Nexstar Media Group is one of the world’s leading diversified media companies and is headquartered in Irving, Texas. In June 2018, Nexstar marked 22 years in local programming and service since Perry A. Sook, Chairman, President and CEO, founded the Company. Upon completion of its $4.6 billion acquisition of Media General in January 2017, Nexstar Broadcasting Group, Inc. was re-named Nexstar Media Group, Inc.
The Company is now one of the largest broadcast groups in the United States in terms of the number of owned or operated television stations /markets and expected total annual revenue.1
Nexstar owns, operates, programs or provides sales and other services to 171 television stations and their related low power and digital multicast signals reaching 100 markets or approximately 38.7% of all U.S. television households. Their portfolio includes all primary major network affiliates, including ABC, CBS, NBC, Fox, and The CW, as well as multicast affiliates Telemundo, Me-TV, and Bounce TV.
Nexstar Media Group trades on The NASDAQ Global Market under the symbol “NXST” and as of January 2017, the company employs or manages over 9,000 people across the country.
In December, 2019, Nexstar Media Group agreed to acquire Tribune Media Co. for $4.1 billion in a deal set to create the largest operator of local television stations in the U.S. 2