Nexstar Discussing M&A, Ryvicker Says
Nexstar is "already having M&A discussions," Wells Fargo analyst Marci Ryvicker emailed investors Tuesday. "It sounds like NXST is ready to transact NOW -- despite the recent close of the[Media General] deal." Though Nexstar hasn't reveled how Q1 is going,…
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she said she believes the quarter is "probably down." Nexstar management described Q1 as ''more peppy'' than Q4, she said. Nexstar is in discussions with virtual multichannel video programming distributors, Ryvicker said. "Discussions are ongoing with both the networks and the distributors themselves, but no agreement has been signed yet."