Nexstar Media Group, Inc. (NASDAQ: NXST) is America's largest local television broadcasting company, reaching 70% of U.S. television households across 116 markets with more than 200 owned or partner stations. Founded in 1996, the company has grown to employ over 13,000 professionals and generates $5.41 billion in annual net revenue. Nexstar produces and distributes over 317,000 hours of local and national news, sports, and entertainment programming annually, reaching approximately 220 million people.
The company operates a diversified portfolio of broadcast and digital properties. Its broadcast holdings include The CW Network, America's fifth major broadcast network; NewsNation, a national news network; Antenna TV and Rewind TV, which distribute classic and entertainment programming; and a 31.3% ownership stake in TV Food Network. Nexstar's digital presence includes local television station websites, The Hill, and NewsNationNow.com, which collectively rank among the top 10 U.S. digital news and information platforms.
Nexstar's business model extends beyond traditional broadcasting into advertising, multi-platform marketing services, and retransmission consent fee monetization - a revenue stream the company pioneered in 2005. The company maintains a significant presence in local news and information markets, positioning itself at the intersection of traditional broadcast television and digital media distribution across the United States.
