Irving-Based Nexstar Buys Political Media Outlet The Hill in $130 Million Deal

Nexstar Media Group subsidiary Nexstar Media Inc. has acquired political news outlet The Hill in a $130 million deal, the company announced Friday.

The Hill will join Irving-based Nexstar’s network of 199 local TV stations in 116 U.S. markets that reach 39% of American households. The company also recently acquired product review site BestReviews from Tribune Publishing for $160 million. In 2020, it launched a nightly prime-time news show on WGN America called NewsNation that reaches 75 million U.S. homes.

Nexstar said it intends to leverage its omni-channel approach to content distribution to expand The Hill’s reach and revenue.

Read the full story at Dallas Morning News.