Nexstar, Media General Ask FCC To OK Deal Mid-Auction

Law360, Washington (September 22, 2016, 5:34 PM EDT) -- The Federal Communications Commission should let Nexstar Broadcasting Group Inc. complete its $4.6 billion acquisition of Media General Inc. before the broadcast incentive auction ends, the companies told the regulator Wednesday, as waiving rules against major ownership changes mid-auction would best benefit the public interest.

Nexstar and Media General, which had won the U.S. Department of Justice's approval for the buy earlier this month with the sale of seven TV stations, said Wednesday that the deal should be “untethered” from the auction’s pace. The incentive auction involves...
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