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 and Antenna TV. The company shares ownership of the Food Network and Cooking Channel with Discovery Networks. Nexstar is based in Irving, Texas.
VAB: Ads run during TV news influence purchasing decisions
Consumers show strong purchase intent when they are exposed to ad spots aired during local and national TV news programming, according to new VAB survey data.
DATA
Nexstar begins replacing TEGNA board after judge says structure violated injunction
Four of five current or former Nexstar executives appointed to TEGNA's Board of Directors have resigned, and the fifth will do so when a new Board is created, the company said in a court filing this week.
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DIRECTV says Nexstar documents support retransmission consent price-fixing claim
The lawsuit, filed in March 2023, accuses Nexstar, Mission Broadcasting and White Knight Broadcasting of conspiring to raise and fix retransmission consent fees for “Big Four” affiliates.
Nexstar ends use of CBS NewsPath video, probes dropping ABC NewsOne next
Producers at dozens of Nexstar's CBS affiliates are now incorporating NewsNation packages into their local newscasts.
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Judge says Nexstar can’t appoint its executives to TEGNA’s Board of Directors
The order says current and former Nexstar officers, employees, directors, consultants and other affiliated personnel are prohibited from serving on TEGNA’s board.
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Nexstar CEO open to settling antitrust lawsuit over TEGNA merger
During a conference call on Thursday, Nexstar CEO Perry Sook said he is open to a settlement in its ongoing antitrust case over the TEGNA merger.
Nexstar revenue reaches record $2 billion in Q2 boosted by TEGNA acquisition
Nexstar is already seeing financial windfalls from its acquisition of TEGNA, despite an ongoing legal challenge that largely requires them to remain separate operations.
EARNINGS REPORT
FCC vote on ownership cap coincides with broadcast-related financial earnings releases
Several companies with deals pending before or approved by the FCC will release their Q2 earnings on Thursday, the same day as a vote on the broadcast ownership cap.
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FCC reviewing recent affiliation swap announcement, Chairman Carr says
The FCC generally cannot interfere in broadcast-related transactions involving network affiliation deals, but Carr is going to try anyway.
Fox News remains top in cable ratings during July; NewsNation, MS NOW log growth milestones
Fox News Channel led cable news in July, averaging 2.33 million Monday-Sunday primetime viewers and nearly 1.5 million total-day viewers.
RATINGS
NewsNation to host town hall on artificial intelligence
“The Future is Now: A NewsNation Town Hall” will be moderated by Chris Cuomo from the network’s New York studio.
ARTIFICIAL INTELLIGENCE
Former Nexstar news director defends colleague who wrote controversial Pride Month memo
The ex-news director, Ted Linn, said former WOOD-TV News Director Amy Fox was following Nexstar's editorial policies when she penned a controversial memo on Pride Month coverage.
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