Spectrum Auction Lends Uncertainty to Nexstar Merger Timing

Nexstar Broadcasting Group’s $4.6 billion bid to acquire Media General, Inc. will likely win the approval of the Federal Communications Commission, which is delaying a decision until its latest round in the broadcast spectrum auction concludes either later this year or in the first quarter of next year, an independent media research analyst told CTFN.

“I don’t see any hitches here,” said Craig A. Huber of Huber Research Partners in Greenwich, Connecticut. “The FCC wants the

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Robert W. Welkos

Robert W. Welkos

Robert Welkos began reporting for CTFN in August of 2014. He covers utility, cable, and banking deals, among other matters and has proven adept at picking apart state regulatory processes. He was a reporter for the Los Angeles Times and shared in two Pulitzer Prizes awarded to the newspaper’s Metro staff. He has reported on numerous state and federal trials and served as the Times’ entertainment industry legal affairs writer covering Hollywood and the law. Robert was also a correspondent for the Associated Press. He is based in Los Angeles.

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