Nexstar Media Group, Inc is an American publicly traded media company with headquarter offices in Irving, Texas; Midtown Manhattan; and Chicago, Illinois.
| FactSnippet No. 1,493,821 |
34 Facts About Nexstar Media
2.
Nexstar Media Group was founded as the Nexstar Broadcasting Group on June 17,1996, initially backed by ABRY Partners.
| FactSnippet No. 1,493,822 |
3.
Nexstar Media promptly fired two beloved anchors and laid off several long-term staff members.
| FactSnippet No. 1,493,823 |
4.
Mission Broadcasting then paid Nexstar Media to operate and control the production and news-gathering operations while Mission kept the sales and management team.
| FactSnippet No. 1,493,824 |
5.
In 1997, Nexstar Media acquired WJET-TV in Erie, Pennsylvania from Jet Broadcasting, for which it paid $18.
| FactSnippet No. 1,493,825 |
Related searches
Illinois Chicago Nexstar Broadcasting Pennsylvania Erie York MyNetworkTV Indiana CBS Granite Television Grant Broadcasting Fort Wayne St Joseph Internet Meredith Corporation KASW West Virginia Tegna Inc Tribune Media WPIX North Carolina Fox Television Charlotte WJZY WGN America Tribune Publishing The CW6.
On January 12,1998, Nexstar acquired three stations owned by the U S Broadcast Group, including KFDX-TV, KBTV-TV, and KSNF, for $64.
| FactSnippet No. 1,493,826 |
7.
In 1999, Nexstar Media bought out WROC-TV in Rochester, New York from Smith Broadcasting.
| FactSnippet No. 1,493,827 |
8.
In 2006, Nexstar Media bought out WTAJ-TV and the licensee rights of WLYH-TV from SJL Broadcasting for $56 million.
| FactSnippet No. 1,493,828 |
9.
On March 20,2009, Nexstar operated television stations that were owned by Four Points Media Group through an outsourcing agreement.
| FactSnippet No. 1,493,829 |
10.
Nexstar Media chose to drop Fox from WFXW in Terre Haute, Indiana and re-affiliate with ABC on September 1,2011 as part of a long-term renewal agreement between Nexstar Media and ABC for the group's nine existing ABC stations, reversing a 1995 switch that saw Terre Haute losing over-the-air carriage of ABC programs ; the Fox affiliation then moved to a digital subchannel of CBS affiliate WTHI-TV which added MyNetworkTV as a secondary affiliation.
| FactSnippet No. 1,493,830 |
11.
Nexstar Media's remaining Fox affiliates have since signed a renewal agreement through December 2013; In addition, following the settlement of Nexstar Media's antitrust lawsuit against WISE-TV's then-owner Granite Broadcasting, WFFT-TV reclaimed the Fox affiliation on March 1,2013.
| FactSnippet No. 1,493,831 |
12.
In July 2012, Nexstar agreed to purchase 11 stations and Inergize Digital Media from Newport Television with two stations going to affiliate Mission Broadcasting.
| FactSnippet No. 1,493,832 |
13.
On September 16,2013, Nexstar Media announced that it would acquire WOI-DT, KCAU-TV, and WHBF-TV from Citadel Communications for $88 million.
| FactSnippet No. 1,493,833 |
14.
On November 6,2013, Nexstar Media announced that it would purchase the Grant Broadcasting stations for $87.
| FactSnippet No. 1,493,834 |
15.
In 2015, Nexstar Media sold off the licensee assets of WLYH-TV, the CW affiliate to Howard Stirk Holdings.
| FactSnippet No. 1,493,835 |
16.
On September 28,2015, Nexstar announced that it presented an unsolicited offer to buy Media General for $4.
| FactSnippet No. 1,493,836 |
17.
On June 13,2016, Nexstar announced that it would sell WFFT in Fort Wayne, Indiana; KQTV in St Joseph, Missouri; KIMT in Rochester, Minnesota; WTHI-TV in Terre Haute; and WLFI in Lafayette, Indiana to Heartland Media, through its USA Television MidAmerica Holdings joint venture with MSouth Equity Partners, for $115 million.
| FactSnippet No. 1,493,837 |
18.
On March 13,2014, Nexstar Media announced that it would purchase Internet Broadcasting, for $20 million.
| FactSnippet No. 1,493,838 |
19.
On October 23,2014, Nexstar Media bought out KASW in Phoenix from SagamoreHill Broadcasting and Meredith Corporation, and it was completed on January 30,2015.
| FactSnippet No. 1,493,839 |
20.
On February 2,2015, Nexstar Media finalized its acquisition of Yashi, a location-focused, video-advertising and programmatic-technology company, for $33 million.
| FactSnippet No. 1,493,840 |
21.
On November 17,2015, Nexstar announced its intent to purchase West Virginia Media Holdings' stations for $130 million.
| FactSnippet No. 1,493,841 |
22.
On May 26,2017, it was reported by DealReporter that Nexstar Media might be considering a bid to acquire Tegna Inc, although such a deal would likely require significant divestments due to ownership conflicts and exceeding the ownership cap.
| FactSnippet No. 1,493,842 |
23.
On November 14,2018, after Tribune cancelled its proposed sale to Sinclair, it was reported that Nexstar Media was a leading bidder to acquire Tribune.
| FactSnippet No. 1,493,843 |
24.
On December 3,2018, Nexstar announced its intent to merge with Tribune Media for $6.
| FactSnippet No. 1,493,844 |
25.
Nexstar Media planned to divest some stations and "non-core" assets as part of the merger.
| FactSnippet No. 1,493,845 |
Related searches
Illinois Chicago Nexstar Broadcasting Pennsylvania Erie York MyNetworkTV Indiana CBS Granite Television Grant Broadcasting Fort Wayne St Joseph Internet Meredith Corporation KASW West Virginia Tegna Inc Tribune Media WPIX North Carolina Fox Television Charlotte WJZY WGN America Tribune Publishing The CW26.
In spring 2019, Nexstar Media launched Border Report, a website focusing on news stories from the Mexico–United States border.
| FactSnippet No. 1,493,846 |
28.
Nexstar Media stated that these divestitures would be used to help fund the sale and cover debt.
| FactSnippet No. 1,493,848 |
29.
On November 5,2019, it was announced that Nexstar Media would acquire Fox Television Stations-owned WJZY and MyNetworkTV outlet WMYT-TV in Charlotte, North Carolina for $45 million.
| FactSnippet No. 1,493,849 |
30.
Nexstar Media made the transactions to pay down debt and consolidate operations in the Southeast.
| FactSnippet No. 1,493,850 |
31.
On January 15,2020, Nexstar Media announced a national newscast called NewsNation on WGN America.
| FactSnippet No. 1,493,851 |
32.
On December 16,2020, Nexstar Media announced it was purchasing BestReviews from Tribune Publishing for $160 million.
| FactSnippet No. 1,493,852 |
34.
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.
| FactSnippet No. 1,493,854 |