Nexster

Nexstar Media Group, Inc. is an American publicly traded media company with headquarter offices in Irving, Texas, New York City, 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 affiliates with the four "major" U.S. television networks, The CW, and MyNetworkTV. It also operates all of the stations owned by affiliated companies, such as Mission Broadcasting and Vaughan Media, under local marketing agreements,[2][3] and operates two terrestrial television networks airing classic shows, Antenna TV and Rewind TV, and has full or partial ownership stake 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% stake in Television Food Network G.P.).

Nexstar Media Group, Inc.FormerlyNexstar Broadcasting Group, Inc. (1996–2017)TypePublic

Traded as

Nasdaq: NXST (Class A)Russell 1000 component

IndustryMediaPredecessorsQuorum Broadcasting Newport Television Grant Broadcasting Communications Corporation of America Media General West Virginia Media Holdings Tribune Broadcasting Tribune MediaFoundedJune 17, 1996; 25 years agoFounderPerry A. SookHeadquarters

Irving, Texas

,

U.S.

Area served

United States (nationwide)

Key people

Perry A. Sook (Chairman & CEO) Tom Carter (President & COO) Lee Ann Gliha (CFO)ServicesBroadcastingRevenue 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)OwnerJohn Muse (largest insider shareholder) Public (controlling)

Number of employees

11,086 (2020)DivisionsNexstar Broadcasting Nexstar DigitalWebsitenexstar.tvFootnotes / references [1]

Contents

HistoryEdit