You are viewing the archive: “Nexstar”

Nexstar Buys 5 TV Stations In California And Vermont

By DAVID LIEBERMAN, Executive Editor | Monday November 5, 2012 @ 1:48pm PSTTags: Big Deals TV, Nexstar

This builds on Nexstar’s effort to bulk up with help from its election year windfall from sales of political ads. In today’s deals, the company paid Newport Television $35.4M for a CBS affiliate in Fresno, an NBC/CW station in Bakersfield, and a low-powered Telemundo affiliate there. In addition, Nexstar agreed to pay Mission broadcasting $17.1M for the Fox and ABC affiliates in Burlington, Vt. The FCC has to bless the arrangements before they can take place; Nexstar expects them to close early next year. They follow the company’s deal in July to buy 12 stations in markets including Salt Lake city, Little Rock, and Memphis.

Here’s today’s release: READ MORE »

Comments (0)

CBS Renews Affiliation Deals With Nexstar

By THE DEADLINE TEAM | Monday September 10, 2012 @ 5:00am PDTTags: CBS, Nexstar

IRVING, Texas– Nexstar Broadcasting Group, Inc. (Nasdaq: NXST) announced today that it has entered into long-term agreements through December 2018 with the CBS Television Network for eight stations that it owns and operates. The Nexstar-owned CBS-affiliated stations include KLBK in Lubbock, Texas; KLST in San Angelo, Texas; KTAB in Abilene-Sweetwater, Texas; WCIA in Champaign-Springfield-Decatur, Illinois; WFRV in Green Bay, Wisconsin; WJMN in Marquette, Michigan; WMBD in Peoria-Bloomington, Illinois; and WROC in Rochester, New York. In addition, Mission Broadcasting, Inc. has entered into a new long-term affiliation agreement for its CBS-affiliated station KOLR in Springfield, Missouri.

Read More »

Comments (0)

Newport Television To Collect $1B Selling 22 Stations To Nexstar, Sinclair, And Cox

By DAVID LIEBERMAN, Executive Editor | Thursday July 19, 2012 @ 10:17am PDTTags: Big Deals TV, Nexstar, Providence Equity Partners, Sinclair Broadcasting

Newport is Providence Equity’s holding company for the collection of TV stations the private equity firm bought in 2007 from Clear Channel. Investors seem to like Nexstar’s $285.5M agreement today for 12 Newport stations; Nexstar shares are +5.2% at mid-day. Sinclair is more complicated: In addition to the $412.5M it’s paying for six Newport stations, Sinclair agreed today to pay $40M for Tampa-based Bay Television. Sinclair shares are -1.6%. Privately held Cox is paying $302M for its four stations.

Here’s the release: Read More »

Comments (0)

Nexstar Sues Time Warner Cable After It Drags Broadcaster Into Fight With Hearst

By DAVID LIEBERMAN, Executive Editor | Tuesday July 17, 2012 @ 3:40pm PDTTags: Hearst Television, Nexstar, Time Warner Cable

The suit at U.S. District Court in northern Texas involves an interesting quirk in Time Warner Cable’s retransmission consent dispute with Hearst, which since July 9 has left more than 2M cable customers in 11 markets without access … Read More »

Comments (0)

Moody’s: Dreary Prospects For TV Stations Despite 2012 Pop From Political Ads

By DAVID LIEBERMAN, Executive Editor | Wednesday February 1, 2012 @ 9:37am PSTTags: Gray Television, LIN TV, Media General, Nexstar, Sinclair Broadcasting

It will take years before most ad sales will hit the peaks that TV stations saw in 2007, Moody’s Investors Service analyst Carl Salas says this morning in an industry report. Local businesses have been slow to increase their spending after the economy tanked in 2008 and 2009 — and now broadcasters must compete for those dollars against websites, social media, digital displays and other emerging media. Sure, stations will see some extra cash from retransmission consent deals with pay TV providers. But it won’t be a windfall: Major networks are demanding reverse compensation agreements from their affiliates, giving the national broadcasters much of the dough collected by the stations that they used to pay to carry their programs. Read More »

Comments (1)

Report: TV Stations Face Cash Flow Woes As Networks Demand Rising Payments

By DAVID LIEBERMAN, Executive Editor | Tuesday November 29, 2011 @ 9:44am PSTTags: ABC, Belo Corp, CBS, Fox, Gray Television, LIN TV, NBC, Nexstar, Retransmission Consent Fees, Sinclair Broadcasting

Station groups including Belo, Gray Television, LIN Media, NexStar Broadcasting, and Sinclair Broadcast face a big problem after next year’s elections when the cash from political ads evaporates: Their revenues and cash flow could plummet as they’re forced to … Read More »

Comments (0)

E.W. Scripps Cozies Up To ABC With $212M Deal For McGraw-Hill TV Stations

By DAVID LIEBERMAN, Executive Editor | Tuesday October 4, 2011 @ 8:00am PDTTags: ABC, E.W. Scripps, McGraw-Hill, Nexstar

The nine-station acquisition includes ABC affiliates in Denver, Indianapolis, San Diego, and Bakersfield, CA. When the transaction is complete, 10 of Scripps’ 19 stations will be ABC affiliates – making it the largest independent owner of ABC stations. McGraw-Hill’s other stations are low-power affiliates of Spanish language network Azteca America. Wells Fargo analyst Marci Ryvicker says this morning that the terms are “a positive for the broadcast TV space” because they reaffirm the value of stations at a time when potential buyers are growing concerned about the prospects for the ad market. Nexstar is still looking to sell. McGraw-Hill wanted to unload its stations as it prepares to split into two companies, and deal with shareholder concerns that it has become too unfocused. Here’s the release: Read More »

Comments (1)

TV Station Owner Nexstar Hangs “For Sale” Sign

By DAVID LIEBERMAN, Executive Editor | Thursday July 21, 2011 @ 6:35am PDTTags: Fox, Nexstar

The owner of 65 stations in 36 markets joins McGraw-Hill, Freedom, and Young Broadcasting in the ranks of TV owners looking for buyers. Analysts say that Nexstar could fetch about $1B. Its stations reach 11.6% of all households, and … Read More »

Comments (2)