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Slide #18. Nexstar Broadcasting Group and Mission Broadcasting — Six Television Stations in Two Markets
Nexstar Broadcasting Group and Mission Broadcasting (NASDAQ:NXST)
Six Television Stations in Two Markets
Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) ("Nexstar") announced today that it and Mission Broadcasting, Inc. ("Mission") have entered into definitive agreements to acquire six television stations in two markets for $37.5 million, in transactions that are expected to be immediately accretive upon closing.
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.
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Strong Buy (4.00 out of 4)