Nexstar Broadcasting Group

Shares of Media General Inc (NYSE: MEG) jumped higher by more than 3 percent on Wednesday following a report by Reuters that the company may be an acquisition target. Media General is a connected-screen multimedia company that operates around 71 television stations. According to Reuters,...

According to Benchmark, Nexstar Broadcasting Group (NASDAQ: NXST) currently trades at 8x our 2011E EBITDA of $101 million, below the 10x-12x historical range but at a slight premium to other television broadcasting companies. Benchmark said that last Thursday, FOX Television Network announced...

In a report released earlier today, Gabelli & Company commented on Nexstar Broadcasting (NASDAQ: NXST). In the report, Gabelli was positive on the company. Gabelli writes, “The company reported first quarter results that were in line with our expectations: total net revenues +1.9% to $69.9...

According to Gabelli, Nexstar Broadcasting Group (NASDAQ: NXST) announced an agreement to purchase two TV CBS affiliates – WFVR, Green Bay and WJMN, Marquette from Liberty Media for $20 mm ($17.5 mm cash, $2.5 mm in NXST stock). Gabelli reported that it thinks both transactions are positives for...

According to Benchmark, Nexstar Broadcasting Group (NASDAQ: NXST) announced the acquisition of two CBS affiliates (Green Bay, WI and Marquette, MI) from Liberty Media (LINTA-Not Rated) yesterday for $17.5 million in cash and $2.5 million in stock. Benchmark reported that the $20 million...