among other things , the escrow release conditions included the consummation of our merger with media general and our assumption of all of the obligations of nexstar escrow under the 5.625 % notes . 37 merger with media general on january 17 , 2017 , we completed the merger with media general . media general owned , operated , or serviced 79 full power television stations in 48 markets . substantially concurrent with the merger , we sold the assets of 12 full power television stations in 12 markets , of which five stations were previously owned by us and seven stations were previously owned by media general . following these transactions , we own , operate , program or provide sales and other services to 171 full power television stations in 100 markets , reaching approximately 44.7 million viewers or nearly 39 % of all u.s. television households . pursuant to the terms of the merger agreement , we paid cash consideration of approximately $ 1.4 billion , issued stock consideration of 16,231,070 shares , including the reissuance of shares from nexstar 's treasury , with a fair value of approximately $ 1.0 billion and issued 228,438 stock option replacements with an estimated fair value of $ 10.7 million on the closing date . an additional consideration in the form of a non-tradeable cvr was also issued to the shareholders and outstanding equity awards of media general . the cvr represents the right to receive a pro rata share of the net proceeds from the disposition of media general 's spectrum in the fcc auction , reduced to account for the indirect benefit that such holder will receive as a shareholder of the combined company . we anticipate to receive , later in 2017 , an estimated $ 479.0 million of gross proceeds from the disposition of media general 's spectrum in the fcc auction but we do not anticipate any disposition of nexstar 's spectrum . the value of each cvr is estimated to be worth between $ 1.70 and $ 2.10 based on the estimated gross proceeds , less estimated transaction expenses , repacking expenses and taxes . simultaneously with the closing of the merger , certain then-existing indebtedness of the company and media general was extinguished , including the company 's term loans and revolving loans with a principal balance of $ 668.8 million and $ 2.0 million , respectively , and media general 's outstanding term loans and senior unsecured notes with a principal balance of approximately $ 1.4 billion and $ 275.0 million , respectively . we inherited the $ 400.0 million 5.875 % notes issued by lin tv , which became our indirect subsidiary as of the closing date . the cash consideration , the refinancing of the then-existing indebtedness of the company and media general , and the related fees and expenses were funded through a combination of cash on hand and new borrowings , including : $ 2.75 billion in senior secured term loan b due 2024 and payable in consecutive quarterly installments of 0.25 % of the principal , with the remainder due at maturity ; $ 51.3 million in new senior secured term loan a due 2018 and $ 318.7 million in new senior secured term loan a due 2022 both payable in quarterly installments that increase over time from 5.0 % to 10.0 % ; $ 175.0 million in total commitments under new senior secured revolving credit facilities , of which $ 3.0 million was drawn at closing ; $ 900.0 million from the issuance of the 5.625 % senior unsecured notes due 2024 by nexstar broadcasting , as successor to nexstar escrow , our wholly-owned subsidiary ; and $ 547.8 million in total consideration , plus working capital adjustments , from the previously announced sale of the assets of 12 full power television stations in 12 markets . in respect of the aforementioned television station divestitures , we previously owned five of such stations and seven stations were previously owned by media general . these divestitures were made to comply with the fcc 's local television ownership rule and the 39 % u.s. television household national ownership cap . our remaining commitments in connection with these transactions , including the bridge facility and the short-term facility totaling $ 530.0 million , were not funded and were consequently terminated upon closing of the merger . also on the closing date , in connection with the merger , we executed a joinder to the purchase agreement , dated july 13 , 2016 , by and among nexstar escrow and merrill lynch , pierce , fenner & smith incorporated , as representative of the several initial purchasers , relating to the issuance and sale of the 5.625 % notes to such initial purchasers , pursuant to which nexstar and certain of its subsidiaries became parties to the purchase agreement . on the closing date , we entered into a supplement to the indenture governing the 5.625 % notes , pursuant to which nexstar broadcasting assumed the obligations of nexstar escrow under such indenture and the 5.625 % notes , and we and mission provided guarantees under such indenture and the 5.625 % notes ( subject to the definition of “ guarantee ” in such indenture ) . following the merger , nexstar broadcasting , nexstar , lin tv , and the bank of new york mellon , as trustee , entered into the “ 5.875 % notes third supplemental indenture ” governing the 5.875 % notes , whereby nexstar broadcasting assumed the obligations of media general as a guarantor under such indenture and nexstar provided a guarantee of the 5.875 % notes ( subject to the definition of “ guarantee ” in the 5.875 % notes third supplemental indenture ) . story_separator_special_tag this was primarily attributable to decreases in amortization of other intangible assets from certain fully amortized assets of $ 8.2 million , partially offset by incremental amortization of other intangible assets from our newly acquired stations and entities of $ 6.3 million . amortization of broadcast rights , excluding barter was flat at $ 22.5 million for the year ended december 31 , 2016 , compared to $ 22.2 million for the same period in 2015. in the fourth quarter of 2016 , we recorded a goodwill impairment charge of $ 15.1 million in one of our digital businesses due to operating losses , industry-wide margin compression and lower short-term future earnings expectations . 43 interest expense , net interest expense , net was $ 116.1 million for the year ended december 31 , 2016 , compared to $ 80.5 million for the same period in 2015 , an increase of $ 35.6 million , or 44.2 % , primarily attributable to increased borrowings during 2016 and 2015 to fund our acquisitions . income taxes income tax expense was $ 77.6 million for the year ended december 31 , 2016 , compared to $ 48.7 million for the same period in 2015 , an increase of $ 28.9 million , or 59.3 % . the effective tax rates during the years ended december 31 , 2016 and 2015 were 45.5 % and 38.7 % , respectively . our station acquisitions reduced our blended state tax rate in 2015 resulting in an income tax benefit of $ 2.4 million , or a 1.9 % impact to the effective tax rate . in 2016 we booked a nondeductible goodwill impairment and nondeductible earnout payments that increased the effective tax rate by 3.6 % . year ended december 31 , 2015 compared to year ended december 31 , 2014 the period-to-period comparability of our consolidated operating results is affected by acquisitions . for each quarter we present , our legacy stations include those stations that we owned or provided services to for the complete quarter in the current and prior years . for our annual and year to date presentations , we combine the legacy stations ' amounts presented in each quarter revenue gross local advertising revenue was $ 369.3 million for the year ended december 31 , 2015 , compared to $ 279.2 million for the same period in 2014 , an increase of $ 90.2 million , or 32.3 % . gross national advertising revenue was $ 153.6 million for the year ended december 31 , 2015 , compared to $ 109.9 million for the same period in 2014 , an increase of $ 43.7 million , or 39.7 % . the increase in local and national advertising revenue was primarily attributable to incremental revenue from our newly acquired stations of $ 135.8 million . our legacy stations ' local and national advertising revenue were relatively flat during the year ended december 31 , 2015 compared to the same period in 2014. our largest advertiser category , automobile , represented approximately 24.8 % and 25.3 % of our local and national advertising revenue for the years ended december 31 , 2015 and 2014 , respectively . overall , including past results of our newly acquired stations , automobile revenues decreased during the year . the other categories representing our top five were fast food/restaurants which declined this year , furniture and medical/healthcare , which increased in 2015 , and radio/tv/cable/newspaper , which remained flat . gross political advertising revenue was $ 12.7 million for the year ended december 31 , 2015 , compared to $ 64.3 million for the same period in 2014 , a decrease of $ 51.6 million , as 2015 was not an election year . retransmission compensation was $ 298.0 million for the year ended december 31 , 2015 , compared to $ 155.0 million for the same period in 2014 , an increase of $ 143.1 million , or 92.3 % . the increase in retransmission compensation was attributable to a $ 70.7 million increase on our legacy stations , primarily related to the 2014 and 2015 renewals of contracts providing for higher rates per subscriber , and incremental revenue from our newly acquired stations of $ 72.4 million . digital media revenue , representing advertising revenue on our stations ' web and mobile sites and revenue from our other digital operations , was $ 89.9 million for the year ended december 31 , 2015 , compared to $ 46.7 million for the same period in 2014 , an increase of $ 43.2 million or 92.5 % . the increase was primarily attributable to the $ 39.3 million in incremental revenue from our newly acquired stations and entities , and a $ 2.9 million increase in revenue from our legacy stations . operating expenses corporate expenses , related to costs associated with the centralized management of our stations , were $ 44.9 million for the year ended december 31 , 2015 , compared to $ 35.2 million for the same period in 2014 , an increase of $ 9.7 million , or 27.5 % . this was primarily attributable to an increase in stock-based compensation expense of $ 3.8 million due to equity incentive awards in 2015 , an increase in payroll expense of $ 1.6 million related to the increased number of stations , an increase in legal and professional fees of $ 2.4 million primarily associated with our acquisitions of stations and entities , and costs incurred attributable to new vies of $ 1.2 million . station direct operating expenses , consisting primarily of news , engineering , programming and selling , general and administrative expenses ( net of trade expense ) were $ 480.9 million for the year ended december 31 , 2015 , compared to $ 319.0 million for the same period in 2014 , an increase of $ 161.9 million , or 50.7 % . the increase was primarily due to

liquidity and capital resources the company is highly leveraged , which makes it vulnerable to changes in general economic conditions . the company 's ability to meet the future cash requirements described below depends on its ability to generate cash in the future , which is subject to general economic , financial , competitive , legislative , regulatory and other conditions , many of which are beyond the company 's control . based on current operations and anticipated future growth , the company believes that its available cash , anticipated cash flow from operations and available borrowings under the senior secured credit facilities will be sufficient to fund working capital , capital expenditure requirements , interest payments and scheduled debt principal payments for at least the next twelve months as of the filing date of this annual report on form 10-k. in order to meet future cash needs the company may , from time to time , borrow under its existing senior secured credit facilities or issue other long- or short-term debt or equity , if the market and the terms of its existing debt arrangements permit . we will continue to evaluate the best use of our operating cash flow among our capital expenditures , acquisitions and debt reduction . overview the following tables present summarized financial information management believes is helpful in evaluating the company 's liquidity and capital resources ( in thousands ) : replace_table_token_12_th ( 1 ) the cash paid for income taxes , net of refunds , during the year ended december 31 , 2015 includes payments totaling $ 23.0 million in tax liabilities assumed in or resulting from various acquisitions and sales .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity and capital resources the company is highly leveraged , which makes it vulnerable to changes in general economic conditions . the company 's ability to meet the future cash requirements described below depends on its ability to generate cash in the future , which is subject to general economic , financial , competitive , legislative , regulatory and other conditions , many of which are beyond the company 's control . based on current operations and anticipated future growth , the company believes that its available cash , anticipated cash flow from operations and available borrowings under the senior secured credit facilities will be sufficient to fund working capital , capital expenditure requirements , interest payments and scheduled debt principal payments for at least the next twelve months as of the filing date of this annual report on form 10-k. in order to meet future cash needs the company may , from time to time , borrow under its existing senior secured credit facilities or issue other long- or short-term debt or equity , if the market and the terms of its existing debt arrangements permit . we will continue to evaluate the best use of our operating cash flow among our capital expenditures , acquisitions and debt reduction . overview the following tables present summarized financial information management believes is helpful in evaluating the company 's liquidity and capital resources ( in thousands ) : replace_table_token_12_th ( 1 ) the cash paid for income taxes , net of refunds , during the year ended december 31 , 2015 includes payments totaling $ 23.0 million in tax liabilities assumed in or resulting from various acquisitions and sales .
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 Suspicious Activity Report : among other things , the escrow release conditions included the consummation of our merger with media general and our assumption of all of the obligations of nexstar escrow under the 5.625 % notes . 37 merger with media general on january 17 , 2017 , we completed the merger with media general . media general owned , operated , or serviced 79 full power television stations in 48 markets . substantially concurrent with the merger , we sold the assets of 12 full power television stations in 12 markets , of which five stations were previously owned by us and seven stations were previously owned by media general . following these transactions , we own , operate , program or provide sales and other services to 171 full power television stations in 100 markets , reaching approximately 44.7 million viewers or nearly 39 % of all u.s. television households . pursuant to the terms of the merger agreement , we paid cash consideration of approximately $ 1.4 billion , issued stock consideration of 16,231,070 shares , including the reissuance of shares from nexstar 's treasury , with a fair value of approximately $ 1.0 billion and issued 228,438 stock option replacements with an estimated fair value of $ 10.7 million on the closing date . an additional consideration in the form of a non-tradeable cvr was also issued to the shareholders and outstanding equity awards of media general . the cvr represents the right to receive a pro rata share of the net proceeds from the disposition of media general 's spectrum in the fcc auction , reduced to account for the indirect benefit that such holder will receive as a shareholder of the combined company . we anticipate to receive , later in 2017 , an estimated $ 479.0 million of gross proceeds from the disposition of media general 's spectrum in the fcc auction but we do not anticipate any disposition of nexstar 's spectrum . the value of each cvr is estimated to be worth between $ 1.70 and $ 2.10 based on the estimated gross proceeds , less estimated transaction expenses , repacking expenses and taxes . simultaneously with the closing of the merger , certain then-existing indebtedness of the company and media general was extinguished , including the company 's term loans and revolving loans with a principal balance of $ 668.8 million and $ 2.0 million , respectively , and media general 's outstanding term loans and senior unsecured notes with a principal balance of approximately $ 1.4 billion and $ 275.0 million , respectively . we inherited the $ 400.0 million 5.875 % notes issued by lin tv , which became our indirect subsidiary as of the closing date . the cash consideration , the refinancing of the then-existing indebtedness of the company and media general , and the related fees and expenses were funded through a combination of cash on hand and new borrowings , including : $ 2.75 billion in senior secured term loan b due 2024 and payable in consecutive quarterly installments of 0.25 % of the principal , with the remainder due at maturity ; $ 51.3 million in new senior secured term loan a due 2018 and $ 318.7 million in new senior secured term loan a due 2022 both payable in quarterly installments that increase over time from 5.0 % to 10.0 % ; $ 175.0 million in total commitments under new senior secured revolving credit facilities , of which $ 3.0 million was drawn at closing ; $ 900.0 million from the issuance of the 5.625 % senior unsecured notes due 2024 by nexstar broadcasting , as successor to nexstar escrow , our wholly-owned subsidiary ; and $ 547.8 million in total consideration , plus working capital adjustments , from the previously announced sale of the assets of 12 full power television stations in 12 markets . in respect of the aforementioned television station divestitures , we previously owned five of such stations and seven stations were previously owned by media general . these divestitures were made to comply with the fcc 's local television ownership rule and the 39 % u.s. television household national ownership cap . our remaining commitments in connection with these transactions , including the bridge facility and the short-term facility totaling $ 530.0 million , were not funded and were consequently terminated upon closing of the merger . also on the closing date , in connection with the merger , we executed a joinder to the purchase agreement , dated july 13 , 2016 , by and among nexstar escrow and merrill lynch , pierce , fenner & smith incorporated , as representative of the several initial purchasers , relating to the issuance and sale of the 5.625 % notes to such initial purchasers , pursuant to which nexstar and certain of its subsidiaries became parties to the purchase agreement . on the closing date , we entered into a supplement to the indenture governing the 5.625 % notes , pursuant to which nexstar broadcasting assumed the obligations of nexstar escrow under such indenture and the 5.625 % notes , and we and mission provided guarantees under such indenture and the 5.625 % notes ( subject to the definition of “ guarantee ” in such indenture ) . following the merger , nexstar broadcasting , nexstar , lin tv , and the bank of new york mellon , as trustee , entered into the “ 5.875 % notes third supplemental indenture ” governing the 5.875 % notes , whereby nexstar broadcasting assumed the obligations of media general as a guarantor under such indenture and nexstar provided a guarantee of the 5.875 % notes ( subject to the definition of “ guarantee ” in the 5.875 % notes third supplemental indenture ) . story_separator_special_tag this was primarily attributable to decreases in amortization of other intangible assets from certain fully amortized assets of $ 8.2 million , partially offset by incremental amortization of other intangible assets from our newly acquired stations and entities of $ 6.3 million . amortization of broadcast rights , excluding barter was flat at $ 22.5 million for the year ended december 31 , 2016 , compared to $ 22.2 million for the same period in 2015. in the fourth quarter of 2016 , we recorded a goodwill impairment charge of $ 15.1 million in one of our digital businesses due to operating losses , industry-wide margin compression and lower short-term future earnings expectations . 43 interest expense , net interest expense , net was $ 116.1 million for the year ended december 31 , 2016 , compared to $ 80.5 million for the same period in 2015 , an increase of $ 35.6 million , or 44.2 % , primarily attributable to increased borrowings during 2016 and 2015 to fund our acquisitions . income taxes income tax expense was $ 77.6 million for the year ended december 31 , 2016 , compared to $ 48.7 million for the same period in 2015 , an increase of $ 28.9 million , or 59.3 % . the effective tax rates during the years ended december 31 , 2016 and 2015 were 45.5 % and 38.7 % , respectively . our station acquisitions reduced our blended state tax rate in 2015 resulting in an income tax benefit of $ 2.4 million , or a 1.9 % impact to the effective tax rate . in 2016 we booked a nondeductible goodwill impairment and nondeductible earnout payments that increased the effective tax rate by 3.6 % . year ended december 31 , 2015 compared to year ended december 31 , 2014 the period-to-period comparability of our consolidated operating results is affected by acquisitions . for each quarter we present , our legacy stations include those stations that we owned or provided services to for the complete quarter in the current and prior years . for our annual and year to date presentations , we combine the legacy stations ' amounts presented in each quarter revenue gross local advertising revenue was $ 369.3 million for the year ended december 31 , 2015 , compared to $ 279.2 million for the same period in 2014 , an increase of $ 90.2 million , or 32.3 % . gross national advertising revenue was $ 153.6 million for the year ended december 31 , 2015 , compared to $ 109.9 million for the same period in 2014 , an increase of $ 43.7 million , or 39.7 % . the increase in local and national advertising revenue was primarily attributable to incremental revenue from our newly acquired stations of $ 135.8 million . our legacy stations ' local and national advertising revenue were relatively flat during the year ended december 31 , 2015 compared to the same period in 2014. our largest advertiser category , automobile , represented approximately 24.8 % and 25.3 % of our local and national advertising revenue for the years ended december 31 , 2015 and 2014 , respectively . overall , including past results of our newly acquired stations , automobile revenues decreased during the year . the other categories representing our top five were fast food/restaurants which declined this year , furniture and medical/healthcare , which increased in 2015 , and radio/tv/cable/newspaper , which remained flat . gross political advertising revenue was $ 12.7 million for the year ended december 31 , 2015 , compared to $ 64.3 million for the same period in 2014 , a decrease of $ 51.6 million , as 2015 was not an election year . retransmission compensation was $ 298.0 million for the year ended december 31 , 2015 , compared to $ 155.0 million for the same period in 2014 , an increase of $ 143.1 million , or 92.3 % . the increase in retransmission compensation was attributable to a $ 70.7 million increase on our legacy stations , primarily related to the 2014 and 2015 renewals of contracts providing for higher rates per subscriber , and incremental revenue from our newly acquired stations of $ 72.4 million . digital media revenue , representing advertising revenue on our stations ' web and mobile sites and revenue from our other digital operations , was $ 89.9 million for the year ended december 31 , 2015 , compared to $ 46.7 million for the same period in 2014 , an increase of $ 43.2 million or 92.5 % . the increase was primarily attributable to the $ 39.3 million in incremental revenue from our newly acquired stations and entities , and a $ 2.9 million increase in revenue from our legacy stations . operating expenses corporate expenses , related to costs associated with the centralized management of our stations , were $ 44.9 million for the year ended december 31 , 2015 , compared to $ 35.2 million for the same period in 2014 , an increase of $ 9.7 million , or 27.5 % . this was primarily attributable to an increase in stock-based compensation expense of $ 3.8 million due to equity incentive awards in 2015 , an increase in payroll expense of $ 1.6 million related to the increased number of stations , an increase in legal and professional fees of $ 2.4 million primarily associated with our acquisitions of stations and entities , and costs incurred attributable to new vies of $ 1.2 million . station direct operating expenses , consisting primarily of news , engineering , programming and selling , general and administrative expenses ( net of trade expense ) were $ 480.9 million for the year ended december 31 , 2015 , compared to $ 319.0 million for the same period in 2014 , an increase of $ 161.9 million , or 50.7 % . the increase was primarily due to

