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New Deal


Announced

Completed

Nexstar completed the acquisition of The Hill from HRS Management for $130m.

Financials

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Transaction Value£95m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Completed

newspaper

Private

Friendly

Single Bidder

Publishing

Majority

Private Equity

Acquisition

United States

Synopsis

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Nexstar, a television station owner and operator, completed the acquisition of The Hill, a political news provider, from HRS Management, a private investment office, for $130m. “The accretive acquisition of The Hill’s independent, political digital media platform marks continued progress with Nexstar’s ‘content-first strategy’ and reflects our organization-wide commitment to deliver trusted, unbiased, fact-based journalism that engages and informs our audiences across all screens and devices. The Hill has a nationally recognized brand known for delivering balanced political reporting, as well as authentic opinions and perspectives, and is highly complementary to Nexstar’s national cable news network, NewsNation," Tom Carter, Nexstar President and Chief Operating Officer.

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