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Last $59.17 USD
Change Today +0.40 / 0.68%
Volume 186.4K
NXST On Other Exchanges
As of 5:10 PM 11/27/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

545 East John Carpenter Freeway

Suite 700

Irving, TX 75062

United States

Phone: 972-373-8800


Nexstar Broadcasting Group, Inc. operates as a television broadcasting and digital media company that focuses on the acquisition, development and operation of television stations and interactive community Websites in medium-sized markets in the United States. As of December 31, 2014, the company owned, operated, programmed, or provided sales and other services to 87 television stations and 26 digital multicast channels, including those owned by Mission, Marshall, and other variable interest entities, in 49 markets in the states of Illinois, Indiana, Maryland, Missouri, Montana, Tennessee, Texas, Pennsylvania, Louisiana, Arkansas, Alabama, New York, Florida, Wisconsin, Michigan, Utah, Vermont, California, Iowa, Colorado and Virginia. In 29 of the 49 markets that the company serves, it owns, operates, programs, or provides sales and other services to approximately 1 station. The company refers to these markets as duopoly markets. The stations that the company serves are affiliates of ABC (20 stations), NBC (16 stations), FOX (19 stations), CBS (16 stations), The CW (8 stations and 2 digital multicast channels), MyNetworkTV (7 stations and 2 digital multicast channels), Telemundo (1 station and 1 digital multicast channel), Bounce TV (9 digital multicast channels), Me-TV (8 digital multicast channels), LATV (1 digital multicast channel), Weather Nation Utah (1 digital multicast channel), This TV (1 digital multicast channel), and Movies! (1 digital multicast channel). The stations reach approximately 16.2 million viewers of all the U.S. television households. The stations that the company owns and operates or provides services to provide free over-the-air programming to its markets’ television viewing audiences. This programming includes programs produced by networks with which the stations are affiliated; programs that the stations produce; and first-run and rerun syndicated programs that the stations acquire. The company’s primary source of revenue is the sale of commercial air time to local and national advertisers. Acquisitions In March 2014, the company completed its acquisitions of the assets of KCAU, the ABC affiliate serving the Sioux City, Iowa market; and WHBF, the CBS affiliate serving the Quad Cities, Iowa market, as well as the outstanding equity of WOI, the ABC affiliate serving the Des Moines, Iowa market. In April 2014, the company acquired the assets of Internet Broadcasting Systems, Inc., a digital publishing platform and digital agency services provider. In June 2014, the company completed the acquisition of WMBB, the ABC affiliate in the Panama City, Florida market; KREX/KREG/KREY, the CBS affiliates; and KGJT, the MyNetworkTV affiliate, all in the Grand Junction, Colorado market. In December 2014, the company completed the acquisition of privately-held Grant Company, Inc., the owner of seven television stations in four markets. In January 2015, the company completed the acquisition of privately-held Communications Corporation of America (CCA), as well as CCA’s rights and obligations with respect to certain operating agreements between CCA and White Knight Broadcasting. In January 2015, the company completed the acquisition of the assets of KASW, the CW affiliate in the Phoenix, Arizona market. In February 2015, the company acquired Yashi, Inc., a local digital video advertising and targeted programmatic technology platform. In February 2015, the company completed the acquisition of KLAS, LLC, the owner of television station KLAS, the CBS affiliate serving the Las Vegas, Nevada market. Strategy The company’s strategy is to develop leading local franchises; invest in digital media; emphasize local sales; operate duopoly markets; capitalize on diverse network affiliations; and attract and retain high quality management. History Nexstar Broadcasting Group, Inc. was founded in 1996.


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