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Nexstar Broadcasting (NASDAQ:NXST): Closing price $15.17
Nexstar Broadcasting Group’s wholly-owned indirect subsidiary, Nexstar Broadcasting, will purchase the assets of KSEE (NYSE:TV), the NBC affiliate serving the Fresno market, from Granite Broadcasting Corporation at a price of $26.5 million in a transaction that should be immediately accretive to Nexstar. The license acquisition portion of the transaction is expected to close mid-year 2013. Shares closed up 2.29 percent on the day at $15.17, and have traded in a 52-week range of $6.00 to $14.85.
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