Newport Television Sells Portfolio of 22 Stations to Nexstar (NXST), Sinclair (SBGI), Cox Media

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Nexstar Broadcasting Group, Inc. (NASDAQ: NXST), Sinclair Broadcast Group Inc. (NASDAQ: SBGI), and Cox Media Group have signed three separate agreements with Newport Television for a total value of about $1 billion.

Below are the details:

• Nexstar Broadcasting purchased twelve stations, including: KTVX and KUCW (Salt Lake City, UT); KLRT and KASN (Little Rock, AK); WPTY and WLMT (Memphis, TN); WJKT (Jackson, TN) WSYR (Syracuse, NY); WETM (Elmira, NY); WIVT and WBGH (Binghamton, NY); and WWTI (Watertown, NY). Nexstar Broadcasting also purchased Newport’s Inergize Digital Media operations.
  
• Sinclair Broadcast purchased six stations, including: WOAI (San Antonio, TX); WHP (Harrisburg, PA); WKRC (Cincinnati, OH); WPMI (Mobile, AL); and KSAS and KMTW (Wichita, KS). Sinclair also is acquiring Newport’s rights to program and operate WLYH (Harrisburg, PA) and KMTW (Wichita, KS) pursuant to local marketing agreements.
  
• Cox Media Group purchased four stations, including: WAWS and WTEV (Jacksonville, FL); and KOKI and KMYT (Tulsa, OK).

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