Nexstar Media Group acquired The Hill for $130 million, a transaction completed in August 2021, structured as Acquisition.
The Hill operates in Digital, is based in United States. Nexstar acquired The Hill, the nation's leading independent political digital-media platform, with about 48 million average monthly users in 2020. The deal advanced Nexstar's content-first digital strategy alongside its NewsNation cable network.
Diversifies and scales Nexstar's national digital news reach and monetization.
Advisory firms were not disclosed for this transaction.