Nexstar Media Group

Stock market information for Nexstar Media Group Inc (NXST)

• Nexstar Media Group Inc is an equity in the USA market.
• The price is 186.8 USD currently with a change of 2.38 USD (0.01%) from the previous close.
• The latest open price was 185.5 USD and the intraday volume is 540,527.
• The intraday high is 188.15 USD and the intraday low is 181.0 USD.
• The latest trade time is Saturday, August 9, 00:15:00 UTC.

Nexstar Media Group, Inc., headquartered in Irving, Texas, is the largest local broadcast television group in the United States and one of the world's leading diversified media companies.

Founded by Perry A. Sook in 1996, the company has grown from a single station to a national powerhouse, operating over 200 broadcast stations across 116 markets. It reaches more than 70% of U.S. television households.

Portfolio and Operations

Nexstar's portfolio includes top network affiliates, with stations in major markets such as New York City, Los Angeles, and Chicago, as well as smaller markets like San Angelo, Texas.

The company also owns and operates national media properties, including The CW Network, NewsNation, and multicast networks like Antenna TV and Rewind TV. Additionally, Nexstar holds a 31.3% ownership stake in the TV Food Network.

Financial Performance and Employees

In 2024, Nexstar reported net revenues of $5.41 billion, reflecting its strong financial performance.

The company employs over 13,000 individuals across its operations, demonstrating its significant presence in the media industry.

Digital Division and Innovation

Nexstar's digital division offers a comprehensive suite of services, including native advertising, social media management, and video advertising.

Its digital properties rank among the top ten in the U.S. based on online user activity, underscoring the company's commitment to digital innovation.

Acquisition Plans

The company is in advanced negotiations to acquire rival Tegna, a move that would further consolidate its position in the television broadcasting industry.

Commitment to Localism

Nexstar produces over 316,000 hours of news, sports, and entertainment programming annually.

This dedication ensures that communities across the nation receive relevant and timely content.

Locations

Nexstar Media Group maintains offices and operations in several key locations:

• Indianapolis, IN, USA
• Jackson, MS, US
• Irving, Texas (headquarters)

Overall, Nexstar Media Group, Inc. stands as a dominant force in the U.S. media landscape, offering diverse television and digital content that caters to a wide audience while continually expanding its reach and capabilities.