Nexstar Media Group Overview

  • Founded
  • 1996
Founded
  • Status
  • Public
  • Employees
  • 16,193
Employees
  • Stock Symbol
  • NXST
Stock Symbol
  • Investments
  • 41
  • Share Price
  • $109.00
  • (As of Tuesday Closing)

Nexstar Media Group General Information

Description

Nexstar is the largest television station owner/operator in the United States, with 197 stations in 115 markets. Of its 197 full-power stations, 158 are affiliated with the four national broadcasters: CBS (50), Fox (43), NBC (35), and ABC (30). The 2019 merger with Tribune made Nexstar the top broadcast affiliate for both Fox and CBS as well as the number-two partner for NBC and number three for ABC. The firm now has networks in 15 of the top 20 television markets and reaches 69 million television households. Nexstar also owns WGN, a nationwide pay-television network, and a 31% stake in Food Network and Cooking Channel.

Contact Information

Website
Formerly Known As
Nexstar Broadcasting Group
Ownership Status
Publicly Held
Financing Status
Formerly PE-Backed
Primary Industry
Broadcasting, Radio and Television
Stock Exchange
NAS
Primary Office
  • 545 East John Carpenter Freeway
  • Suite 700
  • Irving, TX 75062
  • United States
+1 (972) 000-0000
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Nexstar Media Group Stock Performance

(As of Tuesday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$109.00 $105.25 $43.37 - $133.25 $4.8B 44M 409K $12.33

Nexstar Media Group Financials Summary

In Thousands,
USD
TTM 30-Sep-2020 FY 2019 31-Dec-2019 FY 2018 31-Dec-2018 FY 2017 31-Dec-2017
EV 11,467,688 13,888,136 7,686,659 7,826,968
Revenue 4,224,748 3,039,324 2,766,696 2,431,966
EBITDA 1,731,585 1,086,381 1,074,476 805,645
Net Income 560,406 230,259 389,477 474,997
Total Assets 13,290,502 13,989,737 7,062,030 7,481,647
Total Debt 7,916,974 8,492,588 3,981,003 4,362,460
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Nexstar Media Group Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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Nexstar Media Group Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last Financing Details
Nexstar is the largest television station owner/operator in the United States, with 197 stations in 115 markets. Of its
Broadcasting, Radio and Television
Irving, TX
16,193 As of 2019
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000000000000, 00000 000 0000000000
Philadelphia, PA
0000 As of 0000
00000
000000000 00000

00000000

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000000000000, 00000 000 0000000000
Hunt Valley, MD
00000 As of 0000
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Nexstar Media Group Competitors (5)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Entercom Communications Formerly PE-Backed Philadelphia, PA 0000 00000 000000000 00000
00000000 000000000 Corporation Hunt Valley, MD 00000 0000 000000000 0000
0000 0000000000 Corporation Atlanta, GA 0000 00.000 0000 00.000
000000000 Corporation New York, NY 00000 00000000
00000000 Formerly PE-Backed Des Moines, IA 0000 00.00 000000 - 000 00.00
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Nexstar Media Group Executive Team (22)

Name Title Board Seat Contact Info
Perry Sook Chief Executive Officer & Chairman
Gregory Raifman President
Timothy Busch President
Thomas Carter Chief Financial Officer, Finance & Chief Operating Officer, Operations
Brett Jenkins Chief Technology Officer, Technology & Executive Vice President
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Nexstar Media Group Board Members (12)

Name Representing Role Since
00000000 000000000 Nexstar Media Group Board Member 000 0000
000 00000000 Self Board Member 000 0000
0000 0000 Self Board Member 000 0000
0000000 000000 Self Board Member 000 0000
000000 00000000 Self Board Member 000 0000
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Nexstar Media Group Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %ile
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Nexstar Media Group Investments & Acquisitions (41)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
0000 20-Aug-2020 00000 00000 00 0000 Movies, Music and Entertainment 000000 000000
000 0000000000 000 02-Mar-2020 000000000 00000 00 0000 Buildings and Property 00000 0000
0000 27-Jan-2020 000000000 00000 00 Buildings and Property
0000000 00000 19-Sep-2019 000000000000000000 00.00 Broadcasting, Radio and Television 00000 0000
FOX 5 KRBK 01-Aug-2018 Corporate Asset Purchase 000.00 Buildings and Property 000 0000000
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Nexstar Media Group Subsidiaries (12)

Company Name Industry Location Founded
Kixer Media and Information Services (B2B) Burbank, CA 2014
0000 000000000000 Social/Platform Software Foothill Ranch, CA 0000
0000000.000 Social/Platform Software Saint George, UT 0000
0000-00 Buildings and Property Little Rock, AR 0000
00000000 000000000 Media and Information Services (B2B) Saint Paul, MN 0000
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Nexstar Media Group Exits (4)

Company Name Exit Date Exit Type Exit Size Status Buyers
0000000 0000000000 13-Jun-2014 000000000 00000 00 Completed
  • 0000000 00000 0000
0000-00 01-May-2009 000000000 00000 00 0000 Completed
  • 0000000 00000 0000
0000-00 31-Dec-2003 000000000000000000 Completed
  • 0000000 00000 0000
eScout.com 30-Oct-2000 Early Stage VC 0000 Completed
  • 13 buyers
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