Nexstar Broadcasting Group 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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