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|
|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.