Nexstar Media Group

Nexstar Television Stations in Philadelphia, San Francisco, and Tampa to Become Affiliated With The CW Network on September 1

Retrieved on: 
Wednesday, June 14, 2023
Mobile, Wireless, Entertainment, Social Media, Apps, Applications, Technology, General Entertainment, Other Entertainment, TV and Radio, Marketing, Audio, Video, Advertising, Communications, NFL, Media Group, CW, WTTA, The CW, WPHL-TV, Golf, DMA, Nexstar, LIV Golf, NXST, Sport, Nexstar Media Group, KRON-TV, Television

Nexstar Media Group, Inc. (NASDAQ: NXST), today announced that its owned and operated television stations in three of the nation’s top-15 television markets, including WPHL-TV in Philadelphia (DMA #4), KRON-TV in San Francisco (DMA #10), and WTTA-TV in Tampa (DMA #13), will become affiliates of The CW Network on September 1, 2023.

Key Points: 
  • Nexstar Media Group, Inc. (NASDAQ: NXST), today announced that its owned and operated television stations in three of the nation’s top-15 television markets, including WPHL-TV in Philadelphia (DMA #4), KRON-TV in San Francisco (DMA #10), and WTTA-TV in Tampa (DMA #13), will become affiliates of The CW Network on September 1, 2023.
  • All three stations will begin carrying the network’s primetime entertainment, live sports, and special event programming at that time.
  • The fully ad-supported CW App, with more than 95 million downloads to date, is available for free to consumers on all major digital platforms.
  • Dennis Miller, President of The CW Network, commented, “These stations in Philadelphia, San Francisco, and Tampa have deep relationships with their viewers, advertisers, and the communities they serve; they are a great addition to the CW family and will help us better shape the future of the network.”

Nexstar Promotes Carter Murphy to Vice President and General Manager of Its Broadcasting and Digital Operations Serving Augusta, Georgia and Aiken, South Carolina

Retrieved on: 
Friday, June 9, 2023
Apps, Applications, Technology, Mobile, Wireless, Entertainment, Communications, Media, TV and Radio, Internet, Social Media, Media Group, Senior, College, WJBF-TV, Marketing, Ronald, McDonald House, Ronald McDonald House Charities, History, High school football, Via, DMA, Nexstar, Retirement, National Exchange Club, NXST, WJBF, Nexstar Media Group, Television

Nexstar Media Group, Inc. (NASDAQ: NXST) today announced the promotion of Carter Murphy to Vice President and General Manager of its broadcast and digital operations serving Augusta, Georgia, and Aiken, South Carolina (DMA #110), including WJBF-TV and wjbf.com, and their related mobile apps and social media channels.

Key Points: 
  • Nexstar Media Group, Inc. (NASDAQ: NXST) today announced the promotion of Carter Murphy to Vice President and General Manager of its broadcast and digital operations serving Augusta, Georgia, and Aiken, South Carolina (DMA #110), including WJBF-TV and wjbf.com, and their related mobile apps and social media channels.
  • He is taking over for Bill Stewart, who is retiring after serving as WJBF-TV’s Vice President and General Manager since 2007.
  • Mr. Murphy, who has 25 years of experience in the market, will begin his new duties on July 3 and report to Ron Romines, Senior Vice President and Regional Manager for Nexstar.
  • He served as Local Sales Manager at the station from 2007 to 2021, when he was promoted to General Sales Manager.

23 Nexstar Media Inc. Television Stations Win 36 Regional Edward R. Murrow Awards for Outstanding Journalism and Exceptional Locally Produced News Programming

Retrieved on: 
Wednesday, May 24, 2023
Media, TV and Radio, Communications, Entertainment, FOX, Mission Broadcasting, WPRI, RTDNA, WPRI-TV, Edward R. Murrow Award (Radio Television Digital News Association), WRIC-TV, KXAN-TV, Equity, CBS, NBC, DMA, Nexstar, Nexstar Media Group, ABC, Sport, Inclusion, SVP, WJZY-TV, News, HornAfrik Media Inc, Local Content Law (Ghana) 2013, Television, Music, Broadcasting, Innovation

Nexstar Media Inc., a wholly-owned subsidiary of Nexstar Media Group, Inc. (Nasdaq: NXST), announced today that 23 of its television stations have earned a total of 36 regional Edward R. Murrow Awards from the Radio Television Digital News Association (RTDNA).

Key Points: 
  • Nexstar Media Inc., a wholly-owned subsidiary of Nexstar Media Group, Inc. (Nasdaq: NXST), announced today that 23 of its television stations have earned a total of 36 regional Edward R. Murrow Awards from the Radio Television Digital News Association (RTDNA).
  • Seven Nexstar stations received multiple awards.
  • WRIC-TV (ABC) in Richmond, VA (DMA #56), and WPRI-TV each won the award for “Overall Excellence” in their region.
  • In addition, three television stations owned by Mission Broadcasting, Inc., for whom Nexstar produces the news, received a total of four Murrow awards.

Nexstar Media Group Reports Record First Quarter Net Revenue of $1.26 Billion

Retrieved on: 
Tuesday, May 9, 2023
TV and Radio, Technology, Other Consumer, Public Relations, Investor Relations, Marketing, General Entertainment, Advertising, Entertainment, Communications, Audio, Video, Consumer, Mission Broadcasting, Partnership, Nextgen, CW, International, Digital, Olympic Games, Food Network, The CW, MyNetworkTV, ATSC 3.0, Golf, Woman, OTT, CBS, MVPD, Nexstar, LIV Golf, EBITDA, Acquisition, NewsNation, Nexstar Media Group, Transaction, Growth, Consolidated, YouTube TV, ATSC, Adjustment, News, Food, Television, Bookkeeping, Renewable energy, Holding company, Video game, Security (finance), Beauty salon

Beginning in the fourth quarter of 2022, Nexstar defined Adjusted EBITDA and Free Cash Flow as metrics excluding transaction and one-time expenses.

Key Points: 
  • Beginning in the fourth quarter of 2022, Nexstar defined Adjusted EBITDA and Free Cash Flow as metrics excluding transaction and one-time expenses.
  • Perry A. Sook, Chairman and Chief Executive Officer of Nexstar Media Group, Inc. commented, “Nexstar’s first quarter financial results once again outperformed consensus expectations across all key financial metrics including net revenue, Adjusted EBITDA and attributable free cash flow.
  • Record first quarter net revenue of $1.26 billion increased 3.9% from the prior year quarter.
  • ‒ 66% of Nexstar’s first quarter net revenue was generated by distribution, digital and other revenue sources.

Nexstar Media Group to Participate in Upcoming May Investor Conferences

Retrieved on: 
Monday, May 8, 2023
Marketing, Advertising, Entertainment, Communications, Technology, TV and Radio, Audio, Video, Global Communications Conference, Media Group, JPMorgan Chase, SVB, Conference, NXST, Nexstar Media Group, Cryptocurrency

Nexstar Media Group, Inc. (NASDAQ: NXST) today announced that senior management will be participating in the following investor conferences in May 2023:

Key Points: 
  • Nexstar Media Group, Inc. (NASDAQ: NXST) today announced that senior management will be participating in the following investor conferences in May 2023:
    JPMorgan 51st Annual Global Technology, Media and Communications Conference
    A live webcast of each fireside chat will be available through the “Events and Presentations” section under “Investor Relations” on Nexstar’s website at www.nexstar.tv .
  • Replays of the webcasts will be available on the Company’s website for 30 days.
  • Please contact your SVB MoffettNathanson or JPMorgan sales representative to register for the conferences.

Nexstar Media Group to Expand Leading Local News Presence in San Diego With Acquisition of KUSI-TV For $35 Million

Retrieved on: 
Monday, May 8, 2023
Marketing, Advertising, Entertainment, Communications, TV and Radio, General Entertainment, Media, FOX, Media Group, The CW, KUSI-TV, Channel, Organization, McKinnon Broadcasting, Acquisition, Channel 51 virtual TV stations in the United States, Sport, KSWB-TV, Weather, News, Nexstar Media Group, Television

Nexstar Media Group, Inc. (Nasdaq: NXST), today announced that it agreed to acquire the assets of KUSI-TV in San Diego from McKinnon Broadcasting Company and Channel 51 of San Diego for $35 million plus a customary working capital adjustment.

Key Points: 
  • Nexstar Media Group, Inc. (Nasdaq: NXST), today announced that it agreed to acquire the assets of KUSI-TV in San Diego from McKinnon Broadcasting Company and Channel 51 of San Diego for $35 million plus a customary working capital adjustment.
  • KUSI-TV is an independent television station, broadcasting more than nine hours of local news each weekday and nearly 60 hours of local news every week.
  • The planned acquisition of KUSI-TV strengthens Nexstar’s local television broadcasting, news, and digital media platforms in San Diego, while presenting numerous opportunities for operating efficiencies.
  • “KUSI-TV’s established local news operations serving viewers and advertisers across the San Diego community is a perfect fit with our station group and existing San Diego operations at KSWB-TV,” said Tom Carter, Nexstar’s President and Chief Operating Officer.

Nexstar Reaches Multi-Year Agreement With Hulu

Retrieved on: 
Monday, May 1, 2023
Other Consumer, Technology, Entertainment, Marketing, Advertising, Communications, Audio, Video, General Entertainment, TV and Radio, Consumer, MyNetworkTV, Hulu, Media Group, NewsNation, News, Nexstar Media Group, Television

Nexstar Media Group, Inc. (Nasdaq: NXST) (“Nexstar”) today announced that it has reached a comprehensive multi-year distribution agreement with Hulu.

Key Points: 
  • Nexstar Media Group, Inc. (Nasdaq: NXST) (“Nexstar”) today announced that it has reached a comprehensive multi-year distribution agreement with Hulu.
  • The deal covers 122 of the company’s local television stations, including the launch of the company’s MyNetworkTV affiliates and independent stations, and the continued carriage of its cable news network, NewsNation, on Hulu + Live TV.
  • Financial terms of the agreement were not released.

Nexstar Media Group Declares Quarterly Cash Dividend of $1.35 Per Share

Retrieved on: 
Friday, April 28, 2023
Other Consumer, Technology, Entertainment, Marketing, Advertising, Communications, Audio, Video, General Entertainment, TV and Radio, Consumer, Media Group, NXST, Nexstar Media Group, Holding company

Nexstar Media Group, Inc. (NASDAQ: NXST) announced today that its Board of Directors declared a quarterly cash dividend of $1.35 per share of its common stock.

Key Points: 
  • Nexstar Media Group, Inc. (NASDAQ: NXST) announced today that its Board of Directors declared a quarterly cash dividend of $1.35 per share of its common stock.
  • The dividend is payable on Friday, May 26, 2023, to shareholders of record on Friday, May 12, 2023.
  • 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.

Nexstar Media Group to Report 2023 First Quarter Results, Host Conference Call and Webcast on May 9

Retrieved on: 
Monday, April 10, 2023
Media, Entertainment, Technology, General Entertainment, Other Communications, Digital Marketing, TV and Radio, Marketing, Audio, Video, Advertising, Communications, Content Marketing, Webcast, Media Group, NXST, Nexstar Media Group

Nexstar Media Group, Inc. (NASDAQ: NXST) announced today that it will report its 2023 first quarter financial results on Tuesday, May 9, 2023.

Key Points: 
  • Nexstar Media Group, Inc. (NASDAQ: NXST) announced today that it will report its 2023 first quarter financial results on Tuesday, May 9, 2023.
  • 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 13737773 (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 .

Springcoast Capital Partners Launches Operating Partner Program to Advance Portfolio Company Collaboration

Retrieved on: 
Wednesday, April 5, 2023
Hardware, Electronic Design Automation, Semiconductor, Security, Data Management, Satellite, Technology, Nanotechnology, Other Technology, Telecommunications, Software, Networks, VoIP, Internet, Mobile, Wireless, Operating partner, Software as a service, Sun Capital Partners, Marketing, Partner, Chief commercial officer, BigCommerce, Linux Foundation, Poly Inc., Acronis, BIGC, Match.com, The Co Founder, Linux, Nexstar Media Group, CFO, DataStax, Proofpoint, Asset management, Management, Atlassian

Springcoast Capital Partners, L.P., (“Springcoast” or the “Firm”), a growth equity firm focused on providing flexible capital to market leading software and technology-enabled companies, today announced the launch of its Operating Partner program with the appointments of Russell Klein, Lisbeth McNabb, Jose Morales and Tracey Newell as Operating Partners.

Key Points: 
  • Springcoast Capital Partners, L.P., (“Springcoast” or the “Firm”), a growth equity firm focused on providing flexible capital to market leading software and technology-enabled companies, today announced the launch of its Operating Partner program with the appointments of Russell Klein, Lisbeth McNabb, Jose Morales and Tracey Newell as Operating Partners.
  • Springcoast’s Operating Partners will work collaboratively with the Firm’s investment teams and portfolio company management to execute on repeatable growth and value creation initiatives.
  • “We welcome Russ, Lisbeth, Jose and Tracey to our team,” said Springcoast Managing Partner Holger Staude.
  • Ms. McNabb is the former Chief Financial Officer (“CFO”) and Chief Operating Officer of the Linux Foundation, an open-source technology consortium.