FCC chair Pai seeks approval for Nexstar-Tribune merger

Federal Communications Commission chairman Ajit Pai on Friday sought approval from his colleagues for an order to approve Nexstar Media Group Inc’s acquisition of Tribune Media Co in a $6.4 billion tie-up, a spokeswoman for the agency said. Last month, the U.S. Justice Department approved the deal, saying the companies must divest television stations in 13 markets to resolve antitrust concerns. Pai’s order needs the consent of a majority of the five-member FCC.

source https://finance.yahoo.com/news/fcc-chair-pai-seeks-approval-213703124.html?.tsrc=rss

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