"Nexstar" redirects here. For the telescope brand, see Celestron. For similarly spelled subjects, see Next Star (disambiguation).
Nexstar Media Group, Inc.
Formerly
Nexstar Broadcasting Group, Inc. (1996–2017)
Company type
Public
Traded as
Nasdaq: NXST (Series A)
Russell 1000 component
S&P 400 component
Industry
Media (television stations)
Predecessors
Quorum Broadcasting
Newport Television
Grant Broadcasting
Communications Corporation of America
Media General
West Virginia Media Holdings
Tribune Broadcasting
Tribune Media
Founded
June 17, 1996; 27 years ago (1996-06-17)
Founder
Perry A. Sook
Headquarters
Irving, Texas, U.S. (corporate)
New York City (operational)
Area served
United States (nationwide)
Key people
Perry A. Sook
(chairman & CEO)
Michael Biard
(president & COO)
Lee Ann Gliha
(CFO)
Michael Strober
(CRO)
Services
Broadcasting
Revenue
US$4.5 billion (2020)
Operating income
US$1.375 billion (2020)
Net income
US$808.06 million (2020)
Total assets
US$2.97 billion (2016)
Total equity
US$284.35 million (2016)
Owner
John Muse (largest insider shareholder)
Public (controlling)
Number of employees
11,086 (2020)
Divisions
Nexstar Broadcasting
Nexstar Digital
Website
nexstar.tv
Footnotes / references [1]
Nexstar Media Group, Inc. is an American publicly traded media company with headquarters in Irving, Texas, Midtown Manhattan, and Chicago. The company is the largest television station owner in the United States, owning 197 television stations across the U.S., most of which are affiliated with the four "major" U.S. television networks and MyNetworkTV in markets as large as New York City and as small as San Angelo, Texas. It also operates all of the stations owned by affiliated companies, such as Mission Broadcasting and Vaughan Media, under local marketing agreements to satisfy existing regulations set in place by the Federal Communications Commission.[2][3][4][5] In addition, Nexstar owns one radio station, WGN in Chicago, and operates major TV network the CW through a 75-percent majority stake where all CW affiliates are directly owned-and-operated stations (O&O),[6][7] two terrestrial television networks airing classic shows, Antenna TV and Rewind TV, and has full or partial ownership stakes in three pay television networks (cable news and entertainment network NewsNation and food and cooking networks Food Network and Cooking Channel, the latter two through a 31-percent stake in Television Food Network G.P.).
^"Nexstar Media Group, Inc. (NXST) Ownership Summary". NASDAQ.com. Retrieved September 1, 2019.
^"Virtual Duopolies Coming Under Fire". TV News Check. June 9, 2010. Retrieved May 30, 2012.
^Stelter, Brian (May 28, 2012). "Local TV Stations Cut Costs by Sharing News Operations". The New York Times. ISSN 0362-4331. Retrieved January 29, 2019.
^Malone, Michael (June 6, 2014). "Nexstar Plans Sale of Three Fox Affiliates For $58.5 Million". Broadcasting & Cable. Retrieved March 3, 2018.
^"Fcc Revises Local Television Ownership Rules". Fcc.gov. August 5, 1999. Archived from the original on December 3, 2010. Retrieved March 3, 2018.
^Channick, Robert (September 16, 2019). "Tribune Media sale to Nexstar approved by FCC; WGN-Ch. 9 no longer Chicago's very own". Chicago Tribune. Archived from the original on September 17, 2019. Retrieved September 17, 2019.
^Hayes, Dade (August 15, 2022). "The CW Poised To Get New Corporate Home As Nexstar Confirms Plan For 75% Ownership Stake; Mark Pedowitz To Remain CEO". Deadline. Archived from the original on August 15, 2022. Retrieved August 15, 2022.
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for Rewind TV, a digital subchannel network owned and operated by NexstarMediaGroup, which was launched on September 1, 2021. Stations are listed in...
is an American businessman and media magnate who founded NexstarMedia, one of the largest television and digital media corporations in the United States...
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Hampton Roads area as an affiliate of the Fox network. It is owned by NexstarMediaGroup alongside Portsmouth-licensed NBC affiliate WAVY-TV (channel 10)...
available on cable and satellite providers within the Chicago market. NexstarMediaGroup acquired WGN America as part of its 2019 purchase of most of Tribune's...
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Fairchild Fashion Media (sold August 2014 to Penske Media Corporation) The Times-Picayune/NOLA.com (sold 2019 to Georges MediaGroup) Stations are listed...
Global Information
US$4.5 billion (2020)