ABRY Partners is selling its remaining 3.5 million shares in Nexstar Broadcasting Group (NASDAQ: NXST), a diversified media company headquartered in Texas. Following the offering, the firm will no longer be a shareholder in the company. Based in Irving, TX, Nexstar owns, operates, programs or provides sales to 72 TV stations and 13 related digital multicast signals spanning 41 markets. Its portfolio includes affiliates of all the major television stations and covers about 12% of all U.S. television households. ABRY helped found the company in 1996 alongside CEO Perry Sook before taking it public in 2003.
