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Media M&A image Media M&A » By The Online Investor Staff, updated Tue., Apr. 16, 8:03 AM Recent mergers and acquisitions in the Media M&A category.

Slide #24. Nexstar Broadcasting Group, Inc. Internet Broadcasting Systems, Inc.

Acquirer: Nexstar Broadcasting Group, Inc. (NASDAQ:NXST)
Acquiree: Internet Broadcasting Systems, Inc.
Details: Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) ("Nexstar") announced today that it has entered into a definitive agreement to acquire the assets of Internet Broadcasting Systems, Inc. ("IB"), a leading digital publishing platform and digital agency services provider for $20.0 million in a transaction that is expected to be accretive to 2014 results. The acquisition will be funded through internal sources and is expected to close later this month.

Nexstar Media Group is a television broadcasting and digital media company focused on the acquisition, development and operation of television stations and interactive community websites and digital media services. Co. also owns NewsNation, a live daily national news and general entertainment cable network, two digital multicast networks and other multicast network services, various digital products, services and content, an ownership stake in Television Food Network, G.P., and a portfolio of real estate assets. The stations Co. owns and operates or provides services to provide programming to its markets' television viewing audiences.

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Company Name:  Nexstar Media Group Inc
Stock buyback:  NXST buyback
Website:  www.nexstar.tv
Sector:  Television & Radio
Number of ETFs Holding NXST:  66
Total Market Value Held by ETFs:  $900.27M
Total Market Capitalization:  $5.45B
% of Market Cap. Held by ETFs:  16.51%
 

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April 16, 2024    8:03 AM Eastern
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Buy (3.43 out of 4)
53rd percentile
(ranked higher than approx. 53% of all stocks covered)

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