Nexstar | Jotup

Nexstar Media Group Enters Into Multi-Year Employment Agreement Extension With Chief Communications Officer Gary Weitman

Retrieved on:

Thursday, August 10, 2023

Entertainment, Communications, Other Entertainment, TV and Radio, Other Communications, Media, The CW, Nexstar, Growth, Communication, Tribune Media, Employment, Media Group, Acquisition, Hill, NewsNation, NXST, Nexstar Media Group

Nexstar Media Group, Inc. (NASDAQ: NXST) today announced that it has extended the employment agreement of Gary Weitman, the company’s Executive Vice President and Chief Communications Officer.

Key Points:

Nexstar Media Group, Inc. (NASDAQ: NXST) today announced that it has extended the employment agreement of Gary Weitman, the company’s Executive Vice President and Chief Communications Officer.
Mr. Weitman will continue reporting to Perry Sook, Nexstar’s Founder, Chairman and Chief Executive Officer.
“We are extremely pleased to be extending Gary’s employment agreement with Nexstar,” said Mr. Sook.
We are fortunate to have him at Nexstar and thrilled to be extending his employment agreement.”
Mr. Weitman joined Nexstar following its acquisition of Tribune Media Company and has been in the strategic communications field for nearly 30 years.

Nexstar Media Names Jon Camera as Senior Vice President of National Sales Division

Retrieved on:

Wednesday, August 9, 2023

Nexstar Media Group, Inc. (NASDAQ: NXST), today announced the appointment of Jon Camera as Senior Vice President of its national advertising sales division, responsible for overseeing and guiding the efforts of the company’s newly created national sales team, with offices in markets across the country, including New York, Chicago, Los Angeles, Dallas, Atlanta, and Detroit.

Key Points:

Nexstar Media Group, Inc. (NASDAQ: NXST), today announced the appointment of Jon Camera as Senior Vice President of its national advertising sales division, responsible for overseeing and guiding the efforts of the company’s newly created national sales team, with offices in markets across the country, including New York, Chicago, Los Angeles, Dallas, Atlanta, and Detroit.
Camera will begin his new duties immediately and report to Todd Braverman, Executive Vice President and Head of National Sales.
“Jon is a great sales leader and the perfect fit for Nexstar’s newly created national sales team,” said Mr. Braverman.
Camera held a variety of leadership positions of increasing responsibility in media sales for such companies as CBS Television, NBC Television, and ABC Television.

Nexstar Media Group Reports Second Quarter Net Revenue of $1.24 Billion

Retrieved on:

Tuesday, August 8, 2023

Perry A. Sook, Chairman and Chief Executive Officer of Nexstar Media Group, Inc. commented, “Nexstar again outperformed consensus expectations in the second quarter across all key financial metrics including net revenue, Adjusted EBITDA and Attributable Free Cash Flow.

Key Points:

Perry A. Sook, Chairman and Chief Executive Officer of Nexstar Media Group, Inc. commented, “Nexstar again outperformed consensus expectations in the second quarter across all key financial metrics including net revenue, Adjusted EBITDA and Attributable Free Cash Flow.
− 67% of Nexstar’s second quarter net revenue was generated by distribution, digital and other revenue sources.
Second quarter political advertising revenue of approximately $9 million compared to $87 million in the prior year.
On a consolidated basis, second quarter Adjusted EBITDA was $331 million, representing a 26.7% margin, and second quarter attributable free cash flow was $100 million.

The CW Network Extends Contract of Dennis Miller as President

Retrieved on:

Monday, August 7, 2023

The CW Network today announced that it has extended the contract of Dennis Miller as President, which will now run through 2027.

Key Points:

The CW Network today announced that it has extended the contract of Dennis Miller as President, which will now run through 2027.
Mr. Miller joined the network as President in October 2022, following its acquisition by Nexstar Media Group, Inc. (NASDAQ: NXST).
By 2025, the network will be carrying more than 400 hours of sports programming over 48 weekends.
“Dennis has done an outstanding job since taking leadership of The CW,” said Perry Sook, Nexstar’s Chairman and Chief Executive Officer.

Nexstar Media Group Seeks Next-Generation Audience Measurement Partner

Retrieved on:

Monday, July 31, 2023

Advertising, Entertainment, Communications, Apps, Applications, Technology, TV and Radio, Audio, Video, Request for proposal, RFP, Nexstar, Media Group, Collection, NXST, Nexstar Media Group, Television

Nexstar Media Group, Inc. (NASDAQ: NXST), today announced that it has issued an open Request for Proposals seeking a next-generation audience measurement partner capable of providing data that accurately reflects the scale and power of the company’s national and local media businesses.

Key Points:

Nexstar Media Group, Inc. (NASDAQ: NXST), today announced that it has issued an open Request for Proposals seeking a next-generation audience measurement partner capable of providing data that accurately reflects the scale and power of the company’s national and local media businesses.
As one of the country’s largest omnichannel media companies, with a newly reimagined ad sales group, Nexstar believes media measurement must innovate in new ways, with innovative new products and cutting-edge technology that better serve the needs of advertisers, publishers, and consumers.
“We believe current methods of audience measurement inadequately reflect our national reach and the effectiveness of the local activation we deliver to advertisers and marketers.
The company has also been actively engaging with new measurement partners, working earlier this year with VideoAmp and iSpot to deliver linear and streaming audience data generated across its media platforms.

The NASCAR Xfinity Series Will Have an Exclusive New Home on The CW Network

Retrieved on:

Friday, July 28, 2023

The CW Network will become the exclusive home to the NASCAR Xfinity Series beginning in 2025 and extending through the 2031 racing season.

Key Points:

The CW Network will become the exclusive home to the NASCAR Xfinity Series beginning in 2025 and extending through the 2031 racing season.
The CW will broadcast 33 live NASCAR Xfinity Series races annually, along with practice and qualifying events each weekend.
All NASCAR Xfinity Series races and ancillary content will be fully produced by the Emmy Award-winning NASCAR Productions group, in close collaboration with The CW Network.
Ultimately, bringing NASCAR Xfinity Series racing to The CW is a win-win for everyone - fans, drivers, teams, sponsors and affiliates.

Stagwell (STGW) Hosts 'Political Media Days' Inaugural Summit, Projects Unprecedented $12B Political Ad Cycle in 2024

Retrieved on:

Thursday, July 27, 2023

NEW YORK, July 27, 2023 /PRNewswire/ -- Stagwell (NASDAQ: STGW), the only global marketing services network with bipartisan political advocacy, media, and insights firms, convened disruptive digital publishers and media groups for a two-day summit to inform brands as well as local and national candidates about the political media opportunities that should be top of mind heading into the 2024 election cycle. The presenters – Ampersand, Axios, iHeartMedia, MiQ, Nexstar, Politico, Puck, Punchbowl News, TelevisaUnivision and Urban One – discussed the importance of reaching overlooked audiences, building trust with a skeptical public, and balancing multiple mediums in a landscape where consumers are wildly varied in their spending habits, information sources, personal beliefs and more.

Key Points:

Stagwell is the only global marketing services network with bipartisan political advocacy, media, and insights firms.
"I used to joke that brands spent more money marketing hamburgers than politicians spent campaigning to run a nation – but that's no longer the case.
Everyone wants an alternative to broadcast, but it's still the primary scaled option with the most reliable data.
To inquire about partnering with Stagwell's political advocacy, media, and communications firms, please contact [email protected] .

Nexstar Media Group Appoints Tony Wells to Board of Directors

Retrieved on:

Wednesday, July 26, 2023

Nexstar Media Group, Inc. (NASDAQ: NXST) announced the appointment of Tony Wells, 59, to its Board of Directors effective today, July 26, 2023.

Key Points:

Nexstar Media Group, Inc. (NASDAQ: NXST) announced the appointment of Tony Wells, 59, to its Board of Directors effective today, July 26, 2023.
As a result of the recent declassification of the Board, Mr. Wells, and all directors, will stand for election at the 2024 annual meeting of stockholders.
“We are delighted to welcome Tony to the Board,” said Perry Sook, Nexstar Media Group’s Founder, Chairman and Chief Executive Officer.
Additionally, Wells served on the Board of Directors of his alma mater, Our Lady of Good Counsel High School, and was a member of the National Board of Directors for Mothers Against Drunk Driving.

Nexstar Names Media Industry Executive Michael Biard as President and Chief Operating Officer

Retrieved on:

Tuesday, July 25, 2023

Nexstar Media Group, Inc. (NASDAQ: NXST) (“Nexstar” or the “Company”), today announced the appointment of media executive Michael Biard as President and Chief Operating Officer.

Key Points:

Nexstar Media Group, Inc. (NASDAQ: NXST) (“Nexstar” or the “Company”), today announced the appointment of media executive Michael Biard as President and Chief Operating Officer.
Mr. Biard will report to Nexstar’s Chairman and Chief Executive Officer, Perry Sook, and assume his new duties on August 21, 2023.
Mr. Biard joins Nexstar following over 23 years at Fox Corporation (FOX) and its predecessor companies, including executive leadership positions covering multiple functional areas.
Mr. Carter joined Nexstar as Chief Financial Officer in August 2009, and was promoted to President and Chief Operating Officer in 2020.

Hawaiian Telcom Signs Agreement With Nexstar Media Inc.

Retrieved on:

Friday, July 21, 2023

Hawaiian Telcom is pleased to have reached an agreement with Nexstar Media Inc. (Nexstar) to restore KHON2 (FOX), KHII (MyNetwork), NewsNation and other networks to the channel lineup today.

Key Points:

Hawaiian Telcom is pleased to have reached an agreement with Nexstar Media Inc. (Nexstar) to restore KHON2 (FOX), KHII (MyNetwork), NewsNation and other networks to the channel lineup today.
On July 5, Hawaiian Telcom filed a Federal Communications Commission (FCC) complaint against Nexstar after the broadcaster failed to meaningfully extend its retransmission consent agreement during active negotiations, which resulted in five broadcast channels and one cable network going dark.
When the prior agreement expired on June 30, 2023, even though both parties were actively negotiating, Nexstar refused to provide an adequate extension that would allow both parties sufficient time to negotiate a mutually acceptable agreement.
Earlier this week, Hawaiian Telcom amended its FCC complaint against Nexstar after the two companies reached an agreement, including financial terms, but Nexstar refused to sign unless Hawaiian Telcom withdrew its original complaint and agreed not to file future complaints against the broadcaster.