TVNewser LostRemote AgencySpy PRNewser FishbowlNY FishbowlDC SocialTimes AllTwitter AllFacebook InsideFacebook InsideSocialGames InsideMobileApps

Nexstar Acquires Stations in California, Vermont

Nexstar Broadcasting has entered into definitive agreements to acquire three California stations from Newport Television and two Vermont stations from Smith Media, LLC.

Nexstar will pay Newport $35.4 million for KGPE, the CBS affiliate in Fresno; KGET, the NBC-CW affiliate in Bakersfield; and KKEY, the low-powered Telemundo affiliate in Bakersfield. In Vermont, Nexstar will join with Mission Broadcasting to acquire WFFF and WVNY, the Fox and ABC affiliates in Burlington, for $17.1 million.

“These transactions are consistent with our criteria for acquisitions that further strategically diversify our operations, create or present opportunities for virtual duopoly markets and which are financially accretive,” Nexstar chairman Perry Sook said in a statement.

Mediabistro Course

Social Media Strategy Boot Camp

Social Media Strategy Boot CampStarting November 10, build a complete social media strategy for your brand! Through a series of weeklong webcasts, marketing and social media experts will teach you how to integrate social media into your overall marketing strategy, understand key metrics and analytics, and master the emerging trends in social. Register now!