Nexstar Acquires Internet Tech, Data Provider

Nexstar Broadcasting Group has acquired GoLocal.biz, an Internet technology company that has been providing local business directory, coupon, movie and entertainment listings to all 35 of Nexstar’s local portal websites and to other local media, it was announced this morning.

Nexstar did not disclosed terms of the deal, but said it would be “immediately accretive” to its operating results.

Based in St. George, Utah, GoLocal.biz was founded by Nick Schulz, Dave May and Brian Green in 2007.

GoLocal.Biz will operate as part of Nexstar’s e-Media community portal and technology operation and will report to Nexstar EVP and Co-COO Brian Jones.

“The acquisition creates an entirely new revenue stream for Nexstar as we intend to expand the distribution and syndication of the GoLocal.biz platform to other online publishers in television and radio markets not served by Nexstar,” said Nexstar CEO Perry A. Sook in a statement.

Sook also said that its portal strategy has produced 18 consecutive quarters of revenue growth. “We are on track to deliver double-digit e-Media growth in 2011 based on our expanding base of revenue applications and the further penetration of our mobile marketing and video initiatives which will also expand as a result of the acquisition of the GoLocal.biz platform.”