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Relatively High Debt to Asset Ratio Detected in Shares of Nexstar Broadcasting Group in the Broadcasting Industry (NXST, SBGI, SNI, GTN, MEG)

By Nick Russo

Below are the three companies in the Broadcasting industry with the highest debt to asset ratios. The Debt/Asset ratio shows the proportion of a company's assets that are financed through debt. If the ratio is greater than one, most of the company's assets are financed through debt.

Nexstar Broadcasting Group ranks highest with a a debt to asset ratio of 0.80. Sinclair Broadcast Group is next with a a debt to asset ratio of 0.71. Scripps Networks Interactive ranks third highest with a a debt to asset ratio of 0.62.

Gray Television follows with a a debt to asset ratio of 0.59, and Media General rounds out the top five with a a debt to asset ratio of 0.50.

SmarTrend recommended that subscribers consider buying shares of Media General on September 28th, 2015 as our technology indicated a new Uptrend was in progress when shares hit $13.73. Since that recommendation, shares of Media General have risen 29.9%. We continue to monitor Media General for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest debt to asset ratio nexstar broadcasting group sinclair broadcast group Scripps Networks Interactive gray television media general