At 39%, Sook, Smith Set Different Courses

Now that Nexstar has signed a definitive agreement to absorb Media General for $4.6 billion, Nexstar joins Sinclair in having hit the FCC ceiling on station ownership. The groups CEOs — Perry Sook and David Smith, respectively — have a lot in common, but their post-consolidation strategies are diverging. Smith wants Sinclair to be a national programmer; Sook simply wants to get the most out of what he’s got.

Source: At 39%, Sook, Smith Set Different Courses

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