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.
Gray Media CEO: Optimistic FCC will approve local TV swaps, acquisitions
Gray Media CEO Hilton Howell, Jr. says the company is optimistic about its own business deals and those involving other broadcasters, saying the regulatory environment is favorable to consolidation.
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Nexstar CEO: TEGNA deal expected to close in late 2026, station sales possible
Nexstar has provided federal and state regulators with proprietary information about its proposed acquisition of TEGNA; it could be required to sell off some stations to close the deal.
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Nexstar posts $83 million profit in 2025, despite lower overall revenue
Nexstar’s Q4 revenue fell on lower political ads, while distribution gains and non-political growth provided some offset.
EARNINGS REPORT
Nexstar lays off workers at KTLA, WPIX amid push for TEGNA merger
Nexstar Media Group has issued layoff notices to around a dozen on-air workers at television stations in the country's two biggest TV markets.
Layoffs hit WGN newsroom as Nexstar lobbies for media consolidation
The company argues consolidation is needed to compete with streaming rivals, but critics cite prior newsroom cuts and market consolidation.
Lawmakers: Nexstar-TEGNA deal will raise cable fees by $135 million
The lawmakers said further consolidation would harm Black and minority communities by shrinking local newsrooms and reducing civic representation.
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FCC’s Gomez says Nexstar-TEGNA deal should get full panel vote
Gomez argued the deal conflicts with the 39 percent national ownership cap and shouldn't be scrutinized only by the Media Bureau.
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Winter Olympic Games pull in strong numbers for NBC affiliates
NBC affiliates across the country are seeing viewership boosts thanks to the network's coverage of the Winter Olympic Games.
Newsmax CEO Chris Ruddy threatens lawsuit over FCC TV ownership cap
Federal lawmakers are the only ones who can eliminate an FCC-imposed ownership cap on local broadcasters, Ruddy asserts.
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FCC broadcast TV ownership cap gets hearing on Capitol Hill
Lawmakers showed mixed views, balancing concerns over consolidation against fears that failing to modernize rules will further weaken local TV news.
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Trump backs Nexstar-TEGNA deal, despite DEI philosophy
Trump’s support for the Nexstar-TEGNA deal comes despite past opposition to DEI initiatives, signaling a pragmatic carve-out.
Senator Cruz plans hearing on FCC broadcast ownership rules
The Senate Commerce Committee will hear testimony on broadcast TV ownership rules from key stakeholders in the industry.