Univision Local Media Joins the Sinclair and Nexstar Consortium to Promote Broadcast Spectrum Aggregation, Innovation and Monetization

IRVING, Texas and BALTIMORE, Maryland - Nexstar Media Group, Inc. (NASDAQ: NXST) ('Nexstar') and Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) ('Sinclair'), (together referred to as 'the Parties') announced today that Univision Local Media, Inc. ('Univision') is now a party to the memorandum of understanding regarding the establishment of a consortium that will promote spectrum aggregation, innovation and monetization and enhance their abilities to compete in the wireless data transmission sector. The consortium, has agreed to collaborate on a non-exclusive basis and continues to welcome the inclusion of other television broadcasting entities. Together, Nexstar, Sinclair and Univision reach...