117-580: Nexstar Media Group, Inc. is an American publicly traded media company with headquarters in Irving, Texas , Midtown Manhattan , and Chicago . The company is the largest television station owner in the United States, owning 197 television stations across the U.S., most of which are affiliated with the four "major" U.S. television networks and MyNetworkTV in markets as large as New York City and as small as San Angelo, Texas . It also operates all of
234-493: A shared services agreement . The sale was completed on December 1, 2014. In 2015, Nexstar sold off the licensee assets of WLYH-TV , the CW affiliate to Howard Stirk Holdings . On March 13, 2014, Nexstar announced that it would purchase Internet Broadcasting, for $ 20 million. The company had also recently acquired competitor Inergize Digital through its purchase of assets from Newport Television, followed by Enterprise Technology Group,
351-698: A Diversity Index developed by Brown University's American Communities Project. The same survey said Irving was the eighth-most diverse city at a neighborhood level (again among cities with over 200,000 residents); Irving was the highest-ranked city in Texas at the city level and behind only Garland, TX at the neighborhood level. According to the 2010 census, the racial makeup of the city was 53.1% White (30.8% non-Hispanic white ), 12.3% African American , 0.9% Native American , 14.0% Asian , 0.1% Pacific Islander , 16.2% from other races , and 3.5% from two or more races . Hispanic or Latinos of any race were 41.1% of
468-560: A MyNetworkTV-affiliated subchannel of NBC affiliate WISE-TV on August 1. The network also moved its affiliation in Springfield, Missouri from KSFX-TV (operated in a duopoly with area CBS affiliate KOLR ) to upstart MyNetworkTV affiliate KRBK on September 1, 2011, with both stations becoming independents . Nexstar chose to drop Fox from WFXW in Terre Haute, Indiana and re-affiliate with ABC on September 1, 2011 (becoming
585-517: A car, which increased to 4.9 percent in 2016. The national average was 8.7 percent in 2016. Irving averaged 1.75 cars per household in 2016, compared to a national average of 1.8 per household. The Las Colinas Urban Center is served by the Las Colinas APT System , a people-mover that connects businesses and entertainment areas. Irving's sister cities are: Federal Trade Commission The Federal Trade Commission ( FTC )
702-446: A corporate reorganization, under which its primary subsidiaries of Nexstar Broadcasting and Nexstar Digital were merged into the operating subsidiary Nexstar, Inc. A carriage dispute with Dish Network began on December 2, 2020, and ended by Christmas Eve , which resulted in the removal of at least 164 Nexstar stations in 115 markets, covering about 63-percent of TV homes, from its services. On December 16, 2020, Nexstar announced it
819-400: A definitive agreement" to acquire 75-percent ownership in the network, while Paramount and WBD would each retain 12.5-percent ownership. Based on media industry reports, Nexstar would reportedly assume "a significant portion" of the network's current losses. The deal did not require regulatory approval, but had to perform financial closure conditions at the company's fiscal third quarter, i.e. by
936-581: A driver of inflation for grocery prices. In August 2024, it announced it would be probing grocery prices to look for anti-competitive behavior and price gouging at chain supermarkets. In 2023, the FTC proposed a new rule that would ensure that the cancellation process of subscription services is as easy as the process of signing up. On October 16, 2024, the FTC announced the new rule, dubbed "click to cancel", requiring companies to make subscription services "as easy for consumers to cancel their enrollment as it
1053-450: A fact that was only disclosed in legalese, buried within the end user license agreement. The FTC secured a consent decree in the case. In In re Gateway Learning Corp. the FTC alleged that Gateway committed unfair and deceptive trade practices by making retroactive changes to its privacy policy without informing customers and by violating its own privacy policy by selling customer information when it had said it would not. Gateway settled
1170-461: A female householder with no husband present, and 37.5% were non-families. 30.1% of all households were made up of individuals, and 4.5% had someone living alone who was 65 years of age or older. The average household size was 2.61 and the average family size was 3.31. In the city, 29% of the population was under the age of 19, 8% was between ages 20 to 24, 35.8% from 25 to 44, 20.3% from 45 to 64, and 6.9% were 65 years of age or older. The median age
1287-480: A fine of US$ 50.1 million on OMICS companies. OMICS' lawyer said that this was an unfair allegation and that OMICS would sue FTC for $ 3.11 billion in damages, saying it had caused loss of revenue and reputation. In In the Matter of Sears Holdings Management Corp. , the FTC alleged that a research software program provided by Sears was deceptive because it collected information about nearly all online behavior,
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#17327826533861404-464: A global contact center provider, Zale Corporation , Fluor Corporation , Flowserve , NCH Corporation , ITW Polymers Sealants North America, Celanese Corporation , a leading producer of specialty chemicals, Vistra Energy and its subsidiary TXU Energy , McKesson Corporation , and LXI Enterprise Storage. In June 2022, Caterpillar Inc , a construction and mining equipment manufacturer, announced it would move its headquarters to Irving. The city
1521-468: A merger with) a termination fee of $ 60 million and gave Meredith right of first refusal to acquire any broadcast or digital properties that may be divested during the purchase. The deal also included contingent value rights for Media General shareholders if it sold spectrum from its stations during the FCC's spectrum incentive auction (a clause that Meredith did not exercise). On May 27, 2016, Nexstar announced
1638-595: A number of regulations (codified in Title 16 of the Code of Federal Regulations ). The broad statutory authority granted to the FTC provides it with more surveillance and monitoring abilities than it actually uses. The FTC is composed of five commissioners, who each serve seven-year terms. Members of the commission are nominated by the President and subject to Senate confirmation, and no more than three FTC members can be of
1755-423: A partnership between 21st Century Fox and private equity firm Blackstone Group . However, on May 8, 2017, it was announced that Tribune reached a deal to be acquired by Sinclair Broadcast Group . On May 26, 2017, it was reported by DealReporter that Nexstar might be considering a bid to acquire Tegna Inc. , although such a deal would likely require significant divestments due to ownership conflicts and exceeding
1872-409: A partnership with SportsGrid Inc. to offer the latter's sports betting - and fantasy sports -focused FAST streaming channel SportsGrid as a digital multicast network starting September 1, 2021. A new digital subchannel network, Rewind TV , was launched on September 1, 2021, featuring classic TV shows from the 1980s and 1990s. The Wall Street Journal reported on January 5, 2022, that Nexstar
1989-565: A population of 256,684 according to the 2020 United States Census , making it the twelfth-most populous city in Texas, and the 88th most populous in the U.S. Irving includes the Las Colinas mixed-use master-planned community and part of the Dallas Fort Worth International Airport . Irving was founded in 1903 by J.O. "Otto" Schulze and Otis Brown. It is believed literary author Washington Irving
2106-607: A primary affiliation of one station to joining an existing MyNetworkTV-affiliated digital subchannel of a competing Big Three station, with MyNetworkTV going to a secondary affiliation: in Evansville , Fox moved from WTVW (which then became an independent station and later joined the CW ) to a MyNetworkTV-affiliated subchannel of CBS affiliate WEVV-TV on July 1, while in Fort Wayne , the Fox affiliation moved from WFFT-TV to
2223-469: A principal of Superior Communications, who owned the WDKY property, making the sale to Nexstar a homecoming of sorts. WDKY's transaction was completed on September 17, 2020. On September 28, 2015, Nexstar announced that it had presented an unsolicited offer to buy Media General for $ 4.1 billion (including debt). Per share, shareholders of Media General would receive $ 10.50 in cash and 0.0898 shares of Nexstar,
2340-578: A review of the price lists, on-site training of the staff, and follow-up testing and certification on compliance with the Funeral Rule ." In the mid-1990s, the FTC launched the fraud sweeps concept where the agency and its federal, state, and local partners filed simultaneous legal actions against multiple telemarketing fraud targets. The first sweeps operation was Project Telesweep in July 1995 which cracked down on 100 business opportunity scams. In
2457-583: A role in front of the curtain as musicians, actors, and artists, or behind the scenes as planners, technicians, directors and more. The Irving Arts Center is a Smithsonian Affiliate. The city owns and operates four historical museums: The Jackie Townsell Bear Creek Heritage Center, The Ruth Paine House Museum, and The Mustangs of Las Colinas Museum. A fourth historical museum, the Irving Archives and Museum, opened in February, 2020. Irving serves as
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#17327826533862574-639: A separate deal worth $ 350 million. Nexstar made the transactions to pay down debt and consolidate operations in the Southeast. The sale closed on March 2, 2020. As part of a settlement between the parties in litigation over the failed deal, Sinclair had to sell WDKY-TV in Lexington, Kentucky , and the non-license assets of KGBT-TV in Harlingen, Texas , to Nexstar Media Group for $ 60 million on January 27, 2020. The company's founder, Perry Sook, had once been
2691-999: A spun-off joint venture between LIN Media and Fox Television Stations . The providers were merged to form Lakana, led by former ETG CEO Phillip Hyun. On October 23, 2014, Nexstar bought out KASW in Phoenix from SagamoreHill Broadcasting and Meredith Corporation , and it was completed on January 30, 2015. On February 2, 2015, Nexstar finalized its acquisition of Yashi , a location-focused, video-advertising and programmatic-technology company, for $ 33 million. On November 17, 2015, Nexstar announced its intent to purchase West Virginia Media Holdings ' stations ( WOWK-TV in Charleston, WBOY-TV in Clarksburg, WVNS-TV in Ghent, and WTRF-TV in Wheeling) for $ 130 million. The company took over
2808-429: A total equivalent of $ 14.50 per share. Nexstar's offer was seen by analysts as a maneuver to torpedo the merger of Media General with Meredith Corporation (announced on September 8). If Media General agreed to the counteroffer within a 20-day period, Nexstar would expand its portfolio to 114 television stations, pending spinoffs in markets where both own stations and federal approval. On November 16, Media General rejected
2925-692: Is also home to the national headquarters of the Boy Scouts of America . The headquarters of Nokia America and NEC Corporation of America are in Irving. The American headquarters of BlackBerry was in Irving. Perhaps as a result of the Nokia-Irving connection, Irving is twinned with Nokia's headquarters city, Espoo in Finland . Irving is also the Headquarters of OSG USA INC., which
3042-617: Is an independent agency of the United States government whose principal mission is the enforcement of civil (non-criminal) antitrust law and the promotion of consumer protection . The FTC shares jurisdiction over federal civil antitrust law enforcement with the Department of Justice Antitrust Division . The agency is headquartered in the Federal Trade Commission Building in Washington, DC . The FTC
3159-710: Is centered near the intersection of 114 and the Bush turnpike. Irving is one of 13 member-cities of the Dallas region's transit agency, Dallas Area Rapid Transit (DART). Currently, Irving is served by numerous bus routes and has two stops along the Trinity Railway Express commuter rail route. In addition, DART's Orange Line through runs through Irving and Las Colinas to DFW Airport. This connects northern Irving with Dallas through rail in addition to bus routes. In 2015, 4.5 percent of Irving households lacked
3276-567: Is home to Cistercian Preparatory School , a university-preparatory school for boys, grades 5 through 12. Irving is also home to The Highlands School , a university-preparatory school for pre-kindergarten through 12th grade. One Catholic Pre-K–8th grade school, Holy Family Catholic Academy, is in Irving. Irving is also home to the Islamic School of Irving (Pre-K–12). The Sloan School (Pre-K–5) and StoneGate Christian Academy (K4–12) are Christian private schools in Irving. The city
3393-600: Is home to many Fortune 500 companies and the Las Colinas Entertainment District. It also includes part of the Dallas/Fort Worth International Airport . Irving also includes Valley Ranch , a master-planned development . The warmest month on average is July, and the highest recorded temperature was 112 °F (44 °C) in 1980. The average coolest month is January, and the lowest recorded temperature
3510-607: Is the Asian Indians . As of 2009 the Indians have mainly settled in proximity to high technology companies, into an area in western Irving along Texas State Highway 114 . To absorb the Indian population, dense condominium and rental properties have opened in western Irving. There were 82,538 households, out of which 33.4% had children under the age of 18 living with them, 43.1% were married couples living together, 13.6% had
3627-559: Is the North American Subsidiary of OSG Corporation in Japan. OSG is a leading provider of high end cutting tools used in industries such as automotive and aerospace. The Irving Arts Center, owned by the city, is a home for the arts, housing 10 resident arts organizations. Resident Organizations provide cultural programs for the community, and opportunities to participate in the creative process. Community members can play
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3744-667: Is the site of the University of Dallas and North Lake College , a campus of Dallas College . In addition, DeVry University has a campus in Irving. Several highways transverse Irving. The Airport Freeway, SH 183 , runs east–west in the city center, while LBJ Freeway or I-635 crosses the city's northern edge in the same direction. John Carpenter Freeway, SH 114 , and the President George Bush Turnpike create an X running northwest-to-southeast and southwest-to-northeast respectively. The Las Colinas area
3861-677: Is to be denied a written, retainable copy of the GPL. In 1996, the FTC instituted the Funeral Rule Offenders Program (FROP), under which "funeral homes make a voluntary payment to the U.S. Treasury or appropriate state fund for an amount less than what would likely be sought if the Commission authorized filing a lawsuit for civil penalties. In addition, the funeral homes participate in the NFDA compliance program, which includes
3978-484: The 2019–2020 coronavirus pandemic . According to the United States Census Bureau , the city has a total area of 67.7 square miles (175 km ), of which 67.2 square miles (174 km ) is land and 0.4 square miles (1.0 km ) (0.65%) is water. Irving includes the Las Colinas planned community , a mixed-use development with a land area of more than 12,000 acres (4,856 ha) that
4095-436: The 2020 United States census , there were 256,684 people, 86,023 households, and 57,330 families residing in the city. Irving has been noted for its racial and ethnic diversity. A 2012 study by the real estate website Trulia found that Irving's 75038 zip code was the most diverse zip code in the United States, while Irving was ranked as the ninth-most diverse city in the United States with over 200,000 residents according to
4212-787: The Dallas Independent School District (DISD) opened North Lake Early College High School , which has a campus for students in grades 9–10 at North Lake South. The school is not within DISD's boundaries but DISD is allowed to operate it as such under Texas law. Uplift Education, a charter school operator, has its administrative offices in Irving. Uplift has two charter school campuses in Irving: Infinity Preparatory (K–12) and North Hills Preparatory (K–12). Winfree Academy Charter School and Manara Academy Elementary are in Irving. Irving
4329-685: The Raycom Media / Gray Television merger. In spring 2019, Nexstar launched Border Report , a website focusing on news stories from the Mexico–United States border . On November 5, 2019, it was announced that Nexstar would acquire Fox Television Stations -owned WJZY and MyNetworkTV outlet WMYT-TV in Charlotte, North Carolina for $ 45 million. In turn, it also announced that it would sell its duopoly of Seattle -based KCPQ and KZJO (along with Milwaukee -based WITI ) to FTS in
4446-587: The United States Department of Justice approved the deal between Nexstar Media Group and Tribune Media. The merger was approved by the FCC on September 16, and would be consummated three days later. On January 15, 2020, Nexstar announced a national newscast called NewsNation on WGN America . The program launched September 1, 2020. On March 1, 2021, the WGN America channel was renamed NewsNation . On October 22, 2020, Nexstar underwent
4563-412: The funeral home industry in order to protect consumers from deceptive practices. The FTC Funeral Rule requires funeral homes to provide all customers (and potential customers) with a General Price List (GPL), specifically outlining goods and services in the funeral industry, as defined by the FTC, and a listing of their prices. By law, the GPL must be presented on request to all individuals, and no one
4680-444: The 1909 establishment of Kit and Lively schools. Population growth was slow and sometimes halting, with only 357 residents in 1925, but a significant increase began in the 1930s. By the early 1960s the city had a population of approximately 45,000. A number of manufacturing plants operated in Irving, along with transportation , retail and financial businesses. The University of Dallas in Irving opened in 1956, and Texas Stadium
4797-628: The 2021 United States Supreme Court case, AMG Capital Management, LLC v. FTC , the Court found unanimously that the FTC did not have power under 15 U.S.C. § 53(b) of the FTC Act, amended in 1973, to seek equitable relief in courts; it had the power to seek only injunctive relief. In 2023, Project 2025 suggested that an administration could abolish the FTC. In November 2024, U.S. District Judge Amit Mehta agreed with Assistant Attorney General Jonathan Kanter and FTC Chair Khan, ruling
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4914-657: The Bureau of Competition, the Bureau of Consumer Protection, and the Bureau of Economics. The Bureau of Competition is the division of the FTC charged with elimination and prevention of "anticompetitive" business practices. It accomplishes this through the enforcement of antitrust laws, review of proposed mergers , and investigation into other non-merger business practices that may impair competition. Such non-merger practices include horizontal restraints, involving agreements between direct competitors, and vertical restraints , involving agreements among businesses at different levels in
5031-650: The FCC's market cap of 39-percent of TV households and making it the largest owner of television stations in the United States. Nexstar planned to divest some stations and "non-core" assets as part of the merger. On March 20, 2019, Nexstar announced that it would divest 19 stations to the E. W. Scripps Company and Tegna Inc. for a total sum of $ 1.32 billion, with Scripps receiving eight stations ( WPIX , WSFL-TV , WTKR and WGNT , WTVR-TV , WXMI , KSTU , and KASW ), and Tegna eleven ( WATN-TV and WLMT , WTIC-TV and WCCT-TV , WOI-DT and KCWI , WNEP , WPMT , WQAD-TV , WZDX , and KFSM-TV ). Of those stations, only WPIX
5148-564: The FCC; the purchase, which was closed on September 2, created a duopoly with Nexstar's Fox affiliate KSWB-TV , and is set to replace KFMB-DT2 as San Diego's CW station. Between June 14 to August 31, Nexstar announced that it would convert MyNetworkTV affiliates in the displaced Philadelphia, San Francisco, and Tampa Bay markets ( WPHL-TV , KRON-TV , and WTTA , respectively) into CW stations, and signed several CW affiliation renewals (such as that with Gray, whose Atlanta-based WPCH-TV station would replace WUPA as that city's CW affiliate) to cover
5265-637: The FTC authorized an administrative complaint against the merger between Microsoft and Activision Blizzard , Inc. The FTC alleged the deal would suppress competitors from accessing future content/games developed by Activision once the deal goes through. The FTC dropped its lawsuit on July 20, 2023. Microsoft had to restructure its deal to appease UK regulators. Microsoft reneged on promises it made in court filings by laying off 1900 employees in January 2024, signaling that it did not plan to let Activision Blizzard remain as independent as it had promised and leading
5382-517: The FTC sued Meta (formally known as Facebook) for anticompetitive conduct under Section 2 of the Sherman Act , which prohibits improper monopolization of a market. The FTC accused Meta of buying up its competitors to stifle competition which reduced the range of services available to consumers and by creating fewer social media platforms for advertisers to target. In September 2013, a federal court closed an elusive business opportunity scheme on
5499-555: The FTC to continue to appeal the decision. In July 2021, the FTC voted unanimously to enforce the right to repair as policy and to look to take action against companies that limit the type of repair work that can be done at independent repair shops. In October 2024, following a comment by the FTC to the US Copyright Office , an exemption was granted allowing for repair of retail-level food preparation equipment, such as McDonald's ice cream machines . In December 2020
5616-597: The FTC's success in blocking or unwinding of hospital consolidations or affiliations: In 2011, the FTC successfully challenged in court the $ 195 million acquisition of Palmyra Medical Center by Phoebe Putney Memorial Hospital. The FTC alleged that the transaction would create a monopoly as it would "reduce competition significantly and allow the combined Phoebe/Palmyra to raise prices for general acute-care hospital services charged to commercial health plans, substantially harming patients and local employers and employees". The Supreme Court on February 19, 2013, ruled in favor of
5733-469: The FTC. Similarly, court attempts by ProMedica health system in Ohio to overturn an order by the FTC to the company to unwind its 2010 acquisition of St. Luke's hospital were unsuccessful. The FTC claimed that the acquisition would hurt consumers through higher premiums because insurance companies would be required to pay more. In December 2011, an administrative judge upheld the FTC's decision, noting that
5850-408: The FTC. They were banned from processing credit card transactions, though the initial monetary judgment of $ 5.8 million was suspended due to the defendant's inability to pay. In 2016, the FTC launched action against the academic journal publisher OMICS Publishing Group for producing predatory journals and organizing predatory conferences . This action, partly in response to ongoing pressure from
5967-517: The Fox affiliation in the Springfield, Missouri market. In July 2012, Nexstar agreed to purchase eleven stations and Inergize Digital Media from Newport Television , with two stations going to affiliate Mission Broadcasting. On August 12, 2012, Nexstar sold KBTV-TV to Deerfield Media , which entered into a JSA and SSA with Sinclair Broadcast Group to become a duopoly with KFDM-TV . On April 24, 2013, Nexstar announced that it would acquire
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#17327826533866084-481: The Fox affiliation then moved to a digital subchannel of CBS affiliate WTHI-TV which also added MyNetworkTV as a secondary affiliation. Nexstar's remaining Fox affiliates have since signed a renewal agreement through December 2013; In addition, following the settlement of Nexstar's antitrust lawsuit against WISE-TV's then-owner Granite Broadcasting , WFFT-TV reclaimed the Fox affiliation on March 1, 2013. Nexstar would purchase KRBK in late 2018, restoring its ownership of
6201-890: The Irving Health Center. The United States Postal Service operates post offices in Irving. The Irving Main Post Office is at 2701 West Irving Boulevard. Other post offices in the city include Central Irving, Las Colinas, and Valley Ranch. The Irving Independent School District (IISD) serves most of Irving. Other areas are served by the Carrollton-Farmers Branch Independent School District (CFBISD), Coppell Independent School District (CISD), and Grapevine-Colleyville Independent School District . The major high schools that serve Irving are: In 2014, 3,821 of CFBISD's 26,239 students resided in Irving. In 2019
6318-557: The November 2008 elections, Irving banned the sale of alcoholic beverages in stores, making it the largest in population dry suburb in North Texas. In 2004 the pro-alcohol measure failed with 63% of voters opposing the measure. In 2006, 52% voted against the measure. On the third attempt, with heavy monetary backing by retailers, voters narrowly voted in favor of the measure in 2008. People in favor of changing Irving's liquor laws saw
6435-1144: The Roanoke and Lafayette stations are required as Media General and Nexstar both own stations in those markets). On June 3, 2016, it was announced that Nexstar would spin off WBAY-TV in Green Bay , Wisconsin and KWQC-TV in Davenport , Iowa to Gray Television for $ 270 million. On June 13, 2016, Nexstar announced that it would sell WFFT in Fort Wayne , Indiana ; KQTV in St. Joseph , Missouri ; KIMT in Rochester , Minnesota ; WTHI-TV in Terre Haute ; and WLFI in Lafayette, Indiana to Heartland Media , through its USA Television MidAmerica Holdings joint venture with MSouth Equity Partners, for $ 115 million. The divestitures were in order to allow Nexstar to comply with FCC ownership rules (specifically pertaining to national market coverage for station owners) in advance of
6552-547: The Rockford area and would have a market share of 64%. Later in 2012, OSF announced that it had abandoned its plans to acquire Rockford Health System. The commission is headed by five commissioners, who each serve seven-year terms. Commissioners are nominated by the president and confirmed by the Senate . No more than three commissioners can be of the same political party . In practice, this means that two commissioners are of
6669-884: The Westin Irving Convention Center Hotel. The entertainment district also includes the Irving Convention Center at Las Colinas and the Toyota Music Factory, an entertainment complex with numerous restaurants, an Alamo Drafthouse Cinema, the Texas Lottery Plaza open-air performance stage and the Pavilion at the Toyota Music Factory concert venue. On May 8, 2020, the city's local poultry plant run by Westfield, Wisconsin -based Brakebush Bros. Inc reported 40 cases of COVID-19 among its workers during
6786-849: The academic community, is the first action taken by the FTC against an academic journal publisher. The complaint alleges that the defendants have been "deceiving academics and researchers about the nature of its publications and hiding publication fees ranging from hundreds to thousands of dollars". It additionally notes that "OMICS regularly advertises conferences featuring academic experts who were never scheduled to appear in order to attract registrants" and that attendees "spend hundreds or thousands of dollars on registration fees and travel costs to attend these scientific conferences." Manuscripts are also sometimes held hostage, with OMICS refusing to allow submissions to be withdrawn and thereby preventing resubmission to another journal for consideration. Library scientist Jeffrey Beall has described OMICS as among
6903-553: The agency also alleged that the companies created a rebate system that prioritized high rebates from drug manufacturers, among other factors. The agency stated that several PBMs failed to provide documents in a timely manner and warned that it could take the companies to court to force them to comply, during the announcment in the preliminary findings. In September 2024, the FTC sued the three largest pharmacy benefit managers (PBMs) for allegedly engaging in anti-competitive practices that increased their profits while artificially inflating
7020-473: The agency requested documents from the six largest PBMs as part of its investigation. The three largest – UnitedHealth Group's OptumRx , Cigna's Express Scripts and CVS Health's Caremark – manage about 80% of U.S. prescriptions. The top three PBMs share a parent company with a large medical insurance company . The FTC accused these companies of raising drug prices through conflicts of interest , vertical integration , concentration, and exclusivity provisions;
7137-721: The approval proceedings of the merger of both groups (Nexstar already owned NBC affiliate WTWO and operates ABC affiliate WAWV-TV in Terre Haute, and planned to acquire Media General-owned CBS affiliate WANE-TV in Fort Wayne). On June 30, 2016, Nexstar announced that it would sell KASA-TV in Santa Fe , to Ramar Communications, owner of Telemundo affiliate KTEL-CD (channel 15), Movies! affiliate KUPT-LD (channel 16), and MeTV affiliate KRTN-LD (channel 33), for $ 2.5 million. KASA and KRQE were both ranked among
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#17327826533867254-459: The behavior of ProMedica health system and St. Luke's was indeed anticompetitive. The court ordered ProMedica to divest St. Luke's to a buyer that would be approved by the FTC within 180 days of the date of the order. In November 2011, the FTC filed a lawsuit alleging that the proposed acquisition of Rockford by OSF would drive up prices for general acute-care inpatient services as OSF would face only one competitor (SwedishAmerican health system) in
7371-436: The biggest pay raises. It also allows workers to leave abusive work environments and can prevent some doctors from having to leave medicine once they leave a practice. The ban was put on hold by U.S. District Judge Ada Brown on July 3, 2024, but then upheld on appeal by U.S. District Judge Kelley B. Hodge on July 23, 2024. On August 20, 2024, a federal court in Texas overturned the FTC's ban on non-compete agreements, which
7488-491: The company a monopoly, and ordering Google to sell its Chrome web browser. The FTC ruled to ban virtually all non-competes nationwide in April 2024. The agency estimates 30 million workers are bound by these clauses and only excludes senior executives from the ban on enforcing non-competes. The agency believes that this will allow workers to find better working conditions and pay, since switching companies, on average, provides
7605-542: The complaint by entering into a consent decree with the FTC that required it to surrender some profits and placed restrictions upon Gateway for the following 20 years. In addition to prospective analysis of the effects of mergers and acquisitions, the FTC has recently resorted to retrospective analysis and monitoring of consolidated hospitals. Thus, it also uses retroactive data to demonstrate that some hospital mergers and acquisitions are hurting consumers, particularly in terms of higher prices. Here are some recent examples of
7722-597: The courts. With the 1912 presidential election decided in favor of the Democrats and Woodrow Wilson , Morgan reintroduced a slightly amended version of his bill during the April 1913 special session. The national debate culminated in Wilson's signing of the FTC Act on September 26, 1914, with additional tightening of regulations in the Clayton Antitrust Act three weeks later. The new FTC would absorb
7839-473: The deal was completed on March 13. KCAU continued to use Citadel's standardized news sets, graphics and logos. On November 6, 2013, Nexstar announced that it would purchase the Grant Broadcasting stations for $ 87.5 million. Due to Federal Communications Commission ownership regulations, one of the stations, KLJB , was spun off to Marshall Broadcasting Group , but is operated by Nexstar through
7956-689: The deal. The Federal Communications Commission (FCC) gave final approval of the group deal on December 21, and the Sinclair purchase of the Four Points stations was completed on January 1, 2012. In 2011, Nexstar and Fox entered into a dispute over terms of reverse compensation ; this occurred as Fox began to aggressively seek shares of earnings from retransmission consent agreements with cable and satellite operators as part of affiliation agreement renewals between station groups with affiliates whose affiliation contracts had already expired (and carrying
8073-412: The defendants from falsely representing that their journals engage in peer review, that their journals are included in any academic journal indexing service or any measurement of the extent to which their journals are cited. It also requires that the defendants clearly and conspicuously disclose all costs associated with submitting or publishing articles in their journals." In April 2019, the court imposed
8190-404: The divestiture of stations to a minority-owned broadcaster as a token to gain FCC approval for the associated acquisitions. A carriage dispute with AT&T resulted in the removal of more than 120 Nexstar stations across 97 markets from AT&T's DirecTV , DirecTV Now and U-verse platforms, which began at 11:59 p.m. on July 3, 2019, and ended on August 29, 2019. On August 1, 2019,
8307-581: The entire group of Communications Corporation of America , KMSS-TV , KPEJ-TV , and most of the ComCorp-managed stations that are owned by White Knight Broadcasting would be sold to Mission Broadcasting while WEVV-TV and White Knight Broadcasting's KSHV-TV would be sold to a female-controlled company called Rocky Creek Communications, with Nexstar assuming operational control of those stations. On September 16, 2013, Nexstar announced that it would acquire WOI-DT , KCAU-TV , and WHBF-TV from Citadel Communications for $ 88 million. Nexstar immediately took over
8424-498: The first speech on the House floor advocating its creation on February 21, 1912. Though the initial bill did not pass, the questions of trusts and antitrust dominated the 1912 election. Most political party platforms in 1912 endorsed the establishment of a federal trade commission with its regulatory powers placed in the hands of an administrative board, as an alternative to functions previously and necessarily exercised so slowly through
8541-565: The headquarters city for two college athletics conferences: the Big 12 Conference and American Athletic Conference . Irving Independent School District (IISD) high schools play football and other sports at the Joy and Ralph Ellis Stadium (formerly Irving Schools Stadium). The stadium is located between Lee Britain Elementary School and Bowie Middle School at 600 E 6th St. Irving
8658-437: The interest in the 2008 United States Presidential Election as a catalyst for changing the laws in their favor. In 2009 Irving had a city council that was entirely at-large. While Irving has a large population of racial minorities, the entire city council and the mayor's office, was entirely non-Hispanic White. Manny Benavidez, a resident of Irving, filed a lawsuit against the city in federal court in November 2007, saying that
8775-715: The latter two through a 31-percent stake in Television Food Network G.P. ). Nexstar Media Group was founded as Nexstar Broadcasting Group on June 17, 1996, initially backed by ABRY Partners. The first television station bought by Nexstar was WYOU in Scranton, Pennsylvania . Nexstar bought WYOU from Diversified Communications . The sale was completed on September 28 of that year. Nexstar promptly fired two beloved anchors and laid off several long-term staff members. Nexstar founder Perry Sook said that WYOU would be Nexstar's flagship station, keeping an office off
8892-486: The licensee rights of WLYH-TV from SJL Broadcasting for $ 56 million. On March 20, 2009, Nexstar operated television stations that were owned by Four Points Media Group through an outsourcing agreement. However, on September 8, 2011, Sinclair Broadcast Group announced its intent to purchase the Four Points stations outright and took over the MSA for the stations that October upon Federal Trade Commission (FTC) approval of
9009-530: The list price of insulin. The agency is seeking to prohibit the PBMs from favoring medicines because certain pharaceuticals make them more money. In February 2024, the FTC challenged the Kroger-Albertsons merger , arguing it would drive up grocery and pharmacy prices, worsen service, and lower wages and working conditions. In March 2024, the FTC released a report that found higher profit margins as
9126-582: The lone remaining station under Citadel ownership, would be sold to Nexstar for $ 1 million. The sale was completed on July 20. Irving, Texas Irving is a city in Dallas County, Texas , United States. It is part of the Mid-Cities region of the Dallas–Fort Worth metroplex and is an inner city suburb of Dallas . Irving is noted for its racial and ethnic diversity . The city had
9243-513: The most egregious of predatory publishers . In November 2017, a federal court in the Court for the District of Nevada granted a preliminary injunction that: "prohibits the defendants from making misrepresentations regarding their academic journals and conferences, including that specific persons are editors of their journals or have agreed to participate in their conferences. It also prohibits
9360-438: The network's programming without a contractual agreement) or were near expiration. Reportedly, the amount from retransmission consent fees from cable and satellite operators that Fox wanted its affiliates to pay the network would be 25 cents per subscriber during the first year of the affiliation agreement, increasing to 50 cents by the fourth year. President of affiliate sales and marketing for Fox, Mike Hopkins, had said earlier in
9477-432: The network; such right was announced on May 5, 2023, when the aforementioned stations would become independent on September 1. Nexstar responded to the move by stating that it would find replacement CW affiliates, noting that "Paramount's decision affects a limited portion of The CW's nationwide reach." The company announced on May 8 that it would buy KUSI-TV from McKinnon Broadcasting for $ 35 million, pending approval from
9594-729: The newsroom for years. In 1998, Nexstar purchased WBRE-TV in Wilkes-Barre , Pennsylvania . Because this was in the same market as WYOU, WYOU was 'sold' to Mission Broadcasting. This began the first-ever 'shared-services' agreement between stations. WYOU's sales staff was kept in Scranton, while the production and news operations were moved to WBRE's offices in Wilkes-Barre. WYOU staff who were not laid off were fired by Nexstar, hired by Mission, and eventually rehired by Nexstar. Mission Broadcasting then paid Nexstar to operate and control
9711-527: The offer but agreed to negotiate after concluding its merge with Meredith. On January 27, 2016, Media General announced that it had entered into a definitive agreement to be acquired by Nexstar in a deal valued at $ 17.14 per share, valuing the company at $ 4.6 billion plus the assumption of $ 2.3 billion debt. The combined company became known as Nexstar Media Group, and owns 171 stations, serving an estimated 39-percent of U.S. households. The company paid Meredith Corporation (whom Media General had previously proposed
9828-431: The only Nexstar station thus far to affiliate with another network following the removal of the Fox affiliation) as part of a long-term renewal agreement between Nexstar and ABC for the group's nine existing ABC stations, reversing a 1995 switch that saw Terre Haute losing over-the-air carriage of ABC programs (since then, ABC has been seen in the market via Indianapolis affiliate WRTV on area cable and satellite providers);
9945-450: The opposition party. However, three members of the FTC throughout its history have been without party affiliation , with the most recent independent, Pamela Jones Harbour , serving from 2003 to 2009. (chair) Yale Law School ( JD ) Yale Law School (JD) Yale Law School (JD) University of Utah Law School (JD) University of Virginia School of Law (JD) Notes As of 2021, there have been: The FTC has three main bureaus:
10062-434: The ownership cap. On November 14, 2018, after Tribune cancelled its proposed sale to Sinclair, it was reported that Nexstar was a leading bidder to acquire Tribune. On December 3, 2018, Nexstar announced its intent to merge with Tribune Media for $ 6.4 billion ($ 4.1 billion for all of Tribune's shares in cash and $ 2.3 billion of Tribune's debt). The merger would give the company 216 stations in 118 markets, placing it just below
10179-622: The population were below the poverty line , including 24.5% of those under age 18 and 9.4% of those age 65 or over. According to the city's 2021–2022 Comprehensive Annual Financial Report, the city's top employers are: Several large businesses have headquarters in Irving, including Nexstar Media Group , Aeroxchange , Caliber Home Loans, Nautilus Hyosung America, Inc. , Chuck E. Cheese , Cicis , Commercial Metals , Envoy Air (formerly American Eagle), Gruma , H.D. Vest , Kimberly-Clark , La Quinta Inns and Suites , Michaels Stores , 7-Eleven , Southern Star Concrete, Inc. , Stellar,
10296-649: The population. The largest group of Hispanic or Latinos were of Mexican origin , while those of Salvadoran heritage form the second largest group; in 2009 they formed 11.8% of those born outside of the United States. The Hispanic and Latino residents have moved into eastern Irving, which contains older neighborhoods than other areas of Irving. By 2020, the composition of Irving was 21.03% non-Hispanic white, 12.36% Black or African American, 0.29% Native American, 22.32% Asian, 0.1% Pacific Islander, 0.48% some other race, 2.34% multiracial, and 41.09% Hispanic or Latino of any race. The largest Asian American ethnic group in Irving
10413-716: The production and news-gathering operations while Mission kept the sales and management team. In 1997, Nexstar acquired WJET-TV in Erie, Pennsylvania , from Jet Broadcasting, for which it paid $ 18.5 million. On January 12, 1998, Nexstar acquired three stations owned by the U.S. Broadcast Group, including KFDX-TV , KBTV-TV , and KSNF , for $ 64.3 million. In 1999, Nexstar bought out WROC-TV in Rochester, New York , from Smith Broadcasting . In 2003, Nexstar acquired Quorum Broadcasting, owner of ten television stations. Also that year, it purchased KARK-TV and WDHN-TV from Morris Multimedia . In 2006, Nexstar bought out WTAJ-TV and
10530-556: The remaining displaced markets. Nexstar implemented a blackout on its stations from DirecTV, U-verse and DirecTV Stream on July 2, 2023, causing DirecTV to complain to the FCC. Nexstar responded to DirecTV's complaint by stating that DirecTV was streaming Nexstar stations after the contract expired in November 2022. Nexstar and DirecTV renewed their contract on September 17, 2023. On May 19, 2023, Ray Cole, COO of Citadel Communications , announced that WSNN-LD in Sarasota, Florida ,
10647-647: The request of the FTC, namely "Money Now Funding"/"Cash4Businesses". The FTC alleged that the defendants misrepresented potential earnings, violated the National Do Not Call Register , and violated the FTC's Business Opportunity Rule in preventing a fair consumer evaluation of the business. This was one of the first definitive actions taken by any regulator against a company engaging in transaction laundering, where almost US$ 6 million were processed illicitly. In December 2018, two defendants, Nikolas Mihilli and Dynasty Merchants, LLC, settled with
10764-471: The sale and cover debt. On April 8, 2019, Nexstar announced that it would sell 2 additional stations ( WISH-TV and WNDY ) to Circle City Broadcasting for $ 42.5 million. On April 3, 2019, Marshall Broadcasting Group sued Nexstar for breach of contract, alleging that the company was trying to "undermine" its operations so it could buy back the stations at a later date and lower cost in the present regulatory environment. The company also accused Nexstar of using
10881-745: The sales of five stations. WCWJ in Jacksonville , Florida , along with WSLS-TV in Roanoke , Virginia , was sold to the Graham Media Group ; and KADN-TV , as well as KLAF-LD in Lafayette , Louisiana , was sold to Bayou City Broadcasting , with KREG-TV in Glenwood Springs , Colorado going to Marquee Broadcasting as part of a series of divestitures required following Nexstar's acquisition of Media General due to Federal Communications Commission ownership caps (the sale of
10998-609: The same party . One member of the body serves as FTC Chair at the President's pleasure, with Commissioner Lina Khan having served as chair since June 2021. Following the Supreme Court decisions against Standard Oil and American Tobacco in May 1911, the first version of a bill to establish a commission to regulate interstate trade was introduced on January 25, 1912, by Oklahoma congressman Dick Thompson Morgan . He would make
11115-611: The same industry (such as suppliers and commercial buyers). The FTC shares enforcement of antitrust laws with the Department of Justice . However, while the FTC is responsible for civil enforcement of antitrust laws, the Antitrust Division of the Department of Justice has the power to bring both civil and criminal action in antitrust matters. The Bureau of Consumer Protection's mandate is to protect consumers against unfair or deceptive acts or practices in commerce. With
11232-467: The staff and duties of Bureau of Corporations , previously established under the Department of Commerce and Labor in 1903. The FTC could additionally challenge "unfair methods of competition" and enforce the Clayton Act's more specific prohibitions against certain price discrimination, vertical arrangements, interlocking directorates , and stock acquisitions. In 1984, the FTC began to regulate
11349-976: The start of October 2022, in order to complete the transaction; thus, Nexstar took over operations of the network on August 15. The transaction was completed on October 3. Following Nexstar's purchase of the CW, Paramount's CBS News and Stations division was given the right to have its eight CW stations ( WPSG in Philadelphia , WUPA in Atlanta , KBCW in San Francisco , KSTW in Seattle , WTOG in Tampa Bay , WKBD in Detroit , KMAX in Sacramento , and WPCW in Pittsburgh ) disaffiliate from
11466-932: The stations owned by affiliated companies, such as Mission Broadcasting and Vaughan Media , under local marketing agreements to satisfy existing regulations set in place by the Federal Communications Commission . In addition, Nexstar owns one radio station, WGN in Chicago , and operates major TV network the CW through a 75-percent majority stake where all CW affiliates are directly owned-and-operated stations (O&O), two terrestrial television networks airing classic shows, Antenna TV and Rewind TV , one FAST streaming channel airing sports programming, SportsGrid , and has full or partial ownership stakes in three pay television networks (cable news and entertainment network NewsNation and food and cooking networks Food Network and Cooking Channel ,
11583-983: The stations' non-license assets under a time brokerage agreement in December 2015 pending the formal completion of the deal, expected in late 2016. The two companies viewed the acquisition as being a complement to Nexstar's WHAG-TV , whose coverage area includes the Eastern Panhandle region. Nexstar CEO Perry A. Sook is an alumnus of WOWK. The sale was completed on January 31, 2017. On August 1, 2018, Nexstar bought out KRBK in Springfield from Koplar Communications for $ 16.45 million, and also bought out WHDF in Huntsville from Lockwood Broadcast Group for $ 2.25 million. On November 1, 2018, Nexstar bought out MyNetworkTV affiliate KFVE in Honolulu from American Spirit Media as part of transactions requiring from
11700-452: The stations' operations through a time brokerage agreement . The deal followed Phil Lombardo's decision to "slow down," as well as a desire by Lynch Entertainment to divest its investments in WOI and WHBF; Citadel would continue to own KLKN , WLNE-TV , and its Sarasota properties. On March 5, 2014, the Federal Communications Commission approved the sale of these stations to Nexstar outright and
11817-523: The three new council members were two minority council members. The city of Irving is a voluntary member of the North Central Texas Council of Governments association, the purpose of which is to coordinate individual and collective local governments and facilitate regional solutions, eliminate unnecessary duplication, and enable joint decisions. The Parkland Health & Hospital System (Dallas County Hospital District) operates
11934-484: The top four stations in the Albuquerque market during the November 2015 sweeps period, which meant that the company had to divest one of the two stations to comply with the FCC duopoly rules. The transaction was approved by the FCC on January 11, 2017, and the sale was completed on January 17. On April 30, 2017, The Wall Street Journal reported that there were competing bids for Tribune Media from Nexstar and
12051-418: The voting system was not in compliance with the 1965 Voting Rights Act . On July 15, 2009, a federal judge ruled that Irving is required to create a new electoral system so that racial minority representatives may be voted into office. In 2010 elections, which included one at-large seat and two district-seats, three new council members were elected, replacing two incumbents and adding a newly created seat. Among
12168-420: The written consent of the commission, Bureau attorneys enforce federal laws related to consumer affairs and rules promulgated by the FTC. Its functions include investigations, enforcement actions, and consumer and business education. Areas of principal concern for this bureau are: advertising and marketing, financial products and practices, telemarketing fraud , privacy and identity protection, etc. The bureau also
12285-560: The year that the network would consider moving its affiliation to another market station as a last resort if existing affiliates did not agree to the terms for reverse compensation retrans sharing. Fox dropped its affiliation from Nexstar-owned/managed stations in four markets, with three of the replacement stations adding Fox in addition to existing affiliations with the MyNetworkTV programming service (owned by Fox parent company News Corporation ). In Indiana, two markets saw Fox go from
12402-403: Was 31.3 years. For every 100 females, there were 99.9 males. For every 100 females age 18 and over, there were 98.6 males. The 2012 median income for a household in the city was $ 49,303, and the median income for a family was $ 54,755. Males had an estimated median income of $ 40,986 versus $ 36,518 for females. The per capita income for the city was $ 26,970. About 13.2% of families and 16.2% of
12519-451: Was a favorite of Netta Barcus Brown, and consequently the name of the town site, Irving, was chosen. Irving began in 1889 as an area called Gorbit, and in 1894 the name changed to Kit. Irving was incorporated April 14, 1914, with Otis Brown as the first mayor. By the late nineteenth century the Irving area was the site of churches , two cotton gins , a blacksmith shop and a general store. The Irving district public school system dates to
12636-525: Was a potential leading buyer of the CW, as the network's then-co-owners ViacomCBS (now known as Paramount Global ) and WarnerMedia (since spun-off from AT&T and merged with Discovery, Inc. to form Warner Bros. Discovery ) explored options in selling a majority stake in the joint venture network; the three companies had yet to comment on the WSJ report. In late August, as confirmation to another WSJ report made last June, Nexstar announced that it has "entered
12753-651: Was completed in 1971 as the home field of the Dallas Cowboys . The Chateau Theater opened in 1964 as part of a chain of premium, dollar, and drive-in theaters that stretched across North Texas and Oklahoma. Delta Air Lines Flight 191 crashed in Irving on August 2, 1985. Irving's population reached 155,037 in 1990 and the United States Census Bureau estimated 236,607 residents in 2016, a 3.5 percent population increase over 2013 census estimates. In 2000, an Oshman's Sporting Goods store
12870-598: Was established in 1914 with the passage of the Federal Trade Commission Act , signed in response to the 19th-century monopolistic trust crisis. Since its inception, the FTC has enforced the provisions of the Clayton Act , a key antitrust statute, as well as the provisions of the FTC Act, 15 U.S.C. § 41 et seq. Over time, the FTC has been delegated with the enforcement of additional business regulation statutes and has promulgated
12987-547: Was not associated with a duopoly, but rather its market size (an outright acquisition under current FCC rules would cause Nexstar to exceed the 39 percent cap). The transaction involving WPIX included a $ 75 million option condition allowing Nexstar to buy WPIX back between March 31, 2020, and the end of 2021. In the summer of 2020, the option was transferred to Mission Broadcasting (whose station acquisitions are largely funded by Nexstar) and exercised shortly thereafter. Nexstar stated that these divestitures would be used to help fund
13104-741: Was originally scheduled to take effect on September 4, 2024. U.S. District Judge Ada Brown said the FTC did not have the authority to issue the ban, which she said was "unreasonably overbroad without a reasonable explanation." Victoria Graham, an FTC spokeswoman responded to the ruling by stating "We are seriously considering a potential appeal..." The FTC successfully blocked Nvidia from purchasing ARM holdings in 2022. The FTC has pursued lawsuits against companies to lower drug prices, including for insulin and for inhalers. The FTC launched its investigation into pharmacy benefit managers (PBMs) in 2022. In July 2024, it released an interim report on its 2-year investigation into pharmacy benefit managers ,
13221-523: Was purchasing BestReviews from Tribune Publishing for $ 160 million. On May 20, 2021, the CW network and Nexstar announced that they have reached multi-year agreements to renew network affiliation for the CW in 37 markets in across the country (including KTLA in Los Angeles and WDCW in Washington, D.C. ). On August 20, 2021, Nexstar acquired political news website The Hill for $ 130 million. On August 25, 2021, Nexstar Media Group announced
13338-461: Was robbed by the " Texas Seven ". In 2011, the Irving Convention Center at Las Colinas opened. Four years later high-school student Ahmed Mohamed was the subject of a hoax bomb incident which ignited allegations of racial profiling and Islamophobia from many media and commentators. In 2019, Irving completed its construction of an entertainment district in Las Colinas with the opening of
13455-493: Was the home of Texas Stadium , the former home stadium of the Dallas Cowboys . The stadium was demolished on April 11, 2010. The city was also formerly the site of the Cowboys training facility for over 30 years. The National Football League's Dallas Cowboys played in Irving at Texas Stadium from 1971 to 2008 , and the team maintained its headquarters in Irving's Valley Ranch neighborhood from 1985 to 2016. Prior to
13572-468: Was to sign up." Khan said in a interview that the new rule is designed so that if consumers signed up online, they must also be able to cancel on the same website in the same number of steps. The rule’s final provisions will go into effect 180 days after it is published in the Federal Register . It also targeted airlines and credit card companies over junk fees and high prices. In 2023,
13689-443: Was −8 °F (−22 °C) in 1899. Irving is considered to be part of the humid subtropical region. May is the wettest month on average . At the census of 2010, there were 216,290 people, 82,538 households, and 51,594 families residing in the city. The population density was 3,218.6 inhabitants per square mile (1,242.7/km ). There were 91,128 housing units at an average density of 1,356 per square mile (524/km ). According to
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