Television & Radio M&A » By The Online Investor Staff, updated Sat., Mar. 6, 8:39 PM
Recent mergers and acquisitions in the Television & Radio M&A category.
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Slide #5. Nexstar Broadcasting Group, Inc. — Internet Broadcasting Systems, Inc.
Acquirer:
Nexstar Broadcasting Group, Inc. (NASDAQ:NXST)
Acquiree:
Internet Broadcasting Systems, Inc.
Details:
Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) ("Nexstar") announced today that it has entered into a definitive agreement to acquire the assets of Internet Broadcasting Systems, Inc. ("IB"), a leading digital publishing platform and digital agency services provider for $20.0 million in a transaction that is expected to be accretive to 2014 results. The acquisition will be funded through internal sources and is expected to close later this month.
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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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 85th percentile
(ranked higher than approx. 85% of all stocks covered)
Analysts' Target Price: NXST Stock Forecast Based on Zacks ABR data; powered by Xignite |
