Nexstar Broadcasting Closes Deal for 10 TV Stations, Inergize Digital e-Media Operations - Nexstar Media Gr (NASDAQ:NXST)

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

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