Nexstar Media Group, Inc.

Nexstar Media Group, Inc. is an American multimedia conglomerate headquartered in Irving, Texas, with operational headquarters in Midtown Manhattan and an additional office in Chicago. Founded in 1996 by Perry A. Sook, it has grown to become the largest local television and digital media company in the United States. Its mission is "to create, produce, and distribute trusted news, sports, and entertainment programming that informs, entertains, engages, and inspires millions of people every day, while delivering exceptional value to our business partners and outstanding service to our communities."

The company operates 197 full-power television stations across 116 markets, reaching nearly 70% of U.S. television households. Nexstar's portfolio includes a 75% controlling stake in The CW Network and the national news network NewsNation. Beyond traditional broadcasting, it maintains a significant digital presence with 120 local websites and 284 mobile applications, offering comprehensive advertising solutions to businesses. Its audience segments range from local news viewers (primarily 35+) to younger sports and entertainment audiences via The CW (18-49) and centrist national news consumers on NewsNation.

Under the leadership of founder, chairman, and CEO Perry A. Sook, Nexstar Media Group recently solidified its market position with the FCC Media Bureau's approval on March 19, 2026, of its $6.2 billion acquisition of TEGNA Inc., expanding its reach to nearly 80% of U.S. households. The company continues to focus on a hybrid local-national broadcast platform, emphasizing premium local news, national news, and entertainment. In recent news, Nexstar declared a quarterly cash dividend of $1.86 per share on May 1, 2026, and The CW Network announced partnerships with ESPN and The Roku Channel in late April 2026 to expand streaming access for its sports and entertainment programming.