Friday, July 20, 2012

KODE/KSNF owner/operator buys 12 stations

Nexstar Broadcasting, owner of KSNF in Joplin and KSFX in Springfield (and operator of KODE in Joplin and KOLR in Springfield) has added 12 more stations to its stable:

Nexstar gets KTVX-KUCW Salt Lake City, WPTY-WLMT Memphis, WSYR Syracuse, WETM Elmira, WIVT-WBGH Binghamton and WWTI Watertown, along with digital services outfit Inergize Digital. Mission Broadcasting, which has a management deal with Nexstar, gets KLRT-KASN Little Rock. "The Newport transaction is a transformational event for Nexstar from a strategic and operational standpoint and will bring very significant free cash flow accretion to the company immediately upon closing," said Perry Sook, Nexstar chairman, president and CEO.

1 comment:

Anonymous said...

Great. More consolidation in the media world. Just what we need. Rick Nichols.