Nexstar Broadcasting Acquires Internet Technology Provider GoLocal.Biz in Accretive Transaction

Nexstar Broadcasting Group, Inc. NXST announced today that it has acquired the assets of Internet technology provider GoLocal.Biz. Though financial terms were not disclosed, the acquisition of GoLocal.Biz, which provides local business directory, coupon, movie and entertainment listings to all 35 of Nexstar's community portal web sites and to other U.S. local market clients, is expected to be immediately accretive to Nexstar's operating results. Based in St. George, Utah, GoLocal.biz was founded by Nick Schulz, Dave May and Brian Green in 2007. GoLocal.Biz will operate as part of Nexstar's e-Media, community portal and technology operations and will report to Nexstar EVP and Co-COO Brian Jones. Commenting on the acquisition, Nexstar Broadcasting Group President and Chief Executive Officer, Perry A. Sook, said, “GoLocal.biz is an Internet technology provider and marketing services company offering targeted online local business listings, advertising and promotion solutions, embedded video, images, map, contact information, local advertiser web links and other vital information to local consumers. The acquisition creates an entirely new revenue stream for Nexstar as we intend to expand the distribution and syndication of the GoLocal.biz platform to other online publishers in television and radio markets not served by Nexstar.