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Nexstar Broadcasting Announces Completion of Acquisition of Two Television Stations by Mission Broadcasting from Newport Television for $60 Million in Cash (Nexstar Broadcasting Group Inc)

Friday, January 4, 2013

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Nexstar Broadcasting Announces Completion of Acquisition of Two Television Stations by Mission Broadcasting from Newport Television for $60 Million in Cash (Nexstar Broadcasting Group Inc)
Jan 4th 2013, 09:12

(Source: Nexstar Broadcasting Group Inc) IRVING, Texas, January 3, 2013 - Nexstar Broadcasting Group, Inc. (Nasdaq: NXST) announced today that Mission Broadcasting, Inc. ("Mission"), completed the previously announced acquisition of two television stations in Little Rock, AR from entities controlled by privately-held Newport Television, LLC ("Newport") for $60 million.  Simultaneous with the closing of the transaction, Nexstar entered into an Outsourcing Agreement with Mission to provide services to the two stations, KLRT and KASN, the FOX and CW affiliated stations, respectively, in Little Rock. Perry A. Sook, Chairman, President and Chief Executive Officer of...
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