Company
Nexstar Media Group, Inc.
Headquarters: Irving, TX, United States
Founded: June 17, 1996
Employees: 11,160
CEO: Mr. Perry A. Sook
Market Cap
$5.38 Billion
USD as of Jan. 1, 2024
Nexstar Media Group, Inc. Categories
United States Communication Services BroadcastingUnited States Communication Services United States Broadcasting
Top Competitors by Market Capitalization
Industry: Broadcasting
| Company | Market Cap (USD) |
|---|---|
| Kuaishou Technology | $28.59 B |
| Sirius XM Holdings Inc. | $20.86 B |
| Formula One Group | $14.42 B |
| News Corporation | $14.06 B |
| Fox Corporation | $14.00 B |
Detailed Description
Nexstar Media Group, Inc., a television broadcasting and digital media company, focuses on the acquisition, development, and operation of television stations and interactive community websites and digital media services in the United States. The company offers free programming to television viewing audiences. As of December 31, 2020, it provided sales, programming, and other services through various local service agreements to 37 power television stations owned by independent third parties; and owned, operated, programmed, or provided sales and other services to 198 television stations. The company also offers video and display advertising platforms that are delivered locally or nationally through its own and various third party websites and mobile applications, as well as owns WGN America, a national general entertainment cable network. Its stations are affiliates of ABC, NBC, FOX, CBS, The CW, MyNetworkTV, and other broadcast television networks. The company was formerly known as Nexstar Broadcasting Group, Inc. and changed its name to Nexstar Media Group, Inc. in January 2017. Nexstar Media Group, Inc. was founded in 1996 and is headquartered in Irving, Texas.
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Stocks & Indices
Nexstar Media Group, Inc. has the following listings and related stock indices.
Stock: NASDAQ: NXST wb_incandescent
Stock: FSX: NXZ wb_incandescent
Stock: Munich: NXZ wb_incandescent
Product & Services
Television, radio, television production, Television stations
Key People
Founder(s): Perry A. Sook
Perry A. Sook (Chairman & CEO) Tom Carter (President & COO) Lee Ann Gliha (CFO)
Financials
Revenue: US$4.5 billion (2020)
Operating income: US$1.375 billion (2020)
Net income: US$808.06 million (2020)
Total assets: US$2.97 billion (2016)
Total equity: US$284.35 million (2016)