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Nexstar Broadcasting Closes Deal for 10 TV Stations, Inergize Digital e-Media Operations

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Nexstar Broadcasting Strikes Definitive Deal To Divest 2 Stations In 2 Markets For $270 Million
Benzinga's M&A Chatter for Tuesday March 22, 2016

Nexstar Broadcasting Group (NASDAQ: NXST) closes acquisition of ten television stations and two associated digital sub-channels in seven markets as well as the Inergize Digital e-Media operations from entities controlled by privately-held Newport Television, LLC (“Newport”) for $225.5 million in a transaction that is expected to be immediately accretive to Nexstar. Nexstar financed the acquisition through borrowings under its new senior secured credit facilities, which were consummated concurrent with the closing of the acquisition.

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