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Nexstar Broadcasting Enters into Definitive Agreement to Acquire Four North Dakota CBS-Affiliated Television Stations for $44 Million in Accretive Transaction

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IRVING, Texas--(BUSINESS WIRE)--Nexstar Broadcasting Group, Inc. (Nasdaq:NXST) (“Nexstar” or “the Company”) announced today that it entered into a definitive agreement to acquire the assets of four CBS-affiliated television stations serving the Minot-Bismarck-Dickinson-Williston, North Dakota market (DMA #139) (“the market”) for $44.0 million from Reiten Television, Inc. (“Reiten”). The proposed acquisition is expected to be immediately accretive to Nexstar’s operating results upon closing. In

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