(NAMC) - Nexstar Broadcasting Group, Inc. (NASDAQ: NXST) has completed the purchase of the assets of WTAJ-TV, the CBS affiliate serving the Johnstown/Altoona, Pennsylvania market for $56 million from Television Station Group Holdings, LLC, which is primarily owned by Boston Ventures and Alta Communications.

According to Nielsen Media 2006-2007 Local Market Estimates, Johnstown/Altoona, Pennsylvania is the 98th largest television market in the country.

As part of the purchase consideration, Nexstar also acquired the license and certain assets and contracts of WLYH-TV, in Lancaster PA, whereby another broadcaster now operates the station under a ‘grandfathered’ Time Brokerage Agreement that extends until 2015.

NAMC Newswire Note: The 2007 "Wall Street to Main Street" Contest is underway and is only  available to subscribers. Keep in mind that all subscriptions are free, all that you need to do is go to www.namcnewswire.com/contest and add your email address, its simple, quick and FREE. You can win one of the many prizes being offered from an iPod, Zune to various gift cards from select retailers..

This article can be republished either online or in print as long as credit is given to the author and the NAMC Newswire.
 
Wall Street to Main Street is also one of the leading shows on StreetIQ , the leader in financial podcast: http://www.streetiq.com/dir/NAMC.shtml

Also be sure to listen to the "Wall Street to Main Street" radio show that is syndicated daily. Just visit the NAMC radio at www.namcnewswire.com/namcradio. 

U.S. Trade Delegations to China scheduled for 2007, Small and Mid Cap Public and Private U.S. Companies are the Focus of the trips: www.namcworldwide.com/conferences