Nexstar Media Group to Expand Presence in Cleveland With Acquisition of WBNX-TV/TV55
Nexstar Media Group, Inc. (NXST)
Last nexstar media group, inc. earnings: 2/26 07:04 am
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businesswire.com/news/home/20180112005100/en/nexstar-media-group-report-2017-fourth-quarter
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Source: Business Wire
Acquisition Creates a Nexstar Duopoly in Nation’s 19th Largest TV Market and Political Battleground StateStation Will Become a CW Affiliate on September 1, 2025 IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST), today announced that it has agreed to acquire the assets of WBNX-TV/TV55 in Cleveland, Ohio, from the Winston Broadcasting Company. The acquisition will create a duopoly for Nexstar in the nation’s 19th largest television market, where the company already owns and operates WJW-TV (FOX).WBNX-TV is currently an independent television station and will, under Nexstar’s ownership, become an affiliate of The CW Network on Sept. 1, 2025. The transaction, subject to regulatory and other customary approvals, is expected to close in 2025 and will be accretive to Nexstar’s operating results pro forma for the conversion to a CW affiliation. Financial terms of the transaction were not disclosed.“The acquisition of WBNX-TV strengthens our presence in Cleveland, a t
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NXST
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- 11/7/24 - Miss
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- 11/12/24 - Form 4
- 11/7/24 - Form 144
- 11/7/24 - Form 10-Q
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