Nexstar’s Competitors, Revenue, Number of Employees, Funding, Acquisitions & News

Nexstar Broadcasting Group provides television broadcasting and digital media services. Read more

253 Followers on Owler
253 Followers on Owler
253 Followers on Owler
253 Followers on Owler

Nexstar Broadcasting Group provides television broadcasting and digital media services. Read more

Perry A. Sook's photo - Chairman & CEO of Nexstar

Chairman & CEO

Perry A. Sook

CEO Approval Rating

84/100

Founded:

1996

Status:

PublicIndependent CompanyNASDAQNXST

TOP COMPETITORS OR ALTERNATIVES

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Sinclair Broadcast Group, Inc. is perceived as one of Nexstar's biggest rivals. Sinclair Broadcast Group, Inc.'s headquarters is in Hunt Valley, Maryland, and was founded in 1986. Sinclair Broadcast Group, Inc. operates in the Broadcasting industry. Sinclair Broadcast Group, Inc. generates 133% of Nexstar's revenue.

CBS has been one of Nexstar's top competitors. CBS is a Public company that was founded in 1971 in New York, New York. CBS operates in the Broadcasting industry. Compared to Nexstar, CBS has 8,243 more employees.

APN ARM is Nexstar's #3 rival. APN ARM was founded in Fortitude Valley, Queensland} in 1988. APN ARM is in the Advertising & Marketing industry. Compared to Nexstar, APN ARM generates $4.2B less revenue.

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Competitor - 1/1

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Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$4.2B

Nexstar's revenue is the ranked 7th among it's top 10 competitors. The top 10 competitors average 25.5B. Over the last three quarters, Nexstar's revenue has decreased by 16.9%. Specifically, in Q2 2020's revenue was $914.6M; in Q1 2020, it was $1.1B; in Q4 2019, it was $1.1B.

Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Tribune Media Co

Dec 2018

Source »
$6.4B
Tribune is a conglomerate that owns and operates a chain of television and digital properties focusing on news, entertainment and sports programming.
LKQD Technologies, Inc.

Dec 2017

Source »
$90M
LKQD is an Infrastructure as a Service platform that offers video advertising, ad hosting and monetization solutions.
Media General Inc

Jan 2016

Source »
$2.3B
Media General is a media company that provides news, information and entertainment across broadcast television, digital media and mobile platforms.

-

-

Nov 2015

Source »
$130M
-
Yashi, Inc.

Feb 2015

Source »
$33M
Yashi provides digital marketing services.

These are all the companies that Nexstar has acquired. Nexstar has acquired 7 companies and its latest acquisition was Tribune Media Co in Dec 2018. Tribune is a conglomerate that owns and operates a chain of television and digital properties focusing on news, entertainment and sports programming.

Nexstar Funding History

$140M

Since Nexstar was founded in 1996, it has participated in 1 round of funding. In total Nexstar has raised $140.0M. Nexstar's funding round was on Nov 2003 for a total of $140.0M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

IPO
Nov 2003
$140M

Since Nexstar was founded in 1996, it has participated in 1 round of funding. In total Nexstar has raised $140.0M. Nexstar's funding round was on Nov 2003 for a total of $140.0M

Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

VENN is a post-cable network that broadcasts and distributes gaming, esports and entertainment programs.
$26M
Oct 19, 2020
Series A
-

These are all the companies that Nexstar has invested in. Nexstar has invested 7 companies and its latest investment was Tribune Media Co in Dec 2018. Tribune is a conglomerate that owns and operates a chain of television and digital properties focusing on news, entertainment and sports programming.

Nexstar News

November 7, 20204rfv

Nexstar Swings to Big Profit in Third Quarter

Nexstar Media Group swung to a profit as acquisitions and political ad spending generated record reve... See more »
November 5, 2020St Louis Post Dispatch

3Q Earnings Snapshot

IRVING, Texas (AP) - Nexstar Broadcasting Group Inc. (NXST) on Thursday reported third-quarter net in... See more »
November 5, 2020TVNewsCheck

Nexstar 3Q Revenue Soars 68.5%

That increase from 3Q 2019 was boosted by a 583% increase in political advertising and its purchase l... See more »
November 5, 2020TVNewsCheck

Nexstar Bullish On Core Advertising Rebound

On the heels of reporting record results for the third quarter, fueled by even better-than-expected p... See more »
October 26, 2020GamesIndustry

VENN closes $26m Series A funding

The esports and gaming broadcast network secured Nexstar Media Group as an exclusive local television... See more »
October 23, 20204rfv

Nexstar Combining Broadcast And Digital Operations

Nexstar Media Group said that it will combine its Nexstar Broadcasting and Nexstar Digital units into... See more »

Nexstar Press Releases

June 2, 2020Business Wire

WGN America Announces Anchor Teams and Correspondents for Prime-Time National Newscast "News Nation" Launching September 1

CHICAGO & IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group's WGN America announced its anchor team... See more »
April 20, 2020PressReleasePoint

Nexstar Broadcasting to Host Statewide Live Telecast of Virtual Town Hall with U.S. Senators Mark Warner (D-Va), Tim Kaine (D-Va), and Virginia Governor Ralph Northam

RICHMOND, VA and IRVING, TX (April 20, 2020) - Nexstar Broadcasting, Inc., a wholly owned subsidiary ... See more »
April 17, 2020PRZOOM

KIAH-TV, Houston's CW39 to Launch 9 PM Newscast

PRZOOM - Newswire (press release) - Fri, 17 Apr 2020 00:00:00 -0400, Irving TX United States - "ABC13... See more »
March 24, 2020Business Wire

ViacomCBSandNexstarMediaGroupRenewAffiliationAgreements

NEW YORK & IRVING, Texas--(BUSINESS WIRE)--ViacomCBS and Nexstar Media Group Renew Affiliation Agreem... See more »
March 11, 2020PressReleasePoint

Nexstar Broadcasting to Host Exclusive Televised Democratic Primary Debate in Massachusetts U.S. Senate Race

Incumbent U.S. Sen. Ed Markey and Challenger Joseph Kennedy III Will Face Each Other in Only Debate H... See more »
January 13, 2020Business Wire

Nexstar Digital Partners with Mediaocean to Enable Buying of OTT, Display, Video and Linear on Spectra

IRVING, Texas & NEW YORK--(BUSINESS WIRE)--Nexstar Digital partners with Mediaocean to enable buying ... See more »
December 30, 2019PRZOOM

Nexstar Media Group and NBC 5 Dallas-Fort Worth Partner to Host and Produce 'Lone Star Nye Live' TV Special & 'Over the Top Nye' Fireworks Spectacular

PRZOOM - Newswire (press release) - Mon, 30 Dec 2019 00:00:00 -0500, Dallas, TX United States - Nexst... See more »

Nexstar Videos

April 27, 2017Nexstar Broadcasting Vimeo Channel

"MONDAY_REPORT2x15" on VIMEO

Cast: Nexstar Broadcasting... See more »
April 27, 2017Nexstar Broadcasting Vimeo Channel

"KOLR AGING/DYING PKG OPENS" on VIMEO

Cast: Nexstar Broadcasting... See more »
April 27, 2017Nexstar Broadcasting Vimeo Channel

"KOLR LUCAS OIL revised :15" on VIMEO

Cast: Nexstar Broadcasting... See more »
April 26, 2017Nexstar Broadcasting Vimeo Channel

"KOLR COST AGING SUN TON 0430 2x:15" on VIMEO

Cast: Nexstar Broadcasting... See more »
April 25, 2017Nexstar Broadcasting Vimeo Channel

"KOLR REPORTS 0426 2 x:15" on VIMEO

Cast: Nexstar Broadcasting... See more »
April 21, 2017Nexstar Broadcasting Vimeo Channel

"KOLR CHIEF TICKETS (revised) 2X:15" on VIMEO

Cast: Nexstar Broadcasting... See more »
April 21, 2017Nexstar Broadcasting Vimeo Channel

"KOLR IMAGE PROMO #3 :30" on VIMEO

Cast: Nexstar Broadcasting... See more »

Social Media

Headquarters

545 E John Carpenter Freeway Suite 700

Irving, Texas75062

972-373-8800

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Summary

ABOUT

Overview

Nexstar Broadcasting Group provides television broadcasting and digital media services. Nexstar was founded in 1996. Nexstar's headquarters is located in Irving, Texas, USA 75062. It has raised 140.0M in 1 round. The latest round was in Nov 2003. Nexs...

CEO

Nexstar's Chairman & CEO, Perry A. Sook, currently has an approval rating of 84%. Nexstar's primary competitors are Sinclair Broadcast Group, Inc., CBS & APN ARM.

Website

nexstar.tv

Frequently Asked Questions about Nexstar

  1. When was Nexstar founded?

    Nexstar was founded in 1996
  2. Who is Nexstar's CEO?

    Nexstar's CEO is Perry A. Sook
  3. How much revenue does Nexstar generate?

    Nexstar generates $4.2B in revenue
  4. How much funding does Nexstar have?

    Nexstar has historically raised $140M in funding
  5. Where is Nexstar's headquarters?

    Nexstar's headquarters is in Irving Texas, USA
  1. How many employees does Nexstar have?

    Nexstar has 4,527 employees
  2. What sector does Nexstar operate in?

    Nexstar is in Broadcasting
  3. Who are Nexstar's competitors?

    Nexstar's top competitors are Sinclair Broadcast Group, Inc., CBS, APN ARM
  4. Who has Nexstar invested in?

    Nexstar's has invested in companies such as Gaming 247, Inc.