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Showing results for Nexstar Boradcasting, Inc.
...Nexstar Media, a publicly traded owner of 200 local US television stations, took a 75 per cent stake in the network last year....
...Prior to Expedia he headed up Tribune Media, one of the US’s largest broadcasters until its merger with Nexstar Media Group in 2018, and although his prior knowledge of consumer and technology brands has...
...Nexstar could not be reached for comment. Nexstar outbid a number of interested companies and private equity groups in the auction for Tribune, including Apollo Global Management....
...The deal, if approved by regulators, will see Nexstar surpass rival Sinclair to become the largest owner of local US television stations....
...Sinclair won out over other bidders including Rupert Murdoch’s 21st Century Fox, which explored making an offer in concert with private equity firm Blackstone, and Nexstar Broadcasting Group, another big...
...Sinclair fended off other suitors for Tribune including Rupert Murdoch’s 21st Century Fox, which explored making an offer with private equity firm Blackstone, and Nexstar Broadcasting Group, another big...
...Under the terms of Nexstar’s deal, Media General shareholders will pocket $10.55 a share in cash and 0.1249 of Nexstar stock in an acquisition that creates the second-largest local TV operator in the US....
...Under the terms of Nexstar’s deal, Media General shareholders will pocket $10.55 a share in cash and 0.1249 of Nexstar stock in an acquisition that will create the second-largest local TV operator in the...
...“We are confident that a combined Nexstar/Media General would be strongly positioned for long-term success in a dynamic and consolidating broadcast market,” said Perry Sook, Nexstar’s chief executive....
...US television station owner Media General said it would open negotiations with Nexstar Broadcasting Group about a potential sale, even as the company rejected Nexstar’s unsolicited bid and said its board...
...Companies such as Sinclair, Nexstar, Tegna and EW Scripps that each own dozens of local stations see wild swings in revenue driven by the election cycle; Sinclair’s first-quarter forecast is running 60-80...
...Starboard said it believes Nexstar has the backing of other shareholders. There is significant overlap among Media General’s and Nexstar’s biggest shareholders....
...Three years ago, Meredith discussed buying some Time Inc titles when they were still owned by Time Warner....
...The proposal is valued at $14.50 per Media General share, including $10.50 per share in cash and 0.0898 Nexstar shares for each Media General share....
...To evaluate the unsolicited offer from Nexstar, Media General tapped Goldman Sachs to work alongside RBC....
...(Cnet) FT FYI BT to keep EE brand after £12.5bn acquisition Twitter sues over ‘terrorist propaganda’ fine in Turkey Nexstar and Meredith raise stakes in Media General battle Lex- Legendary: let battle...
...Wells Fargo says that listed station groups Sinclair and Nexstar, based on FCC numbers, have spectrum values worth half their enterprise values. Marketing documents can exaggerate final deal prices....
...In 2013, the share prices of Sinclair Broadcast Group and Nexstar each jumped 200 and 400 per cent, respectively....
...In three other recent deals, station groups Sinclair, Nexstar and Media General saw their shares jump at least 10 per cent after announcing acquisitions....
...One local broadcaster, Nexstar, told investors recently that Oprah’s syndicated show accounted for a quarter of its programming expenses....
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