Welcome to our dedicated page for Nexstar Media Group news (Ticker: NXST), a resource for investors and traders seeking the latest updates and insights on Nexstar Media Group stock.
Nexstar Media Group, Inc. (NASDAQ: NXST) is the largest television station owner-operator in the United States, reaching approximately 68% of U.S. TV households. With over 200 television stations in 116 markets, Nexstar has grown significantly from a single station to a national powerhouse in just 20 years. The company owns and operates media assets such as NewsNation, America's fastest-growing national cable news network, and a 75% stake in The CW, one of the nation's leading broadcast networks.
Nexstar's portfolio also includes affiliations with major broadcast networks like CBS, Fox, NBC, and ABC, making it a top affiliate for these networks. The company also holds a 31% stake in the Food Network and the Cooking Channel, further diversifying its media reach. Nexstar's digital operations are expanding as well, offering comprehensive local news and information through platforms like The Hill and NewsNationNow.com.
Recent achievements include a multi-year extension of an agreement with Nielsen to provide Local and National TV measurement services across Nexstar's media businesses. This agreement will help Nexstar leverage Nielsen's comprehensive suite of digital and TV measurement solutions, providing accurate audience insights and data-driven measurement.
Nexstar is committed to delivering exceptional service and unique local content to the communities it serves. The company’s ability to engage local audiences and offer targeted advertising solutions makes it a valuable partner for businesses and advertisers. With a strong financial position and a diversified portfolio, Nexstar continues to be a leading force in the media industry, driving innovation and growth across its platforms.
Nexstar Media Group announced that its cable network WGN America will rebrand as NewsNation on March 1, expanding news programming to five hours on weeknights. New shows include NewsNation Early Edition and The Donlon Report, aimed at delivering fact-based news. NewsNationPrime will cover prime-time news from 8-10 p.m. ET. The rebranding reflects a commitment to unbiased journalism, enhancing the network's reach to over 75 million U.S. households and extending its news coverage. This change follows a recent expansion to an additional 8.5 million households.
Nexstar Media Group (Nasdaq: NXST) has launched a multi-year partnership with Feeding America, committing $2 million in air-time and financial support over three years to combat hunger across the U.S. This initiative is vital as food insecurity rates soar, with Feeding America serving 40 million individuals, including 12 million children. Nexstar's 198 television stations will air public service announcements during September, designated as Hunger Awareness Month. The partnership highlights Nexstar's commitment to community engagement and aims to raise awareness and volunteer efforts against food insecurity.
Nexstar Media Group, Inc. has appointed Jonathan Killian as Vice President of Creative Marketing and Brand Communications for WGN America, effective January 25. Previously at CNN International, Killian is set to spearhead a comprehensive brand marketing strategy for WGN America and oversee its promotions and marketing departments. His extensive experience includes leading major projects at CNNI and a strong background in media strategy. Nexstar aims to enhance its brand presence and journalism with Killian's expertise.
Nexstar Media Group (NXST) announced a multi-year agreement for WGN America to be available on Vidgo starting January 15, 2021. This partnership expands WGN America's reach by 8.5 million subscribers through five recent agreements with streaming services. Vidgo, launched in December 2019, has seen significant subscriber growth, allowing WGN America to enhance its audience for shows like NewsNation. President Sean Compton emphasized the strategic expansion of the network's reach.
COLUMBUS, Ohio, Jan. 7, 2021 /PRNewswire/ -- Four leading local TV stations in Columbus, WSYX, WCMH-TV, WWHO, and WTTE, launched NEXTGEN TV, an advanced digital broadcast technology. This upgrade facilitates features like 4K video, immersive audio, personalized tools, and advanced emergency alerts. Powered by ATSC 3.0, it aims to integrate with 5G and broadband services. The launch, coordinated by BitPath, ensures ongoing accessibility for all viewers. Rescan instructions for antenna users can be found at fcc.gov/rescan.
Nexstar Media Group (NASDAQ: NXST) will report its 2020 fourth quarter financial results on February 23, 2021, before the market opens. A conference call will be held at 9:00 a.m. ET the same day to discuss these results. Participants can join the call by dialing 323-794-2597 with conference ID 3115135 or access a live webcast on Nexstar's investor relations website. The company operates 198 television stations, providing services to 39% of U.S. television households, and has a significant digital presence with 122 local websites.
Nexstar Media Group announced that veteran journalist Ashleigh Banfield will host a new hour-long news and talk show titled “Banfield” on WGN America, debuting March 1 at 10 p.m. ET. The show aims to provide balanced reporting and feature interviews with newsmakers and celebrities. Additionally, WGN America will expand its programming and reach 8.5 million more households through new distribution agreements. This expansion aligns with Nexstar's strategy to enhance its news offerings and reach a broader audience.
Nexstar Media Group, Inc. (Nasdaq: NXST) has renewed NBC Television Network affiliations in 33 markets, comprising 29 Nexstar and 4 partner-owned stations. President Tom Carter highlighted the significance of NBC's quality programming, which includes popular shows and live sports, enhancing local news offerings. NBC's President of Affiliate Relations, Philip Martzolf, expressed satisfaction with the ongoing partnership. Nexstar operates 198 TV stations, reaching around 39% of U.S. TV households, and its multi-platform approach supports both local and national advertising.
Nexstar Media Group (Nasdaq: NXST) has finalized a multi-year distribution agreement with DISH Network, restoring access to its 164 local television stations and WGN America for over 5 million subscribers. The deal also includes the launch of WGN America on Sling TV in early 2021. This agreement follows more than 250 distribution deals completed in recent months, securing long-term visibility for retransmission and carriage fees covering 90% of Nexstar's footprint through 2022. Nexstar's services had been unavailable on DISH since December 2, causing inconvenience for viewers.
Nexstar Media Group (NASDAQ: NXST) has announced the launch of NEXTGEN TV, powered by ATSC 3.0, at its Denver local TV stations, KDVR-TV and KWGN-TV. This rollout marks Denver as the second top-20 market and the twelfth market overall to adopt this advanced digital broadcast technology in 2021. NEXTGEN TV promises enhanced viewing features, including better video quality, immersive audio, and mobile broadcasting. Nexstar plans to expand this technology to 32 more stations across 20 additional markets, ultimately reaching approximately 33% of U.S. households served by Nexstar.
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