M&A Deal Summary

Nexstar Media Group Acquires WBNX-TV

On October 28, 2024, Nexstar Media Group acquired media company WBNX-TV from Nexstar Media Group

Acquisition Highlights
  • This is Nexstar Media Group’s 7th transaction in the Media sector.
  • This is Nexstar Media Group’s 12th transaction in the United States.
  • This is Nexstar Media Group’s 1st transaction in Ohio.

M&A Deal Summary
Date 2024-10-28
Target WBNX-TV
Sector Media
Buyer(s) Nexstar Media Group
Sellers(s) Nexstar Media Group
Deal Type Divestiture

Target

WBNX-TV

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

Search 200,291 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 12 of 12
Sector (Media) 7 of 7
Type (Divestiture) 4 of 4
State (Ohio) 1 of 1
Country (United States) 12 of 12
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-08 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.

Buy $35M

Seller(S) 1

SELLER

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 4 of 4
Sector (Media) 3 of 3
Type (Divestiture) 4 of 4
State (Ohio) 1 of 1
Country (United States) 4 of 4
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-08 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.

Buy $35M
Mergr

Product

Company

Legal