Deal Feed International Reports: Nexstar Broadcasting Enters into a Definitive Agreement to Acquire CW Affiliate KASW-TV in Phoenix for $68 Million in Accretive Transaction
Nexstar Broadcasting Group, Inc. has announced that it entered into a definitive agreement to acquire the assets of KASW-TV, the CW affiliate serving the Phoenix, AZ market for $68.0 million plus working capital from Meredith Corporation and SagamoreHill of Phoenix, LLC. The proposed acquisition is expected to be accretive to Nexstar’s operating results immediately upon closing and inclusive of all other previously announced transactions, will expand the Company’s coverage to 57 markets in 22 states, reaching approximately 19.7 million television households.
Deal details sourced by the Deal Feed Team from BusinessWire. (Opens in new window)
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