Nexstar Buying BestReviews
Nexstar will buy consumer product rating company BestReviews from Tribune Publishing for $160 million, Nexstar announced Wednesday. Nexstar plans to “quickly scale” the online review service “through increased content syndication and brand awareness,” Chief Financial Officer Tom Carter said. This…
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means a substantial return on Tribune’s investment, Noble Capital Markets’ Michael Kupinski emailed investors Thursday. The deal is expected to close by year-end.