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Mission Broadcasting Buying WPIX From Scripps

Y2kTheNewOldies

Y2kTheNewOldies

https://tvnewscheck.com/article/251137/mission-broadcasting-buying-wpix-from-scripps/

Mission Broadcasting (An associated Group that has LMA's with Nexstar) is in talks to get WPIX-TV from Scripps


E.W. Scripps said today that it has been informed that Nexstar Media Group Inc. has transferred its option to purchase Scripps’ New York CW affiliate WPIX to Mission Broadcasting and that Mission has exercised its option to purchase the station.

The option price is $75 million plus accrued interest, to be calculated on the period between the Sept. 19, 2019, purchase date of WPIX by Scripps and the option sale closing date.

Scripps purchased WPIX as part of its acquisition of eight television stations in seven markets from Nexstar. Those stations were being divested in connection with Nexstar’s acquisition of Tribune Media in September 2019.
Click to expand...
 
tvnewscheck.com

Scripps Completes Sale Of WPIX

The E.W. Scripps Co. today closed on the sale of WPIX New York to Mission Broadcasting Inc. Scripps purchased WPIX as part of its acquisition of eight television stations in seven markets from Nexstar. Those stations were being divested in connection with Nexstar Media Group’s acquisition of...
tvnewscheck.com tvnewscheck.com

Update WPIX-TV is now sold to Mission Broadcasting a Nexstar associated company.
 
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