Nexstar Media Group Overview

  • Year Founded
  • 1996

Year Founded

  • Status
  • Public

  • Employees
  • 13,005

Employees

  • Stock Symbol
  • NXST

Stock Symbol

  • Investments
  • 51

  • Share Price
  • $171.79
  • (As of Friday Closing)

Nexstar Media Group General Information

Description

Nexstar is the largest television station owner-operator in the United States with over 200 stations in 116 markets, reaching 220 million people. Of its 200 stations, 155 are affiliated with the four national broadcast networks: CBS, Fox, NBC, and ABC. 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 maintains stations in 13 of the top 20 television markets and reaches 68% of US TV households. Nexstar also owns NewsNation (formerly WGN), a cable news network, 75% of the fifth national broadcaster, the CW, and a 31% stake in Food Network and Cooking Channel.

Contact Information

Website
www.nexstar.tv
Formerly Known As
Nexstar Broadcasting Group
Ownership Status
Publicly Held
Financing Status
Formerly PE-Backed
Corporate Office
  • 545 East John Carpenter Freeway
  • Suite 700
  • Irving, TX 75062
  • United States
+1 (972)
Primary Industry
Broadcasting, Radio and Television
Stock Exchange
NAS
Vertical(s)
TMT
Corporate Office
  • 545 East John Carpenter Freeway
  • Suite 700
  • Irving, TX 75062
  • United States
+1 (972)

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Nexstar Media Group Stock Performance

As of 20-Jun-2025, Nexstar Media Group’s stock price is $171.79. Its current market cap is $5.18B with 30.1M shares.

(As of Friday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$171.79 $166.59 $141.66 - $191.86 $5.18B 30.1M 483K $20.02

Nexstar Media Group Financials Summary

As of 31-Mar-2025, Nexstar Media Group has a trailing 12-month revenue of $5.36B.

In Thousands,
USD
TTM 31-Mar-2025 FY 2024 31-Dec-2024 FY 2023 31-Dec-2023 FY 2022 31-Dec-2022
EV 11,857,860 11,482,536 12,096,687 13,499,509
Revenue 5,356,000 5,407,000 4,933,000 5,211,000
EBITDA 2,118,000 2,211,000 1,789,000 2,216,000
Net Income 655,000 722,000 346,000 971,000
Total Assets 11,414,000 11,468,000 12,078,000 12,679,000
Total Debt 6,536,000 6,523,000 6,837,000 7,001,000
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 over 200 stations in 116 markets, rea
Broadcasting, Radio and Television
Irving, TX
13,005 As of 2024

Atlanta, GA
 

Hunt Valley, MD
 
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Nexstar Media Group Competitors (7)

One of Nexstar Media Group’s 7 competitors is Gray Television, a Corporation company based in Atlanta, GA.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Gray Television Corporation Atlanta, GA
Sinclair Broadcast Group Formerly PE-Backed Hunt Valley, MD
Paramount Global Pending Transaction (M&A) New York, NY
Fox Corporation New York, NY
Televisa Corporation Santa Fe, Mexico
You’re viewing 5 of 7 competitors. Get the full list »

Nexstar Media Group Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Nexstar Media Group Investments & Acquisitions (51)

Nexstar Media Group’s most recent deal was a Joint Venture with EdgeBeam Wireless. The deal was made on 07-Jan-2025.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
EdgeBeam Wireless 07-Jan-2025 Joint Venture Wireless Service Providers
WBNX TV55 28-Oct-2024 Merger/Acquisition Broadcasting, Radio and Television
Kusi Television 31-Aug-2023 Merger/Acquisition Broadcasting, Radio and Television
The Suncoast News Network 20-Jul-2023 Merger/Acquisition Broadcasting, Radio and Television
The CW Television Network 30-Sep-2022 Merger/Acquisition Broadcasting, Radio and Television
You’re viewing 5 of 51 investments and acquisitions. Get the full list »

Nexstar Media Group ESG

Risk Overview

Risk Rating

Updated February, 19, 2025

15.3 | Low Risk

Risk Scale

A lower score indicates better sustainability

Negl

0-10

Low

10-20

Med

20-30

High

30-40

Severe

40+

Exposure

Exposure refers to the extent to which a company is exposed to different material ESG issues

Management

Management is related to actions taken to manage ESG issues

Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.

Global

Covered Companies

of 14,673

Rank

Percentile

Media

Industry

of 258

Rank

Percentile

Broadcasting

Subindustry

of 52

Rank

Percentile

To view Nexstar Media Group’s complete esg history, request access »

Nexstar Media Group Exits (9)

Nexstar Media Group’s most recent exit was on 07-Aug-2020 from VENN (Broadcasting, Radio and Television). The exit was categorized as with 6 buyers.

Company Name Exit Date Exit Type Exit Size Status Buyers
VENN (Broadcasting, Radio and Television) 07-Aug-2020 Completed
  • 6 buyers
Tribune Media 19-Sep-2019 Completed
LKQD Technologies 16-Jan-2018 Completed
Communications Corporation of America 01-Jan-2015 Completed
Nexstar Broadcasting Group (KREG-TV) 13-Jun-2014 Corporate Asset Purchase Completed
You’re viewing 5 of 9 exits. Get the full list »

Nexstar Media Group Affiliates

Subsidiaries (9)

Name Industry Location Year Founded
BestReviews Sparks, NV 2014
GoLocal.Biz Saint George, UT 2007
Mission Broadcasting Wichita Falls, TX 1996
The Suncoast News Network Sarasota, FL 1995
WDHN Webb, AL 1970
You’re viewing 5 of 9 affiliates. Get the full list.  »

Nexstar Media Group FAQs

  • When was Nexstar Media Group founded?

    Nexstar Media Group was founded in 1996.

  • Where is Nexstar Media Group headquartered?

    Nexstar Media Group is headquartered in Irving, TX.

  • What is the size of Nexstar Media Group?

    Nexstar Media Group has 13,005 total employees.

  • What industry is Nexstar Media Group in?

    Nexstar Media Group’s primary industry is Broadcasting, Radio and Television.

  • Is Nexstar Media Group a private or public company?

    Nexstar Media Group is a Public company.

  • What is Nexstar Media Group’s stock symbol?

    The ticker symbol for Nexstar Media Group is NXST.

  • What is the current stock price of Nexstar Media Group?

    As of 20-Jun-2025 the stock price of Nexstar Media Group is $171.79.

  • What is the current market cap of Nexstar Media Group?

    The current market capitalization of Nexstar Media Group is $5.18B.

  • What is Nexstar Media Group’s current revenue?

    The trailing twelve month revenue for Nexstar Media Group is $5.36B.

  • Who are Nexstar Media Group’s competitors?

    Gray Television, Sinclair Broadcast Group, Paramount Global, Fox, and Televisa are some of the 7 competitors of Nexstar Media Group.

  • What is Nexstar Media Group’s annual earnings per share (EPS)?

    Nexstar Media Group’s EPS for 12 months was $20.02.

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