U.S. TV broadcaster Nexstar announced it is acquiring 12 stations from Newport Television Holdings and that it has concluded its review of strategic alternatives intended to maximize shareholder value. We are affirming our 'B' corporate credit rating on the company, removing it from CreditWatch with negative implications. The outlook is stable. The stable outlook is based on our expectation that Nexstar will maintain a lease-adjusted debt to trailing-eight-quarter' EBITDA ratio of 7x or less over the intermediate term, along with adequate liquidity and an adequate amount of headroom with covenants. On July 19, 2012, Standard&Poor's Rating Services affirmed its 'B' corporate credit rating on Irving, Texas-based Nexstar Broadcasting Group Inc. At the same time, we removed the rating
