Now that Nexstar has outlasted Meredith for a takeover bid of Media General, Cox Communications plans to try and block it.
Cox is in retransmission battles with Nexstar and doesn't want the group growing more powerful by acquiring Media General.
“Nexstar is demanding Cox Communications customers pay triple the current price for retransmission consent or Nexstar will remove their signal from the Cox Communications lineup on January 29,” Cox said in a statement. “Nexstar won't even accept the very same rate that stations they manage agreed to just two weeks ago. As reported in Broadcasting and Cable Magazine, 'Nexstar sees the merger as a way to improve retransmission consent renegotiations.'”
Read the full story in Broadcasting & Cable