Nexstar Acquires The Hill for $130 Million
August 20, 2021
Nexstar Media Inc., a wholly-owned subsidiary of Nexstar Media Group, Inc., acquired political digital media platform The Hill for $130 million (plus working capital adjustments). The acquisition expands Nexstar's digital content portfolio and audience reach, pairing The Hill's political news platform with Nexstar's national and local distribution channels to drive advertising and monetization opportunities.
- Targets
- The Hill
- Sellers
- Jimmy Finkelstein, HRS Management
- Industry
- Media & Entertainment
- Location
- District of Columbia, United States
- Transaction Type
- Buyout
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