The Federal Communications Commission has determined that local TV giant Nexstar Media Group‘s takeover of WPIX-TV in New York in 2020 violated federal limits on station ownership. In a ruling issued Thursday, the regulatory agency ordered Mission Broadcasting, Nexstar’s partner in WPIX, to sell the station. Failing that, Nexstar could put the station under its
local TV
Layoffs have hit the ad sales ranks in the CBS owned-and-operated TV station portfolio as a long-term restructuring effort takes effect. Tuesday’s cuts come after new ad sales staffers were hired over the past three months. The exact number of employees affected could not be determined, but sources told Deadline the net number of departures
Tom Carter, a longtime former Nexstar exec who is now a senior advisor to the CEO and board of directors, says the company could acquire Disney’s local ABC TV stations with “little friction” if they become available. Disney CEO Bob Iger spurred talk of a potential sale of the eight stations over the summer when
UPDATED with CBS statement: CBS CEO George Cheeks insists the network will continue programming the 10 p.m. hour, countering the view of Hearst Television chief Jordan Wertlieb, which went unchallenged by three other local TV leaders during a panel Wednesday at the NAB Show New York. “We are committed to 10 p.m. and continuing our
The CW is about to enter a new ownership era, as local TV giant Nexstar Media Group has confirmed a pending deal to acquire a 75% stake in the 16-year-old broadcast operation. Warner Bros Discovery and Paramount Global will each retain a 12.5% ownership interest in the CW and will continue to produce scripted content