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.
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.
FIRST ON THE DESK
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.
FIRST ON THE DESK
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.
FIRST ON THE DESK
Nexstar activates NextGen TV signals in Cleveland market
The market's CW Network station is serving as the "lighthouse" for other major network affiliates.
NEXTGEN TV
Hearst, Forum to acquire CBS affiliation from some Nexstar stations
The Nexstar-owned CBS affiliate in Albuquerque will soon carry Fox programming; CBS affiliates in at least three other markets will become CW Network-owned stations.
FIRST ON THE DESK
States, DIRECTV accused Nexstar of controlling TEGNA despite injunction
A motion filed on Wednesday says TEGNA's Board of Directors is comprised entirely of Nexstar executives, possibly violating a court's preliminary injunction.
FIRST ON THE DESK
FCC to eliminate broadcast ownership rule in August
FCC Chairman Brendan Carr has already voiced his support for eliminating the broadcast ownership cap, and the measure is certain to pass during the August vote.