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Stock Market & Financial Investment News

News Breaks
December 10, 2012
17:18 EDTNXSTSilver Point Capital reports 7.8% passive stake in Nexstar
News For NXST From The Last 14 Days
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November 26, 2014
13:28 EDTNXSTNexstar required by DOJ to make divestiture to proceed with CCA acquisition
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12:53 EDTNXSTNexstar price target raised to $55-57 from $50-55 at Wells Fargo
Wells Fargo increased its price target on Nexstar to reflect the company's agreement to acquire CBS affiliate KLAS-TV in the Las Vegas market The firm thinks the acquisition will be accretive, and it raised its estimates while keeping an Outperform rating on the shares.
November 21, 2014
07:01 EDTNXSTNexstar to acquire Las Vegas CBS affiliate KLAS-TV for $145M
Nexstar Broadcasting Group (NXST) announced that it has entered into a definitive agreement to acquire the equity interests and assets of KLAS-TV, the CBS (CBS) affiliate serving the Las Vegas, Nevada market for $145M plus working capital from Landmark Media Enterprises, LLC. The proposed acquisition is expected to be immediately accretive to Nexstarís operating results immediately upon closing and inclusive of all other previously announced transactions, will expand the Companyís portfolio to 110 television stations serving 58 markets in 23 states, reaching approximately 20.3 million television households or 18% of U.S. television households. Nexstar intends to finance the station acquisition with cash generated from operations and borrowings under its senior credit facilities and/or additional capital markets activities. The transaction is subject to FCC approval and other customary approvals, and is expected to close in the first half of 2015. the acquisition, on a pro-forma basis, is expected to add an average of approximately 40c per share of free cash flow per year to Nexstarís operating results over the 2015/2016 period.
November 14, 2014
07:37 EDTNXSTLocal media ad market looks positive, says Wells Fargo
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November 13, 2014
14:30 EDTNXSTRoystone Capital reports 6.03% passive stake in Nexstar
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