Nexstar Media Group, Inc. acquired certain non-license assets of KGBT-TV in the Harlingen, Texas DMA from Sinclair Broadcast Group, Inc. for $18 million.
January 26, 2020
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Nexstar Media Group, Inc. (NasdaqGS:NXST) acquired certain non-license assets of KGBT-TV in the Harlingen, Texas DMA from Sinclair Broadcast Group, Inc. (NasdaqGS:SBGI) on January 27, 2020. Sinclair will continue to operate KGBT-TV as an independent television broadcast station.
Nexstar Media Group, Inc. (NasdaqGS:NXST) completed the acquisition of certain non-license assets of KGBT-TV in the Harlingen, Texas DMA from Sinclair Broadcast Group, Inc. (NasdaqGS:SBGI) for $18 million on January 27, 2020. The transaction will be paid in cash.
Sinclair, Inc. is a diversified media company and a provider of local news and sports. The Company operates through two segments: Local Media, and Tennis. Its Local Media segment is comprised of its television stations. It produces more than 2,400 hours of news per week at 115 stations in 73 markets. Its Tennis segment primarily consists of Tennis Channel, a cable network which includes coverage of many of tennis' top tournaments and original professional sports and tennis lifestyle shows. Its content is delivered via multiple platforms, including over-the-air, multi-channel video program distributors, and the streaming aggregator of local news content, NewsON. The Company owns, operates and provides services to 185 television stations in 86 markets affiliated with all the various broadcast networks, and owns Tennis Channel and multicast networks Comet, CHARGE!, TBD., and The Nest. The Company also owns and provides services to 21 regional sports network brands.
Nexstar Media Group, Inc. acquired certain non-license assets of KGBT-TV in the Harlingen, Texas DMA from Sinclair Broadcast Group, Inc. for $18 million.
SINCLAIR, INC. 
