Nexstar Broadcasting and Mission Broadcasting to Acquire 12 Television Stations in Eight Markets and Inergize Digital E-Media Operations From Newport Television, LLC for $285.5 Million in Cash in an Accretive Transaction
IRVING, Texas, July 19, 2012 – Nexstar Broadcasting Group, Inc. (Nasdaq: NXST) (“Nexstar”) announced today it and Mission Broadcasting, Inc. (“Mission”), entered into definitive agreements to acquire twelve television stations and associated digital sub-channels in eight markets from entities controlled by privately-held Newport Television, LLC (“Newport”) for $285.5 million in a transaction that is expected […]
