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.
Ashleigh Banfield to end NewsNation show, will remain at network
Ashleigh Banfield is ending her true crime-themed news program at Nexstar Media Group and will transition into a full-time digital content role with the cable news outlet.
Nexstar to discuss TEGNA merger with DOJ, CEO confirms
"We wouldn’t be contemplating this transaction if he weren’t in the White House," Sook said, referencing President Trump.
FIRST ON THE DESK
FCC seeks public comment on Nexstar-TEGNA merger
The FCC has started a pleading cycle that seeks public comment on Nexstar Media Group's $6 billion acquisition of peer broadcaster TEGNA.
ATVA: FCC lacks authority to eliminate national ownership cap
The American Television Alliance says the FCC lacks the authority to lift or eliminate the broadcast TV ownership cap because certain rules were codified by Congress in 2004.
Broadcast TV stocks dip after Trump opines about ownership rules
President Trump appeared to side against reforming broadcast ownership rules in a post on Truth Social on Sunday.
Nexstar readies FCC applications to acquire TEGNA stations
Nexstar CEO Perry Sook reiterated that broadcast TV consolidation needs to happen to effectively compete against streaming platforms.
TEGNA shareholders approve proposed Nexstar acquisition
Shareholders of TEGNA have signaled their approval of a proposed merger involving Nexstar Media Group, the companies announced on Tuesday.
Ex-Nexstar news director’s lawsuit heads to settlement conference
The former employee, Stanton Tang, was fired for orchestrating a newsroom-wide memo about a TV station's Pride Month coverage.
EXCLUSIVE
TEGNA reports lower distribution, ad revenue during Q3
Overall revenue was depressed by a predictable drop in political advertising spend against TEGNA-owned local TV stations during Q3.
EARNINGS REPORT
Nexstar CEO: Still optimistic about TEGNA deal, NextGen TV push
Nexstar CEO Perry Sook said the regulatory environment favors mass-media consolidation and the launch of NextGen TV as the new digital broadcast standard.
Nexstar grabs $1.2 billion during Q3, advertising revenue drops
Nexstar saw its overall revenue dip more than 12 percent during the third financial quarter of the year.
EARNINGS REPORT
Nexstar renews employment contract of founder, CEO Perry Sook
Sook's core annual salary is $3 million, with another $5 million in discretionary, performance-based bonuses.