CHARLESTON, W.Va. — An agreement has been reached that would allow four television stations in West Virginia to be taken over by Nexstar Broadcasting Group for $130 million.
On Tuesday, Nexstar, a Texas-based media company, announced its plan to purchase four stations owned by West Virginia Media Holdings, including WTRF in Wheeling, WVNS in Beckley, WBOY in Clarksburg and WOWK in Charleston and Huntington.
George Manahan, the spokesman for West Virginia Media Holdings, said The State Journal, the weekly print newspaper produced by the company is not included in that deal. He said the State Journal would remain the property of West Virginia Media Holdings.
According to a company press release, three of the four television stations being acquired hold top spots in their media markets, based on revenue shares.
The release also stated that the acquisition will increase Nexstar’s portfolio to include 115 television stations, in 62 markets and 25 states. Those stations will reach approximately 20.5 million households or 18.1 percent of all U.S. households with a television…