Sale of Vermont TV stations FOX and WVNY completed for $16.9 million

first_imgNexstar Broadcasting Group, Inc. (Nasdaq: NXST) and Mission Broadcasting, Inc announced Monday that they completed the previously announced accretive acquisition of the assets of WFFF-TV (FOX) and WVNY (ABC) serving the Burlington, Vermont, market from Smith Media, LLC and affiliates for a total of $16.9 million. Concurrent with the closing of the station acquisitions, Nexstar and Mission entered into a local services agreement whereby Nexstar is providing sales and other services to WVNY.When the acquistion was announced last November, Nexstar spokesperson Joe Jaffoni told Vermont Business Magazine that Nexstar has a reputation of understanding community broadcasting, through its coverage of things like local news, community events and high school sports. He said viewers will see more hours of local programming per week overall.”They really understand local programming,” he said. The two stations will continue to operate separately but share services. WFFF and WVNY share the local news broadcast, for instance. “The market is probably going to benefit from stronger, deeper, local news coverage,” Jaffoni said.Perry A. Sook, Chairman, President and Chief Executive Officer of Nexstar Broadcasting Group, Inc, said in a statement Monday that, ‘ This transaction is consistent with our acquisition criteria as it further diversifies our operations, expands our scale, creates another new duopoly market and is financially accretive. Since mid-2012, Nexstar has expanded to 72 from 55 the number of television stations that it owns, operates or provides services to and in doing so, we’ ve grown our duopoly markets to 26 from 20. The eighteen recently acquired stations will be additive to our operating results throughout 2013 and we continue to evaluate additional station acquisition opportunities that will allow the Company to leverage its intellectual capital and operating management disciplines.’Waller Capital served as the exclusive financial advisor to Smith Media, LLC.About Nexstar Broadcasting Group, Inc.Nexstar Broadcasting Group is a leading diversified media company that leverages localism to bring new services and value to consumers and advertisers through its traditional media, e-MEDIA, digital and mobile media platforms. Nexstar owns, operates, programs or provides sales and other services to 72 television stations and 15 related digital multicast signals reaching 41 markets or approximately 12.1% of all U.S. television households. Nexstar’ s portfolio includes affiliates of NBC, CBS, ABC, FOX, MyNetworkTV, The CW, Telemundo, and Bounce TV, the nation’ s first over-the-air broadcast television network programmed for African-American audiences and two independent stations. Nexstar’ s 41 community portal websites offer additional hyper-local content and verticals for consumers and advertisers, allowing audiences to choose where, when and how they access content while creating new revenue opportunities.IRVING, Texas & BURLINGTON, Vt.–(BUSINESS WIRE)–3.4.2013last_img read more

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Father Patrick a banker in Sir Howard Stakes

first_img LUANA has taken a drop in claiming level and should notch her third career win in Race Four. Running among $300,000 claimers on January 5, LUANA lost by a length to TRINI MAGIC after leading a 1300 metres race by two lengths, 200 metres from the finish line. The distance has now been reduced by 100 metres and LUANA’S pace will take her clear of rivals in the final 400 metres. 5. DRUMMER BOY The four-year-old gelding has been quietly fancied in most of his five races since he made his debut on July 14 last year. He was well-beaten in a 1400-metre race on September 29, but returned to produce an improved effort over 800 metres on October 3, last year. Trainer Patrick Lynch has now fitted ALEXA’S STAR with the tongue tie and figure-8 and called on experienced rider Trevor Simpson, so punters can expect a capital effort tomorrow. Quietly Fancied He has trained extremely well since then. On Sunday, he clocked 59.2 for 1000 metres when beating open-allowance stable companion SUPERLUMINAL on the exercise track. CUSTER, UNIVERSAL BOSS, and TOONA CILIATA are all very good horses but FATHER PATRICK looks destined for the top and will be hard to beat. 1. BRANDY 6. LALA DIVA 2. ALEXA’S STARcenter_img SUNRISE-SIX SELECTIONS 4. LUANA Take DRUMMER BOY to make it two wins in the Sunrise-Six for trainer DaCosta, while LALA DIVA gets the right distance and a strong jockey and should make no mistake in the sixth and final race of the Sunrise-Six. The third is the Sir Howard Stakes, one of the main prep races for the April 14 2000 Guineas. A field of seven colts and geldings will face the starter and the firm choice is trainer Ian Parsard’s FATHER PATRICK. A half brother to the former crack Grade One campaigner CRUCIAL APPEAL (both by the mare Late Appeal), FATHER PATRICK was very impressive when winning on debut earlier this year. BRANDY has lost to two vastly improved horses in her last two runs and should return to winning ways in the opening race of tomorrow’s Sunrise-Six at Caymanas Park. On December 29 last year, the Wayne DaCosta-trained four-year-old filly was fifth by four lengths to ADONIS over 1000 metres straight, then, on January 26, was just under three lengths second to GARRINCHA in a 1500-metre event. The distance for tomorrow’s race has been reduced to 1400 metres but BRANDY will still be very comfortable. In addition, tomorrow’s field is a bit weaker than those BRANDY has faced in recent months and she should have no difficulty in putting away her rivals. Race Two is a very knotty 1200-metre race for maiden four-year-olds and upwards and it has attracted a field of nine. ALEXA’S STAR looks the one to be on. 3. FATHER PATRICKlast_img read more

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New Caledonia dominates karate

first_imgA total of seven countries participated:  NEew Caledonia, Fiji, Wallis & Futuna, Solomon Islands, Vanuatu, Tahiti and home team PNG.New Caledonia took out gold in female individual kata, female individual kumite open, male individual kata, male individual kumite +84kg, male individual kumite -84kg, male individual kumite open and male team kata.In second place, Fiji grabbed seven gold medals, four silver and one bronze.Home team PNG finished in third place,  taking out one gold, four silver and nine bronze medals.Vanuatu did exceptionally well finishing fourth with one gold, two silver and four bronze medals.In fifth place, Tahiti wllon a gold medal, two silver and three bronze.Solomon Islands finished sixth with only four bronze medals while Wallis & Futuna got only one bronze.last_img read more

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