Nexstar expected to assimilate KASW debt

By on Oct, 27 2014 with Comments 0

Nexstar Broadcasting GroupNot only does Moody’s Investors Service believe that the acquisition of CW affiliate KASW-TV Phoenix fit in nicely with Nexstar’s overall strategy, it believes that the company will easily be able to fit the acquisition without any meaningful damage to its debt profile.

The station is coming from Meredith/Sagamorehill for $68M, and will be Nexstar’s first in the market.

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