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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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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.

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