Nexstar’s NewsNation gets its White House moment
Correspondents from the cable news network were called upon at the White House press briefing and invited to question President Trump at public events.
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.
Correspondents from the cable news network were called upon at the White House press briefing and invited to question President Trump at public events.
Attorneys for the broadcast say they’ve engaged in a back-and-forth with Tang’s lawyers on the matter.
In addition to a political advertising windfall, Nexstar said it entered into cable and satellite terms that were favorable to the company, which allowed it to earn more money from its channels.
Nexstar’s stock price took a hit on Friday, one day after the company was ordered by a New York court to pay DirecTV more than $26 million after it overcharged for carriage of a TV station.
The award comes about six months after the court found Nexstar improperly collected TV distribution fees on behalf of a Maryland TV station that lost its NBC affiliation.
Comet, Charge!, TBD and The Nest are now available on leading Nexstar-owned or operated stations in key markets across the country.
Nexstar has appointed industry sales veteran Samantha Osborne Reynolds to oversee the company’s newly-formed political advertising sales unit
Perman previously worked for Fox Sports, NBC Sports, Aggregate Sports and the NBA; he will oversee all aspects of the CW Sports business at Nexstar.
Ric Harris, a former NBC Universal local television executive, has been hired by Nexstar to oversee operations at WGN-TV Chicago.
Stacey Lynn Schulman has left Nexstar Media Group after serving as the broadcaster’s platform marketing and intelligence executive for about a year.
DirecTV is now offering its sports-inclusive package MySports in more markets after reaching an agreement to distribute third party-owned Fox affiliates.
More than a dozen TV stations across four states will offer at least 15 regular-season games from the Rangers this season.