trending Market Intelligence /marketintelligence/en/news-insights/trending/n-SaOehGiJm2AmB6YMwANQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Report: Fox abandons plan to bid for Nexstar's TV stations

Medical IoT Technology in US Hospitals Helps to Reduce Costs and Improve Care

Internet Traffic Spikes By One Third In March

Broadband-Only Homes Surge To 25% Of US Households Ahead Of COVID-19 Crisis

US Pushes Pedal To The Metal On Broadband Speeds Ahead Of COVID-19 Outbreak


Report: Fox abandons plan to bid for Nexstar's TV stations

Fox Corp. opted to back out from bidding for Nexstar Media Group Inc.'s television stations, Bloomberg News reported March 15, citing a source.

Instead of pushing for a deal with Nexstar, the 21st Century Fox Inc. unit decided to concentrate on procuring better terms for its current agreements with affiliate stations.

Fox has about 50 affiliate agreements with Nexstar that the latter would have to approve within 2020. The circumstance would allow Fox to get preferable terms, according to the report.

Following Fox's withdrawal, Nexstar is anticipated to look into offers of other bidders including, TEGNA Inc., E.W. Scripps Co. and Apollo Global Management LLC.

The move to sell its TV stations is connected with Nexstar's compliance to regulatory ownership limits in relation to its proposed deal to acquire Tribune Media Co. for $6.4 billion. Nexstar TV stations to be divested include WTKR-TV in Norfolk, Va., WGNT-TV in Portsmouth, Va. and WNEP-TV in Scranton-Wilkes Barre, Pa.