FOX to acquire US-based TV stations from Nexstar Media Group for $350m.

FOX, an American television broadcasting company, agreed to acquire US-based TV stations from Nexstar Media Group, a publicly traded American telecommunications company, for $350m. As part of the buy/sell agreement FOX sold Charlotte’s TV stations to Nexstar. “The planned transactions with FOX address all of these strategic objectives and the net financial result is embedded in our pro-forma average annual free cash flow guidance for the 2019/2020 cycle of approximately $1bn," Perry Sook Nexstar Media Group Chairman, President and CEO.