Nexstar May Benefit From Political Ads, Olympics, Analyst Says
Nexstar may benefit from the political advertising and Olympics seasons and expected heightened mergers and acquisitions activity, Noble Capital Markets analyst Michael Kupinski emailed investors Wednesday. Nexstar “is expected to be a key consolidator,” Kupinski said. Its recent buy of…
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digital media ad company Liquid will increase ability “to participate in the video advertising arena,” he said. TV broadcasters are more valuable in the “heightened M&A environment” expected due to relaxed ownership rules, Kupinski said.