Nexstar Broadcasting Group, Inc. (Nasdaq: NXST) (“Nexstar”) announced
today that it and Mission Broadcasting, Inc. (“Mission”) entered into
definitive agreements to acquire the stock of privately-held
Communications Corporation of America and White Knight Broadcasting
(“CCA”), the owners of nineteen television stations and seven associated
digital sub-channels in ten markets, for a total of $270 million in a
transaction that is expected to be immediately accretive to Nexstar upon
closing.
Sign-up for Nexstar Broadcasting Group and Mission Broadcasting to Acquire Communications Corporation of America and White Knight Broadcasting, Owners of 19 Television Stations in Ten Markets, for $270 Million in Accretive Transaction investment picks