Saturday, December 29, 2018

KDVR & KWGN to get new owners as Tribune Broadcasting to be aquired by Nexstar Media Group.





Tribune Broadcasting has entered into an agreement with Nexstar to be taken over by Nexstar Media Group, if it happens Nexstar would become the largest broadcaster in the U.S. by station count.

  •  http://www.nexstar.tv/nexstar_agrees_to_acquire_tribune/  (Nexstar press release)
  •  http://www.tribunemedia.com/nexstar-media-group-enters-into-definitive-agreement-to-acquire-tribune-media-company/ (Tribune Broadcasting press release)

They already own KREX-TV (CBS5), KGJT-TV (My Network GJ) in Grand Junction as well as KXRM (FOX21) & KXTU-LD (SoCO CW) in Colorado Springs/Pueblo.
They operate KFQX-TV (FOX4) in Grand Junction through a shared services agreement--KFQX is owned outright by Mission Broadcasting Inc.

This deal with Tribune was announced December 3rd, some stations will have to be spun off to get the agreement to go through.  It is expected that KDVR/KFCT (FOX 31) will be one of the stations spun off.   However they haven't as of now reveled what stations are being sold.   We should know sometime in early January what happens with what stations.   This deal with Nexstar is expected to pass the regulatory process easily, because there are no "Shell" companies involved as their were with Sinclair.


Below are logos of current Nexstar stations,  plus one Mission Broadcasting Inc station in Colorado... 
Image result for KREX-TV 
Image result for kfqx
 Image result for kgjt


 KXTU 2010 logo.png


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