Television & Radio M&A » By The Online Investor Staff, updated Tue., Mar. 9, 2:53 AM
Recent mergers and acquisitions in the Television & Radio M&A category.
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Slide #54. Nexstar Broadcasting — NBC Affiliate KSEE
Acquirer:
Nexstar Broadcasting (NASDAQ:NXST)
Acquiree:
NBC Affiliate KSEE
Details:
Nexstar Broadcasting Group, Inc. announced that its wholly-owned indirect subsidiary, Nexstar Broadcasting, Inc., has entered into a definitive agreement to acquire the assets of KSEE(TV), the NBC affiliate serving the Fresno, California market, from Granite Broadcasting Corporation for $26.5 million in a transaction that is expected to be immediately accretive to Nexstar.
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 |
