Updated Top 30 Station Groups: Nexstar Retains Top Spot, Gray Now No. 2 As FCC-Rejected Standard General Drops Off
After the $8.6 billion buyout of Tegna by Standard General was derailed by the FCC at the end of May, Gray steps into second place behind No. 1 Nexstar. Tegna, Sinclair and Fox round out the top 5.
Top 30 Station Groups: Standard General Leaps Into Second Place With Tegna Acquisition
When the $5.4 billion buyout of Tegna is OK’d, Standard General, with Soo Kim and Deb McDermott in charge, will be a new major force, second only to Nexstar on the TVNewsCheck-BIA Advisory Services annual list of the television station groups ranked by total revenue.
Top 30 Station Groups: Nexstar Still No. 1; Gray, Scripps, Allen Busy Buyers
Nexstar tops the TVNewsCheck-BIA Advisory Services’ annual list of the Top 30 groups ranked by total revenue for the third year in a row. But with the sale of Meredith’s and Quincy’s stations to an acquisitive Gray, the top 10 slots are rearranged following an active 12 months of M&A.
TV Group Ranking Could See Shake-Up In ’11
While there was little movement in the rankings during 2010 (the top five groups remain Ion Media Networks, Univision, Trinity, CBS and Fox), that could change very soon. With an improving economy and much better bottom lines at both the stations and groups, it’s likely there will be some significant station trading this year.
