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Nexstar Media Group Snapshot
Nexstar Media Group, Inc. is one of the world’s leading diversified media companies and is headquartered in Irving, Texas. In June 2018, Nexstar marked 22 years of excellence in local programming and service since Perry A. Sook, Chairman, President and CEO, founded the Company. Upon completion of its $4.6 billion acquisition of Media General in January 2017, Nexstar Broadcasting Group, Inc. was re-named Nexstar Media Group, Inc. Nexstar owns, operates, programs or provides sales and other services to 171 television stations and their related low power and digital multicast signals reaching 100 markets or approximately 38.7% of all U.S. television households. In 2015, (and prior to the acquisition of Media General), Nexstar generated record net revenue of $896 million, broadcast cash flow of $350 million, adjusted EBITDA of $305 million and free cash flow of $208 million.
