FCC Approves Nexstar’s $4.6B Acquisition Of Media General

Nexstar Broadcasting has the all-clear for its $4.6 billion acquisition of Media General after the FCC said this morning that it approved the deal — waiving a ban on transactions while the agency conducts an auction of broadcasters’ airwave spectrum. The companies overcame Justice Department objections in September when they agreed to divest seven stations. Nexstar currently owns or operates stations in 62 markets, while Media General is in 48. With the divestitures, the…

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