19 Facts About Nexstar Broadcasting

Nexstar Broadcasting Media Group, Inc is an American publicly traded media company with headquarter offices in Irving, Texas; Midtown Manhattan; and Chicago, Illinois.

Nexstar Broadcasting is the largest television station owner in the United States, owning 197 television stations across the U S, most of which are affiliates with the four "major" U S television networks, and MyNetworkTV.

Nexstar Broadcasting promptly fired two beloved anchors and laid off several long-term staff members.

Mission Broadcasting then paid Nexstar to operate and control the production and news-gathering operations while Mission kept the sales and management team.

In 1997, Nexstar acquired WJET-TV in Erie, Pennsylvania from Jet Broadcasting, for which it paid $18.

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In 1999, Nexstar bought out WROC-TV in Rochester, New York from Smith Broadcasting.

In 2006, Nexstar bought out WTAJ-TV and the licensee rights of WLYH-TV from SJL Broadcasting for $56 million.

In July 2012, Nexstar agreed to purchase 11 stations and Inergize Digital Media from Newport Television with two stations going to affiliate Mission Broadcasting.

Nexstar Broadcasting immediately took over the stations' operations through a time brokerage agreement.

In 2015, Nexstar Broadcasting sold off the licensee assets of WLYH-TV, the CW affiliate to Howard Stirk Holdings.

Nexstar Broadcasting's offer was seen by analysts as a maneuver to torpedo the merger of Media General with Meredith Corporation .

Nexstar Broadcasting had recently acquired competitor Inergize Digital through its purchase of assets from Newport Television, followed by Enterprise Technology Group, a spun-off joint venture between LIN Media and Fox Television Stations.

Nexstar Broadcasting took over the stations' non-license assets under a time brokerage agreement in December 2015 pending the formal completion of the deal, expected in late 2016.

Nexstar Broadcasting planned to divest some stations and "non-core" assets as part of the merger.

In spring 2019, Nexstar Broadcasting launched Border Report, a website focusing on news stories from the Mexico–United States border.

Nexstar Broadcasting stated that these divestitures would be used to help fund the sale and cover debt.

Nexstar Broadcasting accused Nexstar of using the divestiture of stations to a minority-owned broadcaster as a token to gain FCC approval for the associated acquisitions.

Nexstar Broadcasting made the transactions to pay down debt and consolidate operations in the Southeast.

The deal did not require regulatory approval, but had to perform financial closure conditions at the company's fiscal third quarter, i e by the start of October 2022, in order to complete the transaction; thus, Nexstar first took over operations of the network on August 15, with the transaction's full completion announced later on October 3.