Nexstar Media Group
Nexstar Media Group ($NXST) is one of the biggest operators of local broadcast television stations in the United States. In addition to more than 160 local stations, Nexstar Media Group operates NewsNation (formerly WGN America), LIN Digital, Zap2It, Antenna TV and TEGNA, the latter of which is an independently-operated subsidiary business. The company shares ownership of the Food Network and Cooking Channel with Discovery Networks. Nexstar is based in Irving, Texas.
Nexstar CEO to Wall Street: Political ad windfall isn’t a fluke
Nexstar CEO Perry Sook expects political ad spending to remain elevated through the 2028 presidential election cycle, unless campaign finance laws change.
Kinetiq: Republicans outspent Democrats in 2026 midterm advertising
Republicans spent $2.95 billion on general-election advertising tracked by Kinetiq, compared with $2.59 billion for Democrats.
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DATA
TEGNA acquisition, political advertising boost Nexstar earnings in Q3
The company said a hold-separate order issued by a court in April over its merger with TEGNA prevented it from executing cost-savings moves.
EARNINGS REPORT
TEGNA expands Tom Cury’s role to oversee KVUE, KENS
Cury succeeds Byron Wilkinson, who was recently promoted to a regional ad sales executive role for TEGNA's Texas and Mid-South stations.
EXECUTIVE MOVES
Former WPIX producer sues Nexstar over alleged discrimination
The worker, Paris Carter, alleges she was forced to resign from the station after being wrongfully demoted and subjected to racial and gender discrimination.
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DIRECTV accuses Nexstar of withholding evidence in antitrust case
The TV provider accuses Nexstar of improperly using attorney-client privilege to withhold evidence of communications during retransmission consent negotiations.
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Judge approves procedural delays in Nexstar-TEGNA merger challenge
On Friday, a federal judge said all sides involved in the antitrust case will have more time to exchange discovery evidence and prepare and submit expert reports.
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Texas high school football championships to air on Nexstar stations
The University Interscholastic League championships will take place December 16-19 at AT&T Stadium in Arlington, Texas.
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Nexstar to pay $80,500 to settle FCC probe over rules violations
In an agreement reached with the FCC this week, Nexstar will be allowed to make a "voluntary" payment of $80,500 to settle violations of federal public disclosure rules.
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TEGNA appoints Mellynda Hartel to lead three Florida television stations
Hartel will oversee TEGNA's TV stations in two large Florida markets: Jacksonville and Tampa. She previously served as the GM of Fox-owned stations in San Francisco.
EXECUTIVE MOVES
Former TEGNA CEO Michael Steib takes top job at Angi
The former top boss at local television broadcaster TEGNA has traded media for digital home services.
EXECUTIVE MOVES
Ex-TEGNA exec Adrienne Roark joins media tech firm Genna
Genna develops artificial intelligence tools that help news organizations convert reporting into video programming.
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