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Nexstar Broadcasting to redeem 12% notes
By Caroline Salls
Pittsburgh, Dec. 8 - Nexstar Broadcasting Group Inc. said it will redeem its 12% senior subordinated notes on or after April 1, 2005.
"[The redemption] would generate substantial free cash flow benefits for the company going forward," chairman, president and chief executive officer Perry A. Sook said in a company news release.
Nexstar Broadcasting is an Irving, Texas, television broadcasting company.
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