Nexstar Broadcasting has completed its acquisition of three California stations from Newport Television: NBC affiliate KGET and Telemundo affiliate KKEY in Bakersfield and CBS affiliate KGPE in Fresno.
The $34.5 million transaction will create duopolies for Nexstar in both Fresno and Bakersfield, Calif. Nexstar announced plans to acquire NBC affiliate KSEE in Fresno last month.
“This transaction is consistent with our acquisition criteria as it further diversifies our operations, creates new duopoly markets and is financially accretive,” Nexstar president and CEO Perry A. Sook said in a statement.
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