Categories: OLD Media News

Nexstar Media acquires The Hill for $130 million

Political digital media company The Hill has been acquired by Nexstar Media for $130 million, reports Variety.

Nexstar operates TV stations in 116 markets and 120 local websites. The company said, “the acquisition of The Hill would be immediately accretive to its operating results.”

“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 COO, stated.

As part of the acquisition, The Hill brings more than 100 political journalists to Nexstar.

Read more here.

Mariam Ahmed

Recent Posts

Pacific Business News hires Meierdiercks as editor in chief

The Pacific Business News, an American City Business Journals publication, has hired Janis Magin Meierdiercks  as…

23 hours ago

Sifted reporter Nowshin departs

Sadia Nowshin, a reporter at European startup news site Sifted, is leaving to join literary…

23 hours ago

Variety promotes Shanfeld to TV reporter

Variety has promoted Ethan Shanfeld to TV reporter. William Earl of Variety writes, "Shanfeld joins the entertainment…

23 hours ago

Klimasinska named Bloomberg’s DC breaking news team leader

Kasia Klimasinska is the new team leader for DC breaking news at Bloomberg News. She…

1 day ago

NYC event to honor Ledbetter is next week

  Paul Smalera has organized a gathering of James Ledbetter's friends and colleagues—open to all…

1 day ago

CoStar hires Scheier to cover San Francisco market

Real estate news service CoStar News has hired Rachel Scheier to cover the San Francisco commercial market.…

1 day ago