This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Nexstar Broadcasting Group And Mission Broadcasting To Acquire Five Television Stations In Four Markets For Total Consideration Of $103.3 Million In Accretive Transactions

Mr. Sook concluded, “Nexstar’s ongoing operating execution combined with select accretive station transactions have positioned the Company to achieve record revenue and free cash flow in 2013 and beyond. In the current environment we expect to act on further opportunities to optimize our portfolio through additional strategic acquisitions, the creation of additional virtual duopolies, and select divestitures.”

Citadel Communications and Stainless Broadcasting Television Stations
      Market     Market Rank     Station     Affiliation     Seller
1     Des Moines, IA     72     WOI     ABC     Citadel Communications
2     Rock Island, IL     99     WHBF     CBS     Citadel Communications
3     Sioux City, IA     147     KCAU     ABC     Citadel Communications
4     Binghamton, NY     157     WICZ     FOX     Stainless Broadcasting
5     Binghamton, NY     157     WBNP- LP     MyNetworkTV     Stainless Broadcasting
 

The transactions are subject to Federal Communications Commission approval and other customary closing conditions, and are expected to be completed early in the first quarter of 2014.

3 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs