Report: Nexstar could spend $650M on more station buys over next 2 years
Company is in talks with several companies, Reuters says, and could be interested in at least some of Local TV LLC's stations
Nexstar Broadcasting has spent $650 million buying up TV stations over the past two years, and, says company chief Perry Sook, "I think we have the capability to do that much again over the next two years."
That's according to a Reuters report out today, which states that the Irving, Tex.-based company, which owns and/or operates four stations in Evansville and Terre Haute (WEHT, WTWO, WTVW and WAWV, with another, WEVV, soon to come into the fold via an agreement with Rocky Creek Communications) is in talks with "several" companies (which were not named) that could lead to still more acquisitions.
Sook didn't say if his company is talking to Oak Hill Capital Partners, which owns up-for-sale Local TV LLC, but he did admit that some of Local's stations were attractive. "At the right price I think we would be interested in a number of those assets but certainly not all," Sook told Reuters on Wednesday.
Local TV LLC owns 19 stations, including St. Louis Fox affiliate KTVI, and operates two additional (including KPLR in St. Louis) for Tribune.
Stay tuned ...