DMA 33: HARTFORD, CT

Nexstar, WTNH Sued For Discrimination

The former human resources manager at ABC affiliate WTNH New Haven, Conn., has sued the station and its parent company, Nexstar Media Group, claiming gender and age discrimination and alleging that the station’s general manager made “sexist comments regarding young females.”

QUARTERLY REPORT

Nexstar Reports Its 3Q Revenue Jumps 13%

The gain to a record $693.4 million comes from higher political, retrans and digital contributions. Both local and national ad rev were down.

DMA 110: LANSING, MI

Scot Chastain Named VP-GM Of WLNS

Nexstar chooses the former NBC television and marketing executive to lead its Lansing, Mich., CBS affiliate’s TV and digital operations.

Tegna, Nexstar Announce Quarterly Dividends

As quarterly earnings season gets underway, the two station groups reveal dividend plans.

MARKET SHARE | DMA 150: PANAMA CITY, FL

An Inside Look At WMBB During Hurricane Michael

Nexstar Media Group Refinances Loans

The company said that refinancing senior secured term loans and revolving credit facility will reduce its annual interest expense by approximately $7 million.

EXECUTIVE SESSION

Jerry Walsh: Nexstar’s National Resource For Local News

As the station group’s VP of local content development, Jerry Walsh explains how his four-person team is working to make every Nexstar station a better local news producer and programmer. In addition, he’s the newly minted chairman of RTDNA and he offers his take on the evolving mission of that group.

DMA 108: SPRINGFIELD, MA

Nexstar Ups Robert Simone To WWLP GM

The station management veteran is moving from the GM post at WLNS Lansing, Mich., to lead WWLP (NBC), EWLP (CW) and WWLP.com.

Nexstar May Be Next To Chase Tribune

Perry Sook’s Nexstar Media Group may be hoping to succeed with Tribune Media where Sinclair Broadcasting failed. The chief executive of the second-largest TV station owner in the country met last week with the Justice Department’s antitrust boss, sources say.

DMA 115: LANSING, MI

Ex-Staffer Files Harassment Suit Against WLNS

According to a lawsuit, former Assignment Editor Cheryl Fritze is suing Nexstar and its Lansing, Mich., CBS affiliate WLNS for sexual harassment.

Nexstar Expands Buffalo Bills Games To 8 Markets

EARNINGS CALL

Nexstar Overcomes Core Deficiencies

Retrans and political helped offset lower ad revenue. Looking forward, CEO Perry Sook said that core is pacing better in 3Q and auto is a key improving category. Also on the upswing: attorneys, medical-health care, home repair, insurance, entertainment, utilities, real estate, lumber and hardware.

QUARTERLY REPORT

Nexstar Reports 5.5% 2Q Revenue Rise

The gain to $660.3 million come from higher retrans, political and digital contributions. Both local and national ad rev were down.

DMAS 75 & 80

Nexstar Buying Two Stations For $19.45M

It’s purchasing KRBK Springfield, Mo., and WHDF Huntsville, Ala., markets in which it already owns or operates stations. Nexstar President Tim Busch said: “The acquisitions … will allow Nexstar to generate incremental advertising and net retransmission consent revenue growth without increasing our total U.S. television household reach.”

TV Groups Slapped With Antitrust Lawsuit

An Alabama law firm that advertised on television is accusing the six biggest owners of TV stations — Sinclair Broadcast Group, Tribune Media, Gray Television, Hearst Corp., Nexstar Media Group and Tegna — of scheming to artificially inflate the price of ads, according to a new antitrust class action lawsuit.

DMA 97

Nexstar Names New GM In Burlington, Vt.

The station group taps former Telemundo Boston executive Alexander von Lichtenberg to lead its Fox affiliate WFFF, WVNY and MyChamplainValley.com.

M&A

Nexstar Stock Rises On Buyout Talk

Shares of Nexstar Media Group soared Wednesday after Reuters reported that private equity firm Apollo Global Management had approached the second largest broadcast station owner in the U.S. about a possible buyout.

M&A

Apollo Makes Overture To Buy Nexstar

Buyout firm Apollo Global Management has approached Nexstar Media Group, an operator of television stations that reach nearly 40% of U.S. households, to express interest in acquiring it, according to people familiar with the matter. The approach comes a year after Nexstar’s $2.3 billion acquisition of peer Media General turned it into one of the largest U.S. broadcasters.

QUARTERLY REPORT

Nexstar Post-Merger 4Q Revenue Up 111%

The record boost to $654 million includes contributions from the former Media General stations and is driven by increased local and national advertising, retransmission and digital revenue.

JESSELL AT LARGE

Hane Brings Know-How, Passion To 3.0 Push

The lawyer and former tech executive John Hane is a solid choice to lead Sinclair and Nexstar’s new Spectrum Co. He knows spectrum, he understands business and he clearly shares those groups’ passion for the non-broadcast potential of spectrum once enhanced and amplified by ATSC 3.0.

Nexstar Raises Quarterly Dividend By 25%

The quarterly cash dividend of $0.375 per share marks the company’s fifth annual consecutive rise in cash dividends.

John Hane To Lead 3.0 Datacasting Company

He will oversee the nascent Spectrum Co., the ATSC 3.0 spectrum consortium founded by Sinclair and Nexstar to promote “spectrum utilization, innovation and monetization by advancing the adoption of the ATSC 3.0 transmission standard across the broadcast industry.”

MARKET SHARE | DMA 11: PHOENIX

Hands On Buzzers, Quiz Show Comes To KASW

MARKET SHARE

Nexstar, NBC’s KXAS To Ring In ’18 In 20 Markets

NEWSTECHFORUM 2017

Stations Press Ahead With Social Platforms

Major groups keep experimenting, looking to find the best ways to use Facebook and YouTube, both to expand their brands and eventually generate some revenue.

DMA 13

Skip Valet New GM Of Nexstar’s Tampa Duo

The local TV veteran with more than 35 years of experience is tapped to succeed Andy Alford as leader of WFLA (NBC) and WTTA (MNT) effective immediately.

Nexstar Adds 4 Katz Diginets On 43 New Chs.

In addition, the four — Bounce, Escape, Grit and Laff — have been renewed on 21 other stations, boosting Bounce to 86% of the United States and 95% of African-American households, while Escape, Grit and Laff will now reach 89%, 87% and 90% of all U.S. TV households, respectively.

Nexstar Declares Quarterly Cash Dividend

Nexstar Media Group announced today that its board of directors declared a quarterly cash dividend of $0.30 per share of its Class A common stock. The dividend is payable on Friday, Dec. 1, to shareholders of record on Friday, Nov. 17.

EXECUTIVE SESSION WITH PERRY SOOK

Frontline Recollections Of Birth Of Retrans

Perry Sook, CEO of Nexstar Broadcasting negotiated one of the earliest retrans deals with an MVPD in 2005 Since Sook took his stand, retrans has grown into a powerful second revenue stream, contributing $40 billion to the top line of the industry. It has kept broadcasting in the TV game. Here, Sook talks about how this vital second revenue stream came to be and its prospects for the immediate future.

DMA 70: CHARLESTON-HUNTINGTON, WV

Nexstar Names Sean Banks GM West Virginia

The management and sales executive with more than 20 Years of broadcasting experience returns to WOWK in Charleston-Huntington where he was held sales positions from 2005 to 2014.

Andrew Alford New Nexstar Regional Manager

The executive with more than 30 years of broadcast experience promoted to oversee Nexstar’s Southeast television and digital media operations.

3.0 Spectrum Consortium Searching For CEO

Nexstar Media’s and Sinclair’s ATSC 3.0 spectrum consortium — which has recruited Univision and Northwest Broadcasting as members — is looking for a CEO to run the venture full-time. Nexstar CEO Perry Sook says the companies have hired a firm to find a CEO who can focus full-time on finding new members and orchestrating future revenue opportunities for the soon-to-be-available spectrum.

DMA 52: PROVIDENCE, RI

Nexstar Buys Zombie Station WLWC For $4.1M

OTA Broadcasting had sold the spectrum of the Providence, R.I., CW affiliate in the FCC’s incentive auction.

Nexstar Taps Hopkins To Be Distribution SVP

Former Tribune Media executive Keith Hopkins brings extensive carriage and distribution experience and MVPD relationships to his new role.

 

Nexstar Declares Quarterly Cash Dividend

Nexstar Media Group announced today that its board of directors declared a quarterly cash dividend of $0.30 per share of its Class A common stock. The dividend is payable on Friday, Aug. 25, to shareholders of record on Friday, Aug. 11.

DMA 6: SAN FRANCISCO

KRON Expands Weekday Primetime News

The Nexstar San Francisco MNT affiliate is adding newscasts at 8, 9 and 10 p.m. beginning Aug. 21.

DMA 7: WASHINGTON

WHAG Changes Call Letters To WDVM

The move is designed to reflect the Nexstar station’s expanded geographic coverage with added local news focus in Maryland and Northern Virginia and a new web portal.

Nexstar To Host Congressional Forum

Produced by the grouop’s Washington news bureau, Your Voice Arkansas: A Congressional Forum will feature a discussion with Arkansas congressional leaders. The program will cover all 75 counties in the state, airing on KARK, KNWA, KTAL, WATN, KTVE and KOLR in two parts on July 27 and 30.

Sinclair, Nexstar Set 3.0 Transition Agreement

The two broadcasters will work together to coordinate the transition of the over-the-air delivery to ATSC 3.0 next-gen television services in 97 markets.

Ryvicker: What’s Not To Like About Nexstar

The Walls Fargo analyst reaffirms her Outperform rating for the station group’s stock with a target of $85. “We could not be more bullish,” she writes to clients. “In our view, this mgmt. team is doing everything right — in terms of capital allocation, M&A strategy, core operations, you name it.”