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Stock Market & Financial Investment News

News Breaks
January 3, 2013
17:41 EDTNXSTNexstar completes acquisition of two television stations for $60M cash
Nexstar Broadcasting Group announced today that Mission Broadcasting, completed the previously announced acquisition of two television stations in Little Rock, AR from entities controlled by privately-held Newport Television for $60M. Simultaneous with the closing of the transaction, Nexstar entered into an Outsourcing Agreement with Mission to provide services to the two stations, KLRT and KASN, the FOX and CW affiliated stations, respectively, in Little Rock. Perry A. Sook, chairman, president and CEO of Nexstar Broadcasting Group commented, "Nexstar's 2012 initiatives including the significantly accretive Newport transaction; announced agreements to acquire stations in California and Vermont, which will close later this quarter; ongoing capital structure optimization; plan to initiate an annual cash dividend of 48c per share starting this quarter; and, record annual financial results and free cash flow position us well for 2013 and beyond."
News For NXST From The Last 14 Days
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December 15, 2014
08:34 EDTNXSTNexstar announces long-term affiliation agreement with NBC Television Network
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December 11, 2014
05:18 EDTNXSTNexstar, DISH reach distribution agreement
Nexstar Broadcasting (NXST) announced that it reached a new distribution agreement with DISH Network (DISH) allowing the satellite television provider the right to continue to air Nexstarís programming. The agreement covers Nexstarís broadcast platform inclusive of 60 network affiliated and local stations in 46 markets. On Monday, December 8, Nexstar granted DISH an extension until 11:59 p.m. ET tonight to the companiesí previous agreement.
December 9, 2014
07:32 EDTNXSTUBS to hold a conference
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05:24 EDTNXSTNexstar provides third extension to DISH distribution agreement
Nexstar Broadcasting (NXST) announced that it has provided the third extension of its distribution agreement with DISH Network (DISH) allowing the satellite television provider the right to continue to air Nexstarís highly rated programming until 11:59 p.m. ET on Wednesday, December 10. The agreement covers Nexstarís broadcast platform inclusive of 60 network affiliated and local stations in 46 markets. DISHís previous extension with Nexstar expires at 11:59 p.m. ET. Nextar stated that for over two months, it has been negotiating in good faith to establish a mutually agreeable contract with DISH and Nexstar remains hopeful that a resolution can be reached without a service interruption to viewers in affected markets.
December 4, 2014
19:12 EDTNXSTNexstar says DISH subscribers in 60 markets may lose network
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