Nexstar Media Group, which owns The CW and the largest group of local TV stations in the U.S., is adding two independent stations in San Diego to its portfolio. The company has agreed to pay $35 mi…
to become independent, a development that had been expected since Nexstar acquired a majority stake in The CW last fall.
The transaction is expected to close later this year, pending FCC approval. The FCC is also continuing to evaluate Tegna’s pending sale to private equity firm Standard General, though that process has been mired in litigation since the regulatory agency opted to refer the matter to an administrative hearing.community is a perfect fit with our station group and existing San Diego operations at KSWB-TV,” Nexstar President and COO Tom Carter said in a press release.
KUSI owner and CEO Mike McKinnon said the deal will create “one of the most dynamic news organizations in all of Southern California.”
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