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Nexstar-Tribune merger reignites calls for 39% cap change

After all the political hoo-ha which saw Sinclair Broadcast’s $3.9 billion takeover of Tribune Media eventually derailed back in August, in a virtually inevitable series of events, it turns out Tribune could now end up under control of the country’s second largest local TV station owner, Nexstar, in a deal valued at $4.1 billion. Tribune really, really wants a buyer. If approved, the merger would propel Nexstar beyond Sinclair into top spot, but Nexstar risks falling into the same trap as Sinclair and – crucially – Nexstar does not benefit from a certain Presidential blessing which Sinclair was almost able to flaunt to full effect. Nexstar alone reaches 39% of TV households in the US, the legal limit for a…

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