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.
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.
Senators blast FCC Chairman Carr’s absence at hearing on free speech
Senate lawmakers sparred over holding the FCC accountable for its chairman's remarks that ignited a controversy over ABC's late-night talk show.
Verizon reaches deal to keep Nexstar channels on Fios TV
Verizon has reached an agreement with Nexstar that keeps its local channels and NewsNation on Fios TV for a few more years.
Colorado lawmakers voice opposition to Nexstar-TEGNA deal
The state lawmakers say the proposed merger would be a disservice to residents of their state.
Nexstar stations could be pulled from Verizon Fios on Friday
Verizon is warning of a possible dispute that could leave its 2.6 million customers without Nexstar-owned channels on Friday.
FIRST TO REPORT
Disney saw modest increase in streaming churn during Kimmel spat
Around four million customers pulled the plug on Hulu and three million ditched their subscription to Disney Plus in September, according to Antenna.
DATA
NewsNation viewership triples with “Cuomo” town hall event
NewsNation's town hall forum with Bill O'Reilly, Chris Cuomo and Stephen A. Smith attracted nearly 800,000 viewers to the cable news channel on Wednesday.
RATINGS
Fifth Circuit upholds Labor Board order against Nexstar
The Fifth Circuit has upheld a decision by the National Labor Relations Board ordering Nexstar to negotiate with a union representing workers in Denver.
Nexstar’s NewsNation, The Hill won’t sign Pentagon press order
The outlets join a growing list of broadcasters and news operations that are rejecting the compromise in order to maintain access to the U.S. military's headquarters.
EXCLUSIVE
FIRST TO REPORT
WGN-TV producer detained by Border Patrol during operation in Chicago
A video producer for WGN-TV was detained by U.S. Border Patrol agents during an enforcement operation in Chicago on Friday.
S&P: Cord-cutting continues to impact TV retransmission fee revenue
Retransmission fees are expected to reach $7.4 billion by 2030, up nearly 2 percent from current rates, according to S&P Global Market Intelligence.
DATA