The Hill Acquired by TV Broadcast Group Nexstar Media for $130 Million
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variety.comTodd Spangler NY Digital EditorPolitical digital media company The Hill has been acquired by Nexstar Media, a broadcast TV and internet media company, for $130 million.Nexstar, which operates TV stations in 116 markets and 120 local websites, said the acquisition of The Hill would be immediately accretive to its operating results.
Nexstar’s Networks Division operates NewsNation (formerly WGN America), a national news and entertainment cable network reaching 75 million homes, as well as multicast network Antenna TV and WGN Radio in Chicago.The deal reinforces Nexstar’s content strategy focused primarily on news, according to Tom Carter, Nexstar president and COO.“The Hill has a nationally recognized brand known for delivering balanced.
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