Nexstar Broadcasting Group


  • Jessell: Uncertain Political Is Broadcast Wake-Up Call

    Lower-than expected spending by the Trump campaign is causing some groups to reforecast their political revenue and depressing stock prices. More important, it highlights the need for adoption of ATSC 3.0. The new broadcasting standard will allow stations to offer zoned, targeted and interactive advertising and maintain their lion's share of the political advertising dollars. More | Comments (3)
  • Front Office: How To Invest Best To Grow Revenue

    Don’t you wish you could determine in advance which new ventures are likeliest to become the most profitable? A tough advertising environment has added to the pressure, prompting media leaders to try to accelerate revenue diversification. While no one has a crystal ball, A.T. Kearney’s Greg Portell shares some guidelines that can help planners identify which new revenue opportunities to avoid or seize.   More | Add comment
  • TVN Tech: Serious Study Needed To Get Drone License

    The exam for FAA Part 107 certification to fly a commercial drone under 55 pounds, which first became available Aug. 29, covers far more than the drone itself. A mastery of knowledge on aeronautical concepts, charts, airspace and meteorology from an aviation perspective are among the areas emphasized on the initial test. Is it overkill for a media organization that will fly a done no higher than 400 feet? Not really, when seen in the context of maintaining safety, says the FAA. More | Add comment
  • Focus: Many Questions Over Nielsen's Post-Diary Ratings

    Nielsen announced plans last week to replace its paper ratings diaries with a system based on data from cable and satellite set-top boxes. However, many broadcasters still aren't sure how it's going to work. “They haven’t really told us that much about their plan going forward," said Raycom's Billy McDowell. Added Cordillera's Terry Hurley: "I'm hopeful, but skeptical." More | Comments (1)
  • Jessell: Is Your News Tired? Check Out Vice, Newsy

    For the most part, local newscasts were developed a half-century ago. It’s time for a renaissance. The typical newscast no longer resonates with many Americans, especially younger ones. That's why I’m intrigued by Scripps’ Newsy and am deeply curious about the nightly newscast that Vice is cooking up for HBO. All news directors should be, too.
    More | Comments (1)
  • TVN Names Scripps Station Group Of The Year

    In announcing the honor, TVNewsCheck Editor Harry A. Jessell cited the company’s efforts to go beyond broadcasting and establish itself prominently and profitably among national digital media. Led by CEO Rich Boehne, over the past three years Scripps has spent $124 million to acquire Newsy (OTT news), Midroll (podcasting) and Cracked (digital content).  More | Comments (2)
  • Smith, Sook, LaPlatney On Tap For TVN's ATSC 3.0 Confab

    One highlight of TVNewsCheck’s Nov. 9-10 TV2020 conference on the prospects for Next Gen TV will be the CEO panel featuring David Smith of Sinclair Broadcast Group, Perry Sook of Nexstar Broadcasting Group and Pat LaPlatney of Raycom Media. For more information, or to register for TV2020, click here. More | Comments (1)
  • Newsy’s Sabatinelli To Talk On How To Monetize OTT

    The fourth annual NewsTECHForum presented by TVNewsCheck and Sports Video Group will feature an on-stage Q&A with Blake Sabatinelli, the general manager of the Scripps-owned OTT service Newsy, on Dec. 12. For the full NewsTECHForum program, or to register, click here. More | Add comment

Special Reports

  • Multicasting 2016: A four-part examination of the revenue, programming and technology strategies of the diginet business.
  • TVN's FCC Watch: A quick briefing on FCC proceedings affecting TV broadcasters from Washington communications attorneys David Oxenford and David O'Connor.
  • Employment 2016: In Part I, the challenges facing broadcasters in finding the right people for the rights jobs. Part II: It used to be a given that news managers would readily move it if meant a bigger market and a larger paycheck. Not anymore. Part III, the military may become an even bigger source of talent for station IT and engineering departments.
  • THE TOP 30 TV STATION GROUPS: As a result of its merger with Media General, Nexstar Broadcasting moves up 10 spots and is now No. 3 on TVNewsCheck's 2016 station group ranking behind Fox and CBS. Gray's acquisition of Schurz moved it up to No. 13, Nexstar's old spot. Together, the two deals changed the rank of 21 groups and opened the door to two newcomers.
  • 2016 NAB Show Tech Hot Topics: TVNewsCheck’s second annual multi-part series highlighting emerging tech trends in advance of the NAB Show. Topics include field contribution, audio, cameras, IP transport, transmitters, antennas, newsroom computer systems, broadcast graphics and master control.
  • 2015 — Year In Review: Revisit the year’s top developments in business, programming, journalism, technology, regulation and more.
  • NewsTECHForum 2015: Complete coverage of the third annual conference from TVNewsCheck and Sports Video Group
  • IBC 2015: At the annual tech gathering in Amsterdam, the prominence of IP in everything from production to distribution may have been somewhat of a surprise, but once on the exhibit floor or in the conference rooms there was no mistaking its broad — and still growing — influence.
  • Weather 2015: A three-part look at forecasting: a Q&A with AccuWeather founder Joel Myers; complaints by local weathercasters of network forecasting; and the latest on mobile and augmented reality.
  • Sales Management: A four-part look at the growing importance to stations of mobile viewing platforms; automated spot buying; improving digital sales operations; and a case study of a successful digital sales effort.
Marketshare Blog Playout Blog
Nexstar Has Booked 2/3 Of Political Target
Reuters, Sep 21, 2016, 2:21 PM EDT
Nexstar Broadcasting Group has already has taken orders for more than two thirds of its 2016 political ad spending target, CEO Perry Sook said on Wednesday, but he stopped short of raising the goal. The company planned to tell investors at an investment conference later in the day that it was standing by the target for $100 million in political revenue for the year. Link | Add comment
Smith, Sook, LaPlatney On Tap For 3.0 Confab
TVNewsCheck, Sep 15, 2016, 5:41 AM EDT
One highlight of TVNewsCheck’s Nov. 9-10 TV2020 conference on the prospects for Next Gen TV will be the CEO panel featuring David Smith of Sinclair Broadcast Group, Perry Sook of Nexstar Broadcasting Group and Pat LaPlatney of Raycom Media.   Full Story | Comments (1)
DOJ OKs Nexstar-Media Gen With Condition
TVNewsCheck, Sep 2, 2016, 11:56 AM EDT
The Justice Department says Nexstar must sell seven stations in six markets to buyers vetted by Justice as a condition of approving the $4.6 billion Media General acquisition. Full Story | Add comment
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Media Gen Giving Its WDTN A Media Makeover
Dayton Magazine, Aug 10, 2016, 6:27 AM EDT
The Media General-owned NBC affiliate in Dayton, Ohio, is focused on providing the best newscasts possible. GM Joseph Abouzeid: “We’re going to ask the tough questions. We want to prove the newscasts are relevant to viewers’ lives. We’re going to be the voice for the viewer who doesn’t have a voice.” Link | Add comment
Earnings call
Spectrum Auction Hold Promise For Nexstar
TVNewsCheck, Aug 9, 2016, 2:47 PM EDT
The broadcast group's executives say that sales of stations in the upcoming incentive auction could result in a decrease in the company’s national coverage, which is now just under the FCC's 39% cap. Any income from the auction will "turbo-charge our debt reduction and our leverage reduction," said CFO Tom Carter: He added: “If we sold spectrum and exited markets ... then we would have the opportunity to enter into accretive new market M&A.” Full Story | Add comment
Quarterly report
Nexstar 2Q Revenue Climbs 19% To $262M
TVNewsCheck, Aug 9, 2016, 7:28 AM EDT
CEO Perry Sook attributes the overall revenue gain to 7.5% year-over-year growth in TV ad revenue along with a 41% gain in retrans fees and a 17% rise in digital. Core national and local TV ad spending was flat. Full Story | Add comment
Nexstar Prices $900 Million In Senior Notes
TVNewsCheck, Jul 13, 2016, 8:42 PM EDT
It said it intends to use the net proceeds from the proposed offering to fund its proposed acquisition of Media Genera.   Full Story | Add comment
TVN Focus on Business
Leverage Worries Batter TV Groups Stock
TVNewsCheck, Jul 7, 2016, 8:19 AM EDT
Stock prices of six publicly-traded TV station groups had a rocky first half due to concerns over leverage as well as political, automotive and overall sustainability of the television business model. The companies bounced back a bit in the second quarter, but were still well below where they were on Jan. 1. Analysts, however, see signs for optimism. Full Story | Comments (6)
Kagan: Broadcast TV M&A Hit $681M In 2Q
TVNewsCheck, Jul 5, 2016, 7:43 AM EDT
An analysis of station trading shows the majority of second quarter deals were the result of spinoffs from Nexstar’s acquisition of Media General. Full Story | Add comment
Ryvicker, Amy, Sook All Gung Ho For 3.0
TVNewsCheck, Jun 16, 2016, 5:40 AM EDT
The proposed next-gen TV standard is endorsed by Wells Fargo securities analyst Marci Ryvicker and her S&P Global panelists: Sinclair's David Amy and Nexstar's Perry Sook. Said Ryvicker: "For me, I only see it as a good thing. I can't put a cash flow on it. I can't put a multiple on it. I just know it's better than staying at 1.0."  Amy: "It will forever change the way viewers consume our product." Sook said he was especially interested in the potential for datacasting. Full Story | Comments (16)
Katz, Bounce Boost Diginet Distribution
TVNewsCheck, Jun 15, 2016, 1:31 PM EDT
The expansion comes from multi-year deals for Bounce TV, Escape, Grit and Laff with Nexstar, Mission and White Knight. Full Story | Add comment
Market Share
Nexstar Launches Company-Wide Service Push
TVNewsCheck/Market Share, Jun 15, 2016, 8:07 AM EDT
Prather Buys 5 TVs From Nexstar-Media Gen.
TVNewsCheck, Jun 13, 2016, 9:33 AM EDT
With backing from an Atlanta private equity firm, former Gray exec Bob Prather agrees to pay $115 million for five small-market network affils: Nexstar's WFFT Ft. Wayne, Ind. (Fox, DMA 111) and KQTV St. Joseph, Mo. (ABC, DMA 201), and Media General's KIMT Rochester, Minn.; (CBS, DMA 153), WTHI Terra Haute, Ind. (CBS, DMA 155); and WLFI Lafayette, Ind. (CBS, DMA 187). Full Story | Comments (3)
Nexstar, Media Gen Shareholders OK Merger
TVNewsCheck, Jun 8, 2016, 12:45 PM EDT
Upon completion of the transaction, expected later this year, Nexstar will change its name to Nexstar Media Group Inc. Full Story | Add comment
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Gray Buying Two Nexstar Spinoffs For $270M
TVNewsCheck, Jun 3, 2016, 9:03 AM EDT
It is acquiring ABC affiliate WBAY Green Bay, Wis., and NBC affil KWQC Davenport, Iowa, both currently owned and operated by Media General that are being divested as part of the Nexstar-Media General merger.   Full Story | Add comment
TVNewsCheck, May 30, 2016, 8:24 PM EDT
Nexstar Selling Five Stations in Four Markets
TVNewsCheck, May 27, 2016, 8:56 AM EDT
The divestitures are designed to comply with FCC ownership caps as Nexstar’s acquisition of Media General awaits commission approval. The stations are WCWJ Jacksonville, Fla.; WSLS Roanoke, Va.; KADN and KLAF-LD Lafayette, La.; and KREG Denver. Full Story | Add comment
earnings call
Nexstar Talks Growth, Political, Auction
TVNewsCheck, May 3, 2016, 12:38 PM EDT
The broadcast group’s executives say its prospects going forward are bright with political ad revenue continuing to roll in. Retrans remains strong and the assimilation of Media General’s stations is on track to close this year. Speaking generally about the upcoming spectrum auction, CEO Perry Sook said deciding whether to sell could involve such things as clearing space under the FCC national ownership cap.   Full Story | Add comment
Quarterly report
Nexstar Revenue Hits 1Q Record $255.7M
TVNewsCheck, May 3, 2016, 7:32 AM EDT
CEO Perry Sook attributes the gains to “advertising strength in key categories complemented by our ability to monetize the Super Bowl through coordinated multiplatform revenue initiatives; political advertising spending which exceeded our expectations; continued robust retransmission fee growth; and, another quarter of double-digit digital media growth." Full Story | Comments (4)
Nexstar Declares Quarterly Dividend
TVNewsCheck, Apr 22, 2016, 7:18 AM EDT
Nexstar Broadcasting Group’s board of directors has declared a quarterly cash dividend of $0.24 per share of its Class A common stock. The dividend is payable on Friday, May 27, to shareholders of record on Friday, May 13. | Add comment
Nexstar Intros Simultaneous TV-Digital Ads
TVNewsCheck, Apr 21, 2016, 3:41 PM EDT
Using proprietary location-focused technology from its Yashi subsidiary, the new Digital Mirror programmatic product offers advertisers simultaneous delivery of television and digital pre-roll video ads. The launch is initially exclusive to Nexstar’s 103 stations reaching 18% of U.S. TV households with plans for broader commercial deployment.   Full Story | Add comment
ACA To FCC: Deny Nexstar-Media Gen. Merger
TVNewsCheck, Mar 21, 2016, 8:34 AM EDT
The American Cable Association says the $4.6 billion deal will give Nexstar 115 Big Four affiliates in 101 markets and undue leverage in retrans negotiations. With the leverage, Nexstar would "drive up...fees (and, in turn, consumer prices) and...increase the risk and incidence of broadcast programming blackouts." As an alternative to denial, ACA suggests forcing Nexstar into "baseball-style arbitration" or preventing its use of "after-acquired station" clauses. Full Story | Comments (5)
Borrell Local Online Ad Conference
Nexstar's Perry Sook Is Cool To OTT
TVNewsCheck, Mar 2, 2016, 9:14 AM EST
“I’m not sure [OTT] will be a bigger thing in five years than it is today," the broadcast group CEO says. He adds that he's focused on providing marketing services in all forms to local business. "At our base, we are a local service business,” he said. “Local businesses are crying out for help here” and Nexstar wants “a larger share of their wallet than just their ad dollars.” Read full coverage of the Borrell Local Online Ad Conference here. Full Story | Comments (2)
Quarterly report
Nexstar Sets Records With 4Q, Full-Year Rev
TVNewsCheck, Feb 25, 2016, 7:28 AM EST
Fourth quarter core ad revenue rose 33.1% and was complemented by an 85.1% rise in retransmission fee revenue and a 105.8% increase in digital media revenue that collectively more than offset the impact of a year-over-year reduction in political revenue of $27.5 million, or 77.7%. Full Story | Add comment
Nexstar Wants To Keep Media General JSAs
TVNewsCheck, Feb 17, 2016, 11:20 AM EST
To grease FCC approval of its merger with Media General, Nexstar says it will spin off stations to comply with the agency's local and national ownership limits. But it asks to keep joint sales agreements in six markets, despite the FCC's denying a JSA transfer in the Gray-Schurz deal just last week. Nexstar and Media General argue that the six JSAs are "incidental" to the deal. Full Story | Comments (3)
Nexstar And Cox Come To Terms On Retrans
Deadline, Feb 4, 2016, 6:20 PM EST
Nexstar Broadcasting announced Thursday that it reached a new distribution agreement with Cox Communications. The deal, reached just prior to Super Bowl 50, covers Nexstar’s 13 stations in nine markets. Nexstar said programming on all stations will resume "as soon as possible." Link | Comments (2)
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Nexstar Closes On Purchase Of N.D. Stations
TVNewsCheck, Feb 1, 2016, 11:16 PM EST
Nexstar Stations Go Dark On Cox Systems
Deadline, Jan 30, 2016, 9:01 AM EST
Retransmission disputes usually end up with an 11th hour deal — but not this time for Cox Communications and Nexstar. Cox customers in nine markets lost access to Nexstar stations’ programming Friday night as their five-year-old carriage agreement expired with negotiators still at odds over terms to extend it. Link | Comments (3)
Jessell at Large
At 39%, Sook, Smith Set Different Courses
TVNewsCheck, Jan 29, 2016, 3:34 PM EST
Now that Nexstar has signed a definitive agreement to absorb Media General for $4.6 billion, Nexstar joins Sinclair in having hit the FCC ceiling on station ownership. The groups CEOs — Perry Sook and David Smith, respectively — have a lot in common, but their post-consolidation strategies are diverging. Smith wants Sinclair to be a national programmer; Sook simply wants to get the most out of what he's got. Full Story | Comments (9)
Nexstar Responds To Cox Merger Challenge
TVNewsCheck, Jan 28, 2016, 5:36 PM EST
The group broadcaster says the cable operator’s claim to the FCC that the proposed Nexstar-Media General merger will hurt cable subscribers contains “egregious mischaracterizations.” Full Story | Comments (11)
Cox Urges FCC To Block Nexstar-MG Merger
Fierce Cable, Jan 28, 2016, 5:24 PM EST
Facing a blackout on Nexstar Broadcasting Group stations in nine markets due to stalled retransmission licensing renewal talks, Cox Communications has spoken out against Nexstar's $4.6 billion bid to acquire Media General. Link | Add comment
earnings call
Meredith 'Aggressively' Looking For Stations
TVNewsCheck, Jan 27, 2016, 3:46 PM EST
The failure to acquire Media General has in no way dampened Meredith’s thirst for acquisitions, and that includes "a handful " of stations that Nexstar will have to spin off to comply with the FCC's local ownership limits. As part of its breakup arrangement, Meredith gets first dibs on those stations. “We will continue to be aggressively on the outlook,” said Meredith CEO Steve Lacy in regards to the company’s plans for hunt for more stations. Discussing the company’s options, Lacy added, “We have a lot of levers to pull and we intend to pull them.” Full Story | Comments (2)
Nexstar-Media General: It's A Done Deal
TVNewsCheck, Jan 27, 2016, 9:57 AM EST
As expected, Nexstar Broadcasting Group and Media General have reached a deal by which Nexstar will pay $17.14 per share in cash and stock for Merger General.The merger creates a new mega-group with 171 stations in 100 markets serving 39% of TV households. Current Media General shareholders will also be entitled to the proceeds from the sale of any Media General spectrum in the FCC's incentive auction. The parties have agreed to pay Meredith $60 million to terminate its competing merger agreement with Media General. Full Story | Comments (18)
Nexstar, Cox Battling Over Retrans Fees
TVNewsCheck, Jan 25, 2016, 7:21 AM EST
Cox subscribers in nine markets could lose access to 13 Nexstar stations this Friday if a new distribution agreement isn't reached before then, the station group warns. Full Story | Comments (2)
Nexstar Ups Quarterly Dividend By 26.3%
TVNewsCheck, Jan 22, 2016, 7:13 AM EST
The payout of 24 cents per share marks the third annual consecutive rise in cash dividend and 100% compound annual growth in the payout level since initiation of cash dividends in 2013. Full Story | Add comment
Meredith, Nexstar Fight Over Media General
TVNewsCheck, Jan 7, 2016, 10:02 AM EST
Nexstar reaches an agreement to buy Media General for $17.66 per share, but Meredith, which had earlier agreed to merge with Media General, isn't ready to walk away. It now proposes a merger of equals, in which Media General shareholders would receive in return for each of their shares $3.90 in cash and one share in the new company valued at $14.94. Full Story | Comments (5)
Nexstar: Cable One Could Lose Stations
TVNewsCheck, Dec 29, 2015, 6:07 AM EST
Nexstar Broadcasting Group stations in the Southwest and Southeast are telling viewers who are subscribers to Cable One that "unfortunately, despite our best efforts we may not come to an agreement" and they may lose the stations on Dec. 31 when the current retrans deal with the cable provider expires. Nexstar suggests DirecTV and Dish Network as alternatives. | Add comment
Media General Says Nexstar Bid Doesn't Cut It
TVNewsCheck, Dec 9, 2015, 5:27 PM EST
Nexstar's takeover bid of $16.31 per share for Media General "does not properly compensate our shareholders," the board says, pointing out that it was just last August that Nexstar was willing to pay $17. Full Story | Comments (3)
Media General Rejects Nexstar's $16.31 Bid
TVNewsCheck, Dec 9, 2015, 7:19 AM EST
Nexstar CEO Perry Sook says negotiations to acquire Media General are at an impasse after Media General rejected its latest offer of $16.31 per share, a 46.3% premium over Media General stock price when Nexstar declared its interest in the company in September with a $14.50 offer. Media General has countered with an ask of $18.61. Analyst Marci Ryvicker says it's likely not an impasse, simply a public negotiation, and parties will settle somewhere between the current bid and ask. Full Story | Comments (9)
WSJ: Media Gen. Rejects $16.50 Nexstar Bid
TVNewsCheck, Dec 8, 2015, 8:51 PM EST
Nexstar last week privately offered a package about $16.30 a share in cash and stock based on Tuesday’s close, The Wall Street Journal is reporting, citing unnamed sources. Media General rejected that bid and instead made a counterproposal seeking about $18.60 a share, which Nexstar deemed too rich, the story says. The Nexstar proposal values Media General at about $1.85 billion. Journal subscribers can read the full story here. | Add comment
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Nexstar Buys 4 W.Va. TVs For $130M
TVNewsCheck, Nov 17, 2015, 7:28 AM EST
The seller is West Virginia Media Holdings. With subchannels, the four stations have seven affiliations with Big Four networks. Nexstar says it is paying 6.3 times 2015-16 cash flow of the stations, including synergies, The acquisition, subject to regulatory approval, is immediately accretive to its operating results, it says. Full Story | Comments (1)
Earnings Call
Sook Updates Nexstar-Media General Status
TVNewsCheck, Nov 3, 2015, 2:39 PM EST
"We've had conversations with many Media General shareholders who support our combination," Nexstar chief Perry Sook told analysts today. Full Story | Comments (2)
Quarterly report
Nexstar 3Q Rev Sets Record With 43% Gain
TVNewsCheck, Nov 3, 2015, 7:23 AM EST
It rises 42.6% to $224.9 million and drives operating income of $48.3 million, up 16%; adjusted EBITDA of $73.1 million, up 27%; and free cash flow of $46.2 million up 19%. Full Story | Add comment
Nexstar Declares Quarterly Cash Dividend
TVNewsCheck, Oct 23, 2015, 7:42 AM EDT
Nexstar Broadcasting Group today announced today that its board of directors declared a quarterly cash dividend of $0.19 per share of its Class A common stock. The dividend is payable on Friday, Nov. 20, to shareholders of record on Friday, Nov. 6. | Add comment
Tech Profile
Blake Russell: Nexstar's Make-It-Work Guy
TVNewsCheck, Oct 15, 2015, 11:41 AM EDT
The station group's SVP of operations has earned the nickname 'the architect" over 18 years by overcoming a wide variety of technical and operational challenges as the group has gotten bigger and bigger. And he is looking forward to creating new designs for local TV. “Just think about what we can do with the technology and how we take it to the next level.” Full Story | Comments (1)
Wells Fargo: Nexstar Prepared To 'Go Hostile'
TVNewsCheck, Oct 1, 2015, 9:18 AM EDT
If Media General rejects its bid, Nexstar will circumvent the board and management and take its case directly to shareholders, say the securities analysts in a note to clients. In doing so, they add, it could up its bid from $14,50 to $17 a share to get the job done. Full Story | Comments (6)
Media General Investor Pushes For Nexstar
TVNewsCheck, Sep 29, 2015, 11:48 AM EDT
Starboard Value LP, which owns about 4.5% of Media General stock, says it’s in the best interests of shareholders to jettison its deal to buy Meredith and “negotiate the best deal possible with Nexstar.” It also cautions the board not to take any action to frustrate shareholders' ability to vote on any proposed transaction. Full Story | Add comment
Nexstar Offers $4.1 Billion For Media General
TVNewsCheck, Sep 28, 2015, 6:33 AM EDT
Charging that Media General deal to acquire Meredith is "value-destructive" and "ill-conceived," Nexstar CEO Perry Sook says he is prepared to pay $14.50 for Media General, a 30% premium over Friday's close. Sook said he had tried to buy Media General in August prior to its announcement to buy Meredith for $2.4 billion. The $4.1 billion price tag includes assumption of debt. Full Story | Comments (9)
Nexstar Buys 4 North Dakota Stations
TVNewsCheck, Sep 17, 2015, 4:28 PM EDT
It’s paying $44 million for CBS affiliates KXMC, KXMB, KXMA and  KXMD in Minot-Bismarck-Dickinson-Williston and will also provide sales and other services to the market’s two ABC affiliates owned by Forum Communications. Full Story | Comments (3)
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Nexstar Completes New Facility In Roanoke
TVNewsCheck, Sep 17, 2015, 2:20 PM EDT
As it opens a new $3 million, 15,000-square-foot building, Nexstar will add 30 employees to support an expansion of its local news programming under the WFXR news brand that launches Oct. 1. Full Story | Add comment
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Nexstar Names Rafael Archilla Billings GM
TVNewsCheck, Sep 8, 2015, 3:18 PM EDT
The industry executive and Montana native with 16 years of local broadcasting experience will succeed Sandra Zoldowski at the top of KSVI, KHMT and Full Story | Add comment
Cobalt Digital, Nexstar Collaborate On Text-To-Speech
TVNewsCheck/Playout, Aug 17, 2015, 4:28 PM EDT
Nexstar To Buy Back $100 Million In Stock
TVNewsCheck, Aug 10, 2015, 7:18 AM EDT
Perry A. Sook, Nexstar chairman, president and CEO: “The repurchase authorization reflects our confidence in the company's growing free cash flow … and provides a flexible complement to our existing return of capital initiatives through our quarterly cash dividend.” Full Story | Add comment
earnings call
Nexstar Holding Onto Its Spectrum
TVNewsCheck, Aug 6, 2015, 2:10 PM EDT
Nexstar CEO Perry Sook tells analysts: "Our position on the auction hasn't changed. We believe the best use of our spectrum would be on a recurring revenue/leasing model rather than selling." In fact, he added, don't be surprised if Nexstar racks up more station buys before year end. Full Story | Comments (1)
Quarterly report
Nexstar Posts Record 2Q Net Revenue
TVNewsCheck, Aug 6, 2015, 7:30 AM EDT
It rises 50.6% to $221.3 million and drives record 2Q operating income of $52.5 million, up 50.4%; adjusted EBITDA of $74.9 million, up 51%; and free cash flow of $50.1 million up 64.8%. Full Story | Comments (2)
Nexstar Renews CBS Affiliation At 5 Stations
TVNewsCheck, Jun 17, 2015, 12:35 PM EDT
A new long-term agreement extends affiliation for five stations owned or operated by Nexstar: KGPE Fresno, Calif.; KREX Grand Junction, Colo; KLAS Las Vegas; WTAJ Altoona, Pa.; and WYOU Wilkes-Barre/Scranton, Pa.   Full Story | Add comment
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Nexstar Ups Stephen Freifeld To GM In Erie
TVNewsCheck, May 20, 2015, 11:16 AM EDT
The longtime sales director at WJET-WFXP will now lead the stations and their associated mobile/digital operations. Full Story | Add comment
Quarterly report
Nexstar 1Q Revenue Climbs 52% To $203M
TVNewsCheck, May 7, 2015, 7:25 AM EDT
The TV station group’s record first quarter local and national ad revenue growth, aided by station acquisitions, was complemented by a 90% rise in retransmission fee revenue and a 208% increase in digital media revenue. Full Story | Add comment
Nexstar Ups Underwood To Regional Manager
TVNewsCheck, Apr 1, 2015, 11:12 AM EDT
The station group promotes Theresa Underwood from WSYR Syracuse GM to a newly-created position overseeing Nexstar’s northeast television and digital media operations. Full Story | Add comment
Nexstar Adds Matrix CRM, Sales Intelligence
TVNewsCheck, Mar 10, 2015, 5:08 PM EDT
Earnings call
Nexstar Looking At M&A, Growing Digital
TVNewsCheck, Feb 26, 2015, 12:54 PM EST
"We wouldn't do a transaction just for scale's sake," CEO Perry Sook told analysts this morning."But if the transaction was beneficial to Nexstar shareholders and a side-effect was more scale, we would be very interested in that." Some small deals are already in the pipeline, he said. In addition, digital deals are an increasing focus as growth in digital revenue far outstrips that of broadcasting. Full Story | Add comment
Quarterly report
Nexstar 4Q Revenue Up 40%, Year Up 26%
TVNewsCheck, Feb 26, 2015, 7:28 AM EST
The TV station group’s strong fourth quarter television ad revenue growth was complemented by a 64.6% rise in retransmission fee revenue and a 114.9% increase in digital media revenue. Full Story | Add comment
Nexstar Acquires Yashi Video Ad Platform
NetNewsCheck, Feb 3, 2015, 8:06 AM EST
Nexstar Broadcasting Group has bought Yashi Inc., an online video demand side platform. The $33 million deal puts Nexstar in control of Yashi's location-based targeting and programmatic technology and services for the online video advertising industry. Link | Add comment
Nexstar Raises Quarterly Dividend By 26.7%
TVNewsCheck, Jan 30, 2015, 7:21 AM EST

The TV station group declares a quarterly cash dividend of $0.19 per share. Full Story | Add comment

Nexstar Extends Sook’s Contract Into 2019
TVNewsCheck, Jan 29, 2015, 5:13 PM EST
Perry Sook will continue as president-CEO of the television station group he founded in 1996 through January 2019 with this new contract. Full Story | Add comment
Nexstar To Offer $250 Million Of Senior Notes
TVNewsCheck, Jan 21, 2015, 11:06 AM EST
Nexstar Broadcasting Group announced today that it intends to offer, subject to market and other customary conditions, $250 million in new senior notes due 2022 in a private offering. Nexstar said it intends to use the proceeds to fund the proposed acquisitions of three television stations in three markets from Landmark Television and Landmark Media Enterprises; Meredith Corp. and Sagamore Hill; and Pappas Telecasting, to pay related fees and expenses and for general corporate purposes. | Add comment
Nexstar And Charter Reach Retrans Deal
TVNewsCheck, Jan 1, 2015, 1:50 AM EST
Nexstar Broadcasting Group announced Thursday that it signed a new distribution agreement with Charter Communications before the expiration of the prior contract at 11:59 p.m. ET on Dec. 31, enabling Charter subscribers in 15 markets to enjoy uninterrupted access to network, local news and other programming. | Add comment
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Down To Retrans Wire For Nexstar In Utah
Elko Daily Free Press, Dec 29, 2014, 3:48 PM EST
Negotiations have slowed between Satview Broadband Ltd, which provides cable, Internet and phone services to parts of Northern Nevada, and Nexstar Broadcasting, which owns ABC affiliate KTVX and CW affil KUCW. The two parties face a Dec. 31 deadline. Link | Add comment
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WOI News Gets Overhaul Beginning In Jan.
The Des Moines Register, Dec 16, 2014, 2:19 PM EST
You'll see new anchors, a new set and a new slogan when you tune into ABC affiliate WOI Des Moines, Iowa, next month. The revamped broadcast is the result of a promise from new owner Nexstar Broadcasting Group to invest in the station, which has consistently finished a distant third in the ratings behind KCCI and WHO. Link | Comments (2)
Nexstar And NBC Sign Affiliation Contract
TVNewsCheck, Dec 15, 2014, 8:44 AM EST
The new agreement extends deals for the 16 NBC affiliates owned or operated by Nexstar. Full Story | Add comment
Nexstar In Third Extension Of Dish Talks
TVNewsCheck, Dec 8, 2014, 9:28 PM EST
It agrees to continue negotiating a new distribution agreement with the satellite service covering its 60 stations until 11:59 p.m. ET on Wednesday, Dec. 10. Full Story | Add comment
Nexstar: Dish Subs May Lose Stations Friday
TVNewsCheck, Dec 4, 2014, 7:31 PM EST

Sixty stations are potentially affected as the station group and satellite distributor have yet to reach a new distribution agreement. Full Story | Comments (3)

Dma 41
Nexstar Buying KLAS Las Vegas For $145M
TVNewsCheck, Nov 21, 2014, 7:16 AM EST
The purchase of the CBS affiliate from Landmark Media Enterprises will boost Nexstar’s holdings to 110 stations with coverage of 18% of U.S. TV households. Full Story | Add comment
Quarterly report
Nexstar 3Q Net Revenue Climbs 25%
TVNewsCheck, Nov 7, 2014, 7:28 AM EST
The boost to $154.7 million is driven by increases in every area except national, with big percentage gains from political, digital and retrans. Full Story | Add comment
At Last, FCC OKs Nexstar Buy Of Grant TVs
TVNewsCheck, Nov 3, 2014, 9:41 AM EST

It took over a year, but the agency finally approved Nexstar's $87.5 million acquisition of seven Grant stations with one being spun off to minority-owned Marshall Broadcasting. Marshall will own and operate KLJB Quad Cities-Davenport, Iowa, with the help of sales and shared services agreements with Nexstar. Full Story | Comments (5)

Dma 11
Nexstar Buying KASW Phoenix For $68M
TVNewsCheck, Oct 23, 2014, 7:25 AM EDT
The deal for the CW affiliate is a result of Meredith agreeing to spin off the station after buying it along with KTVK from Gannett in June. Full Story | Comments (6)
Sinclair, Nexstar Tops In Spectrum Worth
TVNewsCheck, Oct 3, 2014, 5:44 AM EDT
An analysis from Wells Fargo's Marci Ryvicker says that Sinclair, Nexstar and Media General have the highest median spectrum values as a percentage of enterprise value at 52%, 49% and 27%, respectively. Full Story | Comments (9)
Quarterly report
Nexstar 2Q Net Revenue Up 16.4%
TVNewsCheck, Aug 7, 2014, 7:23 AM EDT
The record revenue of $146.9 million is driven by increases in every area except national, with big percentage gains from political, digital and retrans. Full Story | Add comment
dma 104 (Evansville, IN)
Nexstar Selling WEVV For $18.6 Million
TVNewsCheck, Aug 4, 2014, 6:36 PM EDT
The CBS affiliate in Evansville, Ind., is being purchased by minority-led Bayou City Broadcasting Evansville. The sale brings Nexstar’s Communications Corp. of America station purchases into compliance with DOJ criteria. Full Story | Add comment
Nexstar Elects C. Thomas McMillen To Board
TVNewsCheck, Jun 23, 2014, 2:13 PM EDT
dmas 154 & 185
Nexstar Completes Buy Of 5 Hoak/Gray TVs
TVNewsCheck, Jun 13, 2014, 5:17 PM EDT
Spun off from Gray's purchase of Hoak Media, the three stations and two satellites are the group’s first in Panama City, Fla., and Grand Junction, Colo. Nexstar got them for $33.5 million.   Full Story | Add comment
dmas 82, 100 & 150
Nexstar Selling 3 Fox Affils For $58.5 Million
TVNewsCheck, Jun 6, 2014, 12:04 PM EDT
Minority-owned Marshall Broadcasting Group, headed by Pluria Marshall, will launch new local news and sports programming at the Fox affiliates in Shreveport, La.; Odessa-Midland, Texas; and KLJB Quad Cities, Iowa, as well as minority oriented public affairs programming. Full Story | Comments (5)
Nexstar Buying Enterprise Technology Group
TVNewsCheck, May 19, 2014, 2:14 PM EDT
CEO Perry Sook says the addition of the cloud-based CMS services company is part of Nexstar’s “plan to strategically invest in and expand our digital media portfolio to serve a broad range of businesses and needs.” Full Story | Add comment
Air Check by Diana Marszalek
Making Bigger Better For Nexstar's News
TVNewsCheck, May 13, 2014, 11:07 AM EDT
One of two local content directors at the station group, Jerry Walsh has been actively involved in Nexstar's $78 million news expansion and improvement push. While there are advantages to having the deep pockets of a large company — resources and station collaboration, among them — he says it's vital to think local and realize that no two newsrooms are alike. (To read NetNewsCheck’s Monday interview with Nexstar’s chief digital officer, Thomas O’Brien, click here.) Full Story | Comments (6)
Q&A with Thomas O'Brien
Video, Mobile Top Digital Priorities At Nexstar
NetNewsCheck, May 12, 2014, 7:29 AM EDT
Nexstar Broadcasting is working on a new platform aimed at boosting video views across all 45 of its local websites. Other priorities, according to Thomas O’Brien, EVP of digital media and chief revenue officer, include capitalizing on an increasingly mobile online audience and building a digital agency business with the help of newly acquired Internet Broadcasting Systems. Link | Add comment
Quarterly report
Nexstar 1Q Net Rev Up 19% to Record $134M
TVNewsCheck, May 8, 2014, 7:22 AM EDT
Record core TV advertising, political and retransmission revenue drives record 1Q operating income of $27.7 million. Full Story | Add comment
Nexstar To Issue Quarterly Cash Dividend
TVNewsCheck, Apr 25, 2014, 7:17 AM EDT
Nexstar Broadcasting Group’s board of directors today declared a quarterly cash dividend of $0.15 per share of its Class A common stock. The dividend is payable on Friday, May 30, to shareholders of record on Friday, May 16. | Add comment
Nexstar Promotes Two To Financial VPs
TVNewsCheck, Mar 31, 2014, 8:46 AM EDT
Patrick J. Cusick becomes VP, controller and D. Randall Bradford is now VP of financial operations. Full Story | Add comment
Nexstar Buys Internet Broadcasting Systems
TVNewsCheck, Mar 13, 2014, 7:57 AM EDT
The television station group is paying $20 million to acquire the digital services provider. Its products include websites, a digital publishing platform, original and syndicated content, as well as one of the largest digital advertising agencies. Full Story | Add comment
Nexstar Names Dir. Of Local Content In East
TVNewsCheck, Mar 2, 2014, 11:06 AM EST
Former news director Christopher Berg will to lead cross-platform content development in Nexstar’s West region markets. Jerry Walsh has the same responsibilities for the company’s Eastern markets. Full Story | Add comment
Air Check by Paul Greeley
WROC's Google Eye View Of The Super Bowl
TVNewsCheck, Feb 4, 2014, 11:15 AM EST
Kucko with Google Glass
WROC sports anchor John Kucko not only covers the big games for his Rochester, N.Y. CBS affiliate, he’s the go-to guy for many of parent Nexstar Broadcasting Group’s other stations across the country. For the Super Bowl this year he gave the 26 other stations something extra and cutting edge: views of the event through the new Google Glass technology. Full Story | Add comment
Nexstar Increases Quarterly Dividend By 25%
TVNewsCheck, Jan 17, 2014, 8:19 AM EST
It will pay out $0.15 per share on Feb. 28. CEO Perry Sook says: “The dividend increase highlights our commitment to deliver value to our shareholders while leaving the company with sufficient liquidity to meaningfully reduce leverage, consider additional accretive station acquisitions and undertake other initiatives to enhance long-term shareholder value.” Full Story | Add comment
Nexstar Moves Its Corporate Headquarters
TVNewsCheck, Jan 2, 2014, 2:19 PM EST
CEO Perry Sook says the new Irving, Texas, corporate offices "provide Nexstar with economic and operational benefits as well as capacity for continued growth as we seek to further expand our local marketing solutions platform of leading broadcast and digital media assets.”   Full Story | Comments (1)
dma 157
TWC, ACA Fighting Mission’s Binghamton Buy
TVNewsCheck, Nov 21, 2013, 9:19 PM EST
The cable operator and trade group ask the FCC to reject Mission's $15.25 million purchase of Stainless Broadcasting’s two Binghamton, N.Y., stations, claiming that Nexstar Broadcasting will end up with “de facto control over three of the Big Four broadcast signals and four of the six national broadcast network affiliates” in the market. Full Story | Comments (1)
DMAs 41, 66, 71 & 128
Nexstar To Pay $87.5M For 7 Grant Stations
TVNewsCheck, Nov 6, 2013, 4:58 PM EST
The price tag for seven Fox and CW affiliates in four markets — Roanoke, Huntsville, Quad Cities and La Crosse — represents a buyer's muliple of just 5X, says Nexstar. With the deal, Nexstar's portfolio swells to 102 stations in 54 markets reaching approximately 15.5% of all U.S. TV homes. Full Story | Comments (6)
Quarterly report
Nexstar’s 3Q Net Rev Up 40% To $126M
TVNewsCheck, Nov 5, 2013, 7:38 AM EST
The expanding group’s core revenue growth of 44% was supplemented by a 69.4% rise in retrans as well as a 124% jump in digital media revenue. Full Story | Comments (1)
William Sally To Lead Nexstar's East Region
TVNewsCheck, Sep 17, 2013, 11:45 AM EDT
He will oversee Nexstar markets in Pennsylvania, New York, Vermont, Indiana, Alabama and Maryland with have direct responsibility for those markets’ general managers, Full Story | Comments (1)
Nexstar Offering $275 Million In Senior Notes
TVNewsCheck, Sep 17, 2013, 8:02 AM EDT
It intends to fund yesterday’s announced purchase of five stations from Citadel Communications and Stainless Broadcasting and to repurchase outstanding 8.875% senior secured second lien notes due in 2017. Full Story | Comments (2)
dmas 72, 99, 147 & 157
Nexstar, Mission Buying 5 Stations For $103M
TVNewsCheck, Sep 16, 2013, 3:29 PM EDT
Nexstar will acquire WOI Des Moines, Iowa; WHBF Rock Island, Ill., and KCAU Sioux City, Iowa, from Citadel Communications for $88 million and will operate them under a time brokerage agreement. Mission is buying WICZ and WBNP-LP Binghamton, N.Y., from Stainless Broadcasting for $15.25 million in a transaction structured as an asset purchase agreement. Full Story | Comments (10)
earnings call
Sook: Nexstar’s Working On Two Deals
TVNewsCheck, Aug 7, 2013, 12:47 PM EDT
"The acquisitions we have pending would get into the relatively low nine-figure amount," the Nexstar CEO told analysts today. One of those pending deals may be for Granite Broadcasting Corp.'s 10 stations, which include an independent in San Francisco (DMA 6) and an unaffiliated in Detroit (DMA 11). Full Story | Comments (16)
Market Share By Paul Greeley
Nexstar Gives Memphis A Complete Overhaul
TVNewsCheck, Aug 5, 2013, 5:44 AM EDT
After it bought the market's ABC affiliate WPTY, Nexstar brought in Ardy Diercks as GM with the mandate to change everything. She did, starting with new call letters, WATN, a new brand, a new building, a new news set and different graphics and music to complement it all. Oh, and a new news director, Lisa Lovell, charged with shifting the emphasis toward investigative reporting, health lifestyle and more local coverage. Here's how the whole package is being presented. Full Story | Comments (3)
Nexstar Declares Quarterly Cash Dividend
TVNewsCheck, Jul 26, 2013, 7:17 AM EDT
Nexstar Broadcasting Group announced today that its board of directors declared a quarterly cash dividend of 12 cents per share of its Class A common stock. The dividend is payable on Friday, Aug. 30, to shareholders of record on Friday, Aug. 16. | Comments (1)
What If Sinclair And Nexstar Decide To Merge?
TVNewsCheck, Jul 16, 2013, 5:08 PM EDT
With new mega-media deals being announced every few weeks, TVNewsCheck's Price Colman speculates on how a combination of those two big players might come about and what it could look like. Full Story | Comments (12)
Planets Align For Station Trading Tsunami
TVNewsCheck, Jun 21, 2013, 12:17 AM EDT
As one industry observer puts it: "If you're not looking to merge or acquire, you're a bonehead dinosaur. Everybody should be on the block. If you bought assets to eventually sell, now is the time to sell." Among the station groups in play are Local TV LLC/FoxCo’s 21 stations; Allbritton; Grant Communications; and Granite Broadcasting. Possible buyers include Sinclair, Nexstar, Fox, Raycom, LIN and ABC. Full Story | Comments (11)
Nexstar Taps Syndicaster For Online Video
NetNewsCheck, Jun 3, 2013, 8:05 AM EDT
The broadcaster will roll out the Syndicaster platform for online video at its 61 television station in 41 markets. The move is a sign that Nexstar plans to be more aggressive with digital video. “They’re looking at live streaming original content that they’re not putting on TV,” says Ion Puspurica of Critical Media. Link | Comments (1)
dma 55
Nexstar Putting Fresno Duo Under One Roof
Fresno Bee, May 28, 2013, 7:33 AM EDT
For 60 years, KSEE and KGPE have competed inFresno, Calif. Now, after a pair of deals by Nexstar Broadcasting Group, the two TV stations have one owner and, by fall, will work under one roof. Construction work will soon begin at the KSEE facility to build new sets — equipped with high-definition equipment — for both stations. Link | Comments (1)
Media Financial Management Association Conference
Sook: Algorithms Can’t Serve Local Markets
NetNewsCheck, May 22, 2013, 1:25 PM EDT
Perry Sook, chairman and CEO of Nexstar Broadcasting Group, told attendees at the Media Financial Management Association’s conference in New Orleans today that local media companies' local nature is their greatest weapon in their battle against the Googles and Yahoos of the world. “Local markets cannot be effectively served by an algorithm,” he says. Link | Comments (3)
dma 49
Nexstar Opening New Memphis Facility
TVNewsCheck/Playout, May 3, 2013, 10:54 AM EDT
The station group plans to open a 27,000-square-foot broadcasting and news facility on June 1, which will broadcast WPTY-WLMT Memphis and WJKT Jackson, Tenn., in high definition. Link | Comments (2)
Nexstar’s Sook To Keynote MFM Conference
TVNewsCheck, Apr 25, 2013, 10:54 AM EDT
Nexstar, Mission Buy 19 Stations For $270M
TVNewsCheck, Apr 24, 2013, 5:25 PM EDT
The $270 million deal comprises the 19 stations of Communications Corp. of America and White Knight Broadcasting. Nexstar gets 11, Mission gets eight. Full Story | Add comment
DMA 143 (Wichita Falls, TX-Lawton, OK)
Nexstar Goes With JVC Cams At KFDX-KJTL
TVNewsCheck, Apr 1, 2013, 2:53 PM EDT
The broadcaster is replacing Panasonic P2 shoulder-mount cameras at its Wichita Falls, Texas-Lawton, Okla., duopoly of KFDX-KJTL with JVC GY-HM650 ProHD camcorders. Full Story | Add comment
DMA 143 (Wichita Falls, TX-Lawton, OK)
Nexstar Goes With JVC for ENG Cameras
TVNewsCheck, Apr 1, 2013, 2:20 PM EDT
Nexstar Poised To Buy CCA Stations
TVNewsCheck, Mar 22, 2013, 5:14 PM EDT
It’s signed a letter of intent and is conducting due diligence on CCA properties encompassing 12 stations in smaller markets. The deal would boost Nexstar’s portfolio to about 84 stations. In other TV group news, Local TV LLC has put itself up for sale. Full Story | Comments (3)
Nexstar Names Dione Rigsby Technology VP
TVNewsCheck, Mar 11, 2013, 12:41 PM EDT
He will be responsible for overseeing Nexstar’s engineering operations, information technology infrastructure, as well as the integration of Inergize Digital Media into the company’s technology platform. Full Story | Add comment
Quarterly report
Nexstar Rev. Climbs 35% In 4Q, 24% For Year
TVNewsCheck, Mar 7, 2013, 7:40 AM EST
The group’s core fourth quarter revenue growth of 8.8% benefited from a 12% rise in auto advertising and was complemented by a 55.9% rise in retransmission fee revenue and 24.9% increase in digital revenue. Full Story | Add comment
dma 97 (Burlington, VT-Plattsburgh, NY)
Nexstar, Mission Complete Burlington Buy
TVNewsCheck, Mar 4, 2013, 7:33 PM EST
The $16.9 million purchase of WFFF and WVNY announced last year has closed. Full Story | Add comment
Dma 109
Ft. Wayne Fox Affiliation Returns To WFFT
TVNewsCheck, Feb 6, 2013, 4:18 PM EST
The Nexstar independent station — and the market’s former Fox affil — is back as the market’s Fox home on March 1. The move comes following a settlement of an antitrust lawsuit between Nexstar and Granite Broadcasting, owner of NBC affil WISE, which has been carrying Fox on a subchannel since 2011. Full Story | Comments (1)
Dma 55
Nexstar Buying KSEE Fresno for $26.5M
TVNewsCheck, Feb 6, 2013, 3:55 PM EST
It’s buying the NBC affiliate from Granite Broadcasting and will run it under a TBA while awaiting FCC approval. Nexstar already owns the market’s CBS affiliate, KGPE. Full Story | Comments (4)
Nexstar Institutes Quarterly Cash Dividend
TVNewsCheck, Jan 25, 2013, 7:55 AM EST
Dma 56
Mission Closes On Little Rock Duo
TVNewsCheck, Jan 3, 2013, 7:23 PM EST
The $60 million purchase of KLRT and KASN is completed and management of the Fox and CW affiliates is being overseen by Nexstar Broadcasting through an outsourcing agreement. Full Story | Add comment
DMA 33
Nexstar Makes Layoffs In Salt Lake City
Salt Lake Tribune, Dec 19, 2012, 5:53 PM EST
The new owner of KTVX (ABC) and KUCW (CW) is making significant cuts to the staff of the Salt Lake City duopoly. Brian Jones, co-COO and EVP of Nexstar Broadcasting Group, didn't provide specifics about which staff members or how many were laid off, except to confirm that he will be hiring a new station manager to replace Matt Jaquint. Link | Comments (1)
Sinclair, Nexstar In Running For Barrington
TVNewsCheck, Nov 29, 2012, 8:08 AM EST
Multiple sources say Barrington Broadcasting's 24 stations in 15 markets are for sale and that Sinclair and Nexstar are finalists among the bidders. Full Story | Comments (3)
Earnings call
Nexstar Still On The Hunt For Acquisitions
TVNewsCheck, Nov 6, 2012, 11:32 AM EST
After announcing yesterday that his company is adding five stations to its portfolio, Nexstar President Perry Sook today said that having recently refinanced its balance sheet with both a new senior loan package and a bond sale, the company now enjoys a lower cost of capital and additional flexibility. “Which allows us to more efficiently look at acquiring other stations in similarly accretive transactions,” he told analysts. Full Story | Comments (1)
Quarterly report
Nexstar 3Q Revenue Climbs 20.2%
TVNewsCheck, Nov 6, 2012, 7:28 AM EST
Political revenue of $10.5 million and solid increases in core local and national ad dollars plus a 54% gain in retans pushes net revenue to almost $90 million. Full Story | Add comment
Nexstar Extends CBS Affiliation Deals
TVNewsCheck, Sep 10, 2012, 8:23 AM EDT
New agreements extend the affiliations for nine of  the 11 CBS affiliates that Nexstar owns or operates. The agreements are good through the end of 2018. Full Story | Add comment
Quarterly report
Nexstar 2Q Rev Up 17.7% To Record $89M
TVNewsCheck, Aug 7, 2012, 7:36 AM EDT
Net revenue growth drives record 2Q operating income of $23.5 million, adjusted EBITDA of $34.5 million, and free cash flow of $19.3 million. Double-digit gains in political and retrans help power the results. Full Story | Add comment
TVNewsCheck Focus on Stations
Stations, Buyers Adjust To A Reset Ft. Wayne
TVNewsCheck, Aug 1, 2012, 8:36 AM EDT
The fallout from the year-ago upheaval in affiliations in the 109th TV market depends on whom you talk to. NBC affil WISE is thrilled with the increase in sports programming it's gotten from adding Fox on a subchannel, while WFFT, now an independent, says its Rentrak numbers are strong and tracking up. But Nielsen numbers and local ad buyers paint a somewhat different story. Full Story | Comments (3)
WSJ: Newport Goes To Nexstar, Cox, Sinclair
TVNewsCheck, Jul 18, 2012, 6:06 AM EDT
Providence Equity Partners LLC is close to a deal to sell the bulk of its portfolio of Newport Television stations to three broadcasting companies for a total of just over $1 billion, according to people familiar with the matter, the Wall Street Journal is reporting. Nexstar plans to buy the bulk of the 24 stations.  Full Story | Comments (2)
Nexstar Drawn Into Hearst-TWC Retrans Fray
Adweek, Jul 11, 2012, 6:11 AM EDT
The retrans standoff between Hearst Television and Time Warner Cable is about to become a three-way fight over the out-of-market TV stations TWC is importing to replace some of the Hearst stations it was forced to black out. TWC picked up three stations owned by Nexstar Broadcasting and Nexstar doesn't like it. Link | Comments (2)
Quarterly report
Nexstar 1Q Rev Up 19.6% To Record $83.6M
TVNewsCheck, May 8, 2012, 7:16 AM EDT
Record core TV advertising, e-Media and retransmission revenue drives record first quarter operating income of $17.5 million and free cash of $12.7 million. Full Story | Comments (1)
DMAS 56, 83, 101 & 137
Nexstar Launches Statewide Ark. Newscast
TVNewsCheck, Apr 2, 2012, 10:13 AM EDT
News teams from the company's NBC Affiliates in Little Rock, Fayetteville, El Dorado and Texarkana collaborate to bring viewers local news, weather, sports, health and lifestyle programming weekdays at noon. Full Story | Comments (5)
Quarterly report
Nexstar Posts 6.4% Gain In 4Q Core Revenue
TVNewsCheck, Mar 8, 2012, 7:38 AM EST
Increases in local, national and retrans money push non-political revenue to $67.3 million. Full Story | Add comment
Dma 104
Nexstar Names Arika Zink GM In Evansville
TVNewsCheck, Feb 23, 2012, 12:14 PM EST
The former GM of Four Points stations in West Palm Beach is succeeding the retiring Mike Smith as head of WEHT and WTVW. Full Story | Comments (1)
S&P Keeps Nexstar On CreditWatch
TVBR, Feb 17, 2012, 6:16 AM EST
There's been no public movement on Nexstar Broadcasting Group's effort to sell itself, but Standard & Poor's says the TV company will remain on its CreditWatch list. S&P said: "We believe that a sale of the company, if pursued, could re-leverage the balance sheet and cause deterioration in Nexstar's financial risk profile, especially if the new owner is a financial investor." Link | Add comment
Dma 83
Mark McKay Named KTAL Shreveport GM
TVNewsCheck, Feb 14, 2012, 10:45 AM EST
Nexstar moves him from head of its Amarillo, Texas trio to run its Louisiana NBC affiliate. Full Story | Comments (2)
Dma 54 (Wilkes-Barre/Scranton, PA)
Nexstar Names Robert Bee WBRE-WYOU GM
TVNewsCheck, Jan 13, 2012, 11:42 AM EST
The Pennsylvania broadcast veteran will lead the Wilkes-Barre/Scranton, Pa., NBC-CBS duopoly and their associated e-media and digital operations. Full Story | Comments (3)
Nexstar Names Rick Rogala SVP of Sales
TVNewsCheck, Dec 5, 2011, 4:17 PM EST
The 30-year broadcasting veteran will oversee strategic sales planning and execution regionally and company-wide. Full Story | Comments (1)
Quarterly report
Good 3Q For Nexstar: Revenue Rises 2.3%
TVNewsCheck, Nov 8, 2011, 7:27 AM EST
Strong increases in local and national core revenue as well as retrans and e-Media money overcame the loss of political ad revenue compared to last year’s quarter. Full Story | Add comment
Walsh To Head Nexstar Local Content Push
TVNewsCheck, Oct 11, 2011, 12:53 PM EDT
Former news director-photojournalist-producer Jerry Walsh is charged with creating cross-platform content for the group’s stations, 35 community websites and mobile applications.- Full Story | Comments (1)
Dma 152
Nexstar’s New Calls, Net. Set In Terre Haute
TVNewsCheck, Aug 22, 2011, 10:26 AM EDT
WFXW, the Mission-owned, Nexstar-run Terre Haute, Ind., former Fox affiliate, becomes WAWV and brings ABC back to the market after 16 years on Sept. 1. Full Story | Add comment
Quarterly report
Nexstar 2Q Rev. Up 1.3% To Record $75.5M
TVNewsCheck, Aug 9, 2011, 7:20 AM EDT
Factoring out political, the increase jumps to 6.9%. The increases are led by a 4.3% gain in core advertising and double-digit increases in retrans, e-media and trade and barter. Full Story | Add comment
Dma 103
Nexstar Swapping Fox For ABC In Evansville
TVNewsCheck, Aug 8, 2011, 5:05 PM EDT
Nexstar is paying $18.5 million for Gilmore’s ABC affiliate WEHT and is selling its one-time Fox affiliate WTVW to Mission Broadcasting for $6.7 million while continuing to operate it under a local services agreement. WTVW lost its Fox affiliation because of Nexstar's running battle with the network over reverse compensation. Full Story | Comments (5)
Private Equity Firms Eyeing Nexstar
TVNewsCheck, Aug 4, 2011, 5:44 AM EDT
Oak Hill Capital Partners and TPG — or possibly a combination of the two — have emerged as the top candidates to buy out Nexstar majority owner ABRY, a Boston-based private equity firm. However, virtually all private equity firms with broadcast interests are likely giving the Nexstar deal a look. Full Story | Comments (2)
Dma 107
Nexstar Files Antitrust Suit Against Granite
TVNewsCheck, Jul 25, 2011, 4:39 PM EDT
Nexstar claims Granite’s WISE Fort Wayne Ind., is attempting to monopolize ad sales in the market through its shared services agreement with Malara's WPTA and control of the local ad sales of three of the Big Four networks, plus MNT and the CW. Full Story | Comments (9)
Nexstar Puts Itself Up For Possible Sale
TVNewsCheck, Jul 21, 2011, 7:17 AM EDT
Nexstar Broadcasting Group plans to explore strategic alternatives, including a sale. The Wall Street Journal says the station group could go for $1 billion. Moelis & Co. has been retained as financial adviser and Kirkland & Ellis as legal counsel. Full Story | Comments (7)
TVNewsCheck Focus on Business
McGraw-Hill Sale Could Fetch $200 Million
TVNewsCheck, Jul 20, 2011, 8:29 AM EDT
McGraw-Hill has begun shopping its four-station group and is said to be drawing interest from the likes of Nexstar, Meredith and Belo. Based on its financials for 2010 and 2011, the group is worth between $150 million and $200 million, although bidding and the expection of big revenue gains from political advertising in 2012 could push the number higher. Full Story | Comments (1)
DMA 107
WFFT Ft. Wayne Unveils Post-Fox Lineup
Jul 19, 2011, 8:23 AM EDT
WFFT, which will go independent on Aug. 1 after failing to renew its Fox affiliation, will replace the Fox primetime programming with Extra!, The Insider and, beginning this fall, back-to-back airings of The Big Bang Theory. It's also adding a half hour of late news and promising full HD news by October. Full Story | Comments (4)
Nexstar Acquires Internet Tech, Data Provider
TVNewsCheck, Jul 14, 2011, 7:40 AM EDT has been providing local business directory, coupon, movie and entertainment listings to all 35 of Nexstar’s local portal websites. Nexstar plans to market its services to other local media. The terms were not disclosed. Full Story | Add comment
Bounce Gets Boost From Nexstar Stations
B&C, Jun 6, 2011, 9:24 PM EDT
Nexstar Broadcasting Group has agreed to carry Bounce TV, the new digital over-the-air network aimed at African-American viewers. Bounce, backed by a group led by Martin Luther King III and Ambassador Andrew Young, and announced in April, has already signed carriage deals that will put it in markets representing 32% of the country when it launches in the fall. Link | Add comment
DMA 148
Fund Started To Aid Nexstar Tornado Victims
TVNewsCheck, May 24, 2011, 2:41 PM EDT
Nexstar Broadcasting has started a fund to assist employees of its KODE-KSNF Joplin, Mo., who lost homes or were injured seeded with a $10,000 contribution from CEO Perry Sook and CFO Tom Cater. Employees and others are invited to contribute Full Story | Add comment
DMAs 39 & 179
WFRV-WJMN's Perry Kidder Calling It Quits
TVNewsCheck, May 20, 2011, 6:40 PM EDT
The longtime GM of the CBS affiliates in Green Bay, Wis., and Marquette, Mich., is retiring upon the completion of the sale of the stations this summer to Nexstar Broadcasting. Nexstar announced it was buying the stations from Liberty Media last month for $20 million. Full Story | Comments (4)
Jessell at Large
Fox Right, Wrong In Affiliates Retrans Fight
TVNewsCheck, May 13, 2011, 3:03 PM EDT
Although I’ve been critical of Fox’s tactics, I agree fundamentally with what it is trying to achieve. If the Big Four are going to survive and prosper, they are going to have to keep pushing up the revenue they derive from retrans, directly through O&Os and indirectly through their affiliates. But Fox needs to recognize that every affiliate is different. If Fox is determined to negotiate with each station group individually, it should treat them as individuals, tailoring their demands to reflect each group financial situation. Insisting that each coughs up the same fee as if every business were the same makes no sense. Full Story | Comments (4)
Earnings call
Nexstar’s Fox Retrans Talks Still In Neutral
TVNewsCheck, May 11, 2011, 12:38 PM EDT
The group owner’s CEO Perry Sook says nothing has changed in negotiations over the network’s hard-line stance on sharing station retrans revenue. Full Story | Comments (3)
Quarterly report
Nexstar 1Q Revenue Increases 2%
TVNewsCheck, May 11, 2011, 8:33 AM EDT
Big drops in political revenue and network comp from the year-ago quarter are offset by gains in core revenue, retrans and e-Media money. Full Story | Add comment
S&P Gives BB Issue-Level Rating To Nexstar Loan
Reuters, Apr 13, 2011, 6:16 AM EDT
DMAs 71 & 179
Nexstar Buys Two CBS Affils For $20 Million
TVNewsCheck, Apr 7, 2011, 7:48 AM EDT
The Dallas-based station group is adding WFRV Green Bay-Appleton, Wis., and WJMN Marquette, Mich., to its already bulging station portfolio. CBS Perry Sook says the price is less than five times projected 2010-11 cash flow, which he believes he can grow by being more agressive on retrans and through "synergistic operating improvements." Full Story | Comments (3)
Nexstar, Mission Set Registered Exchange Offer
Nexstar, Jan 19, 2011, 6:59 PM EST
dma 116
Nexstar Taps Bates To Run Peoria
TVNewsCheck, Jan 4, 2011, 2:29 PM EST
Dan Bates, who's been interim GM of WMBD and WYZZ since last September, becomes VP-GM of the Illinois operation. Full Story | Comments (4)
Marketshare Blog Playout Blog

AP Breaking News




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Source: Nielsen


  • Rob Owen

    Easily fall’s best broadcast network comedy pilot, NBC’s The Good Place offers a clever high-concept premise that’s complemented with intelligent, sometimes absurdist humor. Created by Michael Schur, co-creator of NBC’s Parks and Recreation, The Good Place is a highly serialized series that’s essentially set in heaven and stars Kristen Bell and Ted Danson. NBC made five episodes of The Good Place available for review, and the show not only holds up, but also it improves, deepening characters that initially feel one-note and frequently leaving viewers guessing with cliffhanger endings to many of the episodes. The combination of snappy dialogue and winning but flawed characters makes The Good Place a great bet for fans of smart TV comedy.

  • Maureen Ryan

    Pitch has swagger, for good reason. It gets the big things right; the Fox drama about the first female baseball player in the Major Leagues is one of the year’s most assured and exciting debuts. But part of what impresses about the pilot is also the way it confidently strings together so many small but telling details. Ginny (Kylie Bunbury) is the first woman to be called up from the minors to the big leagues, and no show since Friday Night Lights has done a better job of portraying the internal and external pressures that weigh heavily on young athletes asked to do much more than merely succeed on the field. Pitch will likely do a good job of getting viewers to root for it. The hope is that the show won’t be an impressive, short-lived curiosity, but rather a long-term phenomenon.

  • Kevin Fallon

    In a fall TV season that’s already making a splash for championing diverse, distinctive voices in an array of projects that they created, wrote, and starred in, Better Things on FX stands out. The show is created by, written by, and starsPamela Adlon. She plays Sam Fox, the single mother of three daughters modeled after her own reality-show-ready experience raising three girls in Los Angeles following a divorce. Sam is also, like Adlon, a working actress — on shows both raunchy, a la Californication, and animated for children, like her role on Recess. It’s a refreshingly blunt take on single motherhood without sacrificing the warmth of parental love, portraying the dance between selfishness and selflessness that’s at the heart of being a parent — especially one weathering the hormonal fireworks of a household of four women at different ages.

  • David Wiegand

    The fall TV season doesn’t count as much as it used to — we already know that. But no matter how many retreads the broadcast networks throw at viewers in the next few months, this fall will be memorable because of the premiere of Atlanta on Tuesday, Sept. 6, on FX. The half-hour comedy created by and starring Donald Glover (Community), simply and brilliantly recalibrates our expectations of what a TV comedy is and how black lives are portrayed on the medium.

  • Louisa Ada Seltzer

    The second reboot of the 1980s John Candy movie Uncle Buck, bumped by ABC from midseason, has the same tired jokes you'll find on any second-rate sitcom. Too bad, because Mike Epps is appealing and ABC would be wise to keep him around for future shows, but there’s just not enough to this show to suggest it will last past summer. It also airs against NBC’s America’s Got Talent, summer’s No. 1 program on broadcast, which may make it even harder to find an audience.

  • Neil Genzlinger

    Bryan Cranston brings his Tony Award-winning interpretation of President Lyndon B. Johnson to television in an adaptation of the Robert Schenkkan play All the Way, and it’s still quite a sight to behold, just as it was on Broadway in 2014. Nothing beats witnessing this kind of larger-than-life portrayal onstage, of course. But the television version, presented by HBO, offers plenty of rewards, allowing Cranston to work the close-ups and liberating him from the confines of a theater set. Cranston’s performance is a gem — in his hands, this accidental president comes across as an amazing bundle of contradictions, someone who seems at once too vulgar for the job and just right for it.

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