Nexstar Snapping Up New TV Stations – ValueWalk Premium

Nexstar Snapping Up New TV Stations

Nexstar Broadcasting Group, Inc. (NASDAQ:NXST), and one of its affiliates will acquire 12 television stations from closely-held Newport Television LLC, in a $285.5 million deal that will substantially increase Nexstar’s geographical footprint.

Nexstar will acquire the following 10 stations across seven markets: KTVX and KUCW in Salt Lake City, WPTY and WLMT . . .

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