That article is wrong, net debt is only $606m, and will be lower when they report. $1b valuation would mean a $14+ share price.
With a market capitalization of about $210 million and an enterprise value, "including net debt", of more than $800 million, Nexstar could fetch more than $1 billion ...¡¡¡This article is correct !!!!
I read it differently. $1b = $14/share.