Another strong performer this quarter was Nexstar Broadcasting Group (NASDAQ:NXST), a television broadcasting and digital company that focuses on acquiring, developing and operating television stations and social media websites. The company reported second quarter earnings that were in-line with expectations. Management noted that they are on pace to meet or exceed guidance and are optimistic the FCC will allow them to close the acquisition of Media General this year. The stock rose over 21% and contributed 81 basis points of performance in the third quarter.
From Keeley All Cap Value Fund third-quarter 2016 commentary.
