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NXST > SEC Filings for NXST > Form 8-K on 6-Nov-2012All Recent SEC Filings

Show all filings for NEXSTAR BROADCASTING GROUP INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for NEXSTAR BROADCASTING GROUP INC


6-Nov-2012

Results of Operations and Financial Condition, Other Events, Finan


Item 2.02. Results of Operations and Financial Condition.

On November 6, 2012, Nexstar Broadcasting Group, Inc. (the "Company") issued a press release announcing its financial results for the quarter ended September 30, 2012. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.



Item 8.01. Other Events.

On November 5, 2012, the Company issued a press release announcing that its wholly-owned subsidiary, Nexstar Broadcasting, Inc. ("Nexstar Broadcasting"), has entered into a definitive agreement to acquire the assets of KGPE, the CBS affiliate in the Fresno, California market, and KGET, the NBC/CW affiliate, and KKEY-LP, the low powered Telemundo affiliate, both in the Bakersfield, California market, from Newport Television, LLC ("Newport") for $35.4 million, subject to adjustments for working capital acquired. Additionally, the press release announced that Nexstar Broadcasting and Mission Broadcasting, Inc. ("Mission") have entered into definitive agreements to acquire the assets of WFFF, the FOX affiliate, and WVNY, the ABC affiliate, both in the Burlington, Vermont market, from Smith Media, LLC for a total of $17.1 million, subject to adjustments for working capital acquired. The Company and Mission intend to finance these acquisitions through borrowings under their senior secured credit facilities. The acquisitions are subject to Federal Communications Commission ("FCC") approval and other customary approvals. The Company, assuming the previously described approvals are obtained, expects these acquisitions to close in the first quarter of 2013. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.2 and is incorporated herein by reference.

As previously reported by the Company on a Current Report on Form 8-K filed with the Securities and Exchange Commission on July 24, 2012, Nexstar Broadcasting and Mission entered into definitive agreements to acquire the assets of twelve television stations in eight markets and Inergize Digital Media operations from Newport for $285.5 million, subject to adjustments for working capital acquired (the "Initial Newport Acquisition"). The Company has received notification from the FCC that Nexstar Broadcasting's Initial Newport Acquisition is approved. Mission's FCC public comment period for the Initial Newport Acquisition has closed without a creditable objection.



Item 9.01. Financial Statements and Exhibits.

Exhibit No. Description

99.1         Press Release of Nexstar Broadcasting
             Group, Inc. dated November 6, 2012.
99.2         Press Release of Nexstar Broadcasting
             Group, Inc. dated November 5, 2012.


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