Nexstar Media Group

Not to be confused with NEXTAR or NetStar Communications, the former name of Bell Media's subsidairy, CTV Specialty Television, Inc..
"Nexstar" redirects here. For the telescope brand, see Celestron. For similarly spelled subjects, see Next Star (disambiguation).

Nexstar Media Group, Inc.
FormerlyNexstar Broadcasting Group, Inc. (1996–2017)
Company typePublic
IndustryMedia (television stations)
Predecessors
FoundedJune 17, 1996; 28 years ago (1996-06-17)
FounderPerry A. Sook
Headquarters
Area served
United States (nationwide)
Key people
ServicesBroadcasting
RevenueIncrease US$4.5 billion (2020)
Increase US$1.375 billion (2020)
Increase US$808.06 million (2020)
Total assetsIncrease US$2.97 billion (2016)
Total equityIncrease US$284.35 million (2016)
Owner
  • John Muse (largest insider shareholder)
  • Public (controlling)
Number of employees
11,086 (2020)
Divisions
  • Nexstar Broadcasting
  • Nexstar Digital
Websitenexstar.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, one FAST streaming channel airing sports programming, SportsGrid, 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.).

  1. ^ "Nexstar Media Group, Inc. (NXST) Ownership Summary". NASDAQ.com. Retrieved September 1, 2019.
  2. ^ "Virtual Duopolies Coming Under Fire". TV News Check. June 9, 2010. Retrieved May 30, 2012.
  3. ^ 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.
  4. ^ Malone, Michael (June 6, 2014). "Nexstar Plans Sale of Three Fox Affiliates For $58.5 Million". Broadcasting & Cable. Retrieved March 3, 2018.
  5. ^ "Fcc Revises Local Television Ownership Rules". Fcc.gov. August 5, 1999. Archived from the original on December 3, 2010. Retrieved March 3, 2018.
  6. ^ 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.
  7. ^ 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.