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Stock Market & Financial Investment News

News Breaks
June 6, 2014
11:02 EDTNXSTNexstar enters agreements with Marshall Broadcasting
Nexstar Broadcasting announced that it entered into definitive agreements with Marshall Broadcasting for the sale of three network affiliated stations three markets for $58.5M. MBG intends to fund the station acquisitions through borrowings which Nexstar has agreed to guarantee. The transactions are subject to Federal Communications Commission approval, the consummation of Nexstarís previously announced agreements to acquire the stock of privately-held Communications Corporation of America and White Knight Broadcasting and the stock of Grant and other customary closing conditions, and are expected to be completed in FY14. Subject to regulatory approval, MBG intends to assume the obligations of Mission Broadcasting as the acquirer of the Stations under various asset purchase agreements currently in effect between Nexstar and Mission. Under the terms of the proposed services agreements between Nexstar and MBG, MBG will be entitled to 70% of the revenue from advertising sold by Nexstar on the stations and will not provide for any bonus payments to Nexstar for achieving revenue goals.
News For NXST From The Last 14 Days
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September 29, 2014
10:35 EDTNXSTFollow-up: Nexstar upgraded to Buy from Hold at Noble Financial
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10:00 EDTNXSTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Akorn (AKRX) upgraded to Outperform from Sector Perform at RBC Capital... Alexandria Real Estate (ARE) upgraded to Buy from Hold at ISI Group... Baidu (BIDU) upgraded to Buy at UBS... Banner Corp. (BANR) upgraded to Buy from Neutral at DA Davidson... Boston Properties (BXP) upgraded to Buy from Hold at ISI Group... Brocade (BRCD) upgraded to Hold from Sell at Summit Research... Chico's FAS (CHS) upgraded to Outperform from Perform at Oppenheimer... Energy Transfer Partners (ETP) upgraded at Morgan Stanley... Equity One (EQY) upgraded to Buy from Hold at ISI Group... FedEx (FDX) upgraded to Outperform from Market Perform at Cowen... Himax (HIMX) upgraded at Craig-Hallum... Janus Capital (JNS) upgraded at Morgan Stanley... Kilroy Realty (KRC) upgraded to Buy from Hold at ISI Group... LRR Energy (LRE) upgraded to Buy from Hold at Stifel... Nationstar (NSM) upgraded at Sterne Agee... Nexstar (NXST) upgraded to Buy from Hold at Noble Financial... Nike (NKE) upgraded to Outperform from Neutral at Credit Suisse... Pearson (PSO) upgraded to Outperform from Underperform at Macquarie... Philips (PHG) upgraded to Buy from Hold at ING Group... Rent-A-Center (RCII) upgraded at KeyBanc... Rice Energy (RICE) upgraded to Buy from Accumulate at KLR Group... Sonic Automotive (SAH) upgraded to Overweight from Underweight at Morgan Stanley... Tahoe Resources (TAHO) upgraded to Outperform from Market Perform at Raymond James... Tanger Factory (SKT) upgraded to Buy from Hold at ISI Group... Universal Health (UHS) upgraded at BMO Capital... Voya Financial (VOYA) upgraded to Strong Buy from Outperform at Raymond James... Waste Management (WM) upgraded at Wedbush... Yahoo (YHOO) upgraded to Buy from Hold at Needham.
08:27 EDTNXSTNexstar upgraded to Buy from Hold at Noble Financial
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