| Market Capitalization (Millions $) |
5,465 |
| Shares
Outstanding (Millions) |
31 |
| Employees |
12,832 |
| Revenues (TTM) (Millions $) |
5,875 |
| Net Income (TTM) (Millions $) |
168 |
| Cash Flow (TTM) (Millions $) |
202 |
| Capital Exp. (TTM) (Millions $) |
161 |
Business Description
Nexstar Media Group Inc. is an American television broadcasting company headquartered in Irving, Texas. The company was founded in 1996 as Nexstar Broadcasting Group and has since grown to be the largest television station group in the United States, with over 197 full power stations and digital multicast channels.
Nexstar Media Group Inc. operates TV stations in 115 markets across the United States, reaching approximately 62.5 million households, or about 39% of all TV households nationwide. They offer a wide range of programming including news, sports, entertainment, and local events across various platforms, including on-air, online, and mobile applications.
Nexstar Media Group Inc. provides its broadcast services to local television stations under management agreements, which allow the company to operate and program the stations on behalf of the license owner. In addition, the company also owns and operates station websites, mobile apps, and other digital media assets.
In terms of news, Nexstar Media Group Inc. has a commitment to localism and operates a number of news programs across its various stations. They also offer centralized news production and programming services to its local stations, providing access to their National Content Desk, which offers local stations access to the latest news and event coverage across multiple platforms.
Nexstar Media Group Inc. has also been involved in several high-profile acquisitions over the years. In 2016, they acquired Media General, a rival media company that owned a number of television stations across the United States. In 2019, they acquired Tribune Media, another media company with a number of television stations in major U.S. markets. These acquisitions have helped the company grow significantly in terms of both geographic reach and total household coverage.
In addition to their media operations, Nexstar Media Group Inc. is also committed to social responsibility and community involvement. The company is involved in a number of charitable initiatives, including blood drives, food bank donations, and disaster relief efforts.
Overall, Nexstar Media Group Inc. is a leading television broadcasting company in the United States with a broad reach and a commitment to localism and community service. They offer a diverse range of programming and operate across multiple platforms, making them a valuable partner for advertisers and content providers alike.
Company Address: 545 E. John Carpenter Freeway Irving 75062 TX
Company Phone Number: 373-8800 Stock Exchange / Ticker: NASDAQ NXST
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123.38 %