Nexstar Broadcasting Group, Inc. acquires Media General
Rich Hanley, associate professor of journalism in the School of Communications, is available to discuss Media General, which owns WTNH-TV, News 8, confirming that it has completed the negotiation of terms for a transaction under which Nexstar Broadcasting Group, Inc. would acquire Media General. Read Media General's announcement here.
"The thicket of complications in this deal are such that uncertainty will persist for many months," Hanley said. "Nexstar can't complete the deal until Media General legally terminates its agreement to buy Meredith even though that agreement collapsed last year. The FCC also has to weigh in on the deal with regulatory approval. In the Hartford-New Haven market, Media General owns WTNH and Meredith owns WFSB, so staff at those two stations will once again have to fortify themselves against rampant speculation about what the new owner - if any - will do once a deal is completed."
To speak to Hanley, please contact John Morgan, associate vice president for public relations at Quinnipiac University, at 203-206-4449 (cell) or 203-582-5359 (office).