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Nexstar CEO On CBS Stations – Can’t Buy Them Under Current Regulatory Regime “But If That Were To Change, Maybe Our Opinion Would Change”
Nexstar CEO Parry Sook said the company won't make a run at CBS stations in the current regulatory climate but might look if that changes.
With Paramount Global and its assets currently in play, Nexstar CEO Perry Sook was asked on a call today if the nation’s biggest broadcast might look at CBS stations. Apollo can, but it already owns stations and might run up against the current ownership cap – an issue that already scuttled one big deal it was part of, for Tegna, last year. “We look at the balance sheet as an asset of the company, and one of the ways that we produced an outsized return was by taking some big swings,” like buying Media General and Tribune.
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