3 Followers USX:NXST - Nexstar Media Group Inc Nexstar Broadcasting Group Inc
Sector: Communication Services, Industry: Movies & Entertainment
Next Earnings: 9 May 2024
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USD 166.56    +2.26 (+1.38%)

3 May 2024


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General

CEO: Mr. Perry A. Sook

IPO: 2003-11-24

Headquarters: US

Employees: 11,877

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Description

Nexstar Media Group Inc is the largest television station owner-operator in the United States with over 200 stations in 116 markets. Of its 200 stations, 155 are affiliated with the four national broadcast networks: CBS, Fox, NBC, and ABC. The 2019 merger with Tribune made Nexstar the top broadcast affiliate for both Fox and CBS as well as the number-two partner for NBC and number three for ABC. The firm has stations in 12 of the top 20 television markets and reaches 68% of us TV households. Nexstar also owns NewsNation (formerly WGN), a nationwide pay-television network, 75% of The CW, and a 31% stake in Food Network and Cooking Channel.

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