Nexstar Media Group Inc - Company Profile
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Nexstar Media Group Inc (Nexstar) is a television broadcasting and digital media company. It is primarily engaged in the production and distribution of local and national news, sports, and entertainment content across television and digital platforms. It owns a large local television broadcasting group, national television properties, and a portfolio of digital assets. Nexstar's television properties include The CW Network, Antenna TV, NewsNation, Rewind TV, and TV Food Network. Its digital assets encompass local TV station websites, The Hill, and NewsNationNow.com. Nexstar's content is used by range of audiences, from local communities to national viewers, across various industries. The company's content is distributed through multiple channels, including cable and satellite providers, streaming platforms, and its own and third-party websites. Nexstar is headquartered in Irving, Texas, the US.
Headquarters
United States of America
Address
545 E John Carpenter Fwy Ste 700, Irving, Texas, 75062-3932
Website
www.nexstar.tv
Telephone
1 972 3738800
No of Employees
11,693
Industry
Media
Ticker Symbol & Exchange
NXST (NASD)
Revenue (2024)
$4.9B
-8.5%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-84.9%
(2024 vs 2023)
Market Cap*
$5.5B
Net Profit Margin (2024)
XYZ
-83.5%
(2024 vs 2023)
* As of and is in US$
Nexstar Media Group Inc premium industry data and analytics
Products and Services
| Services |
|---|
| Advertisement Services |
| Streaming Services |
| Real Estate Assets |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Asset Purchase | In April, CW Network acquired Exclusive Broadcast Rights to WWE NXT Premium Live Events from WWE. |
| 2026 | Acquisitions/Mergers/Takeovers | In March, the company acquired TEGNA Inc, a broadcast, digital media, and marketing services company. |
| 2025 | Contracts/Agreements | In January, the company, Gray Media, The E. W. Scripps Co., and Sinclair, Inc. established a joint venture, EdgeBeam Wireless, LLC to offer robust wireless data services to clients across the US. |
Competitor Comparison
| Key Parameters | Nexstar Media Group Inc | Fox Corp | News Corp | Sinclair Inc | Gray Media Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Irving | New York City | New York | Hunt Valley | Atlanta |
| State/Province | Texas | New York | New York | Maryland | Georgia |
| No. of Employees | 11,693 | 10,400 | 22,300 | 7,100 | 9,165 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Perry A. Sook | Chief Executive Officer; Chairman | Executive Board | 1996 | 67 |
| Lee Ann Gliha | Chief Financial Officer; Executive Vice President | Senior Management | 2021 | 50 |
| Michael Biard | Chief Operating Officer; President | Senior Management | 2023 | 55 |
| Gary Weitman | Executive Vice President; Chief Communications Officer | Senior Management | 2019 | 67 |
| Brett E. Jenkins | Executive Vice President; Chief Technology and Digital Officer | Senior Management | 2018 | 54 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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