Perkins Coie Representing Fox Corporation in Acquisition of Television Stations from Nexstar Media

NEW YORK and WASHINGTON, D.C. (November 7, 2019) - Perkins Coie is pleased to announce that it is representing Fox Corporation in its acquisition of three major-market television stations from Nexstar Media Group for a purchase price of $350 million.

The three Nexstar stations being purchased by Fox Corporation are located in Seattle and Milwaukee and will expand the market presence of Fox Television Stations to 14 of the top 15 television markets. As part of the transaction, the firm is also representing Fox Corporation in its agreement to sell to Nexstar two Fox owned-and-operated stations in the Charlotte, North Carolina, market for $45 million. The two transactions are anticipated to close in the first half of 2020, subject to all necessary regulatory approvals.

The Perkins Coie deal team is led by Partner Eric Dodson Greenberg, of the firm's New York and Washington, D.C. offices, with assistance from Partners Tom Cristy, Carl Crow, Char Eberhardt, Julie Lucht, Marc Martin, Barry Reingold, Liana Spendlove and Sloane Wildman. The team is also led by Counsel Kyle Simon, and includes Staff Attorney Betsy Kristoferson and Associates Allix Hellman, Jonathan Jimenez, Lisa Manrique, Maria Rydder, Alice Townes and Tomer Vandsburger.