WVMHWest Virginia Media Holdings
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The planned acquisition of these stations from WVMH further broadens Nexstar s local television broadcasting and digital media platform with stations that are geographically complementary to the Company s operating base while presenting significant financial and operating synergies.
The TBA with WVMH is subject to HSR approval and is expected to close in December 2015, with the station license assets subject to FCC approval and expected to close in late 2016.
Under the terms of the agreement, Nexstar will enter into a Time Brokerage Agreement with WVMH once it receives DOJ approval, which will receive the stations' broadcast cash flow and pay an annual fee to WVMH.