Nexstar Media Group Inc
NASDAQ:NXST

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Nexstar Media Group Inc
NASDAQ:NXST
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Price: 159.14 USD -0.49% Market Closed
Market Cap: 4.9B USD
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Nexstar Media Group Inc
Investor Relations

Nexstar Media Group Inc. stands as a formidable force in the media landscape, not by sheer happenstance but through strategic evolution and acquisition. Founded in 1996 by Perry A. Sook, Nexstar began its journey with a single station in Scranton, Pennsylvania. From these humble beginnings, the company embarked on an aggressive path of expansion, acquiring and operating more television stations across the United States. Today, it is the largest television station owner in the country, with a portfolio boasting over 200 stations in nearly 100 markets. Nexstar generates revenue primarily through advertising, both traditional and digital, harnessing its extensive reach to attract advertisers seeking exposure to large and diverse audiences. The company's significant distribution network fortifies its bargaining power, making it a critical partner to national brands and a vital player in local advertising ecosystems.

Beyond broadcasting, Nexstar has ventured into digital media, understanding well the shifting terrain of media consumption. It owns and operates a range of digital platforms, which serve as channels for content distribution, audience engagement, and advertiser connectivity. Its streaming and digital offerings expand its monetization avenues by catering to the growing audiences who prefer content beyond traditional cable or satellite TV. Additionally, retransmission consent fees paid by cable and satellite providers to carry Nexstar's stations form another robust revenue stream, demonstrating its adeptness at capitalizing on every facet of the evolving media market. Through this diversified approach, Nexstar symbolizes a marriage of traditional media strengths with innovative digital foresight, securing its place as a media powerhouse in a rapidly transforming industry.

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Management

Mr. Perry A. Sook
Founder, Chairman & CEO
No Bio Available
Mr. Michael Biard
President & COO
No Bio Available
Mr. Brett E. Jenkins
Executive VP and Chief Technology & Digital Officer
No Bio Available
Mr. Gary Weitman
Executive VP & Chief Communications Officer
No Bio Available
Mr. Todd Braverman
Executive VP & Head of National Sales
No Bio Available
Ms. Lindsey Harmon
Senior VP of Human Relations & Associate General Counsel
No Bio Available
Mr. Jerry Walsh
Senior Vice President of Local Content Development
No Bio Available
Mr. Dione J. Rigsby
Senior Vice President of Technology
No Bio Available
Ms. Theresa Underwood
Senior VP & Regional Manager of Broadcasting
No Bio Available
Mr. Bill Mondora
Washington DC Bureau Chief
No Bio Available

Contacts

Address
TEXAS
Irving
545 E John Carpenter Fwy Ste 700
Contacts
+19723738800.0
www.nexstar.tv