On Sept. 11, investors weren’t so sure about the growth trajectory of Nexstar Media Group. It was nine months since the company closed on its $4.6 billion acquisition of Media General, a deal struck in September 2015.
It was also a period where scrutiny over Sinclair Broadcast Group‘s planned merger with Tribune Media increased in volume — and five weeks before Tribune stockholders overwhelmingly approved the merger.
Nexstar shares sat at $57.80. Today, they are at a record high.