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Media M&A image Media M&A » By The Online Investor Staff, updated Sun., Jul. 12, 10:10 PM Recent mergers and acquisitions in the Media M&A category.

Slide #72. Nexstar Broadcasting Group Seven Television Stations in Four Markets

Acquirer: Nexstar Broadcasting Group (NASDAQ:NXST)
Acquiree: Seven Television Stations in Four Markets
Details: Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) ("Nexstar") announced today that it entered into a definitive agreement to acquire the stock of Grant Company, Inc. ("Grant"), the owner of seven television stations in four markets for $87.5 million in a transaction that is expected to be immediately accretive upon closing. Simultaneous with the Grant agreement, Nexstar entered into a purchase agreement with Mission Broadcasting, Inc. ("Mission") pursuant to which Mission will purchase one of the Grant stations from Nexstar and, upon consummation of the transaction, enter into local service agreements with Nexstar. The acquisition will be funded through internal sources, borrowings under the existing credit facilities and future credit market transactions.

Nexstar Media Group is a television broadcasting and digital media company focused on the acquisition, development and operation of television stations and interactive community websites and digital media services. The stations provide over-the-air programming. This programming includes programs produced by networks with which the stations are affiliated; programs that the stations produce; and first-run and rerun syndicated programs that the stations acquire. Co.'s digital media businesses provide digital publishing and content management platform, digital video advertising platform, social media advertising platform and other digital media solutions to media publishers and advertisers.

NXST SEC Filing Email Alerts Service


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Company Name: 
Nexstar Media Group Inc
Stock buyback: 
NXST buyback
Website: 
www.nexstar.tv
Sector: 
Television & Radio
Number of ETFs Holding NXST: 
43
Total Market Value Held by ETFs: 
$368.63M
Total Market Capitalization: 
$3.71B
% of Market Cap. Held by ETFs: 
9.95%
 

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Strong Buy (4.00 out of 4)
87th percentile
(ranked higher than approx. 87% of all stocks covered)
Based on Zacks ABR data;
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