Nexstar Media Releases Statement on FCC Ruling Regarding Its Relationship With WPIX-TV
Nexstar Media Group, Inc. (NXST)
Last nexstar media group, inc. earnings: 2/26 07:04 am
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businesswire.com/news/home/20180112005100/en/nexstar-media-group-report-2017-fourth-quarter
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Source: Business Wire
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (Nasdaq: NXST), today released the following statement from its Chairman and Chief Executive Officer, Perry Sook, about the FCC’s action regarding the Company’s relationship with WPIX-TV in New York City:“We are extremely disappointed in today’s action by the Federal Communication Commission regarding our relationship with WPIX-TV and we intend to dispute it vigorously. We believe the FCC has been misled by the often distracting noise in the media ecosphere and that it has completely misjudged the facts. The facts are that Nexstar has always complied with FCC regulations and that its relationship with WPIX-TV under a Local Marketing Agreement (LMA) was approved by the FCC in 2020, when WPIX-TV was purchased by Mission Broadcasting, Inc. Nexstar believes that joint operating, shared service, and local marketing agreements like those in which it is engaged are vitally important to maintain a competitive media marketplace and
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- 4/16/24 - Form 4
- 4/12/24 - Form 4
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