Street Takes Stock of Broadcasting Resurgence

摘要

As the third quarter of 2011 kicked off, Nexstar Broadcasting Group stock stood at $6.57-about what it costs to buy a McDonald's value meal in Nexstar's Irving, Texas, home. A year later, it was 11 bucks. And when the third quarter kicked off last week, Nexstar-fueled by $800 million in acquisitions and Wall Street's suddenly favorable esteem for local television-approached a stunning $45.