Nexstar Fined $720,000 By FCC For Retrans Violations

Nexstar Media Group has been fined $720,000 — double the normal amount — for violating FCC rules while negotiating a new carriage deal last year with a cable company in Hawaii. The FCC’s Media Bureau, in an order issued today, said Nexstar violated agency rules by demanding that Honolulu-based Hawaiian Telcom agree not to file an FCC complaint against the broadcaster as a condition of reaching a new carriage deal. Hawaiian Telcom filed a complaint anyway.

TVN’S MEDIA JOBS

New Jobs Posted To TVNewsCheck

New jobs posted to TVNewsCheck’s Media Job Center include openings for a SVP digital revenue development at the corporate level and a creative services director in a highly desirable local market.

TV2025

Station Groups Notch Lessons As Collaborations Proliferate

News executives at Nexstar, E.W. Scripps, Sinclair, Fox Television Stations and ABC Owned Stations told a TVNewsCheck panel last week that collaborating more frequently between stations and their national news products is yielding important lessons about people and tech, not to mention better quality news.

UPDATED

DirecTV And Nexstar Set Multi-Year Carriage Renewal

A week after Charter and Disney made peace on the distribution front, DirecTV and Nexstar have set a multi-year carriage renewal, ending a dispute that started in early July.

The agreement was announced this morning in a brief joint press release, with the companies saying they “greatly appreciate the patience of their subscribers and viewers during this negotiation.” Signals from 176 Nexstar stations as well as cable network NewsNation had been restored on Sunday as the final deal was being completed.

Nexstar Media Group Ups Tracey Rogers To SVP/Regional Manager

The media executive with nearly 35 years of management, sales and marketing experience will oversee broadcast and digital operations in multiple markets.

EARNINGS CALL

CW Boosting Top Line For Nexstar

CEO Perry Sook: “On the advertising front, our CW affiliates are already benefitting from increased advertising revenue and we expect national advertising revenue at the network to grow over time.”

NewsNation, WPIX New York Christen New Facility In Manhattan

NewsNation and WPIX New York, both part of Nexstar Media Group, unveiled two new studios on Tuesday at The Daily News Building on 42nd Street in New York, where the network and station both operate from. NewsNation expanded to 24 hours, Monday through Friday, on April 24, and WPIX marks 75 years on the air this year.

NewsNation: Middling In The Middle

With gestures at nonpartisanship and hosts from the Ghosts of Cable News Past, NewsNation tries to break out in a crowded market with a fraught future.

Nexstar Raises Quarterly Cash Dividend By 50%

The $1.35 per share dividend represents a 2.8% annualized yield based on the closing stock price on Jan. 26. The increase marks the company’s 10th consecutive annual cash dividend. increase.

Nexstar Media Names Michael Strober Chief Revenue Officer

The media advertising executive is charged with leading a transformation of sales strategy, leveraging Nexstar’s linear, digital, mobile and streaming platforms to develop new revenue.

Nexstar Says Its Investment In The CW To Be Mostly Funded By Proceeds From Sale Of Chicago Property To Casino Developer

Nexstar Media Group, which has long been known for its enviable balance sheet and knack for finding ways to economize, plans to fund its investment in The CW with proceeds from its sale of a Chicago property to a casino developer. While the company’s drive to wring profits out of The CW and also its pending sale of the Freedom Center have both been publicly disclosed, the dots were connected by CFO Lee Ann Gliha today at a conference hosted by investment firm Stephens. Nexstar President and COO Tom Carter also took part in the conference session.

QUARTERLY REPORT

Nexstar’s 3Q Net Revenue Climbs 9.7%

The increase to $1.27 billion was driven by strong political advertising revenue and healthy year-over-year increases in distribution, digital and other revenue, offset somewhat by a decline in core advertising.

Tegna And Nexstar Announce Quarterly Dividends

On Thursday, Tegna’s board of directors declared a regular quarterly dividend of 9.5 cents per share, payable on Jan. 3, 2023, to stockholders of record as of the close of […]

Verizon, Nexstar Warn Of Potential Blackout Friday

Verizon’s Fios TV and Nexstar Media Group are warning viewers that a dispute over retransmission-consent and other distribution fees could result in a programming blackout on Friday. The dispute involves 10 Nexstar TV stations including WPIX New York, Nexstar’s cable channel NewsNation and the Antenna TV digital broadcast network.

TVN’S MEDIA JOBS

New Jobs Posted To TVNewsCheck

New jobs posted to TVNewsCheck’s Media Job Center include openings for a news anchor, a news director and a senior broadcast operations hub engineer.

Nexstar Media Group Buying Majority Of The CW

Warner Bros. Discovery and Paramount Global to retain minority stakes and produce original, scripted content for The CW. Mark Pedowitz will continue as The CW’s chairman and chief executive officer

QUARTERLY REPORT

Nexstar’s 2Q Net Revenue Up 10%

The increase to $1.2 billion was driven by strong political advertising revenue and healthy year-over-year increases in distribution, digital and other revenue, offset by a decline in core advertising.

Nexstar Extends CEO Perry Sook’s Contract Through March 2026

The Sook-led Nexstar has delivered total shareholder returns of over 1,800% over the last 10 years.

Nexstar Sets Quarterly Cash Dividend, Share Repurchase, Plan To Declassify Board

Nexstar Media Group announced today that its board of directors declared a quarterly cash dividend of $0.90 per share of its common stock. The dividend is payable on Thursday, Aug. […]

Nexstar Names Brandin Stewart SVP-Regional Manager

The media executive with nearly 20 years of large market leadership experience will oversee broadcast and digital operations in multiple markets.

Nexstar Nearing Deal To Acquire Majority Control Of The CW Network

Nexstar Media Group, the nation’s biggest owner of television stations, is close to a deal to acquire majority control of The CW network from co-owners Warner Bros. Discovery and Paramount Global, according to people familiar with the matter. Under the terms being discussed, Nexstar would acquire 75% of The CW, a broadcast network aimed primarily at teens and young adults, with Paramount and Warner Bros. Discovery each retaining 12.5% stakes, the people said.

Perry Sook Sees Nexstar Owning A Broadcast Network In The Future

“I wouldn’t be surprised if we owned a broadcast network and maybe other cable networks that we layer on top of our local content foundation,” Nexstar Media Group CEO Perry Sook said when asked on a podcast to envision what Nexstar would look like in 2032. Nexstar has reportedly been discussing acquiring a majority stake in The CW. The CW is now a joint venture of Paramount and Warner Bros. Discovery and Nexstar is one of its largest affiliate groups.

QUARTERLY REPORT

Nexstar’s 1Q Net Revenue Up 8.6%

The increase to $1.2 billion was driven by gains across all revenue categories including core, political distribution, digital and other.

Nexstar, Tegna Declare Quarterly Cash Dividends

Nexstar Media Group’s board of directors declared a quarterly cash dividend of $0.90 per share on its Class A common stock. The dividend is payable on Friday, May 27, to shareholders of record on Friday, May 13. Also, Tegna‘s board declared a regular quarterly dividend of 9.5 cents per share, payable on July 1 to stockholders of record as of the close of business on June 3.

QUARTERLY REPORT

Nexstar’s 4Q Net Revenue Down 9.5%

The decrease to $1.25 billion from 4Q 2020 came despite Strong year-over-year growth across all of Nexstar’s non-political revenue sources. Excluding political, net revenue increased 13.8% year-over-year. For the full year, net revenue hit $4.65 billion, a 3.3% increase over the prior year.

Nexstar Media Board Moves To Eliminate Class B, C Share Classes

Nexstar Media Group said its board of directors voted to recommend that shareholders approve an amendment to its corporate charter to eliminate the company’s Class B and C common stock […]

WarnerMedia And ViacomCBS Exploring Selling The CW, Possibly To Nexstar

AT&T Inc.’s WarnerMedia and ViacomCBS are exploring a possible sale of a significant stake or all of the CW Network, which they jointly own, according to people familiar with the matter. Among the suitors is Nexstar Media Group, the nation’s biggest TV station group and a large owner of affiliates of the network, the people close to the talks said. The CW caters primarily to teens and young adults.

David Hart Named VP-GM Of WSAV Savannah

Nexstar Media Group promotes the experienced company veteran to lead its NBC-CW affiliate in Georgia.

Nexstar To Implement Impressions-Based Measurement Starting Jan. 1

The change comes as Nielsen adds BBO homes to its local TV measurement.

EARNINGS CALL

Nexstar’s Ad Demand Strong Despite Supply Chain Disruptions

“In Q3 and in Q4, 14 of the top 25 categories are up,” said Nexstar President-COO Tom Carter. “Core television advertising, reflecting accelerated rebound demand for our premium local and national marketing solutions, led to a 13.3% year-over-year increase in revenue for this segment.”

QUARTERLY REPORT

Nexstar’s 3Q Net Revenue Sets Record

The increase to $1.15 billion from 3Q 2020 was boosted by core ad revenue growth of 13%, higher distribution fee revenue (up 15%) and digital revenue growth of 47%.

Nexstar Selects Bitcentral’s Create To Simplify Video Editing, Distribution

Bitcentral, a provider of media workflows, has debuted a new version of Create, a browser-based timeline editor that enables collaboration in editing and publishing video to OTT, social media, and […]

Ex-Iowa Anchor Hopes Her Age Bias Lawsuit Changes TV News

A year after WHO-TV Des Moines, Iowa, abruptly let her go, Sonya Heitshusen filed an age and gender discrimination lawsuit Tuesday against WHO’s parent company, Nexstar Media Group. The lawsuit alleges Heitshusen, 54, was “thrown out to pasture” because she was no longer seen as camera-worthy, after years in which she saw her male colleagues receive better treatment from management.

Nexstar Buys The Hill For $130 Million

The purchase of the national political platform “complements Nexstar’s leading digital platform,” the company said.

EARNINGS CALL

All Top 10 Ad Categories Gain For Nexstar

“Looking ahead, we’re encouraged by the overall acceleration in economic activity and the improved trajectory of ad spending across our footprint as market conditions continue to improve,” Chairman-CEO Perry Sook told analysts this morning.

Nexstar Ups Ron Romines To SVP-Regional Mgr.

The broadcasting executive with 30 years of management, sales and marketing experience will oversee broadcasting and digital operations in various markets across the U.S.

‘The Hill’ Ramps Up Sale Talks

The Hill, a D.C.-based digital and print publication, is being more aggressively shopped by its owner Jimmy Finkelstein, sources tell Axios, including holding recent talks with broadcasting giant Nexstar Media Group.

Nexstar, Sinclair, Fox Stations, Amagi Execs To Address Streaming News Technology Challenges

Streaming News 2021 will wrap up Wednesday with a roundtable on technology and the free ad-supported TV approach to building a business on OTT. Register here.

Nexstar Names A Chief Diversity Officer

Human resources executive Courtney Williams is promoted to the newly created postion of leading companywide efforts to expand diversity in hiring, promotion and retention.

Nexstar Declares Quarterly Cash Dividend

Nexstar Media Group announced today that its board of directors declared a quarterly cash dividend of $0.70 per share of its Class A common stock. The dividend is payable on Friday, May 28, to shareholders of record on Friday, May 14.