Nexstar Media Group

Comscore and Nexstar Reach Multi-Year Agreement for Linear and Cross-Platform Audience Measurement

Retrieved on: 
Tuesday, January 23, 2024

RESTON, Va., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Comscore, Inc. (NASDAQ: SCOR) today announced that it has reached a comprehensive multi-year agreement with Nexstar Media Group, Inc. (NASDAQ: NXST) (“Nexstar”) on cross-platform audience measurement.

Key Points: 
  • RESTON, Va., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Comscore, Inc. (NASDAQ: SCOR) today announced that it has reached a comprehensive multi-year agreement with Nexstar Media Group, Inc. (NASDAQ: NXST) (“Nexstar”) on cross-platform audience measurement.
  • Under the terms of the agreement, Comscore will become a key measurement partner for Nexstar, providing it with critical measurement metrics across Nexstar’s local TV, broadcast, network, and digital businesses.
  • Comscore has provided local market measurement to Nexstar since 2010, but with continued evolution and innovation in its suite of insights and planning solutions across digital, social, CTV, and linear TV, Nexstar now sees unique opportunities to move Comscore into a leading currency provider position.
  • Comscore, a leading provider of currency-grade television measurement for local TV, provides measurement across all 210 local Comscore Markets.

Nexstar Media Names Bill Dallman as Vice President and General Manager of Its Broadcast and Digital Operations in Grand Junction, Colorado

Retrieved on: 
Monday, January 29, 2024

Nexstar Media Group, Inc. (Nasdaq: NXST), today announced the appointment of Bill Dallman as Vice President and General Manager of its broadcasting and digital operations serving Grand Junction and Montrose, CO (DMA #187), including KREX-TV (CBS), KGJT-TV (My Network), westernslopenow.com, and their related digital and social media channels.

Key Points: 
  • Nexstar Media Group, Inc. (Nasdaq: NXST), today announced the appointment of Bill Dallman as Vice President and General Manager of its broadcasting and digital operations serving Grand Junction and Montrose, CO (DMA #187), including KREX-TV (CBS), KGJT-TV (My Network), westernslopenow.com, and their related digital and social media channels.
  • Mr. Dallman will also oversee the Company’s operational agreements with Mission Broadcasting, Inc., to provide services to KFQX-TV (FOX) in Grand Junction.
  • Mr. Dallman will report to Traci Wilkinson, Senior Vice President and Regional Manager for Nexstar’s broadcasting division, and begin his new duties on Monday, February 12.
  • Prior to joining Nexstar, Mr. Dallman served as President and General Manager of KARE 11 (NBC) in Minneapolis/St.

Nexstar Media Group Raises Quarterly Cash Dividend by 25% to $1.69 Per Share

Retrieved on: 
Friday, January 26, 2024

Nexstar Media Group, Inc. (Nasdaq: NXST) announced today that its Board of Directors approved a 25% increase to its quarterly cash dividend to $1.69 per share beginning with the dividend declared for the first quarter of 2024.

Key Points: 
  • Nexstar Media Group, Inc. (Nasdaq: NXST) announced today that its Board of Directors approved a 25% increase to its quarterly cash dividend to $1.69 per share beginning with the dividend declared for the first quarter of 2024.
  • The dividend is payable on Friday, February 23, 2024, to shareholders of record on Friday, February 9, 2024.
  • Perry Sook, Nexstar Media Group’s Founder, Chairman and Chief Executive Officer stated, “Nexstar’s strong free cash flow generation continues to support our long-standing commitment to delivering increased returns to our shareholders.
  • The eleventh consecutive annual increase in our cash dividend, combined with our opportunistic share repurchase activity, reflects our continued confidence in Nexstar’s business model, competitive positioning and growth opportunities.”
    While the Company intends to pay regular quarterly cash dividends for the foreseeable future, all subsequent dividends will be reviewed quarterly and declared by the Board of Directors at its discretion.

The CW Network Appoints Erin McIlvain as Senior Vice President of Affiliate Distribution and Marketing

Retrieved on: 
Wednesday, January 17, 2024

The CW Network, LLC (“The CW” “The CW Network”) today announced the appointment of Erin McIlvain as Senior Vice President of Affiliate Distribution and Marketing, responsible for managing the network’s distribution and overseeing affiliate relations with its station group partners.

Key Points: 
  • The CW Network, LLC (“The CW” “The CW Network”) today announced the appointment of Erin McIlvain as Senior Vice President of Affiliate Distribution and Marketing, responsible for managing the network’s distribution and overseeing affiliate relations with its station group partners.
  • Ms. McIlvain will begin her new duties immediately and report to Dana Zimmer, President and Chief Distribution and Strategy Officer for Nexstar Media Group, Inc. (“Nexstar”)(Nasdaq: NXST), and Dennis Miller, President of The CW Network.
  • She was one of the founding officers of the company and was responsible for overseeing distribution, government relations, marketing and operations.
  • “Erin is a strategic thinker with tremendous experience in the multi-channel distribution business and affiliate relations,” said Ms. Zimmer.

Nexstar Media Group to Report 2023 Fourth Quarter and Full Year Financial Results, Host Conference Call and Webcast on February 28

Retrieved on: 
Monday, January 8, 2024

Nexstar Media Group, Inc. (NASDAQ: NXST) announced today that it will report its 2023 fourth quarter and full year financial results on Wednesday, February 28, 2024.

Key Points: 
  • Nexstar Media Group, Inc. (NASDAQ: NXST) announced today that it will report its 2023 fourth quarter and full year financial results on Wednesday, February 28, 2024.
  • The Company will host a conference call and webcast at 10:00 a.m.
  • To access the conference call, interested parties may dial +1 877-407-9208 or +1 201-493-6784, conference ID 13743674 (domestic and international callers).
  • Participants can also listen to a live webcast of the call through the “Events and Presentations” section under “Investor Relations” on Nexstar’s website at www.nexstar.tv .

Nexstar Media Enters Into Time Brokerage Agreement With KAZT-TV in Phoenix, Arizona

Retrieved on: 
Monday, January 8, 2024

Nexstar Media Group, Inc. (NASDAQ: NXST) today announced that it has entered into a multi-year time brokerage agreement with KAZT-TV in Phoenix, Arizona, the nation’s 11th largest television market.

Key Points: 
  • Nexstar Media Group, Inc. (NASDAQ: NXST) today announced that it has entered into a multi-year time brokerage agreement with KAZT-TV in Phoenix, Arizona, the nation’s 11th largest television market.
  • Under terms of the agreement, Nexstar will provide KAZT-TV with programming and other services to strengthen the station’s relationship with the local community, including management of its sales, promotion, marketing, and technical operations.
  • “We’re pleased to enter into this agreement with KAZT-TV, especially since Arizona will once again be a battleground state in this year’s Presidential election,” said Andrew Alford, President of Nexstar’s broadcasting division.
  • “We’re looking forward to helping KAZT-TV expand its service to Phoenix-area viewers and forge an even deeper connection to the community.

Nexstar Media Reaches Multi-Year Distribution Agreement With Fubo

Retrieved on: 
Wednesday, January 3, 2024

Nexstar Media Group, Inc. (NASDAQ: NXST), and FuboTV Inc. (d/b/a Fubo) (NYSE: FUBO), today announced that they have reached a new comprehensive multi-year distribution agreement covering 89 Nexstar-owned local TV stations affiliated with The CW Network, MyNetworkTV, ABC, and independents, including 37 CW Network affiliates, 25 MyNetworkTV affiliates, 23 ABC affiliates, and four independent television stations.

Key Points: 
  • Nexstar Media Group, Inc. (NASDAQ: NXST), and FuboTV Inc. (d/b/a Fubo) (NYSE: FUBO), today announced that they have reached a new comprehensive multi-year distribution agreement covering 89 Nexstar-owned local TV stations affiliated with The CW Network, MyNetworkTV, ABC, and independents, including 37 CW Network affiliates, 25 MyNetworkTV affiliates, 23 ABC affiliates, and four independent television stations.
  • The agreement also extends Fubo’s carriage of Nexstar’s national cable news network, NewsNation.
  • Financial terms were not disclosed.

Nexstar Media Group Extends Employment Agreement With Lee Ann Gliha, Executive Vice President and Chief Financial Officer

Retrieved on: 
Wednesday, December 20, 2023

Nexstar Media Group, Inc. (Nasdaq: NXST) today announced that it has entered into a multi-year extension of its employment agreement with Executive Vice President and Chief Financial Officer, Lee Ann Gliha.

Key Points: 
  • Nexstar Media Group, Inc. (Nasdaq: NXST) today announced that it has entered into a multi-year extension of its employment agreement with Executive Vice President and Chief Financial Officer, Lee Ann Gliha.
  • Ms. Gliha will continue reporting to Nexstar’s Chairman and Chief Executive Officer, Perry Sook.
  • “Lee Ann has had a positive impact on Nexstar since the day she started two-plus years ago,” said Mr. Sook.
  • Lee Ann is a valued member of the executive team, a trusted advisor to me and Nexstar’s Board of Directors, and we are very pleased to be extending her contract.”

Nexstar Television Stations in Grand Rapids, Sioux Falls, and Panama City to Begin Carrying CW Network Programming on January 1

Retrieved on: 
Monday, December 18, 2023

Nexstar Media Group, Inc. (NASDAQ: NXST), today announced that beginning January 1, 2024, its television stations in Grand Rapids, Michigan, Sioux Falls, South Dakota, and Panama City, Florida, will begin carrying the primetime entertainment and live sports programming of The CW Network on one of their related digital subchannels.

Key Points: 
  • Nexstar Media Group, Inc. (NASDAQ: NXST), today announced that beginning January 1, 2024, its television stations in Grand Rapids, Michigan, Sioux Falls, South Dakota, and Panama City, Florida, will begin carrying the primetime entertainment and live sports programming of The CW Network on one of their related digital subchannels.
  • “The addition of CW programming to these Nexstar-owned stations will bring the number of Nexstar and partner-owned CW affiliates to 45, covering more than 39% of U.S. TV Households,” said Andrew Alford, President of Nexstar’s broadcasting division.
  • The fully ad-supported CW App, with more than 96 million downloads to date, is available for free to consumers on all major digital platforms.
  • “These stations are great additions to the CW family,” said Dennis Miller, President of The CW Network.

Mission Broadcasting and Nexstar Media Group Launch NextGen TV on WPIX-TV in New York City

Retrieved on: 
Thursday, December 14, 2023

Mission Broadcasting, Inc. (“Mission”), and Nexstar Media Group, Inc. (Nasdaq: NXST) (“Nexstar”), today announced the launch of NextGen TV on WPIX-TV in New York City, the #1 television market in the country.

Key Points: 
  • Mission Broadcasting, Inc. (“Mission”), and Nexstar Media Group, Inc. (Nasdaq: NXST) (“Nexstar”), today announced the launch of NextGen TV on WPIX-TV in New York City, the #1 television market in the country.
  • Mission owns WPIX-TV and Nexstar provides services to the station; the two companies worked together on today’s launch.
  • The New York launch marks the 51st Nexstar-owned or partner market to begin broadcasting with ATSC 3.0.
  • More than 58 million U.S. television households now receive a NextGen TV signal from a Nexstar-owned or partner station.