Analyst sees only positives in Nexstar/Grant deal


Nexstar Broadcasting GroupThe $87.5M deal under which Nexstar proposes to acquire seven Grant Company television stations in four markets has been put under the Moody’s Investors Service microscope, and Moody’s likes what it sees.

Leverage is always a key concern of Moody’s, and in this case, Nexstar will be going in at about the 5.2x level. The good news is that it is not expected to undergo a material negative change as a result of the acquisition.

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