Nexstar Media Group, Inc. (NasdaqGS:NXST) agreed to acquire WDKY-TV in the Lexington, KY of Sinclair Broadcast Group, Inc. (NasdaqGS:SBGI) on January 27, 2020. Sinclair Broadcast Group agreed to sell WDKY-TV in the Lexington and KGBT-TV in Harlingen for a combined purchase price of $36 million. On July 15, 2020 Sinclair to acquire this station for $18.0 million in cash, subject to working capital adjustments.

The purchase price is expected to be funded through cash on hand. The transaction is subject to FCC approval and other customary approvals. The transaction is expected to close in second half of 2020.