“Our strategy is to expand our reach and scale over the past 23 years are married to a commitment to enhance value for shareholders.”
That’s a direct quote from Nexstar Media Group founder and President/CEO Perry Sook, who made the comment late last week during his company’s Q3 earnings call.
With approximately 60% free cash flow accretion to be arrived from Nexstar’s acquisition of Tribune Media, the company he founded roughly a quarter-century ago with the purchase of a Scranton, Pa., TV station is riding high.
“We view this as best of the 36 transactions we’ve done in our history,” he said of the deal Sinclair Broadcast Group couldn’t get done, but Nexstar did.
