Tom Carter, a longtime former Nexstar exec who is now a senior advisor to the CEO and board of directors, says the company could acquire Disney’s local ABC TV stations with “little friction” if they become available.
Disney CEO Bob Iger spurred talk of a potential sale of the eight stations over the summer when he said some of the company’s linear TV holdings “may not be core” to the company in the future.
Private equity firms are among those putting out feelers, given their sizable investments in local TV in recent years. Nexstar is a poster child for growth through M&A, with Carter estimating that the company pulled off about 40 acquisitions in his first 10 years at the company.
Multi-billion-dollar deals for Media General and Tribune Media vaulted what had been a boutique Texas firm two decades ago to the No.
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