-date=December 4, 2018|archive-url=https://web.archive.org/web/20181204130313/https://deadline.com/2018/12/nexstar-tribune-media-acquisition-1202512653/|url-status=live}} |
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*{{cite news|title=Nexstar to buy Tribune Media for $4.1 billion|url=https://www.reuters.com/article/us-tribune-media-m-a-nexstar-media/nexstar-to-buy-tribune-media-for-4-1-billion-idUSKBN1O217Z|first=Arjun|last=Panchadar|first2=Sonam|last2=Rai|work=[[Reuters]]|date=December 3, 2018|access-date=December 5, 2018|archive-date=April 5, 2019|archive-url=https://web.archive.org/web/20190405145605/https://www.reuters.com/article/us-tribune-media-m-a-nexstar-media/nexstar-to-buy-tribune-media-for-4-1-billion-idUSKBN1O217Z|url-status=live}} |
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*{{cite web|title=Nexstar Announces Deal to Buy Tribune for $6.4B|url=https://www.broadcastingcable.com/news/nexstar-announces-deal-to-buy-tribune-for-6-4b|first=Jon |last=Lafayette|periodical=Broadcasting & Cable|publisher=NewBay Media|date=December 3, 2018|access-date=December 5, 2018|archive-date=April 5, 2019|archive-url=https://web.archive.org/web/20190405084338/https://www.broadcastingcable.com/news/nexstar-announces-deal-to-buy-tribune-for-6-4b|url-status=live}} |
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==News operation== |
==News operation== |
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