M&A Deal Summary

Nexstar Media Group Acquires KUSI

On May 8, 2023, Nexstar Media Group acquired media company KUSI from McKinnon Broadcasting for 35M USD

Acquisition Highlights
  • This is Nexstar Media Group’s 6th transaction in the Media sector.
  • This is Nexstar Media Group’s 6th largest (disclosed) transaction.
  • This is Nexstar Media Group’s 11th transaction in the United States.
  • This is Nexstar Media Group’s 4th transaction in California.

M&A Deal Summary
Date 2023-05-08
Target KUSI
Sector Media
Buyer(s) Nexstar Media Group
Sellers(s) McKinnon Broadcasting
Deal Type Divestiture
Deal Value 35M USD

Target

KUSI

San Diego, California, United States
KUSI is an independent television station, broadcasting more than nine hours of local news each weekday and nearly 60 hours of local news every week. KUSI was founded in 1982 and is based in San Diego, California.

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Buyer(S) 1

Buyer

Nexstar Media Group

Irving, Texas, United States
Category Company
Founded 1996
Sector Media
Employees11,877
Revenue 4.9B USD (2023)
DESCRIPTION

Nexstar Media Group is a media company that leverages localism to bring new services and value to consumers and advertisers through its traditional media, digital and mobile media platforms. Nexstar owns, operates, programs or provides sales and other services to 170 television stations and related digital multicast signals reaching 100 markets or approximately 39% of all U.S. television households. Nexstar Media Group was founded in 1996 and is based in Irving, Texas.

DEAL STATS #
Overall 11 of 12
Sector (Media) 6 of 7
Type (Divestiture) 3 of 4
State (California) 4 of 4
Country (United States) 11 of 12
Year (2023) 1 of 1
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-30 The CW Network

Burbank, California, United States

The CW Network operates broadcasting television network in California. The CW Network is based in Burbank, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-28 WBNX-TV

Cleveland, Ohio, United States

WBNX-TV is a local TV station and broadcast affiliate serving the greater Cleveland, Ohio area.

Sell -

Seller(S) 1

SELLER

McKinnon Broadcasting

San Diego, California, United States
Category Company
Sector Media
DESCRIPTION

DEAL STATS #
Overall 1 of 1
Sector (Media) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
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