Nexstar Buys TV Stations From Newport
Nexstar Broadcasting and Mission Broadcasting have bought 12 TV stations and digital assets from Newport Television for $285.5 million. With this acquisition of stations in eight markets, Nexstar
now has "67 stations in 40 markets, which the company says will allow it to reach approximately 11.4 percent of all U.S. television households," writes Eriq Gardner.
"As for Newport, the deal is among three announced today that will sell a total of 22 stations," Gardner continues. "Besides Nexstar, the company is also [selling] six stations (in San Antonio, Harrisburg, Cincinnati, Mobile, and Wichita) to Sinclair Broadcasting and four stations (in Jacksonville and Tulsa) to Cox Media Group."