Television & Radio M&A » By The Online Investor Staff, updated Wed., Apr. 24, 8:34 PM
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. Co. also owns NewsNation, a live daily national news and general entertainment cable network, two digital multicast networks and other multicast network services, various digital products, services and content, an ownership stake in Television Food Network, G.P., and a portfolio of real estate assets. The stations Co. owns and operates or provides services to provide programming to its markets' television viewing audiences.
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Avg. Broker Rec.
 
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Buy (3.43 out of 4) 53rd percentile
(ranked higher than approx. 53% of all stocks covered)
Analysts' Target Price: NXST Stock Forecast Based on Zacks ABR data; powered by Xignite |
