Mission Broadcasting

Nexstar Media Releases Statement on FCC Ruling Regarding Its Relationship With WPIX-TV

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Thursday, March 21, 2024

Marketing, Entertainment, Communications, TV and Radio, Media, Publishing, Local marketing agreement, LMA, Media Group, FCC, Mission Broadcasting, WPIX-TV, Nexstar Media Group, Noise, News, Nexstar

Nexstar Media Group, Inc. (Nasdaq: NXST), today released the following statement from its Chairman and Chief Executive Officer, Perry Sook, about the FCC’s action regarding the Company’s relationship with WPIX-TV in New York City:

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Nexstar Media Group, Inc. (Nasdaq: NXST), today released the following statement from its Chairman and Chief Executive Officer, Perry Sook, about the FCC’s action regarding the Company’s relationship with WPIX-TV in New York City:
“We are extremely disappointed in today’s action by the Federal Communication Commission regarding our relationship with WPIX-TV and we intend to dispute it vigorously.
We believe the FCC has been misled by the often distracting noise in the media ecosphere and that it has completely misjudged the facts.
The facts are that Nexstar has always complied with FCC regulations and that its relationship with WPIX-TV under a Local Marketing Agreement (LMA) was approved by the FCC in 2020, when WPIX-TV was purchased by Mission Broadcasting, Inc. Nexstar believes that joint operating, shared service, and local marketing agreements like those in which it is engaged are vitally important to maintain a competitive media marketplace and to enable broadcasters to continue investing in local news, investigative journalism, and other services that they uniquely provide to the communities in which they are located.”

Mission Broadcasting Comments on F.C.C.'s March 21, 2024, Notice of Apparent Liability Ruling Regarding its Ownership of WPIX-TV, the CW of New York City

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Thursday, March 21, 2024

Federal, Federal Communications Commission, Apparent, Mission Broadcasting

WICHITA FALLS, Texas, March 21, 2024 /PRNewswire/ -- Mission Broadcasting, Inc. today released the following statement from its President, Dennis Thatcher, regarding the F.C.C.

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WICHITA FALLS, Texas, March 21, 2024 /PRNewswire/ -- Mission Broadcasting, Inc. today released the following statement from its President, Dennis Thatcher, regarding the F.C.C.
Notice of Apparent Liability:
"Mission Broadcasting has had a nearly 28-year track record of owning and operating commercial television stations with nary a blemish on our record.
We have prided ourselves on conducting our business in an open and transparent manner with the Federal Communications Commission and other governmental agencies.
is unwarranted and we plan to contest this ruling to the full extent the law allows."

Mission Broadcasting and DISH Network Reach Multi-Year Distribution Agreement Comprehensive Contract Covers 25 Mission Broadcasting's markets

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Wednesday, January 24, 2024

Weather, Mission Broadcasting, Mission, Dish Network, News, Sport, Communications satellite

WICHITA FALLS, Texas, Jan. 23, 2024 /PRNewswire/ -- Mission Broadcasting, Inc., ("Mission") and DISH Network today announced that they have reached a comprehensive, multi-year distribution agreement.

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WICHITA FALLS, Texas, Jan. 23, 2024 /PRNewswire/ -- Mission Broadcasting, Inc., ("Mission") and DISH Network today announced that they have reached a comprehensive, multi-year distribution agreement.
The agreement covers 27 Mission television stations in 25 markets across the country.
This agreement means that thousands of DISH subscribers will again have access to Mission's network entertainment, live sports and news programming, as well as local news, weather, and sports.
Dennis Thatcher, President of Mission Broadcasting remarked: "We are delighted to have reached a new distribution agreement with DISH Network, and we look forward to continuing our long-standing relationship."

WPIX, WABC-TV, and WXTV-DT Launch NextGen TV in the Nation’s #1 Television Market

Retrieved on:

Thursday, December 14, 2023

In addition, NextGen TV adds a new dimension to TV viewing, with vibrant video and new Voice+ dialogue enhancement that brings voices to the foreground.

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In addition, NextGen TV adds a new dimension to TV viewing, with vibrant video and new Voice+ dialogue enhancement that brings voices to the foreground.
The launch of NextGen TV follows a decade of development and months of planning and preparation by the local stations.
New York metro area viewers can learn more about NextGen TV by visiting www.WatchNextGenTV.com , which offers a guide listing cities where NextGen TV is already live, as well as links to available NextGen TV set models.
Antenna viewers without NextGen TV sets can simply rescan their TV sets to ensure uninterrupted service.

Nexstar Media Group Reports Third Quarter Net Revenue of $1.13 Billion

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Wednesday, November 8, 2023

Other Consumer, Technology, Entertainment, Marketing, Advertising, Communications, Audio, Video, General Entertainment, TV and Radio, Consumer, Consolidated, Digital, Adjustment, Journalism, NASCAR Xfinity Series, Nexstar Media Group, Food, Food Network, Verizon Communications, Walmart, NBA, Subaru, MyNetworkTV, The CW, EBITDA, Fox Corporation, News, Share repurchase, Conference, Sinclair Broadcast Group, DMA, Acquisition, Television, WTTA, Transaction, DIRECTV, Mission Broadcasting, CW, Antenna TV, Hearst Television, Growth, Los Angeles Clippers, NewsNation, Partnership, KUSI-TV, MVPD, Hand, WPHL-TV, NBA Development League Impact Player of the Year Award, KRON-TV, ACC, Cryptocurrency, Bookkeeping, Management, Communications satellite, Video game, Food industry, Music, Commercial property, Security (finance), Atlantic Coast Conference, Nexstar

Nexstar – Consolidated refers to all of the Company’s operations while Nexstar, Ex-The CW refers to the Consolidated results without The CW operations and eliminations.

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Nexstar – Consolidated refers to all of the Company’s operations while Nexstar, Ex-The CW refers to the Consolidated results without The CW operations and eliminations.
Beginning in the fourth quarter of 2022, Nexstar defined Adjusted EBITDA and Free Cash Flow as metrics excluding transaction and one-time expenses.
Third quarter net revenue of $1.13 billion compared to $1.27 billion in the prior year quarter.
64% of Nexstar’s third quarter net revenue was generated by distribution, digital and other revenue sources.

Nexstar Media and Fox Corporation Renew and Extend Multi-Year Affiliation Agreement

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Tuesday, September 5, 2023

Nexstar Media Group, Inc. (NASDAQ: NXST), and Fox Corporation (NASDAQ: FOXA, FOX) today announced that they have reached a comprehensive multi-year agreement renewing the FOX affiliations of 29 Nexstar-owned stations across the United States, including those in six of the country’s top twenty markets.

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Nexstar Media Group, Inc. (NASDAQ: NXST), and Fox Corporation (NASDAQ: FOXA, FOX) today announced that they have reached a comprehensive multi-year agreement renewing the FOX affiliations of 29 Nexstar-owned stations across the United States, including those in six of the country’s top twenty markets.
In addition, Fox Corporation has reached agreements to renew the FOX affiliations of 12 stations that have shared services agreements with Nexstar, 11 of which are owned by Mission Broadcasting, Inc., and one of which is owned by White Knight Broadcasting, Inc.
Collectively, these 41 television stations renewing their FOX affiliations reach almost 22 million television households.
“As the #1 FOX-affiliated television station group in the country, Nexstar is proud to extend its longstanding relationship with FOX,” said Andrew Alford, President of Nexstar’s broadcasting division.

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.

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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.

NATION'S LARGEST LOCAL TV OUTAGE BEGINS AFTER NEXSTAR DEMANDS MORE THAN DOUBLE THE CURRENT VIEWER FEES FROM DIRECTV

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Monday, July 3, 2023

After denying Nexstar's demands for DIRECTV to pay more than double the previous fees for the same content, DIRECTV lost the rights to offer Nexstar-controlled ABC, CBS, NBC, FOX and CW stations in select markets, as well as NewsNation.

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After denying Nexstar's demands for DIRECTV to pay more than double the previous fees for the same content, DIRECTV lost the rights to offer Nexstar-controlled ABC, CBS, NBC, FOX and CW stations in select markets, as well as NewsNation.
That means viewers in many metro areas will temporarily lose several local broadcast stations at the same time.
What's more, Nexstar also seeks to force the CW and less popular channels into DIRECTV lineups, which would only increase costs for customers.
While DIRECTV continues negotiations to return Nexstar programming to DIRECTV, DIRECTV STREAM and U-verse, customers can access much of the news, sports and entertainment programming on both local station and national network websites and apps, streaming services, and over-the-air.

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

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

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.