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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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February 5, 2016
07:59 EDTNXSTDistribution deal with Cox a clear positive for Nexstar, says Stephens
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February 4, 2016
17:10 EDTNXSTNexstar and Cox Communications reach distribution agreement for 13 stations
Nexstar reached a new distribution agreement with Cox Communications allowing the cable television provider the right to resume carrying Nexstar's network and local community programming. The agreement covers Nexstar's broadcast platform inclusive of 13 network affiliated and local stations in nine markets. Programming on all stations will resume as soon as possible. Specific terms of the agreement are not being disclosed.
January 31, 2016
14:54 EDTNXSTNexstar 'remains eager' to reach agreement after Cox drops programming
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