Nexstar Broadcasting (NXST) Tops Q2 EPS by 9c, Beats on Revenues

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Go back to Nexstar Broadcasting (NXST) Tops Q2 EPS by 9c, Beats on Revenues

Nexstar Broadcasting (NXST) to Acquire the Non-License Assets of Providence CW Affiliate WLWC-TV for $4.1M

August 7, 2017 4:05 PM EDT

Nexstar Media Group, Inc. (Nasdaq: NXST) (Nexstar or the Company) announced today that its subsidiary, Nexstar Broadcasting, Inc., has entered into a definitive agreement to acquire the non-spectrum operating assets of WLWC-TV, the CW affiliate serving Providence, RI (DMA #52) for $4.1 million from OTA Broadcasting (PVD), LLC (OTA). The transaction will be highly accretive to Nexstars operating results... More