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Nexstar Broadcasting Group
NXST announced today that it and Mission Broadcasting have entered
into definitive agreements to acquire six television stations in two
markets for $37.5 million, in transactions that are expected to be
immediately accretive upon closing.
The stations are being acquired from Gray Television Group, Inc.
GTN (“Gray”) and Excalibur Broadcasting, LLC
(“Excalibur”) and represent the equity interests of certain subsidiaries
of Hoak Media, LLC ("Hoak"), and Parker Broadcasting, Inc. ("Parker")
which Gray and Excalibur previously agreed to purchase from Hoak and
Parker, respectively.
See full press release© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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