Nexstar bought the two stations from Smith Media, LLC for $16.9 million. Nexstar and Mission have entered into a local services agreement for Nexstar to provide sales and other services to WVNY.
“This transaction is consistent with our acquisition criteria as it further diversifies our operations, expands our scale, creates another new duopoly market and is financially accretive,” Nexstar chairman and CEO Perry A. Sook said in a statement.
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