Nexstar Media Group Inc - Company Profile

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Nexstar Media Group Inc: Overview

Nexstar Media Group Inc (Nexstar) is a television broadcasting and digital media company. It acquires, develops and operates television stations and interactive community websites, and provides digital media services. The company owns, operates, programs or provides sales and other services to television stations. Nexstar's portfolio includes network affiliates such as ABC, NBC, MNTV, CBS, Fox, The CW, and multicast affiliates Telemundo, Bounce TV and others. Through its digital publishing and content management platform, it provides video and social media advertising and other digital media solutions to media publishers, advertisers, agencies and brands. It also retransmits its station signals by cable, satellite, and other multichannel video programming distributors and sell commercial airtime, websites, and other advertising spaces to local and national advertisers. Nexstar is headquartered in Irving, Texas, the US.

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Headquarters United States of America

Address Suite 700, 545 E John Carpenter Freeway, Irving, Texas, 75062


Telephone 1 972 3738800

No of Employees 11,877

Industry Media

Ticker Symbol & Exchange NXST (NASD)

Revenue (2022) $4.9B -5.3% (2022 vs 2021)

EPS XYZ

Net Income (2022) XYZ -64.4% (2022 vs 2021)

Market Cap* $5.4B

Net Profit Margin (2022) XYZ -62.4% (2022 vs 2021)

* As of and is in US$
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Nexstar Media Group Inc premium industry data and analytics

1

ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on Nexstar Media Group Inc’s likely spend across technology areas enabling you to understand the digital strategy.

Products and Services

Services
Acquisition of Television Stations
Development of Television Stations
Operation of Television Stations
XYZ
XYZ
XYZ
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2024 Contracts/Agreements In January, the company entered into a partnership with KAZT-TV to offer programming and other services.
2024 Contracts/Agreements In January, the company and FuboTV entered into a new comprehensive multi-year distribution agreement for covering 89 Nexstar-owned local TV stations affiliated with The CW Network, MyNetworkTV, ABC, and independents, including 37 CW Network affiliates, 25 MyNetworkTV affiliates, 23 ABC affiliates, and four independent television stations.
2024 Contracts/Agreements In January, the company entered into a partnership with Comscore, Inc. offering crucial metrics across its local TV, broadcast, network, and digital businesses.
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Competitor Comparison

Key Parameters Nexstar Media Group Inc Fox Corp News Corp IAC Inc Gray Television 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 New York New York Atlanta
State/Province Texas New York New York New York Georgia
No. of Employees 11,877 10,400 25,000 9,500 9,374
Entity Type Public Public Public Public Public
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Executives
Name Position Board Since Age
Perry A. Sook Chief Executive Officer; Chairman Executive Board 1996 65
Lee Ann Gliha Chief Financial Officer; Executive Vice President Senior Management 2021 48
Michael Bird Chief Operating Officer; President Senior Management 2023 -
Brett E. Jenkins Chief Technology Officer; Executive Vice President Senior Management 2018 52
Gary Weitman Chief Communications Officer; Executive Vice President Senior Management 2019 66
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
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